Greetings, splendid companions! Let’s dive into the golden hues of yesterday's market. Gold seemed to pause after brushing against the $2,200 mark once again, finding a steady rhythm around $2,178 in the early trading hours of Wednesday during the Asian session. Peering into the future prospects for gold, the short-term outlook remains bullish. Anticipation is...
Greetings, BTCUSDT traders! Today, BTCUSDT sustains its recovery streak. Although we've yet to witness a significant surge in price, the bulls have commendably reclaimed their ground. Currently, the price oscillates around $70,270, with a slight retracement to the 0.618 Fibonacci level. The technical outlook and buying targets remain highly favorable, aiming for...
Hello, cherished friends! What's your take on EURUSD today? As anticipated, EURUSD struggled to break the resistance at 1.086 and has started to retract. The tepid rise of the US Dollar has led to a defensive risk sentiment, contributing to a modest pullback of EUR/USD to the 1.0830 region amid growing caution ahead of the US PCE release on March 29. From a...
"Hello, astute traders! Let's delve into the dynamics of BTCUSDT today. After experiencing a slight dip, the price hovers around $69,700. A glance at the short-term technical analysis reveals a prevailing downward trend, making it a prime moment for those looking to capitalize on this movement. Short-term strategy: Consider selling on dips, targeting profits at...
"Hello dear traders! 🌐 Today, USDJPY seems frozen in time, hovering unchanged as it gazes up at the towering peak around 151.700, a record high it has flirted with over recent days. Market sages are taking a cautious stance on USD/JPY, foreseeing a Fed rate cut not as a possibility, but an inevitability; a question of 'when' rather than 'if.' Meanwhile, a growing...
Join the discussion on SOLUSDT's strategy with me! Today, SOLUSDT continues its noticeable downtrend, maintaining its descent within a declining price channel, currently hovering around $181.21 with a loss of 2.77% for the day. Looking ahead, a short-term recovery could be on the horizon as it receives support at the current price level. Trading with the trend...
Hello everyone, today GBPUSD continues its downward trend, with resistance at 1.267 acting as a significant barrier for this currency pair. From a technical perspective, I expect the price to decrease, favoring a SELL strategy once it touches the EMA again, as the EMA 34 is signaling a sell through trend reversal. The support level at 1.259 will determine...
Hello dear friends, curious about this week's gold price trends? As we step into a new week, gold has already seen a continuous rise of $10, reaching $2175 during the Asian session. In the short term, it appears set for further growth, though it may encounter resistance around the $2185 mark. The Federal Reserve's monetary policy decisions in June are poised to...
Hello everyone! Today, XAUUSD (gold) is on the rise again, buoyed by ongoing expectations of a Fed rate cut. After successfully overcoming two significant resistance levels, gold continues to hold firm on its upward trajectory, establishing a new support zone following a period of consolidation in recent days. The outlook remains bullish as long as the bulls can...
Greetings, fantastic folks! Let's dive into today's GBPUSD insights. In today's North American trading session, the British Pound is making a modest comeback against the US Dollar, buoyed by speculation that the Federal Reserve might slash interest rates in June. At this moment, GBP/USD is trading at 1.2639, marking a 0.32% rise for the day. On a fundamental...
ETHUSDT has maintained its upward trajectory in the early trading hours of Tuesday, currently hovering around $3617, establishing new support as it successfully breaches the $3541 resistance. The outlook remains optimistic, with no immediate threats looming over ETHUSDT. The aim is to once again target and surpass the $4088 resistance level. What are your...
"Today's gold market witnessed a refreshing surge, propelling prices back to the $2,200 mark in the early hours of the Asian trading session this Wednesday. This revival comes amidst the ongoing resilience of the U.S. dollar and a rebound in U.S. Treasury yields, drawing investor focus towards the latest hawkish remarks from the Federal Reserve. The short-term...
Today's Gold Market Insight: Struggling to capitalize on yesterday's modest gains, gold (XAU/USD) fluctuates narrowly around the $2,170 mark during today's Asian session. Yet, it's wise to hold off on aggressive bearish bets against this precious metal, especially considering the recent retreat from the record highs near $2,223 reached last Thursday. The Federal...
Hello, dear friends! GBPUSD is showing signs of a rebound this Monday, recuperating from its significant drop during the latter part of last week. The recovery is sparked as it touches the Trendline, although the primary trend remains bearish due to the momentum the US Dollar (USD) gained from Wall Street activities, despite decreasing yields bolstering the pair's...
Hello everyone! Today, EURUSD has shown early signs of a recovery, attempting to adjust its course at the start of the new trading week. After hitting a low of 1.808 last Friday, it's currently trading around 1.082. However, the short-term uptrend of this pair remains uncertain. Technical analysis reveals that it's still trading below the EMA lines, with the EMA...
Hey everyone, let's dive into what's happening with EURUSD today! Last Friday, EURUSD wrapped up the week on a downtrend. But today, it's found some footing at the 1.080 support level, sparking a bit of a comeback with the current price hovering around 1.082 as it eyes a rebound towards the 0.5 - 0.618 Fibonacci targets. If it can maintain the 1.080 support...
Hello everyone! Today's gold price is showing quite a promising recovery, with an early surge of nearly 100 pips in the trading session. However, this uptrend is yet to be firmly established, facing numerous uncertainties as the prevailing direction remains bearish, influenced by various monetary policies at play. The immediate resistance levels that gold must...
Hello, savvy and affluent traders! What are your thoughts on XRPUSDT: The XRPUSDT chart reveals a successful breach of the downtrend channel, currently undergoing a minor adjustment to retest the breakout zone. I'm eyeing a buying opportunity in the marked area, setting sights on targets at 0.6700 and beyond as we continue to capture new highs. What about you?...