Gold prices dropped in today's Asian trading session, adjusting after recent gains as investors seemed to favor the U.S. dollar in anticipation of significant U.S. inflation data due later this week. Last week, gold showed solid progress as signs of a slowing U.S. economy fueled speculation that the U.S. Federal Reserve might cut interest rates in 2024. Despite...
Intro - This is Binary Forecasting Service's CONTINUOUS GOLD FORECAST featuring 16 to 20 hours a day around-the-clock coverage of FX_IDC: XAUUSD ticker, with current favorite outcome highly detailed in proprietary trend maps through all of NY market tomorrow. This data must be used with continuous updates to remain relevant until it is replaced. Using this without...
Hello dear traders! Recently, BTCUSDT has been struggling to recover as it is currently trading at $62,463 and marking a 0.77% drop on the day. But at the same time, a double top pattern is gradually forming, signaling a potential correction that could break out of the trendline mentioned on the H4 chart. Current channel support is at $61,500, immediate...
BTCUSD trading ideas: Breaking out of the falling wedge has sparked an impressive price increase for the product. However, there are signs of a potential top at $65,490 that has caused the product to fall over the past several days. Currently, the price is fluctuating below the Major Resistance currently at $63,500. The whale's movement comes at a time when the...
Today, gold prices are on a recovery path after experiencing a significant drop yesterday, currently trading around USD 2343, marking a 0.34% increase for the day. However, gold is showing signs of forming an inverted cup and handle pattern. If this pattern continues to develop, there could be a deeper correction following a retreat to the Fibonacci levels...
BTCUSDT is currently moving within a price wedge and is undergoing a correction phase upon touching the upper limit of the wedge. The short to medium-term target range of USD 59,000 - 60,000 is viewed optimistically, as long as the price wedge remains intact. I am anticipating a decrease, what about you? What are your thoughts?
Hello wonderful friends! Overall, after a sustained decline, XRP price found support near the $0.4865 area. A low was formed at $0.4864 and the price is currently attempting to mount a recovery wave, just like Bitcoin and Ethereum. There was a move above the $0.4950 and $0.50 resistance levels. On the other hand, XRPUSDT previously broke out above the key...
Yesterday I said that if the Bitcoin price cannot break through 63450, it will fall back. However, today the fallback is larger, with the lowest point reaching around 61450. The price currently encounters downward resistance above 61450. If the price breaks above 61850 again, the upward trend will continue. If the price falls below 60800, then the uptrend will...
OANDA:XAUUSD STARTS THE WEEK ON THE BACK FOOT WITH US CPI THE MAIN FOCUS Gold's value dipped at the start of the week, expected due to upcoming US CPI data and Jerome Powell's speech. After peaking, gold has retreated significantly as traders and investors consider their next steps. The softer US data, including a weaker jobs market and higher initial jobless...
Hello everyone, are you wondering about the recent trends of EURUSD? Currently, EURUSD is continuing to rise as the weakening of the US Dollar (USD) has spurred a strong response from EUR/USD. This currency pair has broken through several important resistance levels, turning them into new support levels. The recovery trend of EURUSD is further assured as it...
Hello summary traders! What do you think about XAUUSD's next trend? In terms of macro data: No macro data changed last night. The market will focus heavily on tomorrow's CPI data but first, this evening will release PPI data and then the speech of chairman J.Powell. With PPI data, I mainly pay attention to PPI m/m data and also need to determine that price...
Hello wonderful friends of Ralph Benjamin! Regarding developments and results of EURUSD impact news: A resurgence of bearish sentiment on the US Dollar (USD) fueled a strong reaction in EUR/USD, pushing it to multi-day highs north of 1.0800 at the start of the week . Conclusion and new outlook for EURUSD: EUR/USD recovered the recent gains recorded in the...
BTCUSD remains ensnared in a downtrend, currently hovering around $61,800, having lost 1.71% today. The price wedge is tightening, setting the stage for a potential breakout for BTCUSD. The outlook remains in favor of the bears, with a target of $58,000 seen as highly plausible. What's your take on the next move for BTCUSD?
Hello everyone! Let's discuss and strategize about SOLUSDT today! On the hourly chart we see the trend changed, then the market moved into a consolidation phase and reached $146.45 and is down 0.68% on the day. The market's resistance area continues to hold the price but in the context of gathering liquidity that is harmful to sellers and gradually approaching on...
BTC / USDT BTC has printed big falling wedge and the chance for big breakout is high however more corrections and final shakeout can also happen The bottom about to be formed So Keep accumulating BTC and strong altcoins and enter market partially In meanwhile you can ask about your favorite altcoin for analysis Best of wishes
GME SAVE THE TAPE! Back in June 2021, I warned people to GTFO out $GME when it was trading at $212 Today it trading at $20 and about to waterfall again. Despite my several follow-up warnings over the last year and a half people continue to fight me on this. SMH!
The price action of Bitcoin is relatively boring on the higher time frames, why is that? The answer to this question may be that summer is almost here, and statistically, Bitcoin has been going sideways pretty much every summer. Usually, the fun begins in August/September, when the volatility comes into the market. What can we expect from Bitcoin in the...
Hey everyone, let's check out what's happening with GBPUSD today! Right now, GBPUSD is adjusting its course after setting a new peak around 1.256, with a new support level identified on the chart. Later today, Fed Chair Powell will engage in a moderated discussion with Klaas Knot, the president of De Nederlandsche Bank, at the annual meeting of the Foreign...