Gold extended its downward momentum at the start of Tuesday's Asian trading session, dropping to 2,300, down more than 2% from Monday. The decline seemed somewhat contained due to speculation that major central banks would cut interest rates later this year.
From a technical standpoint, this sharp decline has brought gold prices to touch the simple moving...
The USD/JPY market is experiencing a notable period of growth, reaching its highest level in decades, driven by significant appreciation of the US Dollar. This increase is attributed to the economic hegemony of the United States, where the USD is regarded as one of the most stable and widely used currencies globally. Additionally, the large-scale selling of US...
Gold continues to face downward pressure, dropping below the $2,300 mark near the end of the US trading session on Tuesday. Expectations regarding the Federal Reserve's monetary policy still support the increase in US Treasury bond yields, thereby keeping the US Dollar (USD) at its recent high level.
From a technical perspective on the 4-hour chart, we can...
Hello dear friends, what do you anticipate the price of Gold will be today?
Yesterday, we witnessed a fluctuation in the gold market, as the price dropped below 2,400 USD near the threshold of 2,310 USD. In the Asian trading session on Tuesday, Gold continued its downward trend below the 2,300 USD mark. This decline is attributed to the easing of tensions in the...
📈 Comprehensive Analysis of AVAX: Daily Market Insights 📈
☀️In today's analysis, we embark on a journey into the intricacies of Avalanche (AVAX) trading, exploring potential avenues for profit amid evolving market conditions. As we delve deeper into the dynamics of AVAX, we uncover compelling insights that could shape your trading decisions.
🔍Zooming into the...
Here I have USD/CHF on the Daily Chart!
Now we've been following USD/CHF since it created its NEW LOW back in Dec. '23.
This LOW I believe sparked the beginning of an Elliot Wave and currently we are looking at what seems to be a possible LAST LEG of this Impulse Move!
Price has currently created a HIGHER HIGH @ .90721, so we will be looking for Price to...
Yesterday, the gold market experienced significant volatility, with prices falling below $2,400 and continuing to decline below $2,300 during Tuesday's Asian trading session. This decline was triggered by escalating tensions between Israel and Iran. Market participants are betting that the ECB will cut interest rates in June, with three rate cuts expected...
The Japanese Yen is currently receiving support from government intervention, but differing expectations from the Bank of Japan (BoJ) and the Federal Reserve (Fed), along with reduced tensions in the Middle East, have diminished JPY's role as a safe haven asset.
From a technical standpoint, indicators continue to signal an upward trend. The Relative Strength...
The EUR/USD is trading sideways around 1.0650 and showing signs of transitioning to an upward trend. This change is supported by the easing tensions between Israel and Iran, which have led to a reduction in geopolitical risks and decreased demand for the US dollar as a safe-haven asset, consequently causing a slight increase in the EUR/USD pair.
Looking at the...
During the past week, the gold market continued to conquer new highs, reaching $2,431 before stabilizing around the $2,400 mark and closing the trading session at $2,392.
From a technical standpoint, we observe that gold prices are still trading above the SMA 20, 50, and 100 lines on the chart, indicating a buying bias. Additionally, the Relative Strength Index...
Overall, the market has witnessed the continuation of an upward trend as political tensions in the Middle East show no signs of abating entirely.
From a technical standpoint, the Relative Strength Index (RSI) is currently in overbought territory. This is seen as a signal that the market may undergo a short-term recovery before resuming a strong upward trajectory.
Nifty opens gap down almost -150 points but into second half bulls were back into the market and made days high that is 22179.
(which means nifty recover 150 points from bottom and another rally of 150 points which means total nifty recovered by 300 points).
Nifty has formed a big green body candle with long lower shadow and upper shadow, which indicates buyer...
🔍Exploring SAND, a metaverse venture with long-term potential, we shift our lens to short-term trading prospects within SAND futures, scrutinizing a 4-hour timeframe.
📈Beginning with candlestick analysis, SAND witnessed a notable decline post-breaking the 0.5629 support, settling near 0.382, thereby forming a consolidation zone between 0 and 0.382. The duration...
another stock that we have zero clue what it does, but chart looks perfect.
weekly rsi broke to bull side eq. 190% TP from entry. could even run higher.
USD/JPY is currently maintaining stability around 154.50 amidst unpredictable market fluctuations. According to Reuters, the currency pair reversed losses after a high-ranking official from Iran stated that there is no immediate plan for retaliation against Israel's missile attack on Iran. This has reduced the likelihood of escalating tensions in the Middle...
The British Pound (GBP) found temporary support near the lowest level around 1.2400 in the European trading session on Friday. The GBP/USD pair remains weak due to political tensions in the Middle East. Based on technical analysis, the Relative Strength Index (RSI) is trading below the 50 threshold, indicating a downward trend in prices.
GBP/USD is rebounding towards the 1.2450 level in early Europe on Friday, after testing the 1.2400 mark.
Looking at the chart, we can see an upward trend being established, with prices surpassing the simple moving averages (SMA), indicating the strength of the recovery. Additionally, the Relative Strength Index (RSI) is trading above the 50 level and is expected...
GBP/USD is rebounding towards the level of 1.2450 in early Europe on Friday, after testing the level of 1.2400. The GBP/USD pair still maintains its weakness due to the deepening geopolitical tensions, particularly following Israel's attack on Iran.
Looking at the chart, we can see that the price is still maintaining below the SMA line, despite the recovery...
