In the U.S. market on Tuesday (May 28), spot gold fluctuated within a narrow range and is currently trading around $2,355 per ounce. Gold prices rebounded nearly 1% on Monday, hitting an intraday high of $2,358.40 per ounce and closing near $2,350.99 per ounce, as investors assessed reduced bets on U.S. interest rate cuts ahead of a key inflation report later this...
On Friday, the United States released the University of Michigan consumer confidence index for May and one-year inflation expectations. From a data point of view, the University of Michigan Consumer Confidence Index recorded 69.1, higher than market expectations of 67.5 and the previous value of 67.4, ending a three-month downward trend. At the same time, judging...
On Tuesday, data showed that the U.S. PPI growth rate in April was 0.5%, much higher than the expected 0.3%. After hearing the news, traders reduced their bets that the Federal Reserve will cut interest rates for the first time in September. The possibility of an interest rate cut in September is estimated to be 60%. , while the probability before the report was...
Gold hit the bottom and recovered to close as expected on Wednesday. The price of gold retraced its lowest support of 2351.7 and started to rise. It closed at 2385 in late trading, with a daily increase of 1.18%. It is a strong closing pattern, which also laid the foundation for Technically, after the daily closing of the Yang line, the gold price rushed towards...
Short-term gold continues to rise. Gold is still maintaining a strong and volatile trend along the short-term moving average on the daily trend. The price fell back after touching the early pressure zone, but the continuation was not very good and it continued to pull as expected. , but we need to see how the daily line closes today. Judging from the current...
The U.S. PPI data in April was strong, rising 0.5% month-on-month, 0.3% higher than expected. Core PPI also rose 0.5%, while the expected 0.2% was. However, both March PPI and core PPI were revised down from 0.2% to -0.1 %, the sharp downward revision of March PPI moderated the unexpected increase in April PPI. Powell's speech was also half hawkish and half...
www.tradingview.com On the 4-hour chart, XAUUSD has developed a head and shoulders pattern, indicative of a classic reversal trend. The price is currently hovering around a pivotal support level, with the moving averages suggesting a potential for further downward movement. A selling opportunity for XAUUSD may arise if the price breaks below the support at...
SOLUSDT has formed inverted Head and Shoulder with strong bullish divergence. As the buyers are getting bids with this confluence. If the sell pressure resumes and buyers gets active the optimum target will be 250.
As the price rises, it may reach the resistance level of 18750 as a correction before beginning to fall again. We expect the price to continue facing negative pressures, targeting further corrective levels, with 18610 serving as the first main target on the downward path. Breaking this level will likely lead to a continued corrective decline, extending losses...
Yesterday said that as long as yesterday's rising market did not break the starting point of the main fall of 3 waves 83.63 US dollars, it can be regarded as 4 waves rebound, currently is not broken 83.63 US dollars, but broke 80.11 US dollars, that is, broke the starting point of 5 waves of our previous number of waves, but now it can also be looked at as the abc...
📊 According to the buying pressure in the market and the breaking of the downward movement of the price upwards, if the range of 84.5 units is broken upwards and the price stabilizes above it, the price may increase to the range of 87.0 🎯 and in the case of the strength of the range of 88.6 units🎯🎯. 📊 Otherwise, the price may decrease to the range of 81.5 units.
VGX/USD (Voyager) formed a potential falling wedge pattern on 5D-1W timeframes. Full send after a breakout and a massive bull rally if it can break this key level at around $0.1851. The next potential target could be $0.5000 according to the data I have on these charts.
EUR/GBP is currently at 0.85097, presenting an entry opportunity now. Consider taking profit at 0.85200, 0.85250, and 0.85300 respectively. In case the trade moves against expectations, it's advisable to close it at a stop loss of 0.85015." This provides a clear overview of the suggested actions and risk management strategy for trading EUR/GBP.
OP making support on its trend line, 22% - 22.50% gain possibility ahead. Keep an eye on it!
Gold yesterday in the strategy, do not chase more beware of high fall, but the actual rebound strength is weaker than expected, yesterday after a small high open blocked 2364 after the shock fall, all day weak no rebound, the day closed large Yin, proof that the day Yin bao Yang short-term rebound end, the market will continue last week weak shorts, re-challenge...
BTC - Trading at Top of rising Channel, Pennant Formation !
GBPUSD is about to entered in strong resistance zone. Price is been on strong bullish run from last few days but now has entered into bears territory, will the bears get active active and send price back to 2370 region ?
Currently, BTC has no clear direction, but is fluctuating in the 67450-68830 range. Conservatives can wait until the price chooses a breakthrough direction before opening a position. Radicals can sell near the upper resistance level of 68830 and buy near the lower support level of 67450. Trading suggestions: 1. If the price breaks through 68830, you can buy...