Hey everyone, let's dive into today's gold prices! In the early hours of May 8th, gold traded at $2,310 per ounce, down $15 from the overnight high of $2,325 per ounce. Gold prices fell as some Federal Reserve officials indicated that inflation in the US remains high and interest rates may stay unchanged for longer. In response to this information, the...
Hello all dear traders! Let's discuss and plan our short-term strategy today! Overall, BTCUSD experienced significant volatility over the past day with the price falling past the $63,000 mark. It is currently trading at $62,627, marking a 0.49% increase on the day, since hitting $62,179. But! At the same time a pattern has formed which we often call a triple top...
Liquidity is slowing off Etherum toward Bitcoin as show on the ETH/BTC pair structure at lower timeframe is respecting the 50% fib level and also trending downward inside the channel , as it repeats is similar pattern!! Thank you for watching Follow me for more crypto analysis
BTCUSDT Trading Strategy: Today, BTCUSDT continues to move within a long-standing downward price channel, with prices hovering around the $60,000 mark. It is anticipated to experience further declines and adjustments if the price channel is not breached by the Bullish side. My idea is that BTCUSDT will follow the analysis on the chart. How about you? What are...
Hello all dear traders! Overall, is XAUUSD about to explode again after the previous profit taking of 2400 USD? From a technical analysis perspective a pattern has formed that allows XAUUSD to increase further in the future. - Main support key: 2300 USD, 2276 USD - Main Resistance Keys: 2328 USD, 2255 USD, 2300 USD, 2380 USD, 2400 USD. - Stop loss 2228...
Hello all dear traders! Overall, XAUUSD continues to consolidate below the $2328 resistance level. But! At the same time, a falling wedge is gradually forming. Theoretically, Gold will continue its technical decline to support lines and the $2250 support area at least. Fundamentals and news: From the 4-hour chart, After retreating to the $2,310 area early...
Analysis: Factors Driving Gold Prices Up Here is why we think it will go up (FUNDAMENTAL ANALYSIS) Weak NFP Report and Potential Fed Rate Cuts: The recent Non-Farm Payrolls (NFP) report came in weaker than expected, signaling sluggish job growth in the United States. This unexpected weakness has raised speculation that the Federal Reserve may consider...
Hey Everyone, Once again our plans to buy dips played out perfectly with levels being respected!! Not much change to the chart dynamic today, as we see price playing between 2305 Goldturn support and 2321 Goldturn resistance. Our support levels are giving us the bounces needed inline with our plans to buy dips knowing we have gaps open above and the size of...
Hello all dear traders! Gold has repeatedly tried to recover, the goal being to retest the circular resistance level of 2,400 USD, but previous recovery efforts have been hindered by many factors, including hawkish comments from Federal Reserve (Fed) officials may dampen hopes for a possible interest rate cut in 2024. This directly negatively affects XAUU and...
Gold prices edged up slightly in Wednesday's Asian session, getting small support from safe-haven demand due to geopolitical tensions but coming under pressure from recent hawkish comments by officials. Fed officials Gold was supported by some safe-haven demand this week as the conflict between Israel and Hamas worsened and ceasefire talks made little...
Bitcoin looks very strong at this moment. We can see that the price is breaking out of the descending parallel channel on the daily chart. The price is above the channel and has already retested the downward-sloping trendline. We should see a strong pump from the current price. Why is bitcoin pumping? From a technical perspective, it's pretty easy to say. Take a...
Hello all smart and wealthy traders! On general market impact news: EUR/USD remains under modest downside pressure and trades slightly below 1.0750 during the European session on Wednesday. Hawkish comments from Fed officials kept the US Dollar resilient and did not allow the pair to recover. EUR/USD trades near 1.0750, where the Fibonacci 38.2% retracement...
Gold prices attracted some buyers during Asian trading hours on Wednesday. Safe-haven demand, fueled by geopolitical tensions and uncertainty, as well as ongoing central bank purchases, could contribute to gold's rally. Gold prices traded stronger during the day. However, the yellow metal's positive long-term outlook remains unchanged as XAU/USD sits above the...
BTCUSD Trading Strategy: BTCUSD has recently broken out of the strong support zone at $63,000 as marked on the chart. In the short term, this cryptocurrency continues to favor sellers as signals from EMA and resistance levels support new selling waves, with profit-taking around the $61,000 area as the Bearish side begins to control the trend! Wishing you happy...
Dear beloved friends, today, after forming a triple top pattern, EURUSD has undergone a more pronounced short to medium-term downward correction as it broke through the support level of 1.075. Chart data, along with the convergence of EMA 34, 89, also signals favorable selling opportunities at the current juncture. It is expected that after this short-term trend...
Hello all dear traders! Gold prices today turned down with gold down 15 USD compared to the highest price in last night's session of 2,325 USD/ounce. Accordingly, Gold decreased slightly as investors focused more on the prospect of interest rate cuts from the US Federal Reserve (Fed). According to CME's FedWatch tool, futures traders believe there is about a...
Hello all dear traders! Let's discuss and strategize our new day! Overall, the EU is facing a decline below the 1.075 breakout support during the Asian session on Wednesday. The main reason is that the US Dollar increased due to expectations that the Federal Reserve will extend higher interest rates, which supported the USD and was detrimental to the EUR....
Hi everybody! The daily rebound in the US Dollar (USD) caused a fresh knee jerk and caused EUR/USD to give up part of its four-session move higher on Tuesday. Once again, the pair failed to retest or break above the key 1.0800 area, which marked its weekly high so far. From the analysis chart, it can be seen that EURUSD has broken out of the previous support...