📌After the surprise data on US services PMI skyrocketed, there was concern that the FED would cut interest rates less than expected. This caused investors to rush into the USD and pushed the Euro down despite the EUR PMI data. better than previously announced expectations. 📌EUR/USD recovers to 1.0850 as risk mood improvesEUR/USD gains traction and rises to 1.0850...
In the past week, Gold prices dropped sharply when the statements of FED members took on a "hawkish" tone. At the FOMC meeting Many Fed members proposed raising interest rates if inflation remains high. Fed members said inflation data for the first quarter of 2024 was "disappointing". According to a survey by global fund BOFA: Commodities had a record increase...
A bad home sales report (but record April home prices) combined with falling traffic and smaller spending data from Target cast an early shadow on the markets but it was the FOMC Minutes that did the trick. big waves with their more hawkish comments. For any and all that say "yeah but they're old, we've had CPI and Retail Sales since then", see the chart below to...
THE KOG REPORT: In last week’s KOG Report we said we would be looking for the price to push up into the order region 2430-35 and above that we gave the extension level of 2445-65 if they wanted to take it there. We gave KOG’s bias level bullish above targets 2430-35 and above that 2447 as well as the path showing the short from the region. 2447 was completed,...
4-hour time frame gold analysis Gold can grow at least until 2074
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price test support at 2331 with price close below it leaving a gap to the retracement range. However ema5 cross will further confirm this, as a target. We also have a gap above at 2350. We now have gaps between both support and resistance weighted levels. Gap...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between two weighted levels 2361 resistance and 2322 is the weighted support for this range. We will need to see either weighted level break and lock to confirm the next range. We will need to see ema5 lock above 2361 to further open the range above or...
Hey Everyone, This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months and currently still being respected. So far we were able to track the entre move up and down twice with level to level tracking and our long term swing range zones have also provided the bounces each time. Last week we completed...
Hey Everyone, We have been successfully tracking this chart for a while now and after completing all our targets inline with our plans the new month candle opened in a central range with room above and below for the updated detachment to complete, highlighted with the new circle and also room above to re-test the new open range LAST WEEKS UPDATE We got the...
The currency pair is creating a bullish flag pattern and has broken the trendline zone. BUY NOW trading signal around 0.91530. Wishing you successful trading with my signals
Hey Everyone, Please see our daily chart idea that we have been tracking and trading successfully since completing our last daily chart idea. Previously we saw the anticipated retracement take place into the channel half line where we expected a bounce, which played out perfectly with the full half line test complete followed with the bounce up, as no lock below...
Our short-term take on Bitcoin focuses on the approach to the 4H supply zone and the high volume node area. We have set our stop loss just above the supply zone to manage risk effectively. The target is set at $67,350. As we approach this critical level, we need to observe how Bitcoin reacts to the lows. There is some uncertainty in the market at the moment, so...
Hey Everyone, After sharing our 1H and 4H charts with completed bull targets earlier this week followed with the swing range test and bounce, please now see our daily chart update from last Sunday. As you can see our unique Goldturn channel top was respected perfectly followed with the rejection into the channel half line, as highlighted by the arrows last...
Spot gold prices continued to decline on Thursday, with the lowest trading level at 2,327.28 USD. The precious metal fell sharply for the second straight week, with the USD initially taking advantage of the hawkish FOMC meeting minutes. Documents released on Wednesday showed officials expressed concern about the lack of progress in achieving the 2% inflation...
After only 2 consecutive falling sessions, world gold price (XAU/USD) has dropped more than 100 USD if calculated from the high on May 22. Since the historic peak of 2,450 USD, XAU/USD has dropped more than 120 USD in just 4 sessions. Gold has been at a disadvantage since Wednesday's hawkish FOMC meeting minutes. Just yesterday, preliminary PMI data were released...
#ONDO Breakout this bullish pennant pattern and currently retesting the support, and then we can expect a potential rally. Technically, as per the pattern, we can expect almost a 150% rally. Entry: CMP and add more up to $0.848 SL: $0.77 DYOR, NFA #Crypto LSE:ONDO
Hey Everyone, Our 1H chart update yesterday completed the bullish targets followed with the drop shared yesterday completing the bearish targets. We got the swing range bounce, as part of our plans to buy dips and now broken the swing range on the 1h chart. However, Switching to our 4h chart, we can see after completing all our bullish targets, we got the cross...
Pendle broke through the resistance level and the descending trendline. The bullish movement to the resistance level at $7.54 is expected to happen.