phoenixTraders2020

phoenixTraders2020

Due to the change in the price trend since March 8 and after hitting the strong support range of $25, it seems that Silver buyers are stronger in market which formed a trend bullish channel. However, if the power is rediscovered for the sellers, it is not unexpected to hit the support range and return back to this position.

phoenixTraders2020

Further to our previous idea, Ether crossed the bearish channel and now the bullish trend is shaped. We assume due to the uncertain market for Dollar, this might reach to the first target at 1700$ zone. Then probably moving to the next target at 1800$.

phoenixTraders2020

Further to the treasury yield movement last week, the risk taking movement in market was done for a week. Therefore crypt market was declining deeply which made a bearish channel for Bit and Ether. However by starting this week and slipping on bond rate, again market came back to the risky assets and coins started bullish trend and already left the bearish channel...

phoenixTraders2020

However Gold started last week with bearish move, but tried to do some correction until the tension zone between $1780-$1790 This bearish intend might continue due to the hope of more support from new US administration for economy recovery and also having more liquidity in Coins these days. Therefore highly recommended to traders look for short to trigger in this market.

phoenixTraders2020

Further to the low interest of Central Banks around the world and due to the fact of highest momentum ever for last 6 months, BTC is in the first option of saving wallet for even Liquidity Providers globally. However, this momentum and hopes for economy recovery, shaped a big fear that "How much percentage to be left for it?!" Looking deeply thought the 4H chart...

phoenixTraders2020

Further to the positive news on new administration in white house in terms of Vaccination plan, Stimulus and employment; USD is gaining and recovering the lose and bringing hope for investor to again counting on the most valuable currency in the world. Therefore, Gold is in the long term down trend channel which was already predicted in previous ideas. Follow us...

phoenixTraders2020

After weeks of dollar gain in market, by confirming new administration in US and hopes for stimulus by new treasury secretory in White house, dollar started weakening since Wednesday and Gold with other valuable metals went on a high momentum rally after that. This rally crossed $1850 resistance zone and then passing long term down trend to move forward through...

phoenixTraders2020

Due to two similar Movements in recent weeks, the price has approached the ceiling of the Downtrend channel and we expect to see the descending for Gold against the Dollar by any positive news near the New Year. Of course, we know that the negative news and statistics of Pandemic continue and the stimulus has already left its effects on the market. Therefore, if...

phoenixTraders2020

In recent weeks and months after the historic peak of gold prices in last August, the precious metal seems to be in a long-term downward trend. Although this been accompanied by the decline of the dollar index, but attention to the eastern markets, as well as new valuable assets such as crypto, have prevented the price of Gold from rising further and in the long...

phoenixTraders2020

From last 2 weeks, Gold was is in a bearish movement in daily channel due to the Politic hopes and stimulus doubts which all were supporting dolor in the chart. But this movement is getting weaker and the stronger Gold demands showing up. Probably in the next coming days, we will be facing hopes on confirming stimulus and Biden support for Market development,...

phoenixTraders2020

Further to my previous analysis, Gold kept falling till 1775 and we could gain 275pips more. Cheers!

phoenixTraders2020

We had an strong bearish movement this week. Which guided us to be a Gold seller, but since yesterday morning the price reached to the 1800$ zone. This is a long term resistance and perhaps we will face bullish pullback even countable for long position in a day trading. But, the strong tendency of descent and the main cycle might not be changed in following...

phoenixTraders2020

As published before, Gold is in the bearish channel which heated the middle line. so cheers for those who followed us.

phoenixTraders2020

As the daily timeframe shows, gold entered a long-term bearish channel after hitting a record high above $2,000 ($2080) in August, trying to break the channel and create a cycle with pre #us_election tensions. However after dealing with the #Channel_boundry and with the positive and statistical news regarding the production of #vaccine against #covid_19, we saw...

phoenixTraders2020

Cheers up to our followers💪 🤑

phoenixTraders2020

Conservative Investors will not do much of Risk in this time! Means that Gold will be more valuable than investment for coming days when we don't know who will be the President of USA in 2020. Also Gold was already in the bullish rally which can be supported till 1910$ atleast.

phoenixTraders2020

When crossed the bullish trend line, continued the slipping till the last week ended and jumped to the below center line of the bullish channel. Seems that supply is more stranger than demands and sellers imposed their power in the market. If the situation remains the same, GBP will drop till the down side channel line or even more. Unless this week starts with...

phoenixTraders2020

further to the positive news regarding #stimulus deals and the rising of dollar sellers and also #stocks and #gold buyers, it seems that #gold has entered an upward channel that is increasing in the strength of buyers day by day. Unless negative news is heard again from #United_States.