Mihai_Iacob

Mihai_Iacob

In my comment yesterday, I mentioned that the price was trading within a tight range, making it better to stay on the sidelines until there is more clarity. Although the price briefly broke below both the 2635 and 2620 support levels, it quickly reversed and moved back above them. This suggests that bulls remain strong above the 2600 level, indicating that a...

Mihai_Iacob

This week has been relatively quiet for gold traders, with the price confined to a narrow range between 2635 and 2655. In fact, aside from a few brief spikes, the price remains largely unchanged from Friday's close. Looking ahead, this tight range is likely to break in one direction or the other. As mentioned, the key levels to watch are 2655 and 2635; a breakout...

Mihai_Iacob Updated 

For most of last week, gold exhibited choppy price action. As outlined in my Thursday analysis: "Gold could recover Monday's losses in a choppy manner, forming a flag pattern with resistance around 2660." This prediction held true in the end and, after a brief spike above the resistance level, gold began its decline. At the time of writing, the price is trading...

Mihai_Iacob

In last week's analysis, I mentioned that EUR/USD could reverse to the upside, with the 1.0330 zone likely marking a short-term bottom. As anticipated, the pair has climbed back above the 1.05 support level, indicating a false breakout. I still expect this correction to extend further, with the pair potentially reaching the 1.0670 resistance level. In...

Mihai_Iacob Updated 

Last week, Bitcoin came tantalizingly close to the significant milestone of $100,000 but fell just shy of breaching it. After this near miss, the cryptocurrency experienced a minor correction. Yesterday, Bitcoin tested the $100,000 level once again, only to retreat once more, indicating a persistent struggle to decisively break through this psychological...

Mihai_Iacob

In my previous analysis of silver, I mentioned the potential for prices to drop below the significant $30 level. This scenario unfolded as expected, with prices dipping to $29.66 before reversing and once again hovering around the $30 mark. This area continues to act as a pivotal point for market sentiment. From a technical perspective, the outlook remains...

Mihai_Iacob Updated 

After Monday's significant drop, the price of gold began a correction yesterday, reaching my first resistance zone at 2640 before resuming its decline. However, gold found support around 2620 and started recovering again. The price action now appears to be forming a bearish continuation flag, suggesting that the next major move could be another downturn. In the...

Mihai_Iacob

In my previous post about USD/JPY, I highlighted the potential for JPY strengthening due to repatriation, referencing similar trends observed last year and usually in December After reaching a high near 157, USD/JPY began to decline and is now testing the critical 150 level. At this point, a technical rebound is possible, but I view it as a selling opportunity....

Mihai_Iacob

Even the most seasoned traders—those with decades of experience—encounter losing streaks. These periods can feel discouraging and lead to emotional turbulence that affects decision-making. However, with the right psychological tools, strategies, and perspective, you can regain confidence and emerge stronger. Here’s a comprehensive guide to help you navigate this...

Mihai_Iacob Updated 

The drop in EUR/USD has been remarkable, with the pair even breaking below the critical 1.0500 technical and psychological level. On Friday, it even spiked to a low of 1.0330. However, following this sharp decline, the pair opened on Monday with a gap up, which has since been filled, potentially signaling the beginning of a correction. Confirmation of a new...

Mihai_Iacob Updated 

Not long ago, I used to discuss potential targets of 1,000 pips for OANDA:XAUUSD in my analyses, explaining why trading XAUUSD requires factoring in potential moves of 300–400 pips as part of a well-thought-out strategy, not 30-50 pips. Fast forward to today, and the landscape has shifted dramatically. A 500-pip movement in a single day has become standard,...

Mihai_Iacob

In today’s fast-paced trading environment, having an effective and clear method to track performance is essential for success. This article is tailored for short-term traders who typically manage 1–3 positions at a time and are looking for practical strategies to evaluate their trading outcomes. Unlike diversified stock portfolios or hedge funds that deal with...

Mihai_Iacob Updated 

Gold has been experiencing unusual price movements and heightened volatility over the past two weeks. Two weeks ago, the price saw an initial drop of 1500 pips. However, last week, it staged a sharp recovery, rallying almost uninterrupted—ignoring resistance levels—and closed the week strongly bullish at 2720. As if that weren’t enough, the start of this week...

Mihai_Iacob Updated 

Chainlink is a coin I like, mainly because it holds levels well. I expect this to continue, and after the recent break and retest, I anticipate BINANCE:LINKUSDT will rise toward 20. The ideal buying point is 12.80.

Mihai_Iacob

You’ve probably heard the claim that 95% of traders fail to make money in the markets. This statement is repeated endlessly across the internet, creating fear and doubt for many aspiring traders. However, this widely circulated myth is not backed by solid evidence or reliable statistics. In reality, it’s a generalized assumption based on flawed logic that...

Mihai_Iacob

Unlike Gold, Silver showed far less volatility last week and behaved in a more technical manner. After peaking on Tuesday, Silver remained range-bound, even as Gold rallied an additional 700 pips. Currently, Silver is testing its support level, but I suspect this support will eventually break. Similar to my approach with Gold, my strategy for Silver is to sell...

Mihai_Iacob

Gold remains highly volatile. After last week's sharp drop of approximately 1,500 pips from top to bottom, the price rebounded significantly this week, recovering around 1,000 pips. Despite finding a potential bottom at 2,537, the price is expected to encounter strong resistance at 2,680. I’m considering selling in that resistance zone, targeting a potential...

Mihai_Iacob

The U.S. presidential election has sparked optimism also in the stock market, with the technology index rising by 1,000 points. Following this new all-time high, the Nasdaq 100 ( PEPPERSTONE:NAS100 ) is now consolidating just below that level. This consolidation is taking the shape of a flag pattern, which could signal potential for further upward movement. A...