RalphBenjaminTrading

RalphBenjaminTrading Updated 

Hello friends! XAUUSD is forming a sideways range during the recovery phase with a corrective bias, receiving support from the $2290 level. It is currently trading around $2,325, marking a 0.43% gain on the day. Regarding impact news: The US Dollar (USD) encountered new supply and fluctuated near its lowest level in more than a week. This, coupled with a slight...

RalphBenjaminTrading Updated 

Ralph Benjamin greets everyone! Currently, the price of gold is struggling to attract any meaningful buyers in the context of purchasing new USD. Betting that the Fed will maintain higher interest rates for a longer period of time in the face of challenging inflation will help revive the demand for USD, thereby allowing short sellers to expect some selling waves...

RalphBenjaminTrading Updated 

Greetings, marvelous companions! The EUR/USD currency pair sustained its upward trajectory, following a positive closure on Thursday and reaching its highest point since April 11 at approximately 1.0750. While the short-term technical analysis indicates potential overbought conditions, the improving sentiment towards risk may assist in propelling the pair higher...

RalphBenjaminTrading Updated 

Overall, the downtrend of GBPUSD continues mainly due to the strengthening of the British pound amid a weakening dollar index. On H4, the price is approaching a strong breakout resistance zone. This zone has many confirmations, showing that this zone is very important for traders. The correction may end at the nearest strong level and there is a high possibility...

RalphBenjaminTrading Updated 

Hello wonderful friends! Overall, EURUSD experienced significant volatility yesterday, with price gains surpassing the 1.0700 level. It is currently trading at a new high of 1.0720, highlighting a 0.2% gain on the day. So do you wonder why this currency increased so strongly? On the move: EUR/USD clings to gains near 1.0700 early in the European session on...

RalphBenjaminTrading Updated 

Hello dear friends! XAUUSD continues its corrective trend. Previously, I warned about the approaching decline. Gold is shedding buyers and appears to be heading towards finding a medium-term bottom. From a technical perspective: The first point of resistance is seen at the previous day's high of $2,334, above which the psychological level of $2,350 will be...

RalphBenjaminTrading Updated 

Hello dear traders! It can be seen on almost every timeframe that GBPUSD is showing significant gains, indicating a very positive bullish outlook. From the 3-hour chart, GBPUSD is currently receiving strong support around the 1.2500 breakout level being aggressively defended by buyers on the basis of the recent wave of growth at highs. Before that, the structure...

RalphBenjaminTrading Updated 

Hello dear traders! Today, gold prices are fluctuating around 2305 USD after retreating under profit-taking pressure from 2400 USD, marking a decrease of 100 USD since it plunged. Regarding international market information: - The precious metals correction was underpinned by investors remaining optimistic amid hopes that the Iran-Israel conflict will not escalate...

RalphBenjaminTrading Updated 

Hello all dear traders! Overall, as expected, the gold market quickly retreated from the $2,400 level, losing a loss of $65 in just one day. It can be seen that gold today touched the 2300 USD mark but it quickly bought back the decrease, recovering 10 USD in this period. It is currently trading at $2310. So what are the reasons and factors that cause gold...

RalphBenjaminTrading Updated 

Hello friends. Gold price at the beginning of the week just touched 2,370 USD, marking a decrease of 0.93% on the day but at the same time a marlin is gradually forming. Theoretically, the price should break the support, which would constitute a false break at $2361. The H4 setup shows strong resistance from the market, with the current trend a price increase...

RalphBenjaminTrading Updated 

Hello everyone. Gold prices extend pullback as Middle East worries ease US dollar weakens amid upbeat mood, despite recovery in US Treasury yields. Gold prices target $2,350 on sustained break below $2,370 on 4-hour chart. On H1, the $2350 support level is formed and it seems that the market maker is trying to rally the price back up, testing the breakout...

RalphBenjaminTrading Updated 

Hi everybody! Overall, the Uptrend continues to develop at high levels, XAUUSD is currently stalling after a strong rally around the $2392 area marking a 0.55% gain on the day. But the surprising thing is that the $2,400 mark has not yet been surpassed. Clearly, the energy has run out and the market maker is trying to hold above the $2365 mark with help from the...

RalphBenjaminTrading Updated 

Hello dear friends! Overall, XAUUSD has experienced significant fluctuations with price increases surpassing the $2366 mark. It is currently trading at a new high of $2,381, after hitting $2,431, marking a 0.09% gain on the day. Recently, gold has had difficulty maintaining its peak of $2,431. Gold's upward momentum is hindered by many factors, including news...

RalphBenjaminTrading Updated 

Ralph Benjamin hello everyone! After a price increase that brought gold past the 2,400 USD/ounce mark, the world gold market was under pressure to sell off and entered a consolidation period. However, according to commodity investor Dennis Gartman, this precious metal still has a lot of upside momentum. Most likely, the price of gold could rise to 2500 USD and...

RalphBenjaminTrading Updated 

Hello all dear traders! Let's discuss and strategize for the new day with me! As Ralph Benjamin mentioned in his previous analysis, GBPUSD is currently in a corrective recovery phase, receiving strong support at 1.2400. Currently GBPUSD is trading stable at 1.2440. It seems like GU is trying to recover after the previous strong correction. The H4 setup shows...

RalphBenjaminTrading Updated 

Hello, dear friend. EUR/USD is holding recovery mode near 1.0650 during the European session on Friday. A rebound in risk sentiment is helping the pair as the safe-haven US Dollar strengthens. Earlier today, reports of an Israeli attack on Iran spooked the markets. Looking ahead, relatively weak economic fundamentals in the euro area, coupled with the resilience...

RalphBenjaminTrading Updated 

Hello dear traders! Overall, XAUUSD is trading exclusively in a bull market. It has now leveled off after the market's previous surge in the growth channel, with a correction likely to test before further growth. The steady uptrend on the 1h timeframe remains stable suggesting a very positive bullish outlook with a continuation target at $2400. Accordingly, gold...

RalphBenjaminTrading Updated 

Ralph Benjamin, hello everyone! Thus, the price of gold plummeted, dropping 20 USD after just 30 seconds after the US inflation announcement, exceeding market expectations yesterday. Currently, in today's trading session, the uptrend continues, gold is currently consolidating below the $2250 barrier. The uptrend is strong as it consolidates at high levels with...