Hello dear traders, In the global gold market on the daily timeframe, we are witnessing the price reaching its previous ceiling. Considering the strong upward momentum in gold, we expect it to break the resistance ahead. We have drawn two scenarios for the price movement of gold, and personally, I prefer the first scenario more, as I am looking for long setups in...
World gold prices increased slightly this morning with spot gold increasing by 8.3 USD to 2,028.9 USD/ounce. Gold futures last traded at 2,030.6 USD/ounce, up 8.4 USD compared to yesterday morning. World gold prices were adjusted up slightly as investors waited for a series of US economic data this week to get more signals about when to cut interest rates by the...
GBP/USD gained traction and advanced toward 1.2850 Soon Wednesday after closing the first day of the week virtually unchanged. Keep it for the buy The near-term technical outlook points to a build-up of bullish momentum.
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity CHFJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Crude oil moves above $75.00 The price of Crude oil is moving above $75 to a high of $75.11 so far. The last time the price moved above the $75 level was on January 12 with the swing high reaching $75.24. The end of December highs reached to $75.66 and $76.18. Those levels are the next targets on the topside.
The US Dollar Index (DXY) is facing substantial buying pressure. A daily chart shows a third consecutive day with buyer highs and lows. This points to increasing buy pressure, while the DXY is bounce to hold ground above the very important technical levels in the form of the 200-day Simple Moving Average (SMA) at 103.47 and the 55-day SMA at 103.28.
EUR/USD Awaits ECB Meeting Amidst Shifting Market Dynamics The EUR/USD pair is registering modest gains, hovering near the 1.0900 area in the early European trading session on Monday. All eyes are on the European Central Bank's (ECB) upcoming January monetary policy meeting, scheduled for Thursday. As of the latest update, EUR/USD is trading at 1.0897,...
supply zones for short are 1.0945 & 1.0975, stop loss above 1.1000, target: 1.0815. Demand zone for long 1.0790, 1.0745 respectively, stop loss below 1.0725, target: 1.0945 & 1.0975 as well.
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Gold prices reversed and decreased because investors continued to take profits, as the market was preparing to receive new economic information, as well as preparing for the US Federal Reserve (Fed) to enter its first monthly meeting. 2024. Experts predict that the US economy is about to release its 2023 report, with good growth expected and stable employment....
USDCAD Best level for selling the market. Already broker with support level and start go down. USDCAD SELL NOW AT 1.3431 TAKE PROFIT 01 : 1.3349 STOP LOSS 1.3510 Please follow a sensible and responsible money management strategy when trading. You should never invest money that you cannot afford to lose. Risk 3% of capital
EURJPY Sell opportunity 160.41. Confirmation after the breakout support level. If didn't breakout support EURJPY will reach to 4H resistance level 163.74. The support level is 4H 157.74. Wait for confirmation.........
DXY 1D General outlook Technical Analysis Expected Move Confirmation After the Breakout consolidation Currently running with 4H resistance level. Still didn't breakout and tried to pull back to D1 Support level 99.521. USD will be down next week.
XAUUSD 1H Classic bullish formation trading type should be swing Trade. Analyze recommends opening a buy order at 2029.00 and one more buy limit of 2024.00. Target should be 2035 - 2040 - 2050. And stop Lost 2016.00. Use proper money management.
Big support zone coming on EURAUD. I expect a move up from here. Let me know what your outlook is on EURAUD!
By re-examining the gold chart in the 4-hour time frame, we can see that the price started to fall from the 2017.5$ range after the analysis I presented and corrected up to 2007$! After that, the price faced buying pressure again and is currently trading in the range of $2020, and the closest supply range to gold is $2023 to $2026! Other assumptions of the...
World gold prices reversed and increased sharply with spot gold increasing by 27.1 USD to 2,022.4 USD/ounce. Gold futures last traded at 2,025.1 USD/ounce, up 18.6 USD compared to yesterday morning. Developments in the Middle East boosted safe-haven demand for gold on Thursday (US time), helping gold escape its previous five-week low under pressure from changes...
During the early Asian session, gold experienced an increase, signaling a probable technical upward correction following a 1.15% decline in the front-month Comex gold for January delivery on Wednesday. According to Daniel Ghali, senior commodity strategist at TD Securities, robust buying activity in China is bolstering gold prices. In a recent research report,...