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 everyone! Today, gold prices are trading near $2400, reversing from a five-day high of $2418 achieved earlier in the Asian session. Despite a slight pullback, gold remains on track for its fifth consecutive week of gains. XAU/USD has regained momentum, approaching the $2400 mark and indicating some short-term consolidation. Technical indicators have...
Today, gold prices continued to rise sharply on the last trading day of the week, increasing by nearly $35 to reach a peak of $2418 before settling around $2410 at the time of writing. The momentum behind gold's rise remains intact after it rebounded from the 34-day EMA line, with technical factors still supporting the price. Many believe that gold is being...
Hello dear friends, during the early hours of the last trading session on Friday, gold prices surged by $35, once again surpassing the $2400 resistance level. However, this upward trend could not be sustained, and prices quickly retreated to stabilize around the $2390 mark at the time of this writing. This marks the second rapid ascent and subsequent decline for...
If you haven't already purchased SPY after the 2023 forecast: forecast:https://www.tradingview.com/chart/idea/l6U1M9dJ/ then it's important to be aware that there's a significant bearish divergence in the RSI of SPY, the S&P 500 ETF, which initiated at $469. Anticipating a technical retracement to $495, given its prolonged period of being overbought!
If you haven`t bought the dip on QQQ: Then it's important to understand that it's currently exhibiting a double top formation, known as one of the most bearish chart patterns, along with a substantial bearish divergence. I foresee a retracement soon, possibly to $416, but I still expect it to finish the year on a positive note!
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...
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.37000 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.37000 support and resistance area. Trade safe, Joe.
ETHUSDT continued its downward trend on Friday, with only a short-term recovery evident. From the 1-day chart analysis, the price has broken below the support level at $3171 USD. A pattern of lower highs and lower lows continues to form, and as long as the price remains below the two EMA lines, the outlook for further declines persists.
Take a look at our analysis for GBPCAD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.711. Considering the today's price action, probabilities will be high to see a movement to 1.716. P.S We determine oversold/overbought condition with RSI...
Take a look at our analysis for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 106.278. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 107.464 level. P.S Overbought describes a...
Take a look at our analysis for GOLD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 2381.676. Considering the today's price action, probabilities will be high to see a movement to 2431.527. P.S Please, note that an oversold/overbought condition can last for...
GBP/USD is rebounding towards the 1.2450 level in early Europe on Friday, after testing the 1.2400 mark. Looking at the chart, we can see an upward trend being established, with prices surpassing the simple moving averages (SMA), indicating the strength of the recovery. Additionally, the Relative Strength Index (RSI) is trading above the 50 level and is expected...
GBP/USD is rebounding towards the level of 1.2450 in early Europe on Friday, after testing the level of 1.2400. The GBP/USD pair still maintains its weakness due to the deepening geopolitical tensions, particularly following Israel's attack on Iran. Looking at the chart, we can see that the price is still maintaining below the SMA line, despite the recovery...
USD/JPY has stabilized around the 154.50 mark, recovering some of its losses from Friday. A report from Reuters revealed that an Iranian official stated there are currently no plans for immediate retaliation against Israeli airstrikes, easing geopolitical tensions. The US dollar gained momentum following hawkish remarks from Federal Reserve officials on Thursday,...
USD/JPY rebounded to 154.50 in Thursday's Asian trading session, after touching down to 154.00 due to the recent dip in the U.S. Dollar and concerns about potential foreign exchange intervention by Japan. A revival in risk appetite is currently bolstering the recovery of this currency pair.
During the early Asian trading session on Friday, the GBP/USD pair maintained its defensive stance around the 1.2430 level. The weakness in the British pound against the stronger U.S. dollar was influenced by robust U.S. economic data and hawkish comments from Federal Reserve officials, sparking speculation that the central bank may delay interest rate cuts until...
The significant recovery of the US Dollar (USD) has interrupted the EUR/USD's rebound process after it reached a peak around 1.0690 on Thursday. This currency pair declined below the 1.0640 level in Friday's Asian trading session. Based on technical analysis, the technical indicators are supporting the downward trend. The price of this pair is gradually...