Hello dear traders! The XAUUSD correction continues to build. The price broke through the $2356 support level as we expected as measured by the 0.5 Fibonacci. The price quickly dropped to 2,300 USD and stalled above this level for a few hours. At the time of this article, the price was trading stably at 2,309 USD, marking a decrease of 0.75% on the day. It is...
Today, XRPUSDT is poised for a subdued trading session as the Bollinger Bands tighten, signaling the anticipation of a new directional move. Currently, there's a mild recovery underway, yet it remains capped within a longer-term downtrend. I maintain my stance on this cryptocurrency, expecting a continuation of the downward trend once this period of sideways...
Hello dear traders! Overall, GBP/USD remains vulnerable near 1.2400 early Friday, at a five-month low. UK Retail Sales data was mixed and added to the pair's weakness. Risk aversion when escalating in the Middle East puts this couple at a disadvantage. Given the fundamental backdrop, traders expect just two rate cuts from the Fed instead of the expected six by...
Hello everyone, this is Maximilian! Currently, BTCUSD appears to have recovered significantly thanks to strong support from investors at the price of $61,000. In addition, the successful overcoming of the EMA 89 moving average has also contributed to promoting the growth of this currency. Through observation from the 4-hour chart, it is clear that the market is...
Greetings Traders! We've just witnessed a bullish market structure shift, signaling a potential upside move in price, aiming to reach the H1 buy stops, followed by a target towards the daily bearish order block. Stay tuned for updates as the scenario unfolds. Firstly, I would like to see price draw into the m15 bullish breaker where we can look to enter a...
SOLUSDT trading strategy for today: SOLUSDT is currently continuing its consolidation after hitting a high of 155.85, with a slight decline of 0.62% on the day. Despite the price decrease, the price uptrend is still maintained stable within the 2-hour time frame. On the short-term side, the support of the bulls is still very strong, as shown by the EMA lines 34...
Hello all dear traders! Overall, as expected, the gold market quickly retreated from the $2,400 level, losing a loss of $65 in just one day. It can be seen that gold today touched the 2300 USD mark but it quickly bought back the decrease, recovering 10 USD in this period. It is currently trading at $2310. So what are the reasons and factors that cause gold...
Hello dear traders! Let's discuss and strategize our new day! Overall, XAUUSD experienced a significant pullback today with the price falling above the $2380 and $2365 support levels as mentioned earlier. It is currently trading steady at $2,358, marking a loss of 1.38% on the day, and the downtrend remains popular with investors. Personally, I still maintain my...
Greetings Traders! Currently, GBPUSD exhibits strong bearish sentiment , marked by consistent draws on liquidity to the downside. We've recently retraced to a point of efficiency, effectively covering the inefficient price movements from the previous volatile downside move . Notably, we've interacted with a m15 bearish order block , with price action ...
Hello everyone, let's explore the gold price developments for the new week! As the trading week opened, gold quickly adjusted downwards, losing nearly $23 in the first few hours of the Asian session. Currently, the price of gold stands at $2369, and it is forecasted that in the short term, the metal may continue to adjust downwards after reaching the trendline...
Hello everyone. As of this writing, XAUUSD has declined by $35 in the early hours of Monday, currently fluctuating around $2356 with the outlook of further decreases in the short term. From the charts, gold is under bearish control after breaking through two support levels. It's undergoing a correction following a strong price increase last week, beginning to...
Hello friends. Gold price at the beginning of the week just touched 2,370 USD, marking a decrease of 0.93% on the day but at the same time a marlin is gradually forming. Theoretically, the price should break the support, which would constitute a false break at $2361. The H4 setup shows strong resistance from the market, with the current trend a price increase...
Hello dear traders! Overall, after a long period of sideways movement, GBPUSD has experienced significant volatility as it exited the sideways channel and fluctuated below the low, currently trading at 1.2431. It can be seen on most timeframes that GU is maintaining below the lows after a long period of sideways movement and settling above the highs, suggesting...
Hello everyone. Gold prices extend pullback as Middle East worries ease US dollar weakens amid upbeat mood, despite recovery in US Treasury yields. Gold prices target $2,350 on sustained break below $2,370 on 4-hour chart. On H1, the $2350 support level is formed and it seems that the market maker is trying to rally the price back up, testing the breakout...
Hello dear friends trading BTCUSD! Let's discuss and strategize for the new day! The growth for BTCUSD continues to build. At the time of writing, the cryptocurrency market is trading below the $66,500 barrier. The uptrend is very strong as it is also at a high level with stable trading activity on the 4 hour time frame. Exiting the downward parallel channel has...
EUR/USD is flat at around 1.0650 to start the new week. The pair's short-term technical outlook suggests a lack of directional momentum. In the absence of high-level data released, risk sentiment could weigh on US Dollar (USD) valuations and drive the pair's action. Early Monday, U.S. stock index futures rose between 0.3% and 0.5%, reflecting improved risk...
Hello dear friends! Breaking out of the bullish channel pushed the pair significantly negative. Overall, the EURUSD downtrend continued last week. Strong support at 1.0755 failed to turn the EU around and the downtrend continued to persist. The EU has now paused trade at 1.0652, marking a 0.08% gain on the day. The trend from last week was mostly consolidation...
Dear friends, world gold prices are on a downward trend, marking a decrease of 21 USD in the first hours of the Asian session compared to last week's closing level of 2,392 USD/ounce. The world gold market last week fluctuated according to a familiar pattern. Gold prices continuously touched new highs thanks to being boosted by shelter demand due to fears of...