Upon reviewing the gold chart on a weekly timeframe, we observe that after closing at $2393 last week, the price began a steep decline and even corrected to $2295! After constructing bullish candles for five consecutive weeks, this week we are witnessing the formation of a bearish candle, and it remains to be seen how far this decline will continue. If the price...
Hello dear friends! Today, gold is on the rise again, well-protected as the bulls successfully maintain prices above the $2300 support level. Gold has climbed nearly 150 pips from the same time yesterday and is currently hovering around the $2335 mark, near the EMA 34 and 89 lines. The short-term trendline continues to favor buyers. As long as the $2300 support...
Hello everyone, what are you thinking about BTCUSDT? Today BTCUSDT continues to trade stably around $ 64,400 and there is not much change in price compared to yesterday. Accordingly, this coin is still in the trend that is beneficial for the seller when it has not been able to overcome the $ 64,500 resistance as well as the EMA 34, 89 still producing discount...
Hello everyone, what are your thoughts on the current situation with EURUSD? This currency pair is currently trading steadily above 1.070, and the recovery has continued until Friday, making last week completely favorable for buyers. From the daily chart, the price has reached the 0.618 Fibonacci retracement level, which is a sensitive price point at this time....
Today, BTCUSDT continues its recovery from last week's tumultuous conditions. The price has been moving steadily within a trading channel and showed a notable bounce after touching the lower boundary. The immediate goal appears to be a continued recovery, with buying strategies being emphasized as BTCUSDT aims for the upper limit of the parallel channel,...
Hello everyone, gold continued its recovery during the last trading session on Friday, with the metal trading around $2340 USD and marking a 0.3% recovery for the day. This resurgence was driven by last night's downturn in the USD, which provided momentum for a recovery in XAUUSD. In the short term, this metal continues to receive support from investors as it...
Hello dear friends, let’s recap last week’s gold prices and strategize for the upcoming week. Overall, last week gold saw no startling fluctuations, adjusting downward from $2400 to $2338. This decrease followed a cyclical pattern in gold’s movement and was within expected trading behavior, so there's no immediate cause for concern about this metal. In the last...
After the release of the US GDP figures for the first quarter of 2024, the gold market experienced a strong price surge, surpassing the $2,330 threshold, paving the way for recovery. Currently, the price of gold is stable around $2,335, with short-term forecasts still optimistic towards buying pressure. Prospects are aimed at the psychological milestone of...
Hello everyone, what are your thoughts on the recent movements of USDJPY? Currently, the USD/JPY pair is experiencing a significant uptrend due to the substantial interest rate differential between the United States and Japan. With the Federal Reserve (Fed) setting the Federal Funds Rate at 5.25% - 5.50% and the Bank of Japan (BoJ) keeping its interest rates...
I analyzed a lot of fractals and came to the conclusion that you see on the chart now, that the next month - May as well as April will be red for bitcoin, and only after that growth is possible. Be objective bitcoin has been growing for 7 months, now the first month will be red, and most likely the next month will also be red. It may be hard for altcoins, but...
Hello everyone, today SOLUSDT continues its decline. The coin is currently trading around $144.10 and has completely exited its upward channel. As a result, we will continue our selling strategy based on factors and signals from the EMA 34 and 89 lines. We anticipate another selling opportunity when the price reaches the EMA 34, which is around the resistance...
Bitcoin is in the middle of the bull market cycle, but where exactly? It's necessary to do an Elliott Wave technical analysis to see the full map, as the market always moves in waves. We are almost at the end of the major wave (3), and in summer 2024, we are ready to make a significant corrective ABC pattern. We probably all know that summers are usually boring...
The price of Bitcoin is preparing for a final drop to the downside, to 57k per my calculations! The price is still inside this bullish flag formation, and we still need to complete the ABC corrective pattern from the Elliott Wave perspective. At this point, I cannot be bullish at all, just be patient and wait for 57k to be hit before buying BTC! It's also...
Hey Everyone, Another great day on the charts today buying dips from our Goldturn levels with plenty of opportunity to milk the range. After tracking and trading the movement level to level all week using our cross and lock confirmation, yesterday we stated that we will now need a body close above 2326 to open retest to 2354. - We got the close above 2326 and...
SHIBUSDT today continues to prioritize selling when it breaks the support level as marked on the chart and transferred it into a new resistance level from the formation of the three -peak model. It is expected to continue to sell in the market trend as long as the price has not overcome the current resistance
A deeper understanding of market behavior towards Bitcoin indicates a shift in momentum. The focus on speculative trading with this asset has decreased. Current market sentiment is reflected in the technical analysis revealing a "death cross" in Bitcoin’s 12-hour chart, where the EMA 34 and 89 lines are converging, traditionally signaling a potential price...
hello guys... this coin made a diamond pattern and broke down as we can predict it! after breaking the price made another pattern under the named three drives! the third drive touched the supply and demand zone that I showed on the chart! as you can see the price broke the trendline of three drives! so we can expect another upward movement! let's...
FX:XAUUSD on the background of dollar correction is strengthening to the resistance of the bearish channel, which was formed on the background of sell-offs. Ahead of strong news, on the background of which the price may reach the liquidity zone before further decline. On the high timeframe, a false breakdown of support is formed, liquidity gathering and after...