Upon reviewing the Bitcoin chart on a weekly (logarithmic) timeframe, we observe that the price is trading around $61,200. It might penetrate below $59,500 to gather more liquidity! Let’s examine the scenarios together: if the price stabilizes and closes below $59,500, we may see a further decline, possibly even a correction in Bitcoin down to $53,210. This would...
We have continued to be bearish recently and have made good profits. During this period, we have repeatedly emphasized that the rebound is not a reversal, and the decline is not over yet. Today we once again choose to sell at the rebound high. The 4-hour moving average of gold crosses and runs downward, the falling K-line is arranged, and the opening is widened....
The trend of gold today is particularly cautious. It has basically been oscillating in a narrow range around the 2300 position and is waiting for guidance from NFP data. As for how to view the NFP market, I have shared my detailed views in my previous article. In general terms, I am still bearish on gold, and I tend to be short on gold in my trading. Judging...
Considering the status of gold, which was moving in a long-term uptrend line and now that trend line has been broken, we should expect a significant price decrease from it.
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves Break of Structure and Retracement RSI - Divergence ( Over Bought ) Bullish Channel as an Corrective Pattern in Long Time Frame Fibonacci Level - 261.8%
Preferred direction: BUY Comment: The outlook for the New Zealand dollar is the same as for the Australian dollar . In both cases, we are likely to see new local highs, but growth is limited, in the case of NZDUSD this is the level of 0.59857 . We are considering two options for the development of events. The most likely scenario is №1 , and scenario...
Hello Traders , Upon reviewing the EUR/USD chart in the 2-hour timeframe, we observe that the price was able to rise to 1.075 and then underwent a correction, penetrating below 1.0678. Consequently, after a liquidity collection, it encountered demand again! The upcoming supply zone ranges from 1.07260 to 1.07530, and we can monitor the price reaction within this...
Preferred direction: BUY Comment: Before the Fed meeting on major currency pairs, a rather uncertain situation has developed, and the best option will most likely be to refrain from trades and make a decision on entry after the interest rate decision. However, the most likely scenario is in favor of buyers. At the moment, the best option would be to look for...
Gold recorded a slight increase to near $2,230 in Thursday's US trading session, amidst optimistic market sentiment, declining US treasury bond yields, and a weaker US dollar. In the Asian trading session on Friday, the price of gold continued to maintain stability, fluctuating around the $2,300 mark. Based on technical analysis on the 4-hour chart, the Relative...
Gold's non-farm positives are significant, but technically, it's still in a bearish trend. Currently breaking through new lows, the bearish trend continues. Our strategy of selling at high levels this week also ended perfectly, with successful profit-taking at multiple TP levels, yielding very good profits. Technically speaking: Gold's 4-hour moving averages...
Gold (XAU/USD) could fall towards the pivot and stabilize around this level. Could this commodity potentially bounce higher towards the 1st resistance? Pivot: 2,285.17 1st Support: 2,272.11 1st Resistance: 2,328.74 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose....
Hello everyone, it's Brian here. Today, gold prices have stabilized around $2,300. Factors contributing to this stability include positive market sentiment, falling U.S. Treasury yields, and a weaker U.S. dollar. Traders are still digesting remarks from Federal Reserve Chairman Jerome Powell, as well as the central bank's decision to maintain interest rates....
Hello wonderful friends, What are your thoughts on today's gold prices? After a significant drop to below $2,282 yesterday, gold has made a slight recovery today, moving back above the $2,310 mark. This rebound is driven by a sell-off in the US Dollar and US Treasury yields following dovish comments from Fed Chair Powell regarding the future of interest rates....
Hello traders, I want share with you my opinion about Gold.Looking at the chart, we can see how the price some days ago entered to upward pennant, where it at once rebounded from the support line and made a strong upward impulse to the resistance line, thereby breaking 2285 and 2380 levels. After this movement, Gold turned around and in a short time declined lower...
🌟🎉 Celebrating Milestones: We've Hit Our First Target Resistance Level at $2332! 🎉🌟 Dear Followers, I am thrilled to share some fantastic news with all of you! Our journey in the gold market has reached an exciting milestone as we've successfully achieved our first target resistance level at $2332 🚀💰 What a joyous moment to celebrate together! This achievement...
Preferred direction: SELL Comment: Previous trading ideas for this currency pair worked perfectly, and, as expected, the resistance level of 1.64767 has stopped buyers. At the moment, the probability of resuming the downward movement is high. An increase towards 1.65500 is not excluded within the framework of scenario №2 . However, the more likely ...
Non-agricultural data and unemployment rate data are bullish for gold. Gold rushed directly from the 2300 line to the 2320 line, and then began to fall back. There is also short-term support near 2300 below. However, although the data rebounded and then stepped back, the rebound space and data fermentation in the future market cannot be ruled out. We are waiting...
Title: 🌟 Seizing a Golden Opportunity: A Bullish Outlook on Gold 🌟 📈💰✨ Dear Followers! ✨💰📈 I'm thrilled to share with you an exciting opportunity brewing in the gold market 🚀 Currently priced at $2304, gold is showing all the signs of gearing up for a significant move 📈 Our analysis points towards target resistance levels of $2336 and $2342, marking crucial...