During the January 8 session, crude oil prices dropped sharply and US government bond yields increased, causing difficulties for world gold prices. However, in the long term, gold has many grounds for a strong increase in price when the market believes that the Fed will almost certainly cut interest rates this year. ISM's latest PMI report showed that the labor...
Gold prices were gloomy at the beginning of the new year, following a strong recovery in the USD as traders reduced bets that the Fed could cut interest rates as soon as March. Stronger-than-expected nonfarm payrolls data on Friday points to labor market resilience — which gives the Fed more room to keep interest rates higher for longer. Spot gold price...
USDJPY surged after falling below the 200-day SMA but encountered strong resistance at the 200-day EMA and recovered some of last week's decline. The Relative Strength Index has recovered from the 30 level, but it is trending sideways and the MACD is rising after falling below the trigger line. If the upward pressure continues, the price could revisit the previous...
Long term short position, explanation shown! The price is in a strong Short POI, I used external ExpertAdvisors, available only for mt5, and indicators, including LVL2 data. Not investment advice!!!! Short position is placed on the chart for illustrative purposes only! Always Analyze and look for your own entry, don't blindly follow anyone!
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity GBPCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Hey Everyone, This is an update on our weekly chart idea that we have been tracking and trading for a number of months now. We have listed the previous updates below over the week so you can all see how we tracked the movement level to level into our long term target. Currently I have updated a new swing range, channel bottom retest area for retracement zone...
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity EURUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Hey Everyone, We finish off the week perfectly with the retest at 2003 from the bounce from 1989, as stated yesterday. We will now need a cross and lock above 2003 to confirm the range above. However, a new Goldturn created below 2003 will confirm a rejection. We will now come back Sunday with our multi timeframe analysis, route map and updated trading plans for...
In tandem with the analysis of the dollar index and the subsequent evaluations of AUDUSD and EURUSD... The ongoing trend of a weakening dollar shows no signs of abating. That being said, 1.25 is our confluence zone and buy region. Over the past 18 months, we witnessed a prolonged series of interest rate hikes, and the market is now experiencing a sense of relief...
GBPUSD D1 GBPUSD retraced to retest the key 1.22 support level and showed remarkable resilience, except for a minor 10-pip dip. It managed to stage a recovery of approximately 25-30 pips last Friday, just before the week's conclusion. As the markets kicked off today's trading sessions, the pair swiftly surged to new heights, reaching 1.22530, surpassing last...
USTECH Trade Plan Timeframe: 4H #NDX100 #NASDAQ #USTECH #TradingwithBelieve #TradingOpportunity #Divergence #TradingSignal #USTECHtradingsignal #Forex Hey traders! 👋 Let's dive into a potential trading opportunity on the USTECH pair using technical analysis. 📊 📉 Previously Bullish Trend: Firstly, on the 4H- timeframe, we've been witnessing a Bullish trend in...
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity NZDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Hello Guys, The price just cleared a 3-month low and formed a CHOCH on the daily timeframe. If we get a retracement, I speculate that price will go to hunt the weekly buy-side liquidity. Follow for more updates. Cheers, Jabari
☁️The global gold price stands at $1,976 per ounce, a slight increase of $10 per ounce compared to the same time yesterday. The precious metal has risen by about 9% in the past two weeks as investors seek to hedge against escalating risks in the Israel-Hamas conflict. ☁️Gold is attempting to break through the psychological resistance level of $2,000 but is unable...
Hello my wife 🌷After last week's huge increase in gold prices, reaching impressive figures, sometimes reaching 1996 USD, at the beginning of this week we saw a slight decline in this precious metal. Gold is currently trading at 1967 USD and down about 13 USD during the day. 🌷Fibonacci is creating two support levels to help gold maintain its uptrend. 🌷Gold's...
Last night, world gold prices reached their highest level in the past 6 weeks of 1,960 USD/ounce. After that, the gold price cooled down and by 6 a.m. on October 19, it was trading at 1,950 USD/ounce, up 26 USD compared to the price at the same time the previous day of 1,924 USD/ounce. Risk aversion became deeper in the market as the military conflict in the...