I'm bullish on Gold for this week, but I'd like to see some downside before upside. PPI later today.
Yesterday’s candle had a $3000 spread, causing full euphoria in the crypto community. People are looking for ANY evidence that the bull market is resuming in full force. A simple look at the chart made it crystal clear that this price action was a nothing burger. Price is still trading near the range lows, rejected at key resistance etc. Once again, I know...
12th May 24 Sunday London Session 04.00am Entry 13.370 Profit level 14.594 (9.15%) Stop level 13.145 (1.68%) RSI as base of Zone 1Hr TF
Yesterday's unilateral decline in gold ended in line with expectations and gradually adjusted towards the 2330 mark, which is also the only key support on the daily line. During the 4H cycle, the high point has been under pressure. Although there is a rebound under the 2330 first-line support in the short term, it remains to be seen whether the weakness can be...
From the previous market, the price of the crypto asset will rise significantly after the Bitcoin halving event, which matches the current market conditions. So expect a bull market in the next year and a half. From the perspective of sentiment analysis, the current funding rate of the Bitcoin perpetual coin market has remained slightly negative over the past two...
Hi guys, this is the dollar index I saw on the chart. Based on technical and fundamental factors, the US dollar index is in a strong support zone, which also points to further upside in the next few weeks. I'm looking forward to buying the dollar against other currency pairs because it will be much stronger than it is now. From November 2023, the gap will be...
EURUSD is falling toward the pivot and could potentially bounce off a pullback support that aligns the 61.8% Fibonacci retracement and rise toward the multi-swing high resistance Alternatively, if price breaks below the pivot, it could continue to fall to another overlap support level Pivot: 1.0747 Support: 1.0718 Resistance: 1.0793
Today SPY quickly broke out of the downtrend and even broke above the already formed bear flag. Volume was low last week, but SPY closed strong, pushing all the way up to $520. It's crazy to see SPY now considering what the market was like a few weeks ago. The bear gets squeezed again. I'm skeptical about this rally, so I'm basically not going to do anything...
Now VIX to S&P and ATR models. The strategy looks at the 50-day moving average and the VIX If the Vix is high and the 50-day moving average is at a high level, the S&P is down, potentially exceeding the correction and finding buying opportunities.
Most board members adopted a "hawkish" stance, calling for a rate rise, according to the Bank of Japan minutes. However, many analysts believe the Bank of Japan will only make such a move once in the second half of the year. As the Relative Strength Index (RSI) shows, USDJPY gains will continue as the momentum is on the buy side. This, coupled with prices above...
Sunday 13th May 24 23.00pm Tokyo Session 15min TF Entry Day - Structure Entry 1.36850 Profit level 1.36099 (0,55%) Stop level 1.36943 (0.07%) RR 8.08
US30 has broken out of the resistance level, which acts as an overlap resistance, and could potentially rise to our take profit target. Entry: 39,358.62 Why we like it: There is an overlap resistance level. Stop loss: 39,078.47 Why we like it: There is an overlap support level. Take profit: 40,012.33 Why we like it: There is a pullback resistance level.
Gold high fall basically in place, one hour line, bull stable 2352 line key watershed, below the average line of gold bifurcated to continue to enlarge, the first support level of the average line has arrived 2360 line, although the gold price slightly below the average line of support, but last week the line closed Yang to bring us a clear direction! Bullish,...
After gold rebounded and came under pressure at 2350 resistance, it fell directly, and then fell below a new low. Gold broke through and fell, and short-term bulls were weak. The 30-minute moving average of gold has formed a dead cross downward short position. The 30-minute gold has formed a downward trend. It has rebounded weakly along the downward trend line....
Friday's market came a big reversal, did not go according to our forecast, that is, six consecutive falls after three consecutive rises, but after the ASEM shock rose half of the unilateral decline market, but also led to our two multi-single strategy on Friday was stopped, the range of this wave of falls is relatively large, From Friday's high of $79.96 to the...
Stock Index Futures Show Little Movement Ahead of Key U.S. PPI Data and Powell's Remarks Federal Reserve Vice Chair Philip Jefferson emphasized on Monday that maintaining current interest rates is prudent until there's clear evidence that inflation is on track to meet the Fed's 2% target. Describing the Fed's policy stance as restrictive, Jefferson voiced...
As discussed throughout my yesterday's session commentary: "My position: I have engaged Selling order with #2,361.80 entry point when market opened last night and closed my order on #2,340.80, delivering fine #21-point Profit. Since #2,338.80 - #2,342.80 represents Short-term Support, I will take no more Risk and await more comfortable re-Sell entry. I am more...
The UK labour market report released this morning showed job losses, rising unemployment and persistent wage pressures. But the report doesn’t seem to have changed much for the market as the focus remains on the two inflation reports that will be delivered before the next BoE meeting in June. GBP/USD was a marginal move higher after the release but the pair pulled...