Stone_Haven

Stone_Haven Updated 

Gold tumbled on Tuesday, completely erasing last month's gains and inching closer than ever to the 50-day simple moving average, a key support indicator that sits slightly above the $2,010 area. The bulls must defend this technical zone; Failure to do so could trigger a move to $1,990, followed by $1,975. On the other hand, if the buyers return and create a...

Stone_Haven Updated 

EURUSD continues to fluctuate in a narrow range, not creating new notable signals. However, the fact that the price has accumulated for too long around the lower border of the rising channel combined with the previous strong falling wave shows that the risk of breakdown is increasing. Bulls need to keep SL below 1.09 for existing long positions, guarding against...

Stone_Haven Updated 

Gold price suddenly dropped sharply in the last session when sellers returned around the 2060 resistance zone. Currently, the price has been forced to fall below the 2040 conversion price zone and is testing the previously broken down channel. Observing on the daily frame, we also see a very noticeable bearish engulfing pattern that has just appeared. The...

Stone_Haven Updated 

D1 gold increased yesterday, but the price bar created had a very narrow amplitude and was inside the previous price bar, creating a price action combo of inside bar + Narrow range bar, showing the cumulative price compression period. The gold D1 chart structure is still moving sideways. H1 gold, after breaking out of the upper border of the lower price frame, is...

Stone_Haven Updated 

EURUSD still cannot escape the narrow range around the edge of the rising price channel. The bullish structure still exists and we still have long positions targeting around 1.1200. However, it should be noted that accumulation around the lower border of the price channel for too long is an unfavorable signal for sellers, especially when there has previously been...

Stone_Haven Updated 

As feared, gold prices increased sharply in the last session of the week, confirming the creation of a bottom at the support area around the 2020 level with a double-bottom model and the breaking of the short-term falling channel. This price behavior shows the possibility that the price may return to an upward trend. The short-term target will be around the old...

Stone_Haven Updated 

GBPUSD hit resistance around 1.2780 but there is no sell signal yet. If so, everyone can consider trading. The upward momentum weakens when approaching this resistance area, so you can sell it. But if in case the price increases strongly and breaks the resistance, it is possible that the peak area will also be broken, then the trend will return to an uptrend, our...

Stone_Haven

Although down, last Friday's D1 GBPUSD bar has the form of a bullish pinbar pattern, showing buying pressure from below. Right in front is also a bullish pinbar. Although it is moving sideways and accumulating in the inside bar model, GBPUSD D1 is putting pressure on the upper border, easily leading to a break to the upside. The accumulation structure with upward...

Stone_Haven Updated 

EURUSD's price action did not change much, yesterday's price dropped sharply in the European session and turned up in the US session. Basically, the price action of the H4 frame does not have much impact, so our trading strategy remains unchanged. Continue to observe the resistance area around 1.1020. If the price approaches this area and forms a sell signal, you...

Stone_Haven Updated 

International gold prices remained stable, hovering above $2,000 per ounce, as they did not experience an increase. This stability is attributed to the impact of a report revealing that the number of US workers applying for unemployment benefits last week was lower than anticipated. This development serves as evidence that the US economy is in a recovery phase,...

Stone_Haven Updated 

GBPUSD increased slightly in the previous session and is cautiously heading towards the peak of 1.28. Although the buyers have not yet shown dominance again, the prolonged accumulation price range in a main uptrend is a good sign for bullish bets. Brothers continue to hold existing long positions, targeting around 1.30 and SL below 1.26.

Stone_Haven Updated 

The market recently received information that the World Bank (WB) has forecast that the global economic outlook may still be weak, but with Latin America increasing compared to 2023. Specifically, the World Bank has forecast that Latin America's gross domestic product (GDP) in 2024 will increase slightly compared to the 2.2% recorded last year, and is expected to...

Stone_Haven Updated 

EURUSD continues to fluctuate in a narrow range, there have been no significant new moves, you continue to observe the two edges of the range, the direction of the breakout can determine the next direction of the price. Currently, we still have long positions following the uptrend. You can continue to hold the order, the SL is placed below the channel line and the...

Stone_Haven Updated 

The fluctuating range of gold prices has narrowed in the past session, no new notable signals have been created, so we still keep the old assessment, expecting the price to continue to go down, you can continue. Continue to hold short positions if any, the target is still around the psychological threshold of 2000.

Stone_Haven Updated 

GBPUSD also continues to accumulate in the range area, unable to establish a new high and confirm the continuation of the uptrend, however, the bullish structure is still guaranteed so the overall outlook is still bullish, You can continue to hold your existing long positions and place your stop loss below 1.26, we will only abandon this strategy when this...

Stone_Haven Updated 

GBPUSD continued to recover in the past session after buyers successfully defended the support level of 1.26. Although it is still not possible to break the resistance at 1.28 and create a new peak to confirm the continuation of the uptrend. However, recent price behavior shows that buyers are gradually regaining control of the situation, expecting prices to...

Stone_Haven Updated 

In hourly time frames, gold prices lost their upward trendline after good news for the USD - especially the Non-farm news with 3 main data points that were higher than economists' forecasts. This news continued to be absorbed by the price until today's Asian session, causing the price to bottom at 2,027 USD/oz. However, the medium-term rising trendline is still...

Stone_Haven Updated 

The buyers have successfully defended the resistance level of 1.2600 and are coming back strongly. It can be seen that although they could not create a higher peak before, the failure of the sellers to create a lower low shows that the buyers are still market control. Those who still have a long position can continue to hold the order, the target is still around...