Ralph Benjamin greets everyone! Currently, the price of gold is struggling to attract any meaningful buyers in the context of purchasing new USD. Betting that the Fed will maintain higher interest rates for a longer period of time in the face of challenging inflation will help revive the demand for USD, thereby allowing short sellers to expect some selling waves...
Introduction - This is closure for binary forecasting for the people who follow it. Consider this draft as clarification for these two months as it relates to the standing long term forecast in Rumors of a Pivot, Part 3: Details - These are two most likely routes to June FOMC. In theory, whatever ultimately happens should be simple variations of these two...
Gold looks extremely bullish in the short-term and also in the long-term. 5000 USD or 10000 USSD in the next few years is definitely very likely, but right now let's focus on the short-term price action. We can see that GOLD is in a strong uptrend, and we can use a simple trendline tool to measure its strength. The price respects the blue trendline pretty...
Hello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price some time ago rebounded from the support line, which coincided with the 2305 support level and buyer zone and started to rise to the 2380 resistance level. When the price reached the 2380 level, it soon broke it and rose to the resistance line, but then Gold...
Hello,Traders! SILVER is trading in a Local downtrend and the Price has formed a bearish Flag pattern so IF we see A bearish breakout then We will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Preferred direction: SELL Comment: The long-awaited meeting of the Bank of Japan took place, at the moment it is best to focus on technical analysis. Previously, we published two scenarios where scenario №2 is already active. Everything is unchanged here and most likely near the level of 157 , we can expect a fall with a target at the level of 153.222...
Gold rebounded to above 2340 in the short term, which looks very strong. However, from the perspective of the entire rebound process, although gold has continued to consolidate the bottom during the rising shock, it has provided solid support for gold's rise. However, judging from the overall rebound strength, gold is currently not enough to form a reversal trend....
Natgas is again approaching the usual support level around 1.613. I think we can't go any lower than that, so it might be worth taking a long position. The lowest possible can be 1,566.
The US dollar surged on Wednesday due to higher-than-expected US inflation numbers. This led to USDJPY reaching new highs for 2024 and its strongest level since 1990. The March Consumer Price Index report showed persistent inflation in the North American economy, reducing expectations for a June FOMC rate cut. Headline CPI increased by 3.5% YoY, surpassing...
XAU/USD is facing resistance, indicating potential selling pressure. Day traders may consider short positions near resistance, targeting support levels. Monitoring price action and volume is key for confirming the selling pressure and managing risk effectively. Setting stop-loss orders is important to protect against potential losses. Entry: 2345.61 Sl:...
Tell the strategy directly Today's callback continues to be dominated by lows and longs. as the picture shows; In the short term, let’s look at the adjustment first. The support level below is near 83. You can buy long at this position, and the upper target is around 85-85.6. In trading, you can go short first and then go long, and the long position is the...
Preferred direction: BUY Comment: The previous trading idea for the Australian dollar was successfully closed with a profit. At the moment, the US dollar continues its downward correction on almost all fronts. We expect further growth for this pair, but of course it will be more limited than before. In our decisions, we are tied to the support level of ...
Gold (XAU/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 2,342.54 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 2,359.96 which is a pullback resistance that sits above the 50.0% Fibonacci retracement level. Take profit is at...
FX:XAUUSD is forming a sideways range and continues to test a strong resistance area. Bulls and bears continue to fight and still cannot share a strong area. Possible shake-up. Gold is in the active phase of the correction, which started as early as last Friday and we were ready for it. The price is already down 5.7% from the high and most likely this is not...
The corn market is buzzing with positive signals today , promising strong profit potential for investors. Our assessment is spot on as corn prices are exhibiting a robust recovery trend. Across all key timeframes - 4 hours, 1 day, and 1 hour - the upward trend is evident, presenting golden opportunities for investors to seize. Particularly noteworthy is the...
By checking the gold chart in the 1-hour time frame, we can see that yesterday the price corrected to about $2312 and then it came back with the demand and was able to grow up to the next supply range, i.e. $2332 to $2343, and then again It was accompanied by a heavy drop to $2305! As you can see, the price has entered the desired supply range for the fourth time...
The US Dollar Index is entering accumulation and recovering after 2 days of decline, making gold priced in US Dollars less attractive thanks to direct correlation. The near-term appeal of the precious metal remains weak as tensions in the Middle East ease and safe-haven demand weakens. The gold market has been less affected by the escalating conflict in the...
We have an entry on the top already and holding serveral days. Now we may have another opportunity to have another entry at the sub-wave 4 for short tern Let's observe it.