Last week, sellers firmly controlled the market. Buyers attempted to defend March's low, but the bears left them no chance. Prices consistently declined for six consecutive days, with the futures chart ( CME_MINI:ES1! ) appearing even more bearish. We are now approaching a critical juncture, which presents a significant opportunity for buyers to take a stand....
We're eyeing a short opportunity on XAUUSD around the $2355-2360 range, where the price is expected to encounter resistance. This level coincides with the Fibonacci 0.50 retracement level, a key trendline test, and upcoming PMI news, suggesting a potential reversal. Heightened geopolitical tensions further support the bearish bias. Stay tuned for detailed analysis...
Amidst prolonged tensions in the Middle East, global gold prices have surged, defying expectations despite robust economic data from the U.S. The sharp rise in gold prices comes as Israel signals readiness to retaliate against Iran's attacks, disregarding calls for restraint from Western nations. In the face of escalating geopolitical tensions, global gold prices...
Stay ahead in the gold market with our latest analysis! Gold prices are holding strong around $2385, with potential to breach the $2400 mark amidst escalating tensions in the Middle East. Geopolitical uncertainties drive investors towards gold, making it a safe haven asset of choice. Our in-depth analysis delves into market trends, technical indicators, and...
📊 Analysis: Market Movement: The market opened with a bullish tone, with BTC attempting to break through the top of the range support area at $66,000. Key Levels: Watch the 0.618 – 0.786 Fibonacci retracement level closely, spanning $68,000 - $70,000. Potential Scenario: A successful break above this level could lead BTC to retest the all-time high at...
Today, gold continues its upward momentum, eyeing the $2,400 milestone. Fueled by a weakening U.S. Dollar and subdued Treasury yields, gold remains a safe haven amidst global uncertainties. However, attention turns to Federal Reserve policymakers whose upcoming speeches may sway market sentiment. Stay tuned for key economic data releases and policy whispers...
At the end of last week, sellers confirmed weekly consolidation by closing below the previous week's low. From now on, bears have control over the price on the weekly timeframe. We should monitor the progression of weekly lows and highs to see when things start to shift, but until then, we should trust the sellers. It is also notable that if we look at the futures...
Short-term DXY Analysis: Navigating a Diamond Bottom 📈💎 The US Dollar Index (DXY) is a critical indicator for currency traders, reflecting the strength of the USD against a basket of major currencies. As of mid-April 2024, here's a concise analysis based on the current market scenario, recent technical patterns observed, and economic events: Diamond Bottom...
THE KOG REPORT: In last week’s KOG Report, we said traders must be aware of the conditions they’re trading, and markets are moving at extreme levels, we said would be looking for that sudden turn in Gold that may catch traders out. We gave the initial resistance level on the open of 2330-35 where we anticipated the first move down into support, this gave traders...
Nifty Short, Medium & Long Term View- 15-Apr-24 to 19-Apr-24 Nifty closed at 22519 (22513) and touched low & high of 22435 & 22782 Nifty touched new high last week and reduced 1 % due to global cues on last day. Global tension caused mild drop in last working day of market. Depends the situation market will react next week. Expecting a mild fall till 22000 and...
Last week was marked by the aggressiveness of sellers and the resilience of buyers. On Monday Buyers were ideally positioned for another break out but they didn’t have enough steam to accomplish it. Sellers, long awaiting their opportunity, pushed the price down, breaking the weekly support. However, they couldn’t develop this into something more significant, as...
⏳ Let's take a look at the analysis of the ADA coin and analyze it for our trading 📉 In higher time frames such as weekly, we have been experiencing an uptrend and have reached a significant weekly resistance at 0.7901. After hitting this resistance, we have undergone a deep correction so far, but we have not turned bearish yet in the daily time frame. 🔽 In the...
⏳ Let's analyze the USDCHF forex pair together. 📉 In higher time frames, such as the weekly chart, we are still in a downtrend, and we have recently reached the weekly resistance at 0.90935. ⏳ In shorter time frames, like the 4-hour chart, however, after a decent uptrend, we are currently consolidating within the range of 0.90077 and 0.90935. 🛑 For long...
Overview: XAUUSD (Gold/US Dollar) is currently experiencing a strong bullish trend, marked by consistent upward momentum and robust buying pressure. This bullish sentiment is underscored by the recent attainment of an all-time high price level. Key Indicators: Price Action: XAUUSD has been steadily climbing, forming higher highs and higher lows, indicating a...
Apple's innovation shown in iPhone 14 is not likely enough to entice consumers to stretch their budgets in the current macroeconomic environment 40% of Warren Buffett portfolio still belongs to Apple?! for most people and traders I think its a slow asset class and like Tim Apple! sorry Cook ,Warren like to play safe too Apple price showed a good reaction to 135...
📊 Market Overview: Recent Movement: The TOTAL cryptocurrency market capitalization has experienced a retracement from approximately $2.6 trillion to $2.35 trillion before rebounding briefly and encountering resistance at the $2.5 trillion level. Current Trend: Despite the bounce, there's a risk of further downside if the daily support line around $2.35 trillion...
Last week began with bearish consolidation, which was short-lived. The bulls quickly regained control, established a daily higher low, and broke through the previous week's resistance at 524.1 . Although the breakout was not very strong, it was still meaningful. The March close was very strong, posting a +3% gain, and both weekly and daily charts are indicating...
All major sectors are strong, confirming SPX strength. There are minor signs of weakness on some charts but nothing serious yet.