Hello friends, let's dive into what gold prices experienced last week and strategize for the upcoming one! Last week marked a pivotal moment for gold as it surged to an all-time high of nearly $2222 USD. Market news, particularly rumors about the Federal Reserve's interest rate cuts this year, played a crucial psychological role for investors, leading to...
Hello SOLUSDT enthusiasts, Today SOLUSDT has witnessed a notable dip, shedding 7.21% of its value, trading at $181.81 at the time of writing. Currently perched at a precarious support level, it may see a fleeting uptick in the short term, but don’t be misled; the bears seem to have the upper hand in the grand scheme of things. The next significant checkpoint,...
Hello EURUSD traders, let’s dive into today’s dynamics: The EUR/USD pair continues to face modest downward pressure, dipping to 1.0850 in the early European trading session on Tuesday. This is attributed to the renewed vigor of the USD, asserting a bearish trend that has dominated recent days. With the current rate at 1.085 and a daily depreciation of 0.2%, the...
www.tradingview.com On March 13, 2024, the price of gold might go down because it dropped from its recent high of 2195 to around 2150-2155 on Tuesday, and the candlestick closed in red, suggesting it might continue to decrease. So, it's a good idea to sell. Sell: Sell when the price reaches 2165-2166, aiming to close at 2153. Alternatively, sell at 2176-2178...
Gold trading strategy today: Gold after adjusting to 2015 USD earlier the last week quickly rediscovered the motivation around this level of support, currently precious metals are trading around the 2015 USD and the prospect of slightly increased in short. The reason for supporting gold prices today comes from external markets is the weaker US dollar index,...
Overall Analysis BINANCE:BTCUSDT The $43.5k-$44k has been a key level which Bitcoin has been rejecting from, and I shared this in our last video. It had several attempts at trying to break it until we fell to the downside. There are a few levels of support which we will be monitoring. I think one of the biggest support levels is going to be around the $41-42k....
Hello EURUSD traders, how do you feel about EURUSD going forward? -About the trend for this currency pair: currently EURUSD does not have many major fluctuations and is quite stable around 1.093. This is confirmed when the Bollinger Band indicator is narrowing to prepare for the next breakthrough move. -Talking about the breakout: EURUSD is limited below the...
Continuing to maintain a bearish outlook, Novaria is anticipating a drop in EURUSD due to concerns about economic recession in the Eurozone, which could limit the upward momentum of the Euro. Currently, the currency pair is still constrained below the 1.07 level, and our focus today will be on the release of the Consumer Price Index (CPI) report in the United...
This can be viewed as a prediction, but ultimately is a simple plan for emotional traders and investors, whos patience is sometimes a little bad. This chart can help you holding your coins easier by removing the Low timeframe noise and makes you focus on the coming 2 years. Small alterations can or should be made depending on High Timeframe price action. The...
NASDAQ:AAPL 1. Clear all drawings and indicators. 2. Got a fibo 0.886 level, price reversed at here (React Don't Predict). 3. Add BandofMidas from indicators. Use Midas factor of 9.( suitable for this chart) 4. Price fall into Midas zone and reversed. Midas line still in pink. Double confirmed. 5. Plan your trade, risk reward ratio. GO Long.
I’m expecting the week to start and take all of the liquidity above those highs (red dots). The volume of that move higher will be very important to take into consideration. The issue is, the week needs to make a new low and that fact alone will probably give bears an advantage from my POV. To make a significant low on the weekly, price will probably have to...
Hello comrades, currently the price of gold may find it difficult to increase as bonds and the US dollar are on a strong rise. Investors are shifting from investing in gold to other profitable investments. Because of this, gold may continue to face pressure as investment demand decreases, unless there is some kind of instability or the US dollar weakens when the...
In the world market, spot gold price on Kitco floor tends to increase when trading at 1,962 USD/ounce. Analysts said that the gold market will not have a new breakthrough, but the trend will still increase in the near future. According to analysts, the tough monetary policy stance of the US Federal Reserve (Fed) weakens the economy. Kevin Grady, President of...
From what I posted last night .. this is my plan in lower time frames .. buy on breaking the high or sell when the last low breaks. And most importantly, risk management ps. Leave your comments and thoughts.
For PMI data I'm favoring a continued push up throughout NY Session. If this does not happen then i anticipate the volatility to create the High of the day then slowly faded off the highs back to support at 1.08743. It is Monday and the market is setting up for the rest of the week so beware of that. On My last publishing I detail a potential fakeout on the Daily...
We have a fair share of news events this week to shake things up. These news events will be a catlayst for a coniuation of momentum or the cause for a reversal in the short term here. Now the Monthly candle is closing at the end of this week and we must keep in mind that it is closing bullish. I don't anticipate this weekly candle to drop 222 pips but it's not...
This week 1.0918 Daily Support/Resistance Zone will likely play an important role in the direction of this week's price behavior. This was a Major Support during last week's price action may very well act as a resistance level for the new week's price action. The new weekly candle gapped up but at the end of New York trading we can observe a hold of 1.0918 Daily...
Trading is not complicated once you have a good understanding of whatever your technical approach is to the markets. After that good understanding is achieved you will have reasonable expectations about where price can go and will rarely be surprised. However, trading can become difficult when you throw trading psychology in the mix. Positive trading psychology is...