Midas_Calista

Midas_Calista Updated 

In the above chart, you can see that prices are gradually forming lower highs, indicating that the selling side is gaining momentum over the buying side. In most cases, prices will break below the support line and continue to decline. However, in some cases, when the support is too strong, prices will bounce back and establish a strong upward trend. The good news...

Midas_Calista Updated 

First of all, let's pay attention to EMA. If you need a moving average that can quickly react to price movements, then a short-term EMA would be most suitable. It can help you catch trends quickly and generate high profits. The truth is, the quicker you catch a trend, the longer you can ride it and the more profit you can make. However, the drawback of EMA is that...

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When this MA crosses that MA, it could be a signal indicating a potential change in trend, thereby providing you with a good entry opportunity. The price quickly moves upwards after breaking above the upper edge of the rectangle. If we have a buy order placed at the upper edge of the rectangle, we have made a profit. Just as the rectangle declines, here, once the...

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Using Elliott Wave Theory and Fibonacci, I observe that the gold price is currently in wave 4. Rule 3 states: Wave 4 should never enter the territory of wave 1. Additionally, there are guidelines to help count waves more accurately. Unlike the three rules above, these guidelines may be violated. They are: - Conversely, sometimes wave 5 cannot extend beyond the...

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One of the most popular methods to identify a rebound is by using Fibonacci levels. Typically, rebounds occur within the 38.2%, 50%, and 61.8% Fibonacci retracement levels before continuing in the prevailing trend. If the price extends beyond these retracement levels, it could signal a potential reversal. It's important to note that we use the term "could" instead...

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Today, BTCUSD is holding steady around the $67,645-68,000 range, with no notable fluctuations observed. In this context, I continue to advocate for a bearish stance on BTCUSDT, especially as it moves away from its sideways trend. The signal from the EMA 9 further strengthens the optimism that the market may lean towards the selling side.

Midas_Calista Updated 

Greetings traders! Here's an extensive multi-time frame analysis for the selected pair. Feel free to drop any questions in the comments section below. Remember, we'll only consider entering a trade if all strategy rules are met. Let's exercise patience and wait for further price action development before committing to any positions. I recommend keeping a close eye...

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Exactly, when the Exponential Moving Average (EMA) is trending upwards, it indicates a short-term uptrend in prices. However, if the Simple Moving Average (SMA) is trending downwards, the long-term trend may be bearish. When the SMA crosses above the EMA, this could be a sign of a reversal in price trends.

Midas_Calista Updated 

Firstly, let's focus on the EMA (Exponential Moving Average). While a simple MA (Moving Average) may react quickly to price changes, a shorter-term EMA is most suitable. It can help you capture trends rapidly and yield higher profits. The truth is, the quicker you catch a trend, the longer you can ride it and the more profit you can make. However, the drawback of...

Midas_Calista Updated 

Hello everyone, EUR/USD is currently recovering but remains below the 1.0800 level at the start of Wednesday. The pair is receiving support from a significantly weaker US Dollar, even as inflation cools in Germany and the market remains unconcerned about the Eurozone's HICP release, US ADP employment data, and Powell's speech. However, EUR/USD is predicted to...

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With gold hitting all-time highs, optimism runs high, but uncertainty prevails. Therefore, seizing every trading opportunity is crucial. If selling, await clear signals; avoid over-reliance on singular factors and manage risks carefully. Rapid market adjustments often lead to new highs. Currently, buying momentum appears strong. Focus on support near 2222 and...

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In general, XAUUSD is encountering difficulty surpassing the resistance level of $2220. However, it remains stable within an ascending channel. Moreover, upon closer observation, a cup and handle pattern is gradually forming. Based on these factors, my expectation is for a breakthrough above the resistance level, aiming for the medium-term target of $2220. In the...

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Today, the world gold price listed on Kitco stands at $2,340 per ounce, marking a $28 increase compared to yesterday morning. International Market Insights: Gold prices regain upward momentum, driven by central bank buying activity in Asia. A recent report reveals that the People's Bank of China added 160,000 ounces of gold to its reserves in March. Turkey,...

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Divergence of this type is often seen in an uptrend. After the price makes the second high, if the indicator makes a low high (unlike the price, which makes a high), then you can predict that the price may reverse and drop again.

Midas_Calista Updated 

In the realm of modern finance, Bitcoin stands as a formidable force, captivating minds and markets alike. As a seasoned financial authority, I embark on a journey to demystify this digital asset and illuminate its significance in today's economic landscape. At its core, Bitcoin represents a technological marvel, intertwining cryptography and decentralized...

Midas_Calista Updated 

As anticipated in our previous analysis, gold continues to advance, encountering no significant resistance. However, we observe the formation of support at 2270.00. Despite this, we remain in our bullish trend, with the emergence of a clear bullish channel indicating a potential slight retracement before resuming the upward trajectory. This is a short-term...

Midas_Calista Updated 

Hello forex family! EURUSD is momentarily pausing amidst a global market holiday period. However, looking forward, the US dollar is gaining strength, driven by hawkish sentiment surrounding the Federal Reserve and expectations of higher interest rates. Technical analysis further supports this narrative, with the price breaking below the 1.0780 support level and...

Midas_Calista Updated 

From the current market situation, gold peaked around 2275 before encountering resistance and retracement, with the current low point being around 2229. For now, it appears that the bullish momentum has somewhat eased after a strong breakthrough. Additionally, with the continued strength of the US dollar, a return to a bearish sentiment is quite normal. Gold...