Over the past week, the price of Gold has been fluctuating between $2,000 and $2,035. This is because buyers seem to be taking a break, indicating a neutral to bullish outlook on the daily chart. Furthermore, the USD's recovery, driven by market adjustments related to the Federal Reserve and the resilience of the US economy, is putting pressure on the price of...
MATICUSDT was trading in descending parallel channel. The price was reacting well the support and resistance of channel. Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher. If the breakout sustain to upside the optimum target...
Hello Traders, welcome to today's analysis of Pfizer. -------- Explanation of my video analysis: All the way back in 2012 Pfizer created a massively bullish triangle reversal pattern at the $17.00 level. This was followed by a +200% rally. Since 2022 Pfizer has been dropping significantly and is now retesting the support level which I mentioned in the...
On the 15 minute chart, PLUG got a deserving bad haircut today on the dilution announcement. Buying shares in a chas burning enterprise is risky business. However, the prospects of a rescue with a federal grant from the Green Left initiative can come any time. Shares are on sale. So are OTM call options expiring after the recovery if there is one. Price...
🔮 #ETH Analysis 🚀🚀 💲💲 #ETH is trading in a Rising Broadening Wedge Pattern. #ETH has seen some fluctuations recently between $2,100 and $2,400, with a current price around $2,300🔍 While there was a 12% dip over the past week, remains cautiously optimistic about price going forward based on the potential for an Ethereum ETF. 💸Current Price -- $2300 📈Target...
USD/JPY appears to encounter resistance around 148.80 over the last three days, with fading bets on a Fed rate cut. While bullish sentiments persist, the bulls take a breather, gearing up for potential momentum next week, pending the Bank of Japan's (BoJ) monetary policy hints. On the USD front, resilience continues fueled by recovering US yields and positive...
Gold's recovery near $2,030 persists as the US Dollar adopts a sideways trend. Despite a less convincing pullback in Gold, traders have tempered expectations for a Fed rate cut in March. While the precious metal has rebounded significantly amid escalating Middle East conflicts, the short-term outlook remains cautious due to limited upside potential, influenced by...
Hi Traders! SILVER has broken below the neckline break in its head-and-shoulders pattern, and there is a possibility for a continuation to the downside if the market continues to stay below the neckline. Here are the details: After the initial momentum break below the neckline, the market is now retesting the neckline as resistance, and the 20 EMA has lined up...
Hello Traders, welcome to today's analysis of Alibaba. -------- Explanation of my video analysis: Starting in 2016 Alibaba created a pretty obvious higher timeframe bullish reversal which was followed by a crazy bullrun on Alibaba stock. In 2021 Alibaba broke below a major bullish trendline and dropped more than -70%. If we see another bullish reversal at the...
The price of gold surged significantly on Friday, driven by a risk-averse sentiment stemming from escalating tensions in the Red Sea. The US and the UK responded to Houthi's attack on a US ship on Thursday, prompting a surge in gold purchases as the conflict in the Middle East intensified. Additionally, the yellow metal received a boost from the decline in US...
How to trade with Divergence? A condition where the price candles’ tops or bottoms point in a different direction from the corresponding tops or bottoms of the oscillator's signal line is called a divergence. Such divergence can be bullish or bearish. In simple words, the price movement is opposite to the stochRSI, Price lower lows, stochRSI higher lows =...
On week chart ENS has been creating Double Bottom and moving up to break #Neckline Wait for a breakout and retest to confirm for this pattern The target around 17.5 Time will tell
Hello traders, At this price point, A lot of bullish pressure is building up and the tables have turned against the bears. Additionally, being a Wednesday which is a good day for reversals I expect the price to make new highs. Share your sentiments in the comment section below.
Happy New Year Traders! Gold surged, reaching a daily peak above $2,060, propelled by a nearly 1% decline in the benchmark 10-year US Treasury bond yield on Friday. This movement was triggered by a mixed bag of macroeconomic data releases from the US, intensifying the rally for XAU/USD. The safe-haven asset exhibited notable volatility following the release of...
Here you are, please read the summary about Oil price below~ 📈 Oil prices surged in early trade on Thursday, extending the previous day’s sharp gains on concerns about Middle Eastern supply following disruptions at a field in Libya and heightened tension around the Israel-Gaza war. 🛢️ Brent crude rose 33 cents, or 0.42%, to $78.58 a barrel by 0101 GMT, while...
GOOD DAY TRADER Hope everyone is great a look at the NASDAQ, S&P 500 & US30 ahead of HIGH IMPACT NEWS TODAY. * Its been a bullish week for all the above mentioned indices alike as we see a rejection on the weekly time-frame. AS WE SCALE LOWER TO THE DAILY TIME-FRAME * We swept those historic highs and rejected back into the range. NASDAQ DAILY * The...
Looking for GU to Pop up during this session and make a high for the week. Taking out the old highs. This would be a great opportunity for a sell. Monitoring the Order Flow to see if price continues to support the idea.
I'm seeing that GU is looking like it wants to reverse. So I'm looking for the shift in structure on what it wants to do. We do have some news coming up in the next 48 hours for both GBP and USD. Will continue to monitor for shifts.