In today's trading session, our attention is on XAUUSD, where we're considering a buying opportunity around the 2026 zone. Technically, gold is exhibiting an uptrend but currently undergoing a correction phase, with the price nearing the support and resistance area at 2026. Adding a fundamental layer to our analysis, we observe bullish sentiment among investors...
🔴 Oil jumped as the US and its allies launched airstrikes against Houthi rebels in Yemen, retaliating for attacks on ships in the Red Sea that have imperiled flows of fuel and goods through the vital waterway. President Joe Biden said strikes had been conducted against a number of targets used by the Iran-backed group, with US officials saying radar sites and...
Dear traders, Dive into the AUD/CAD realm with a blend of geopolitical insights and technical signals: Before we venture into any further downward potential, keep a close eye on the critical level around 0.8822 for potential breakthroughs. Here's the geopolitical and technical mix in our AUD/CAD analysis: Geopolitical Considerations: Wednesday's Bank of...
Technical Analysis and Outlook: The Eurodollar has dropped to our Mean Sup 1.090 and is hovering under inverted to now Mean Res 1.090, possibly extending to Mean Res 1.094. The primary downward designation is the established Mean Support level of 1.075, with interim support marked Mean Sup 1.084.
Technical Analysis and Outlook: Bitcoin continued a pivotal squeeze to Key Sup 41200 and is prone to make a rebound to the newly created Mean Res 43200. The down movement target is Inner Coin Dip 38500 and Mean Sup 37700.
ECONOMICS:RUGRES The latest data from the International Monetary Fund’s (IMF) International Financial Statistics (IFS) report shows that Russia’s central bank increased its gold reserves in August, restoring reserves back to previous levels from earlier this year. “IMF IFS data shows gold reserves at the Central Bank of Russia rose by 3 tonnes in August,”...
It has been 1 year almost to the day since my last publication and what a 12 months it has been. I previously laid out the case for a pending future recession but not before we saw massive regular bullish divergence play out on the monthly time frame for Bitcoin. Since then we've seen a 187% move in BTC, a 25% move in the S&P 500 and every commentator, pundit...
Technical Analysis and Outlook: The Eurodollar has been trading aimlessly this week, fluctuating below the designated Mean Resistance of 1.098. The current target is the Mean Support of 1.090, with a potential decline towards the established Mean Support level of 1.075. On the upside, the Eurodollar may attempt to surpass the Mean Resistance level of 1.098 and...
Technical Analysis and Outlook: The Eurodollar has experienced significant price fluctuations throughout this week's trading session. It has fallen below our Mean Support level of 1.100, indicating a potential decline towards the established Mean Support of 1.075. It is highly probable that the Eurodollar will retest the Mean Resistance level of 1.098. The...
Technical Analysis and Outlook: The Eurodollar has experienced a notable price jump during this week's trading session, surpassing our Inner Currency Rally level of 1.109. The current price movement indicates that the Eurodollar will likely decline to the newly established Mean Support of 1.100 and potentially to the Mean Support of 1.094. On the other hand, the...
Technical Analysis and Outlook: During this week's trading sessions, Bitcoin has continuously traded within a Mean Res 44100 and Mean Support range of 41200. This indicates that Bitcoin is not yet ready to break through the completed Outer Coin Rally of 44500 and proceed to higher levels.
Dowbt Im only one who is front running reversal unjustified market rally with no earning proof driven by inflation that is diminishing no longer supporting earnings JPM'a theory basically mid this pas year but he was correct but too early to the earnings crash party! Now that Dem's fiscal punch bowl is nearly empty adding 7 trillion to national debt in less than a...
geopolitics and safe haven in the next 3 years reserve at $1300 in case of a SHAKE DOWN BTC: spot $7520 correlated
Technical Analysis and Outlook: The Eurodollar has shown significant price movements throughout this week's trading session by surpassing our previously achieved Inner Currency Rally level of 1.099 and its corresponding resistance at the same price point. The current price action suggests that the Eurodollar will likely continue to climb, with the target level...
OANDA:XAUUSD In the ever-evolving landscape of financial markets, gold continues to capture attention as a reliable indicator and safe haven amidst turbulent geopolitical climates. Today, we delve into a comprehensive analysis of the gold market, shedding light on key trends and factors that shape its trajectory. Our analysis revolves around two critical...
Technical Analysis and Outlook: Throughout this week's trading session, Bitcoin has been trading within a specific range, defined by two fundamental values: the Completed Outer Coin Rally 44500 and Mean Res 44100. This range has created a level of stability in the market and has allowed for some predictability in the short term. The market is on an upward trend...
Election time come 2020 will decide the sustainability of the markets momentum a recent pullback seem to have been opportunity for some folks to upsize short sellers await a SPIKE or abrupt EXHAUSTION as sign of resetting back to 3k levels
Technical Analysis and Outlook: Last week's completion of our Inner Currency Rally of 1.099 continued to drop to strategic Mean Sup 1.084 and is on its way to a significant Mean Sup 1.067 and Inner Currency Dip 1.068 outcome. The current price action suggests a rebound from the letter prices to the designated target Mean Res 1.080. Overall, it is essential to...