Yesterday, the gold market experienced significant volatility, with prices falling below $2,400 and continuing to decline below $2,300 during Tuesday's Asian trading session. This decline was triggered by escalating tensions between Israel and Iran. Market participants are betting that the ECB will cut interest rates in June, with three rate cuts expected...
The gold market (XAU/USD) is facing strong selling pressure for the second consecutive day, dropping to near its lowest level in over two weeks, hovering around the $2,300 mark before entering the European trading session.
Despite overnight attacks on US forces in the Middle East, investors remain optimistic, believing that the conflict between Iran and Israel...
The Japanese Yen is currently receiving support from government intervention, but differing expectations from the Bank of Japan (BoJ) and the Federal Reserve (Fed), along with reduced tensions in the Middle East, have diminished JPY's role as a safe haven asset.
From a technical standpoint, indicators continue to signal an upward trend. The Relative Strength...
EUR/USD remains near the low of around 1.0650 in the European trading session on Tuesday. The modest recovery of the US Dollar (USD) has driven EUR/USD to continue its downward trend.
According to the analysis from the 4-hour chart, the downtrend of the EUR/USD currency pair seems to show signs of notable recovery. Anticipated that there will be a testing phase...
The price of gold has dropped to near the 2,350 mark in the European trading session, continuing its downward trend after breaking through the SMA lines in the Asian session on Monday. The prolonged decline in gold prices may be attributed to the increase in US Treasury bond yields, coupled with a subdued market sentiment following a weekend without any escalation...
EUR/USD continues to face downward pressure as it drops below the 1.0650 level during the European trading session on Monday. The renewed strength of the US Dollar does not allow this currency pair to gain traction, especially as focus shifts to the speech by ECB President Lagarde.
Chart analysis indicates that EUR/USD is continuing to approach support levels and...
Gold extended its downward momentum at the start of Tuesday's Asian trading session, dropping to 2,300, down more than 2% from Monday. The decline seemed somewhat contained due to speculation that major central banks would cut interest rates later this year.
From a technical standpoint, this sharp decline has brought gold prices to touch the simple moving...
As of now, gold is trading at 2329, with a notable resistance level observed at 2335. Should gold breach this resistance, traders may consider pursuing the following targets: 2341 to 2355.
Alternatively, should a sell pattern manifest, indicating a potential downturn, traders may anticipate the following support levels: The initial support rests at 2320, followed...
Again, the BTC 4 time frame shows a good Bullish Divergence, and if the above trendline breaks with good volume and the price trades above 63049.9$ and closes the candlestick, the price can break above the 64, 66, and 70k mark. Be patient until the RSI rises above the 50 level.
BINANCE:BTCUSDT.P
In the European trading session, gold continued to decline to near 2,350 USD after retreating during the Asian session on Monday. This persistent decline is attributed to the increase in US Treasury bond yields. Additionally, the political situation in the Middle East has eased, reducing concerns and the search for safe-haven assets like gold.
Looking at the...
Wheat is once again showing its bullish side and is taking the first upward step out of the sideways movement of recent weeks. In the further course, the price should now continue the blue wave (c) and complete the superordinate wave A in turquoise. Following this, we expect a sell-off. Within the framework of our alternative scenario, however, it remains 37%...
EUR/USD has experienced a significant momentum shift, surging above the 1.0650 level at the start of the European trading session. The short-term technical outlook for this currency pair indicates a gathering momentum for recovery.
On the 4-hour chart, we observe the price closing above both the 20-period and 50-period Simple Moving Averages (SMAs), along with...
We expect that the Home Depot stock will drop further until the current wave (B) concludes in our Target Zone (coordinates: $321.10 – $288.12). After the low is settled, we reckon with a bullish trend reversal, which is why our Zone presents an opportunity to take on long positions. It should be noted that it is also 29% likely for the low of wave alt.(B) to be...
- ICP Update -
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I am personally buying this coin within BUY area, Holding to target areas and potentially SWING TARGET.
My SWING TARGET for ICP for near future is +$150 - $250, this coin...
The British Pound is declining against the US Dollar following a day of volatile trading due to escalating Israel-Iran conflict. Leading figures from central banks, including the Bank of England (BoE) and the Federal Reserve, continue to make waves in the financial markets.
Overall, the GBP/USD currency pair remains within a downtrend channel. This is evidenced...
Overall, USD/JPY continues to maintain an upward trend. Looking at the chart, we can see that the upward trend is supported by technical indicators. Currently, the price is trading above the SMA lines, and it is expected to rise sharply in the near future.
The S&P500 dipped into our turquoise Target Zone (coordinates: 5025 – 4933 points) with its recent setback. The low of the turquoise wave 4 may have already been reached, but another downward move back into the Zone is still possible. If the index even falls below the support at 4864 points, the magenta wave Alt.(2) will head down into our next Target Zone...
