This week, international gold prices rose sharply from 2,163 USD/oz to 2,236 USD/oz, closing at 2,233 USD/oz. The increase is attributed to positive US economic growth in Q4 2023, although it slowed compared to previous quarters. Inflation is also decreasing, leading investors to anticipate interest rate cuts by the FED from June onwards. The forecast for March...
Let's thoroughly analyze this currency pair on the final day of the week to potentially open positions once the market resumes activity. 📊💰 In higher time frames, many currency pairs are currently consolidating without a definitive trend, but lower time frames reveal promising trends.🎯🕰️ On the daily timeframe, whenever we approached the downtrend line,...
Oil Chart Idea - 3-27-2024 Bearish for next few days/week IMO, It should retest the 0.382 (81.44 to 81.62) region and then goes back down to get liquidity from golden pocket (79.97 to 79.68).
Trading Plan for Friday, April 5th, 2024 Market Sentiment: Extreme volatility expected due to the recent selloff and NFP data release. Caution and adaptability are crucial. Important Note: Nonfarm Payrolls (NFP) was released at 8:30 AM (EST). Expect outsized moves and volatility. Avoid predictions, and look for failed breakdowns as potential trade entry...
Crude Oil set a new local higher high higher close on a daily, violating a key horizontal resistance. It opens a potential for a further growth to 89.0 resistance. I would suggest looking for entries after a pullback. The safest zone to watch is a demand zone based on a broken structure and a trend line of a rising channel. ❤️Please, support my work with...
The world gold spot price is around the threshold above 2,255 USD/ounce, up more than 18 USD/ounce compared to the transaction at the same time yesterday morning. Closing last night's session, the world gold spot price in the US market stood at 2,253 USD/ounce, a sharp increase of 21 USD/ounce, compared to the previous session's close. The world financial market...
The world gold spot price is around the threshold above 2,282 USD/ounce, an increase of more than 27 USD/ounce compared to the transaction at the same time yesterday morning. The world gold spot price in the US market stood at 2,282 USD/ounce, a sharp increase of 29 USD/ounce, compared to the previous session's close. During the session, there was a time when the...
Didn't post this weeks prep since last weeks was still in play but wanted to post an updated chart for a better visual of PA around the levels and structure we have been forming since last week. As mentioned we had this area under the Mean to fill out once we had the supply to do so, it took some time but we created the Supply for it and now are trading around...
Detailed technical analysis for WTI Crude Oil. Price action & important key levels. Daily/4h/1h time frames analysis. Bearish outlook explained. ❤️Please, support my work with like, thank you!❤️
Trading Plan for Thursday, April 4th, 2024 Market Sentiment: Uncertain, as traders weigh consolidation signs against the underlying bullish trend. Weekly Volatility Risk: High (consolidation phase, earnings, Fed uncertainty) Key Supports Support Levels: 5266, 5257(major), 5246, 5241 (major), 5235 (major), 5231, 5222 (major), 5212 (major), 5208, 5203, 5196,...
Standing at the weekend session, the world gold spot price was around the threshold of nearly 2,232 USD/ounce. Last week, world financial markets received a lot of positive information from the US economy. However, gold price only decreased in 1 session, the rest increased. One session increased to over 40 USD/ounce. At the end of the week, the world gold price...
After the holiday, world gold prices continued to increase rapidly. The main reason may be that central banks around the world continue to buy physical gold. Rising demand has directly impacted gold prices, pushing prices to record highs. One of the catalysts behind gold's strong surge is the growing optimism surrounding the US Federal Reserve (Fed)'s impending...
OANDA:XAUUSD Q2 TECHNICAL OUTLOOK Gold kicked off the first quarter of 2024 with solid gains, extending the positive momentum established in the latter part of 2023. During this upturn, XAU/USD soared to new all-time highs, decisively breaking past the $2,150 mark, and eventually reaching a peak of $2,235. While bullion’s technical profile continues to be...
Trading Plan for Wednesday, April 3rd, 2024 Market Sentiment: Cautious, price discovery after pullback in a strong uptrend. Weekly Volatility Risk: High (price discovery, earnings season, potential FOMC pivot implications) Supports to Watch: Immediate Supports: 5245-5242 (major), 5235, 5232 (major), 5219, 5210-12 (major), 5203 (major), 5190, 5183, 5175-77...
The world gold spot price is around 2,233 USD/ounce, a spike of 42 USD/ounce compared to the transaction at the same time yesterday morning. Closing last night's session, the world gold spot price in the US market stood at 2,233 USD/ounce, a sharp increase of more than 38 USD/ounce, equivalent to an increase of 1.74% compared to the previous session's...
Here is my latest structure analysis and important key levels to watch on WTI Crude Oil. Resistance 1: 85.20 - 85.85 area Resistance 2: 89.10 - 89.90 area Resistance 3: 93.75 - 95.00 area Support 1: 82.50 - 83.10 area Support 2: 80.00 - 80.60 area Support 3: 76.80 - 77.80 area Support 4: 75.50 - 76.20 area Consider these structures for pullback/breakout...
Trading Plan for Tuesday, April 2nd, 2024 Market Sentiment: Cautious, tactical trading within a range, price discovery in the context of a strong uptrend. Weekly Volatility Risk: High (price discovery in a new zone, potential chop) Supports to Watch: Immediate Supports: 5294, 5286 (major), 5278-80 (major), 5274, 5267 (major), 5262, 5256, 5249, 5243-46...
In Q1, two central banks that have previously used negative interest rates made surprising decisions. The Bank of Japan exited negative rates, while the Swiss National Bank (SNB) unexpectedly cut their benchmark interest rate. The SNB may continue to ease further due to low inflation forecasts and weak growth. In contrast, the Fed wants more confidence in...