Hello everyone, let's explore today's gold price situation! Yesterday, gold experienced significant fluctuations in response to two major news events: the Non-Farm Payrolls report and the unemployment rate. Following these updates, gold prices initially surged to $2320 USD, then dropped to $2277 USD, before finally stabilizing around the $2300 USD mark. However,...
Hello everyone! Recently, following a price dip, the accumulation by large-scale Bitcoin holders (often referred to as 'whales') has driven the price of Bitcoin from over $60,000 down to a low just below $57,000. However, it quickly rebounded, with the cryptocurrency now up more than 4.5% in the last 24 hours, currently trading at $62,700. Keep an eye out, though,...
Hello everyone! The EUR/USD surged to 1.0800 as the US Dollar weakened during the early trading session on Friday in the US. The greenback faced a significant sell-off following the US Bureau of Labor Statistics (BLS) report, indicating soft labor demand and slowing wage growth for April. This caused the US Dollar Index (DXY) to hit a three-week low, providing...
Hello everyone, what are your thoughts on BTCUSD? Taking a close look at the technical chart, BTCUSD is currently forming a cup and handle pattern, and the price continues to follow an upward trajectory as per the long-term trend. It is anticipated that in the near future, the price could reach $90,000 as it approaches the ascending trendline formed by the...
The price of gold dropped to $2,227 following the release of the report on non-farm payrolls and unemployment rate. However, afterwards, gold continued to trade steadily and ended the session around $2,300. While the price remains in a downward trend, there is potential for short-term recovery as it approaches the trendline. Nevertheless, if the price continues...
Hello everyone, do you think we should be buying or selling BTCUSD at this time? From my personal analysis, after examining the 4-hour technical charts and other technical indicators, it appears that the sellers are still in control. The price is trending below both the 34 and 89 EMA lines, and the bears have successfully breached multiple marked support levels....
Gold traded below the $2,300 mark during Friday's U.S. trading session following the release of the Nonfarm Payrolls and Unemployment Rate report. However, gold still maintained stability and closed the session around the $2,300 level. On the daily chart, gold continues to show an upward trend, despite dipping to $2,227. Technical indicators are still supportive...
Hello everyone, what do you think the next trend for BTCUSDT will be? From a detailed analysis of the technical charts, BTCUSDT has formed and established a new high around $73,300. Following this, the coin has undergone a corrective pullback according to Dow Theory and basic wave structure. In this context, the anticipated price target for BTCUSDT is around the...
GBP/USD is grappling to sustain its upward momentum and is trading below the 1.2550 level in the US trading session. Earlier in the day, disappointing April employment reports from the US triggered a USD selloff, propelling this currency pair to its highest level in weeks above 1.2600. However, it failed to hold onto this level and quickly retreated to 1.254. On...
GBP/USD is struggling to maintain its upward momentum and is trading below the 1.2550 level in the US trading session. Earlier in the day, disappointing April employment report from the US triggered a sell-off in the US Dolla (USD) and helped this currency pair reach its highest level in weeks above 1.2600. The disparity in economic data between the US and the UK...
EUR/USD is striving to hold above 1.0750 despite extending its upward momentum to the day's high at 1.0800. The strength of this currency pair is being supported by weaker-than-expected US NFP report, fueling expectations for an early interest rate cut by the Fed. Meanwhile, in the Eurozone, attention is focused on the European Central Bank (ECB), with many...
The British Pound continues its upward momentum against the US Dollar, however, there has been a decline below the 1.2550 mark after surging to a high in the past three weeks at 1.2634 following the release of the US Non-Farm Payrolls (NFP) report. On the 4-hour chart, the Relative Strength Index (RSI) has been trading above the 50 level and continues to trend...
EUR/USD continues to maintain its upward momentum as it surged to the 1.0800 level in Friday's US trading session, reflecting the weakness of the US Dollar following weaker-than-expected Non-Farm Payrolls (NFP) data. Meanwhile, the ISM Services Purchasing Managers Index (PMI) data for ISM services in April also fell short of expectations. This fuels expectations...
Gold prices reversed their gains after initially recovering above a key support level today, with momentum hindered by persistent expectations of higher U.S. interest rates over an extended period. The precious metal briefly returned to the $2,300 per ounce mark in overnight trading following the U.S. Federal Reserve's indication that there would be no immediate...
Please, check our technical outlook for ETHUSD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 3103.5. The above observations make me that the market will inevitably achieve 2721.1 level. P.S We determine oversold/overbought condition with RSI...
Hello Traders! Today, XRPUSDT continues its downward trajectory, approaching the resistance level but only as a corrective move to test the EMA 34 and 89. The price is expected to weaken further, potentially revisiting the low of $0.4193 once the current correction concludes, as indicated on the 1D analysis chart. What are your thoughts on XRPUSDT?
✅AUD_CHF is retesting a key resistance level of 0.6000 So I think that the pair will make a pullback And go down to retest the demand level below at 0.5966 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello everyone, as of now, gold prices are hovering around the $2300 mark without much variation from previous trading sessions. The precious metal seems to be in a consolidation phase, sitting in a narrowing wedge pattern and waiting to decide on a new direction as the market eagerly anticipates the Non-Farm Payrolls report. Any significant breakout could lead...