Gold has already broken its trendline resistance, and more upside bias is coming soon. But we have to be cautious that gold has reached its swing and profit-taking zone and have to consider Russia's reserves. Of course, gold has more room for going upside, but don't forget Russia has enormous gold reserves and might have to tap those if it's cut off from the...
During the Asian season, Putin ordered to attack Ukraine. Ukraine says that Kyiv is under attack from the cruise and ballistic missiles. So, safe-haven JPY will dominate all currencies and especially commodities currencies. CAD/JPY are at risk of dropping more and more. So, let's check out my CADJPY chart. CAD/JPY Sell 89.30 One More Sell Limit @...
During the Asian season, Putin ordered to attack Ukraine. Ukraine says that Kyiv is under attack from the cruise and ballistic missiles. So, safe-haven JPY will dominate all currencies and especially commodities currencies. S0, USD/JPY, AUD/JPY, NZD?JPY and CAD/JPY are at risk of dropping more and more. So, let's check out my USD/JPY chart. USD/JPY Sell...
For 21 trading days, AUD/CAD has been rising. Now AUD/CAD is testing its trendline resistance zone. So, we are expecting AUD/CAD may drop from this level. 0.9230/0.9260 is identified as a trendline resistance zone. As long as the market is below trendline resistance, it has chances to drop. So, selling Between 0.9230 and 0.9260 could be a good swing trade....
It is not yet the right time to say that we can sell gold through technical analysis, saying gold price reached its trendline resistance or swing zone. The Russia-Ukraine crisis is not over yet. There is no doubt that inflation will rise if the oil prices rise further. If the oil price goes up, the price of any product will go up, and the consumer will be out...
Fundamental View: After a long six months or more, gold finally broke through the trendline resistance and climbed to the previous high. Last week, a large number of days of significant trendline resistance erupted at the same time. During the previous two years, the Coronavirus has been a source of concern, and gold prices were supported. As we have seen in...
You might have heard a lot of things about the benefits of investing in gold these days. Gold has been called the best and the king of investment, or it is no longer worth investing in because it will not grow anymore. Gold will remain king forever in investing, let me explain why. The price of gold will increase in the coming days but will not decrease in the...
during the weekend, we had shared our views on gold might going to drop, and that really happened. from my personal view, I have found 3 reasons behind the Gold's flash crash early market opening. 1. Last week's massive US job market report. 2. Gold was raised when most of the central banks cut their interest rate to support their economy during the pandemic....
The strengthening of the US dollar and the narrowing of the yield differential between US T-bonds have fueled the rise of XAU/USD. Furthermore, in response to Jerome Powell's comments on Friday regarding high inflation, the gold price rose to its highest level since early September at $1 815.50 before falling again shortly after. Before this weekend's holiday...
Once again, Gold could not break above its trendline resistance level of the $1854 price zone. Gold almost dropped more than 250 pips from its swing high spot of the $1853.50 price zone. We already know that today is the FOMC. I don't want to take your time too long by just saying that I will repeat why Gold is rising every day. Fundamental factors are still...
Hi there, USD/JPY has formed a head and shoulder pattern and could not break above its right shoulder. So, it may drop the current level to its trendline support zone. USD/JPY Sell zone: 115.50 zone ( Left and Right shoulder zone) Stop Loss: 116.50 ( Above Neckline) Target Zone: 114.20 ( Trendline Support Zone
EUR/JPY is hovering nearly to its trendline resistance level. Fundamentally EUR is under pressure except for rate-hiking optimism in 2023. JPY is a haven asset, so if Russia-Ukraine tension rises, JPY will benefit. So, EUR/JPY has chances to drop again. EUR/JPY Sell Zone: 131.50 to 132.50 Stop Loss: 133.50 Target Zone 130.70 Target Zone 2: 129.50
Fundamental View: Yesterday, the US labor market published its inflation data. Inflation reached its highest level in the United States in forty years. It caused panic and high volatility during yesterday's American session when the CPI report was released. The yield on US Treasury bonds thus pressured the currency, stock, commodity, and metal markets to rise...
After a big crash in the last week, Gold has successfully recovered fully. Right now, Gold is holding above the last week’s flash crash price level. It’s a bit good sign for the gold, at least all the big investors are not biased by the crashes. Inflation was the only market mover data for the last week. Theoretically, USD was supposed to drop because the...
What happened the last week? Gold is on a hot streak! Last week, the yellow metal saw some relief as it went up against the U.S. dollar and other currencies worldwide. As a result, the gold has ended its three-week decline. But will this temporary victory be more than just an illusion? With uncertainty surrounding global energy production brewing into what...
The big picture for gold is mixed as the bullish trend appears to remain on hold. However, a descending triangle formation shows that some bearish potential may be brewing with Gold markets, and US rates continue climbing at a higher rate than treasuries. The Fed's next meeting will decide whether or not they're hawkish enough to elicit more significant...
Gold's Fundamental View: Gold has been rising in a row for seven days. Currently, the gold price is hovering nearly $1830/1835 price zone ahead of the inflation report. Today's inflation is significant, and investors are cautious ahead of the critical data today. Based on today's inflation report, FED will clarify how many times and how much they will hike...
BTC could not manage its near-term and trendline resistance level of the $46000 price zone for several days. Several times BTC price tested its trendline resistance. But the market already broke and stabilized its strong trendline resistance a few days ago. So, technically it is supposed to up. It is just a matter of time after breaking above $46000 BTC will go...