At the start of last week, things didn’t look great for the bulls. There were several signs of weakness that could have easily led to a daily trend reversal. However, that didn’t materialize. Firstly, on Monday, buyers were able to set a daily higher low. Then, on Wednesday, they positioned the price very close to the previous two weeks' high. Finally, with the...
Although the price increased yesterday, the D1 gold bar created a very large bearish pinbar, with a very long upper shadow and closed less than 1/2 of the range, closing inside the previous price bar, which was also a bearish pinbar. Such price behavior reflects the weakening of the upward price momentum, suggesting the possibility that prices may continue to...
EURUSD yesterday rose to the resistance zone around 1.0855 and formed a selling pressure zone for us. You can enter a sell order with the bearish candle marked with a red arrow as shown in the chart. Currently, the market is turning bearish. If you look at the low time frame, you can see this downward trend much more clearly. Our current trading strategy is...
Today's focus: Gold Pattern – Price range Support – 2154 Resistance – 2187 Hi, traders; thanks for tuning in for today's update. Today, we are looking at Gold daily. What are we discussing and asking today after looking at Gold? Could a close above resistance be the move that starts a new continuation higher? If we see a break below support, this could be...
Navigating Waves: Decoding AUDCAD's Intriguing Journey 📈🌊 Unraveling the Downtrend: A Chronicle Since December 23rd Since December 23rd, the AUDCAD forex pair has been riding the waves of a persistent downtrend. 📉 This downward trajectory has been marked by consistent lower lows, signifying the dominance of sellers in the market. Traders and analysts have...
We have broken the previous trend, we are beyond the support shown in the picture, so we continue our upward journey in this trend channel.
GBPUSD fell sharply in the last session after creating a bearish engulfing candlestick pattern. Currently, the resistance level of 1.26 is showing signs of being broken, selling pressure is still very strong, continuing to expect the price to go down in the short term, The target is still around 1.25xx. The position to enter a sell order at this time is not good....
Gold prices continued to slide in the last session of the week after the strong decline signals mentioned previously. Although the buying force is returning this morning, regaining most of the previous reductions, this move has not significantly changed the situation, you can still keep your existing selling strategy, especially We now have an additional bearish...
The recovery of the USD during the day put pressure on gold. After sliding to a one-week low, the US Dollar Index reversed course and posted a 0.7% gain, making gold more expensive for overseas buyers. According to TD Securities commodity strategist Daniel Ghali, the strong buying pressure after the policy meeting appears to have dried up and gold is correcting...
see and watch :) After a good move and breaking the important resistance and stabilization... it is ready to move towards the next targets...
💲DXY: Last week, DXY had a surge after the FOMC meeting and reached its highest level of the week around 104.2. Regarding technical analysis, we can see that DXY has broken through the Downtrend line and the key level 103.5 - 103.7. With this development as well as the strong increase in the last 2 days of the week, I will appreciate the upward trend for DXY for...
Discover an enticing selling opportunity in GOLD as it undergoes a critical retest of a key support area. With market analysis, technical indicators, and price action as your allies, evaluate the potential downside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
Gold price increased sharply in the past session, breaking the accumulation zone and confirming the triangle pattern and the continuation of the uptrend. Despite not being able to create an ATH in the previous session, the bulls did it this morning, the price briefly broke the 2200 level and then encountered selling pressure again. However, it is likely that the...
Gold prices fell late in the North American session on Tuesday amid a strong US Dollar but despite falling US Treasury bond yields. Market participants await the US Federal Reserve’s (Fed) monetary policy announcement on Wednesday, followed by a press conference by Fed Chair Jerome Powell. Meanwhile, XAU/USD prices are set to remain near $2,150 as traders remain...
It is almost certain that the Fed will not reduce interest rates during the ongoing meeting. However, investors wait for statements from Fed Chairman Jerome Powell to find clues about US monetary policy. Currently, the spot gold price is still above the threshold of 2,150 USD/ounce. This was the resistance level during the strongest price increase in December...
GBPUSD had its second consecutive down day after Friday, but the downward pressure weakened because Friday's D1 bar had a narrower range than the previous down D1 bar. The price inched down from the lower boundary of the Inside bar pattern, and if the bottom of this pattern is successfully broken, it is likely that GBPUSD D1 will decline further. A small...
GBPUSD responded to the support zone around 1.2675, and formed a nice kangaroo tail candle that could be bought. However, currently this candlestick has not been matched, moreover, if we trade in the daily frame, we can only earn more than 2 Rounds of profit from this area. If you trade multiple time frames, you can go to the lower frame to find a signal to...
gold price are going sideway correction above 2150 support but below white trend line before big news fed fomc