Gold prices are in a slight decline. The reason may be due to profit taking after increasing by more than 1% the previous day. The release of lower-than-expected US CPI and Retail Sales data for April has led to a change in expectations about the Fed's future interest rate path - an important factor contributing to the direction of gold prices....
Hello Traders , Upon reviewing the gold chart in the 4-hour timeframe, we observe that the price, following our analysis, managed to rise by 170 pips to $2387. Since the range of $2386 to $2397 is an important supply zone, the price reaction to it was negative, and currently, gold is trading around $2383. If the price stabilizes below this level, we can expect a...
🔍 Let's analyze and review this popular forex pair together, and also revisit our previous analysis. 📊 In the higher timeframes, this pair, like the rest of the market, is ranging. Currently, it is fluctuating between the boxes of 1.69901 and 1.58888, which is logical given the current policies. 📝 In the previous analysis, it was mentioned that after a candle...
www.tradingview.com On the chart H1, after 3 bullish waves an 2 bearish waves so we expected en ABC corrective waves.
USDJPY is neutral on its 1D technical outlook (RSI = 53.858, MACD = 0.730, ADX = 52.633) and is rebounding after almost the second 1D MA50 test in 2 weeks. The pair is capitalizing on the bullish momentum of the 1 year Channel Up but this rebound could be the last before a correction, as the price is very close to the HH top trendline. Our goal is still that top...
📈🐂 Breaking News! 🐂📈 🚀 DOW JONES SOARS to New Heights! 🚀 The bulls are on an unstoppable rampage, smashing through key resistance levels like a hot knife through butter! 🔥💪 This week witnessed an impressive breakout, with the DOW JONES surging past another significant barrier with sheer bullish force. 📈💥 ✨ What's Next? ✨ With the bulls clearly flexing their...
After quite an extended bullish accumulation within an ascending triangle formation, EURCAD bounced yesterday and violated its resistance. It opens a potential for a further bullish continuation. Next resistance will be 1.486 ❤️Please, support my work with like, thank you!❤️
More progress in deflation remains to be seen Chicago Fed President Austan Goolsbee welcomed the drop in inflation in April but said deflation progress needs to be firmer. Speaking Wednesday after the CPI excluding food and energy prices fell for the first time in six months, Goolsbee expected more such good data to come before making a decision to cut interest...
WTICO/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
The USD plummeted as expectations of the Fed lowering interest rates increased after US inflation data The dollar slid to a multi-month low on Thursday after U.S. core inflation hit a three-year low and retail sales were flat, raising expectations of lower interest rates in the economy. largest economy in the world. US government bonds recovered after economic...
Over the same period, CPI increased by 3.4%, matching forecasts. This is positive news for the US Federal Reserve (Fed). Cooling inflation will help the Fed soon make a decision to lower interest rates, to support the US economy, which is showing more signs of slowing down. Cooling inflation will also soothe the psychology of US investors and consumers. The...
Gold is in a correction period. If the price can stay above the 2326 level, it is expected that there is a chance that the price will rebound. Consider buying a red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
WTICO/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. SOYBN/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5...
📈🐂 EURUSD Analysis 🐻📉 🔍 Currently, EURUSD finds itself at a crossroads, caught between two vital daily structures. Looking ahead to next week's potential moves, here are two scenarios to watch: 1️⃣ Bullish Outlook: If the market breaks the trendline and seals the deal with a solid close above a hefty resistance line forming a substantial falling wedge on the...
EURUSD is overbought on its 1D technical outlook (RSI = 71.115, MACD = 0.002, ADX = 33.336) with the price approaching the top/ LH trendline of the long term Channel Down. It is already past the 0.618 Fibonacci level, where the last LH got rejected but the 1D RSI is right where the tops of December 27th 2023 and March 7th 2024 where formed. This is a solid low...
Multiple time frame analysis for Gold. Forecast, Technical outlook, Trading plan, Key levels, Price action. Please support my work like boost and comment share, thanks for support..
Hello traders ,what do you think about EURUSD? This currency pair has reached the ceiling of the channel and a resistance zone. It is expected that after a correction to the specified zone, it will grow at least to the specified level. If this post was useful to you, do not forget to like and comment.❤️
www.tradingview.com If the price break below 2360, the next target will be at 2349/2348, other senario if the price get rejected from the previous support level he can bounce up to reach the 2400 level.