Trend analysis: The gold trend competed around the downward trend line in the two trading days this week, forming a shock range with high and low points from 2290 to 2330. From a moving average perspective, gold prices are between the 5-day moving average and the 20-day moving average at the daily level. Under the suppression of the 20-day moving average and the...
On Wednesday, gold rose as high as the 2336 area, but did not stand firmly above 2330, and then fell back to recover its short-term gains. Focus on Thursday's announcement of the number of people filing for unemployment benefits and the quarterly personal consumption index in the United States, which may push gold to strengthen further.
Yesterday, it continued its downward trend and fell below the $2,300 mark, reaching as low as $2,291. Based on the previous day's high, the two-day retracement was nearly $100, completing a retracement adjustment in a relatively short period of time. The retracement of the gold price itself is an adjustment. It is under such expectations that we effectively seized...
Spot gold maintains a sharp decline during the day, with the price of gold currently located near US$2,300 per ounce. It plummeted $64.95, or 2.72%, on Monday to close at $2,327.18 per ounce, the largest single-day drop in more than a year. On Tuesday, it fell further, with gold prices reaching as low as $2,295.44 per ounce. The decline is already a trend, pay...
In the past two days, gold rebounded above 2330 and fell back. Now it has been converted into a support level. If the fall does not fall below 2330, then gold can rely on 2330 to support the bullish trend. If the data is negative and directly falls below 2330, then the rebound will continue to be bearish. "Emotional trading is fatal. A good trader must keep an eye...
Gold failed to break through new highs again. Although there was a short-term rebound, the amplitude was very small. The short-term decline has become a trend. Then we will follow the trend according to the market, short on rallies, and achieve stable profits. We hope this can Help you.
Reasons for bullish bias: - Bullish Crab formation - Entry at HH breakout for trend confirmation - Dow theory - Bearish divergence Entry Level(buy stop): 20.45 Stop Loss Level: 15.97 Take Profit Level 1: 24.93 Take Profit Level 2: open
Hey dear friends, hope you are well, and welcome to the new trade setup of Harvest Finance (FARM) with US Dollar pair. Previously we caught almost 200% pump of FARM as below: Now on a 4-hr time frame, FARM has formed a bullish Gartley move for the next price reversal. Note: Above idea is for educational purpose only. It is advised to diversify and...
The price is on a strong rise towards 194.66, if it can break this level again, we will move towards the previous highs like 195.99 and above it. Be aware that this level may push the price down to make a correction before rising. For the price to reach 192.80, it needs to stay below 193.56 for a long time. Tendency: Retest from 194.66
The QIBK exhibits a bullish Butterfly Pattern, as indicated by the Harmonic analysis, suggesting a bullish trend.
W.D. Gann's fame is would be nonexistence if it weren't for the work of the lesser-known Professor Weston. Weston's pioneering research revealed the significance of the 225-day cycle, which is correlated with Venus degrees, as a crucial timekeeper within the larger cycles. It's essential to acknowledge Weston's contributions. Mastering the art of plotting and...
BUY 2298.00 TP 2332.00 in forecast. Gold technical forecast, today.
NYSE:SHOP , many reason to enter now with caution Reasons: Below EMA-200 Over reacting to the soft guidance for Q2 $60 volume range is very strong, many times it was rested If inflation softens and interest rates goes down this will explode.
JTOUSDT has formed a harmonics pattern in the presence of divergence which indicates that a reversal is likely.
The EURAUD is transitioning from a downtrend to an uptrend on the IH time frame while displaying a Bearish AB=CD Pattern. This presents an opportunity to set a Buy stop order at point B, anticipating a move to point D (Potential Reversal Zone). At that juncture, we can consider initiating a Sell-stop order for a second trade.
Detailed breakdown of the recent price action and my next play. Follow for more
Hello, everyone I think the bearish environment for the euro is not ready yet, which suggests that it could still try to retest the 1.0830 area. Today, we are looking at support at 1.0725-1.0730, which is a possible scalp long position
Looking at the chart, the NAS100 may see a bearish move before the market regains its bullish momentum