Ralph Benjamin hello everyone! After a price increase that brought gold past the 2,400 USD/ounce mark, the world gold market was under pressure to sell off and entered a consolidation period. However, according to commodity investor Dennis Gartman, this precious metal still has a lot of upside momentum. Most likely, the price of gold could rise to 2500 USD and...
Hello all dear traders! Let's discuss and strategize for the new day with me! As Ralph Benjamin mentioned in his previous analysis, GBPUSD is currently in a corrective recovery phase, receiving strong support at 1.2400. Currently GBPUSD is trading stable at 1.2440. It seems like GU is trying to recover after the previous strong correction. The H4 setup shows...
Hello, dear friend. EUR/USD is holding recovery mode near 1.0650 during the European session on Friday. A rebound in risk sentiment is helping the pair as the safe-haven US Dollar strengthens. Earlier today, reports of an Israeli attack on Iran spooked the markets. Looking ahead, relatively weak economic fundamentals in the euro area, coupled with the resilience...
Hello friends! Currently, BTCUSD is still stuck in a downtrend. Factors suggest that bearish momentum is still dominating the market, with the possibility of further strong price declines as prices break below support and remain below the 34 and 89 day moving averages (34 and EMA 89). This shows that the market is leaning towards sellers. Previous idea! In the...
Hello dear traders. Come discuss and strategize with me today! Overall, EURUSD is trading on negative fundamentals below the 1.0726 resistance mark. Currently, it is consolidating around 1.0624, with immediate support seen above the 1.0615 mark. It can be seen that on almost every time frame, EURUSD has leveled off after the previous sharp decline, this is...
Hello dear traders! Overall, XAUUSD is trading exclusively in a bull market. It has now leveled off after the market's previous surge in the growth channel, with a correction likely to test before further growth. The steady uptrend on the 1h timeframe remains stable suggesting a very positive bullish outlook with a continuation target at $2400. Accordingly, gold...
USDJPY today is recovering on the 1 hour chart, the price slowly slowed down the price increase and formed a reverse hand -held cup model. The price is currently in the range of 154.40 and is expected to decrease more after the model is completed!
The EUR/USD pair has recently encountered significant downward pressure, breaching key support levels. A double bottom pattern, a classic bullish reversal formation, has formed within the downtrend indicating a potential exhaustion of selling pressure. We can expect a retracement towards the broken support at 1.07257.
Ralph Benjamin, hello everyone! Thus, the price of gold plummeted, dropping 20 USD after just 30 seconds after the US inflation announcement, exceeding market expectations yesterday. Currently, in today's trading session, the uptrend continues, gold is currently consolidating below the $2250 barrier. The uptrend is strong as it consolidates at high levels with...
Hello dear traders! USD/JPY remained defensive below 155.00 early Wednesday, as the Japanese Yen received support from the risks of imminent Japanese intervention. A small decline in the US Dollar and US Treasury yields also weighed on the pair ahead of much Fedspeak. On the other hand, the US Dollar (USD) extended its recent upward trajectory and climbed to its...
Gold prices continue to climb today, driven by a heightened demand for safe-haven assets as tensions between Iran and Israel escalate, prompting investors to flock to the gold and U.S. dollar markets to protect their wealth. Despite the strengthening U.S. economic indicators and the rising U.S. dollar index—which raise concerns that the Federal Reserve (Fed)...
Gold prices took a dramatic plunge, dropping $20 in just 30 seconds following the U.S. inflation announcement, which exceeded market expectations. Inflation in March rose by 0.4%, surpassing the anticipated 0.3%, putting the Federal Reserve (Fed) in a tough spot regarding future monetary policy decisions. Inflation’s 0.4% increase in March, pushing the annual...
USD/JPY is experiencing a slight loss, trading around 154.65 in the early hours of Wednesday's trading session in Asia. The robust U.S. economy and challenging inflation data have sparked speculation that the Federal Reserve might postpone the start of its easing cycle to September instead of June, providing a layer of support for the U.S. Dollar. From a...
Hi everybody! Now, EUR/USD continued its losing streak for the sixth straight session on Tuesday, hovering near 1.0620 during Asian trading hours. Strength in the US Dollar (USD) puts pressure on the EUR/USD pair, possibly boosted by rising US Treasury yields. Additionally, stronger-than-expected Retail Sales data from the US raised expectations that the Federal...
Hi everybody. Nice to meet you again to discuss and strategize with you today! Overall, the movement of EURUSD completely meets my needs. After the head and shoulders formation, the price has broken out of the bullish and bearish channel up to now. It is currently in the process of recovering and consolidating above the 1.0600 level. With the possibility of wave...
Hello dear friends! Overall, XAUUSD continues to be supported by bulls. Mainly due to crises from the Middle East. It is currently trading steady around $2,384, up 0.06% on the day. Do you wonder why gold increased so strongly? Regarding international market information: Gold prices rose higher at the end of the North American trading session, up 0.22% following...
GBP/USD traded slightly lower on the day below 1.2450 during the early European session on Tuesday. Data from the UK showed that the ILO Unemployment Rate in February rose from 4% to 4.2%, putting pressure on the British Pound. Later in the day, Fed Chairman Jerome Powell will speak on the economic outlook and monetary policy. Investors will also closely monitor...
Hello friends! Currently, Gold prices are struggling below $2,400 early Wednesday after seeing a quiet close a day ago. Gold makes another attempt to regain the $2,400 level, as the US Dollar, following a slight pullback in US Treasury yields, awaits a new series of speakers from the US Federal Reserve. According to CME Group's FedWatch Tool, markets have placed...