Gold's on the rise again, hitting $2,352.5 early in Asia . The uptick's all about folks ducking into safe havens because of conflict worries. Eyes are peeled for the Fed's notes and the US inflation figures dropping later to get the scoop on where interest rates are headed. If March's CPI spikes more than we're thinking, it could shake up the gold scene. But if...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85450 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85450 support and resistance area. Trade safe, Joe.
The price of gold (XAU/USD) is currently in a stable uptrend on Tuesday during the Asian trading session, fluctuating around $2,350, near its previous high. The Fed's delay in cutting interest rates could potentially increase US bond yields and strengthen the US Dollar, impacting gold price movements. From a technical perspective, the Relative Strength Index...
The Euro is still fluctuating around the 1.0850 level, constrained by support and resistance levels. Looking at the 4-hour chart, signs of price increase are still evident at the current moment. EUR/USD is expected to encounter the highest initial resistance level so far in April at 1.0885, and then continue to rise to higher levels. The price remains above the...
EUR/USD started the new week on a strong note, bouncing back to the 1.0860 area after Friday's dip. Market sentiment remains optimistic despite reduced bets on a June Fed rate cut, while the 10-year US Treasury yield hit a 4-month high at nearly 4.43%, reflecting shifted expectations for Fed rate cuts later this year. Despite strong US Non-Farm Payroll data...
The price of gold is gently declining below $2,350 in Wednesday's Asian trading session, following its new record high of $2,365 on Tuesday. Gold traders seem to have pocketed profits after a relentless rally and ahead of the highly anticipated release of the US CPI inflation data. On the 4-hour chart, overbuying pressure has begun to weigh on XAU/USD. Technical...
The Gold market has experienced some fluctuations in recent days. In Wednesday's Asian trading session, the price of gold saw a slight adjustment as it dropped below the threshold of 2,350 USD, after reaching a new record high on Tuesday at 2,365 USD. Looking at the chart, we can observe signs of price correction towards a retracement, followed by a short-term...
Hey there, trading warriors! 🌟 Today, gold's ascent continues, with its long-term bullish trend still receiving hearty applause. Currently, this precious metal is gracefully navigating around the $2342 mark in the early hours of Tuesday. The stage is set for the bulls to keep their strategies shining, as the price confidently struts above both the EMA 34 and 89....
Hey everyone, what's your take on today's glittering gold market? Gold continues its bull run into Tuesday, cruising around the $2356 mark, boasting an impressive surge of about $17, roughly equivalent to a 170 pip climb. With gold having shattered its previous resistance levels, predicting its next move is more art than science, hinging largely on market...
After price broke structure with momentum, it was an indication it was still maintaining its overall bullish trend. It preceded to retrace and form internal range liquidity above our establish golden zone that it could use to fuel its move to take out the latest weak high and continue with the bullish trend.
Buyers keep dominating the market after price dropped lower to 17977. A buy opportunity is envisaged from the current market price. Technically, we also identify the formation of symmetrical triangle structure which Indicate a possible buy opportunity after the retest is completed.
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In general, USD/JPY is still in an upward trend, but in the Tuesday's US trading session, the price began to decline to the level of 151.75. This may indicate short-term volatility in the market. Based on technical analysis, we can see that the price has broken through the SMA 20 and SMA 50 moving averages. This suggests that the short-term downward momentum may...
USD/JPY began to retreat after reaching a high of 152.00 in Tuesday's US trading session, bringing the pair down to 151.75. This adjustment followed comments from BoJ Governor Ueda. On the chart, technical indicators have shown signs of support for the downward trend. Specifically, prices have broken through the SMA 20 and SMA 50 moving averages, indicating a...
Hello,Friends! EUR/JPY pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 2H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 162.282 area....
Hello,Friends! EUR/AUD pair is in the downtrend because previous week’s candle is red, while the price is obviously falling on the 2H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.661 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely....
Ethereum (ETH) recently experienced a significant bounce off the $3k psychological demand zone. A precise rebound observed at $3054, which coincides with the 161.8% Fibonacci retracement level. Such price action strongly suggests a potential continuation of the long-term uptrend trajectory for ETHUSDT, with a target set at $5238. Should ETHUSDT reach this price...
Take a look at our analysis for GOLD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 2338.077. The above observations make me that the market will inevitably achieve 2383.592 level. P.S The term oversold refers to a condition where an asset has...