Gold prices are in a slight decline. The reason may be due to profit taking after increasing by more than 1% the previous day. The release of lower-than-expected US CPI and Retail Sales data for April has led to a change in expectations about the Fed's future interest rate path - an important factor contributing to the direction of gold prices....
Gold was on a downtrend, but now, following the break of this downtrend line and considering the bearish trend of the dollar index and important news today, we could expect a bullish move towards 2400 - 2417. 📈
Hello traders, FX:AUDUSD I have determined the formation target on the chart. I wish everyone success. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Thank you for considering my analysis and perspective. Good luck
If you haven't already purchased SPY after the 2023 forecast: forecast:https://www.tradingview.com/chart/idea/l6U1M9dJ/ then it's important to be aware that there's a significant bearish divergence in the RSI of SPY, the S&P 500 ETF, which initiated at $469. Anticipating a technical retracement to $495, given its prolonged period of being overbought!
During the early Asian trading session on Friday, the GBP/USD pair experienced a modest rise, approaching the 1.2670 mark. Despite a slight pullback, the outlook remains bullish for buyers as the GBP/USD successfully breached the 1.265 resistance level, turning it into a new support. It is anticipated that the upward momentum will resume after a retest of the...
On Thursday, the EUR/USD pair experienced a slight decline and held steady into early Friday, hovering around the 1.0850 mark as the U.S. dollar gradually recouped its losses from earlier in the week. Despite this minor pullback, the currency pair has still seen a notable increase over the trading week, preserving its upward price trajectory. As long as buyers...
Today, gold prices slightly declined, returning to around $2377 after maintaining high levels for nearly three weeks. This movement results from investors taking profits following a recent surge in prices. Additionally, the recovery of the U.S. dollar, which increased by 0.2% after hitting a multi-month low, also contributed to the pressure on gold. The U.S....
My dear subscribers, This is my opinion on the AUDNZD next move: The instrument tests an important psychological level 1.0959 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.0996 My Stop Loss - 1.0936 About Used Indicators: On...
My dear subscribers, My technical analysis for EURGBP is below: The price is coiling around a solid key level - 0.8613 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8586 My Stop Loss - 0.8627 About Used Indicators: By the very...
My dear friends, Please, find my technical outlook for TESLA below: The price is coiling around a solid key level - 168.47 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 177.77 About Used Indicators: The pivot point itself is simply...
1W - the weekly timeframe is in a short context. It would be desirable to see liquidity withdrawal around 1.088 to confirm the short order flow. Also, if the price closes above 1.088, the context will change to long. However, the main target remains at 1.045.
4H - the four-hour timeframe is in a locally long context. The withdrawal of the key high-liquidity point below is favorable. It's important to note the opposition against us. Most likely, we will see a withdrawal at 1.076 before moving higher.
Dear Respected Traders, we hope this communication finds you well. we are convening a discussion focused on #XRPUSDT On The 12H Time Frame📊: XRP Moving Down Followed by Trendline, Now it's on Major Support level In Case of Successful Breakout, Expecting a Bullish Move of 50% 🚀 #Bitcoin #Crypto #Ethereum #Cryptocurrency #CryptoTrading #BTCUSDT #ETHUSDT #ALTCONS...
We saw our weekly target hit yesterday, I have a hunch as on the Daily we are constantly going back to the middle of the range that bsl of some form is in the eye of the market before we would want to move down. I ask myself.... Why would we want to go all the way back (weekly ssl level) if we have been here and raided Sell Stops... If I was the market I would...
More progress in deflation remains to be seen Chicago Fed President Austan Goolsbee welcomed the drop in inflation in April but said deflation progress needs to be firmer. Speaking Wednesday after the CPI excluding food and energy prices fell for the first time in six months, Goolsbee expected more such good data to come before making a decision to cut interest...
The USD plummeted as expectations of the Fed lowering interest rates increased after US inflation data The dollar slid to a multi-month low on Thursday after U.S. core inflation hit a three-year low and retail sales were flat, raising expectations of lower interest rates in the economy. largest economy in the world. US government bonds recovered after economic...
The EUR/USD surged on Wednesday, experiencing one of its best days in 2024, climbing to 1.0900 and heading towards a fourth consecutive week of gains. Broad market selling pressure lowered the value of the US dollar (USD) as risk appetite soared after US Consumer Price Index (CPI) inflation dropped more than investors had anticipated. US CPI inflation fell to...
Gold extended its uptrend for the second consecutive day on Wednesday, reaching a three-week high of $2,390. This rise followed data from the U.S. Bureau of Labor Statistics showing a decline in inflation, increasing the likelihood that the Federal Reserve will cut interest rates in 2024. The daily chart of the XAU/USD pair shows a dominant uptrend, although the...