Gold continues its strong rally, surpassing the psychological threshold of $2,400 during Friday's Asian trading session. Looking at the chart, after surging to $2,415, Gold showed signs of slight decline, testing the SMA 20 zone at $2,384. However, political tensions in the Middle East are predicted to persist and sustain the upward momentum without...
As expected, EURUSD began to correct yesterday after a sharp decline, officially confirming a new low and pushing the pair up to 1.0678 in the early trading hours of Thursday! This recovery in the EURUSD pair is bolstered by renewed selling pressure on the US Dollar and a risk-friendly market environment. The focus remains on retreating to the 0.5 - 0.618...
Hello, BTCUSDT traders! Today, BTCUSDT continues its downtrend from the start of the week, currently experiencing a slight recovery around the $61,700 mark after dipping to a low of $59,700 yesterday. Despite this minor rebound, the overall trend remains bearish. In the short-term chart, our strategy continues to favor selling, as BTCUSDT has broken down through...
The political tension between Israel and Iran continues to escalate, propelling Gold prices to regain momentum and surpass the $2,400 mark in Friday's Asian trading session. If this tension continues to escalate, forecasts suggest that Gold prices could experience even stronger growth, potentially reaching the $2,500 threshold. Looking at the chart, we can...
Hello everyone, what do you think? Should we buy or sell BTCUSDT today? Currently, BTCUSDT continues to be stuck in a downward trend, showing little fluctuation and maintaining the same trading levels as at this time yesterday. The downward momentum remains dominant, and the outlook continues to look bearish with a breakthrough below the support level along with...
The price of gold has undergone a new wave of increase, surpassing the $2,400 mark in the Asian trading session on Friday following Israel's retaliatory attack on Iran. Based on technical analysis, we observe that the upward momentum of gold continues after crossing the SMA 20 line. The Relative Strength Index (RSI) trading above the 60 level indicates that the...
USDJPY today is recovering on the 1 hour chart, the price slowly slowed down the price increase and formed a reverse hand -held cup model. The price is currently in the range of 154.40 and is expected to decrease more after the model is completed!
GBP/USD is grinding higher on Thursday, trading around 1.246, still locked in a downtrend with the EMA 34 reversal yet to conclude. On the USD front, optimistic February retail sales earlier this week showcased a robust U.S. economy. This report sparked speculation that the Federal Reserve (Fed) might delay its easing cycle this year. Fed Chair Powell stated he...
The EUR/USD pair climbed to a higher level, reaching 1.0672 on Thursday during the early Asian trading session. This uplift was reinforced by fresh selling pressure on the US Dollar and a risk-friendly market atmosphere. Investors are poised to monitor several key economic releases later in the day, including the weekly Initial Jobless Claims, the Philly Fed...
Hello everyone! Today's Asian trading session saw another uptick in gold prices, with the precious metal rebounding nearly $10 after a sharp decline triggered by yesterday's news. Once again, gold failed to breach the $2400 resistance level. While the overall trend for gold remains bullish, it has retraced during the past week. Looking ahead to today, gold may...
Gold prices are making a modest recovery during the Asian trading session after finding renewed demand near the $2,380 level. The metal is capitalizing on a softer risk environment and the sustained dip in U.S. Treasury yields, despite recent hawkish comments from the Fed. Currently trading near $2,380, the daily chart suggests that the downward trend might...
Gold prices surged past the $2,400 mark following Israel's retaliatory strikes on Iran, igniting a global shift towards safe-haven assets and a rush into gold, the ultimate refuge. Risk assets have been significantly impacted as risk-averse sentiment flooded into Asian markets on Friday, propelling gold up nearly $35 in early trading hours. With the $2,400 level...
Hello, dear friends! Let's dive into today's gold price dynamics together! Last night, gold underwent a significant adjustment. The precious metal's price sharply declined as fading expectations for a U.S. interest rate cut overshadowed the demand for safe-haven assets amid escalating tensions in the Middle East. On the analysis chart, gold traded around $2365...
Hello dear friends, after a brief dip last evening, gold is back on its quest for new highs. So far in today's trading session, gold is making another push to surpass the $2,400 barrier, buoyed by a fresh decline in the U.S. Dollar and persistently low U.S. Treasury yields which favor the non-yielding metal. As such, gold may continue to find demand as a safe...
SOLUSDT remains a short-term sell on the 1-hour chart, as the coin continues to benefit sellers while trading below the EMA 34 and 89 lines, nestled within a downtrend. There's an anticipation of a further price drop as SOLUSDT prepares to potentially break out from a descending wedge pattern. Should it touch the EMA 34 again and breach its current support level,...
BTCUSD continues its downward trajectory on the 1D chart today, as short-lived recoveries give way to more pronounced bearish momentum. On the chart, BTCUSD is revisiting the EMA 89 line, also approaching a key support zone in this area. There is potential for a corrective bounce from this defensive position, but certainty remains elusive as bears may target this...
Today, XRPUSDT is poised for a subdued trading session as the Bollinger Bands tighten, signaling the anticipation of a new directional move. Currently, there's a mild recovery underway, yet it remains capped within a longer-term downtrend. I maintain my stance on this cryptocurrency, expecting a continuation of the downward trend once this period of sideways...
Despite the adjustment of the US Dollar, the yield of US treasury bonds decreasing, and escalating political tensions, the price of gold failed to sustain its recovery and once again declined to the vicinity of 2,350 USD. However, it rebounded, trading around 2,370 USD during Thursday's Asian trading session. Based on technical analysis, on the 1-hour chart, the...