Hello dear friends! Today, gold is on the rise again, well-protected as the bulls successfully maintain prices above the $2300 support level. Gold has climbed nearly 150 pips from the same time yesterday and is currently hovering around the $2335 mark, near the EMA 34 and 89 lines. The short-term trendline continues to favor buyers. As long as the $2300 support...
Today, BTCUSDT continues its recovery from last week's tumultuous conditions. The price has been moving steadily within a trading channel and showed a notable bounce after touching the lower boundary. The immediate goal appears to be a continued recovery, with buying strategies being emphasized as BTCUSDT aims for the upper limit of the parallel channel,...
Hello everyone, gold continued its recovery during the last trading session on Friday, with the metal trading around $2340 USD and marking a 0.3% recovery for the day. This resurgence was driven by last night's downturn in the USD, which provided momentum for a recovery in XAUUSD. In the short term, this metal continues to receive support from investors as it...
Hello dear friends, let’s recap last week’s gold prices and strategize for the upcoming week. Overall, last week gold saw no startling fluctuations, adjusting downward from $2400 to $2338. This decrease followed a cyclical pattern in gold’s movement and was within expected trading behavior, so there's no immediate cause for concern about this metal. In the last...
Hello everyone, what are you thinking about BTCUSDT? Today BTCUSDT continues to trade stably around $ 64,400 and there is not much change in price compared to yesterday. Accordingly, this coin is still in the trend that is beneficial for the seller when it has not been able to overcome the $ 64,500 resistance as well as the EMA 34, 89 still producing discount...
Hello everyone, what are your thoughts on the current situation with EURUSD? This currency pair is currently trading steadily above 1.070, and the recovery has continued until Friday, making last week completely favorable for buyers. From the daily chart, the price has reached the 0.618 Fibonacci retracement level, which is a sensitive price point at this time....
Hello everyone, what are your thoughts on the recent movements of USDJPY? Currently, the USD/JPY pair is experiencing a significant uptrend due to the substantial interest rate differential between the United States and Japan. With the Federal Reserve (Fed) setting the Federal Funds Rate at 5.25% - 5.50% and the Bank of Japan (BoJ) keeping its interest rates...
Hello everyone, today SOLUSDT continues its decline. The coin is currently trading around $144.10 and has completely exited its upward channel. As a result, we will continue our selling strategy based on factors and signals from the EMA 34 and 89 lines. We anticipate another selling opportunity when the price reaches the EMA 34, which is around the resistance...
A deeper understanding of market behavior towards Bitcoin indicates a shift in momentum. The focus on speculative trading with this asset has decreased. Current market sentiment is reflected in the technical analysis revealing a "death cross" in Bitcoin’s 12-hour chart, where the EMA 34 and 89 lines are converging, traditionally signaling a potential price...
SHIBUSDT today continues to prioritize selling when it breaks the support level as marked on the chart and transferred it into a new resistance level from the formation of the three -peak model. It is expected to continue to sell in the market trend as long as the price has not overcome the current resistance
After the release of the US GDP figures for the first quarter of 2024, the gold market experienced a strong price surge, surpassing the $2,330 threshold, paving the way for recovery. Currently, the price of gold is stable around $2,335, with short-term forecasts still optimistic towards buying pressure. Prospects are aimed at the psychological milestone of...
Hello everyone! Yesterday, after the PCE news release, EURUSD experienced a slight drop in price. Currently, this currency pair is pausing its trading activities around 1.069, ending its short-term uptrend at the 1.070 threshold. Looking ahead, it seems EURUSD might undergo further adjustments according to Dow's theory, as it has already tested the resistance...
The EUR/USD pair edged lower in the Asian trading session on Friday, moving away from its two-week high around the 1.0740 level touched the previous day. Currently, the spot price is hovering around 1.0740 in the European session and remains dependent on the price fluctuations of the US Dollar (USD) ahead of key data releases from the United States. Based on...
Hello everyone, after experiencing a decline of about $90/ounce in the first two sessions of the week, the global gold price has slightly rebounded, reinforcing the belief that the $2,300/ounce level is quite solid. This supports the view that the recent drop was an opportunity to buy for the long term. Global gold prices have remained high as investors continue...
Hello BTCUSD traders, what are your thoughts on the upcoming trend for BTCUSD? From a technical analysis perspective, this cryptocurrency has been moving sideways in the long term with a support level around $60,000. However, what might happen if the bears break this support and also breach this box pattern? A significant drop could occur, potentially taking...
Gold has surged to an astonishing level, nearing $2,350. Gold prices are struggling to attract any meaningful buyers amidst the emergence of new USD buying pressure. Betting on the Fed's likelihood to maintain higher interest rates for a longer period amid challenging inflationary conditions is expected to bolster USD demand. From a technical standpoint, despite...
Hello warriors! Today, BTCUSDT is showing signs of a slight decrease. On the 1H short-term chart, it has broken below the $64,500 support and the EMA 34 and 89, reversing the trend and creating favorable conditions for the bears. Therefore, our priority will be to sell, targeting profit-taking around the $62,000 - $61,800 range once the current accumulation phase...
Hello dear readers, What are your thoughts on today's gold prices? Currently, gold is trading around $2,318 per ounce, reflecting a slight decrease of 0.17% within the day, with a nearly $5 drop at the time of writing, and it remains on a downtrend. This precious metal has seen a significant decline following profit-taking actions from investors as it failed to...