Last week, gold experienced a powerful price surge, reaching record highs and extending to today, with a leap to $2257 USD, up approximately $24 USD in the early hours of Monday trading. Gold is propelled by strong price momentum, benefiting from lower bond yields and a weaker USD. News of potential Fed rate cuts in the near future adds further impetus to this...
The price of gold has experienced a remarkable increase, with spot gold climbing by $29.9 to reach $2,280 per ounce. This substantial surge on April 2nd, in US time, has been propelled by the persistent demand for a safe haven amid escalating tensions in the Middle East. Despite the strength of the US dollar and forecasts of interest rate cuts in the US, the gold...
Reference order Entry point 65574 manage command 66209 stop loss 66662 Manage order 64667 closing 70% of volume target 64110
Price forms a higher high, but RSI forms a lower high. Subsequently, the price is expected to decrease. Important note: Bearish divergence at a peak often lasts longer than bullish divergence at a bottom. This is because peaks are driven by greed, while bottoms are driven by fear. Greed is an emotion that can persist over a longer period, whereas fear tends to be...
The long-term, medium-term, and short-term trends all point to a bullish trajectory for gold. As long as gold maintains activity above the confluence support of the upper channel line (b) and the 0.786% Fibonacci extension level, short-term upward potential remains intact. However, in the scenario where the $2,244 level is breached below, gold could undergo a...
In the realm of global finance, the Euro stands as a cornerstone, embodying resilience and complexity. As financial analysts, we delve into its depths, deciphering trends and unraveling the intricacies that shape economies and markets alike. The Eurozone, with its diverse economies, presents a fascinating mosaic of strengths and challenges. Our role as analysts...
The daily chart closing below the 66k mark suggests further potential downside, with expectations of a test towards 66k followed by a slight decline. On the H4 chart, a downtrend has formed, indicating an opportunity to align with the current trend by waiting for a price sweep IDM before considering opening short positions. During the ongoing downward...
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Bitcoin is looking for strong resistance to return it to test the 15,000 levels, so please be careful not to continue buying it because there are selling levels, and God knows best.
EURUSD experienced a significant pullback the previous day as the price broke above the 1.0760 level. As can be seen, it closed at the weekly candle low around 1.0729, after touching 1.0715, marking a deep decline. This is not only a signal of a change in market sentiment but also a strong sign of downward pressure on prices. However, I see RSI starting to...
On the chart, we can see retracement levels as follows: 0.7955 (23.6%), 0.7764 (38.2%), 0.7609 (50.0%), 0.7454 (61.8%), and 0.7263 (76.4%). Now, we expect that if the price of gold declines from its peak, it will encounter support at the mentioned Fibonacci levels because many traders will place buy orders at these levels when the price retraces.
In the realm of digital finance, Bitcoin stands as an enigmatic force, captivating minds and reshaping economies. Its genesis marked a revolutionary departure from traditional currency systems, heralding the dawn of decentralization. As the world grapples with economic uncertainties, Bitcoin emerges as a beacon of financial sovereignty, transcending borders and...
After yesterday's sell off market is trying to rally during ETH session. If traders can stay above yesterday's Close, we might get a bounce today. Level to watch: 5252.00 --- 5250.00 Reports to watch: US: EIA Petroleum Status Report 10:30 AM ET US: Jerome Powell Speaks 12:10 PM ET
Strong chart + solid fundamentals = rally Buy @ CMP Stoploss @ 20% 1st Target @ 50%
Not much change from yesterday's update. The Price went into range as suggested. Watching for a reversal to the upside, but unlikely I feel the market is heading down overall. As always keep a smartly set stoploss in place to protect your capital from the zigzags that happen across the chart whilst price anchors in to its sweet spot before continuing on trend
In the dynamic world of finance, the Euro stands as a pivotal currency, influencing global markets and economic trajectories. As a seasoned financial analyst, I delve into the intricacies of Euro trends to provide valuable insights into its movement and potential implications. At present, the Euro faces a myriad of challenges and opportunities. Geopolitical...
A strong bullish trend is evident in the gold market. The zone between 2177 - 2170 has solidified as a strong support level, previously serving as a significant resistance. There is still liquidity to be tapped into at the higher levels. Moreover, with the current economic context marked by uncertainties and global issues, there are ample reasons for the...