Today, EURUSD continues to move within a descending price channel, with the pair currently trading around the 1.076 level and approaching the upper boundary of the channel. Another downward movement is expected as the selling side continues to firmly defend the price channel!
Greetings, savvy and wealthy investors! Today, gold prices are trading negatively. However, the outlook for the precious metal remains constructive, as XAU/USD sits above the EMA 34, 89 lines. In the short term, gold prices are still constrained within a gradually declining trend channel since mid-April. However, the path of least resistance seems upward as the...
Hello Traders ! On Tuesday 30 April, The EURCHF Reached The Resistance Level (0.98115 - 0.98420). The Price Formed a Rising Wedge Pattern. Currently, The Higher Low is Broken ! So, I Predict a Bearish Move 📉. ------------ TARGET: 0.97030🎯
World gold prices have increased more than 12% in 2024 thanks to expectations that major central banks will start reducing interest rates. Coupled with new concerns that the Middle East conflict could flare up again between Israel and Hamas, this could provide a significant boost to gold. However, this factor has been quite lackluster in recent times, instead...
Hey there, what do you think about SOLUSDT? Currently, SOLUSDT is showing relatively stable recovery phases, with prices receiving support around $125.80 and gradually approaching the resistance level as marked on the chart. If we successfully break and close above that level, we could expect a target around $180.100. On the other hand, SOLUSDT might still...
The world gold price is currently trading around 2320 USD. "The recent downturn in gold prices we've seen over the past few weeks may be weakening. US employment figures have weakened the USD, creating an opportunity for the world gold price to rise," an expert noted. According to technical analysis, in the short term, the next resistance level for gold is 2,360...
Hey everyone, What are your thoughts on whether we should buy or sell BTCUSDT today? After carefully observing the data and analyzing the charts, BTCUSDT appears to be in an accumulation phase and is currently consolidating with the EMA 34, 89. It's expected to continue sideways movement around the current level near the support area and may bounce upwards once...
Bitcoin time frame 4 hours The previous analysis is still valid. We can optimize the entry point and wait for the price to reach our entry point.
Last week, the market had access to a plethora of US economic data, including the FOMC interest rate decisions, non-farm payroll reports, and service sector production data. These reports all indicated that the Fed would maintain the current USD interest rates. The reduced expectations for a rate cut in June meant that gold had to continue its adjustment...
Gold prices (XAU/USD) halted a two-day decline during the European trading session on Monday. Weaker-than-expected US employment reports have raised the likelihood of the Federal Reserve cutting interest rates in September, which weakened the US dollar and boosted the price of gold priced in USD. However, there's concern that easing tensions in the Middle East,...
World gold price yesterday recorded a high of 2,332.22 USD and closed the session up nearly 1% to 2,323.99 USD. Do you find it strange? This number must have been chosen by the driver. Along with that, the domestic gold price continues to set a new peak. World gold prices have increased more than 12% in 2024 thanks to expectations that major central banks will...
Hello everyone, Today, gold prices continue their recovery momentum since Monday, with the metal gaining over $25 since the start of the new week. Although gold has experienced two consecutive weeks of decline following a five-week recovery streak, overall investor sentiment remains optimistic towards this precious metal. From chart analysis, we observe that...
The DXY index is currently trading around the 105.00 mark, recording a slight decrease during Monday's trading session. The dollar remains supported by persistent inflation concerns, as Fed Chairman Jerome Powell has warned. However, the weaker-than-expected jobs report released last Friday showed signs that the US economy may be slowing and expectations that the...
The hesitant movement of the US Dollar (USD) seems to have provided enough momentum for the continued upward movement of EUR/USD at the beginning of the week. However, this pair has failed to retest or surpass the key barrier at 1.0800 during its fourth consecutive day of gains. The anticipated sideways trend is expected to persist, with the pair soon...
Greetings traders, Today, BTCUSDT is hovering around $64,230 since its last dip last Friday. However, looking at the bigger technical picture, BTCUSDT is still operating steadily within a consolidation channel, with short-term prospects favoring the selling side given stable factors and support from RSI and EMA 34, 89. The $69,000 mark may appear soon, but...
Hello dear friends, Today, let's explore the gold prices together! Gold has seen a slight recovery after a turbulent Friday, trading steadily around $2310 and rising 0.34% during the day. In terms of short-term prospects, gold seems to be moving sideways and remains in an accumulation phase with expected fluctuations between $2325 and $2290. Pay attention to...
Gold / XAUUSD has potential for a small bullish pump over the next few days; followed by a bearish correction. We have some Buy Signal Momentum currently going; it hasn't ended yet but this current bar is displaying it; this implies now is still considered to be a good time to buy but may not be tomorrow! The buy rating started at 1☆ and is closing at a 2☆; this...
Analyzing the options chain and the chart patterns of VALE prior to the earnings report this week, I would consider purchasing the 12usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $0.79. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.