Gold's long-term bears are starting to show strength. Today the market changes have not happened yet. Viable areas of value are already in place. We can enter the market to take short positions and trade them. The price reference pressure is at 2130, and choosing 2130 based on the second low on the right is a very good position. We just have to plan around that....
Hey Everyone,
Once again our strategy played out perfectly with ema5 lock above 2125 opening 2133 and 2143, which was both hit perfectly today, as analysed completing our updated range targets.
We have now updated the levels above with Goldturns to accommodate the new range.
We are now seeing price break 2143 with ema5 lock to open 2153, 2159 and potentially...
Gold extended its upward momentum after the weak US services PMI report
Gold prices extended their upward momentum after services PMI data missed estimates, investors waited for Fed Chairman Powell's testimony today.
During the March 54 session, gold prices maintained their upward momentum, supported by PMI data that was lower than estimates. In the European...
7 hours ago
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in...
World yellow metal prices reached a 3-month high at the beginning of the week, boosted by increased expectations that the US Federal Reserve (Fed) will loosen monetary policy.
According to UBS analyst Giovanni Staunovo, weaker-than-expected US economic data released last week pushed US real interest rates down and this is the cause of gold's price increase.
Last...
This time Bitcoin's rise is aimed at the historical high of 69158. Previous highs are meant to be broken, especially when the current bull market trend is intact, so you can still look for opportunities to continue to look long and do long.
As shown in the picture, the specific strategy can be to go long near 66400, TP68900-69150 SL66000
Hello Traders,
Hope you enjoyed the downfall in BTC and once again we have posted exact levels of reversal.
If you like our analysis them please follow us and boost us
Hey Everyone,
Please see our updated 1h chart levels and targets after smashing all the targets for this week already.
We are seeing price break into the new range and playing between 2125 resistance and support at 2116 Goldturn. We are looking for a re-test and break on either Goldturn to confirm the next range
A bearish test to support at 2116 and a break and...
The gold market is up about $25 from December's record high, and while Monday's rally that pushed prices above $2,100 an ounce was shocking, it wasn't completely unexpected.
Many analysts have noted that gold's rally came out of nowhere and was sparked by disappointing second-rate economic data in the US. At the same time, analysts also point out that both gold...
Some funding managers are thinking about converting their price range` running currencies to the U.S. greenback in anticipation of a U.S. flow to shorter securities agreement cycles this spring.
The extrade is in reaction to a brand new rule surpassed with the aid of using the U.S. Securities and Exchange Commission (SEC) closing year, which calls for securities...
Gold prices extend strong gains as USD comes under pressure, focus turns to today's services PMI report.
In the March 4 session, gold prices extended their strong upward momentum in the context of the greenback being under pressure. In the European session, gold increased sharply from $2,083 to over $2,100 and closed the session at $2,119. Lower-than-expected US...
Hey Everyone,
Great start to the week with our chart idea playing out to perfection!!!
Yesterday we advised that we were looking for the 2092 target re-test and a cross and lock above 2092 will open 2105 and 2115, which was all hit perfectly today completing this range.
We will now need to see ema5 cross and lock above 2115 to open the range above - 2130 and...
Overview
Bitcoin is the best litmus test for the crypto market. Whenever I can't get a read on a particular token, I refer back to Bitcoin. After reviewing the chart I believe Bitcoin is on route to $100K. Honestly, I wouldn't be surprised if it rockets pass this price and hits the next key Fibonacci level around $150K but that is months down the line. For now...
Silver is now back in pre-March swing territory, the 21.5 to 25.3 area, which means bears can continue if a rebound occurs and pressure closes. As long as it does not break through 25.3, it will still be under the control of the bears. Of course, the current rebound to around 23.1 is also an opportunity to go short.
As shown in the figure, the detailed strategy...
Gold shows outstanding strength after US economic data releases.
Gold prices rebounded sharply after US PCE data matched estimates, along with a manufacturing PMI report and a lower-than-expected consumer confidence index.
This past week, gold prices rallied from $2,028, broke through the $2,050 resistance, and pushed to $2,083 after the US core PCE report...
Gold costs spent the primary 3 days of the week ranging between $2,030 and $2,040, with a weekend breakout acting to bolster to new highs.
I checked out gold costs on Wednesday, simply earlier than Core PCE become discovered, and at that time, there has been a bullish flag forming from a bearish channel in an uptrend.
The fashion strengthens to $2,050 in its 5th...
