Why would Gold prices go down? Sticky Inflation: Sticky inflation refers to a situation where prices do not adjust quickly to changes in supply and demand or changes in the broader economy. In this context, if inflation remains persistently high despite efforts by the Federal Reserve (the Fed) to control it through interest rate adjustments, it could be...
Traders, casting our eyes over to the Gold market, the XAUUSD chart on the 45-minute timeframe is showing us an interesting narrative. We've seen a break in the descending trendline, which previously connected the highs, suggesting that the correction phase of wave (4) could be complete. The price action has stabilized, hinting at accumulation before the next leg...
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The DXY has made a bullish reaction off the pivot and could potentially bounce higher towards the 1st resistance. Pivot: 105.52 1st Support: 105.08 1st Resistance: 106.29 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable...
Hello hello everyone, I see a potentially nice trade forming on NZDUSD. A possible 500+ pips to be had as a swing position. As you can see, my bias is bearish. I believe we will target the Relative Equal Lows below. I would have to see price start to move lower in the general vicinity of the illustrated path lines. If I don't get an entry in that area, then I...
] USDCHF is trading in a strong bullish trend on a daily. The price is currently testing a key horizontal resistance. I am waiting for its breakout - a daily candle close above, to buy. Bullish violation of the underlined blue are will give us a strong bullish signal that will push the prices at least to 0.92 level ❤️Please, support my work with like, thank you!❤️
The Dollar moving really nice! Price is very close to our $108 (Wave 2) target. Using this DXY long analysis, you'd know to short the XXXUSD markets.
Technical analysis of EURUSD ahead of important US Fundamentals. Price action, key levels analysis. Potential scenarios. Trading recommendations. ❤️Please, support my work with like, thank you!❤️
In Dollar terms. We have analysed the FTSE100 #UKX the GBPUSD and UK Housing on a big time frame scale before. Here we have the FTSE 100 and the UK companies which have pricing power versus #Sterling which we know is heading to sub $1 As we have expectations of the #GBPUSD to target 0.71 in a head and shoulders target close to a 50% drop from current...
As we discussed on the yesterday's live stream, Dollar Index broke and closed below a key daily structure support after a consolidation Retesting the broken support, we see a positive bearish reaction to that. It makes me think that the market will drop lower. Next support - 105.2 ❤️Please, support my work with like, thank you!❤️
Hello, fellow traders! I'm taking a long position on XAUUSD, and here's my analysis based on Elliott Wave principles. As we can see on the chart, the price action has recently completed what appears to be a corrective pattern, potentially ending the fourth wave of a larger impulse sequence. After a substantial decline, I've spotted signs of exhaustion as the price...
Traders, As stated in my video on Sunday, all charts/indexes that we have been tracking and utilizing as leads for our crypto price predictions are still right on track. A quick review (left to right) shows: - The dollar has found support and, if my overall thesis is correct, could bounce here and travel up to that 107 target before dropping from our bearish...
Hi Traders ! On Tuesday 16 April, The USDCAD Reached The Resistance Level (1.38088 - 1.38549). The Price Formed a Head and Shoulders Pattern. Currently, The Neckline is Broken ! So, I Predict a Bearish Move 📉 TARGET: 1.36300🎯
Top-down analysis for Dollar Index. Price action after US PMI report. Important key levels. Potential scenarios. ❤️Please, support my work with like, thank you!❤️
The latest Elliott Wave analysis on XAUUSD points to a SHORT trading opportunity. After completing an upward wave (b), the pattern suggests the formation of a bearish wave (c), which could potentially lead to a new low beyond the termination of wave (a). The price has begun to decline sharply from the peak of wave (b), signaling the start of what might be an...
Hi Traders ! After a Huge Bearish Move, The GBPUSD Broke The Support Level (1.24150 - 1.23740). This Key Level Becomes a New Resistance Level ! So, I Predict a Bearish Move 📉 ------------ TARGET: 1.22310🎯
I was down in Mexico over the past week and most people were commenting about how weak the dollar was against the Peso. While I was there, the dollar made a move from the low SWB:16S to $18. Most people kept saying that if it gets to $18-$20, you should sell your dollars to buy more pesos, because the dollar will decline against the peso over the long term....
The financial markets of 2024 have witnessed a surprising resurgence: the unwavering strength of the US dollar. After predictions of a decline at the year's outset, the greenback has defied expectations, surging over 4% according to the Bloomberg dollar index. This unexpected power play by the dollar serves as a stark wake-up call for investors around the globe,...