Hey everyone, let's dive into today's gold prices! In the early hours of May 8th, gold traded at $2,310 per ounce, down $15 from the overnight high of $2,325 per ounce. Gold prices fell as some Federal Reserve officials indicated that inflation in the US remains high and interest rates may stay unchanged for longer. In response to this information, the...
Liquidity is slowing off Etherum toward Bitcoin as show on the ETH/BTC pair structure at lower timeframe is respecting the 50% fib level and also trending downward inside the channel , as it repeats is similar pattern!! Thank you for watching Follow me for more crypto analysis
Greetings, everyone! Let's delve into today's gold price. Currently, gold continues to hover around $2300 with little change compared to yesterday's trading session. Gold remains steady amidst the backdrop of increasing US bond yields and a strong US dollar. Traders are awaiting Thursday's unemployment claims data followed by Friday's University of Michigan...
Hey Everyone, Once again our plans to buy dips played out perfectly with levels being respected!! Not much change to the chart dynamic today, as we see price playing between 2305 Goldturn support and 2321 Goldturn resistance. Our support levels are giving us the bounces needed inline with our plans to buy dips knowing we have gaps open above and the size of...
BTCUSDT Trading Strategy: Today, BTCUSDT continues to move within a long-standing downward price channel, with prices hovering around the $60,000 mark. It is anticipated to experience further declines and adjustments if the price channel is not breached by the Bullish side. My idea is that BTCUSDT will follow the analysis on the chart. How about you? What are...
Bitcoin looks very strong at this moment. We can see that the price is breaking out of the descending parallel channel on the daily chart. The price is above the channel and has already retested the downward-sloping trendline. We should see a strong pump from the current price. Why is bitcoin pumping? From a technical perspective, it's pretty easy to say. Take a...
GBP/USD keeps sliding and trades in the negative territory below 1.2500 after losing nearly 0.5% on Tuesday. The newfound strength of the US dollar, fueled by hawkish remarks from the Fed, weighs heavily on this pair as market focus shifts to the policy announcements from the Bank of England on Thursday. From chart observations, this pair has broken out of the...
Hey traders, what's your take on XRPUSDT today? In my personal view, XRPUSDT seems to be under the control of sellers, with carefully observed support factors from the chart. I continue to advocate for trend-following selling strategies with hopes that prices will move as analyzed. Stay tuned for precise entry points, I'll update the post regularly to keep you...
Judging from the daily chart, the price has fallen below the 50-day moving average, and the 10-day moving average and the 20-day moving average have formed a cross, indicating that short selling will continue in the short term. Bitcoin is in a short-term downward trend after falling below the important resistance level of 63,000 yesterday. Today the price...
This is the final warning and a friendly reminder; what we are about to witness is a "capitulation drop!" This event is not your common drop or "normal correction," instead, it is a major event that only happens once every several years and you have front row sits for it. ➖ If we calculate the average price for Bitcoin's trading range in the past month and a...
BTCUSD Trading Strategy: BTCUSD has recently broken out of the strong support zone at $63,000 as marked on the chart. In the short term, this cryptocurrency continues to favor sellers as signals from EMA and resistance levels support new selling waves, with profit-taking around the $61,000 area as the Bearish side begins to control the trend! Wishing you happy...
Today, gold prices rebounded as the DXY index in the US market retreated to the 105 level, down from 106.4 at the end of last month. This decline in the greenback came after Federal Reserve Chairman Jerome Powell dismissed the possibility of the US central bank raising interest rates. The Fed has not signaled when it will cut interest rates. Additionally, the US...
Hello dear friends, today EURUSD remains trapped below the resistance level of 1.075 as the US dollar sees a slight uptick. Consequently, the pair seems to be trading subdued compared to yesterday, with market sentiment focused on speeches from ECB policymakers. Looking ahead: EURUSD is trending downwards, with the 4-hour chart indicating that the pair is...
Hello dear Traders . In the gold chart, we can see that the price managed to hit both of the next targets, namely $2,308 and $2,303, resulting in a 200-pips yield for us! Now, the price is near a demand zone ($2,291 to $2,303), and I assume that with the price entering this range, we will witness an increase in demand that could drive the price to higher targets...
Dear beloved friends, today, after forming a triple top pattern, EURUSD has undergone a more pronounced short to medium-term downward correction as it broke through the support level of 1.075. Chart data, along with the convergence of EMA 34, 89, also signals favorable selling opportunities at the current juncture. It is expected that after this short-term trend...
Hello traders, what are your thoughts on SOLUSDT today? As of the latest update, SOLUSDT has lost nearly 2% for the day and is trading steadily around $145.83. Looking at the overall trend on the 1D chart, it seems that the downward momentum is somewhat restrained, but accumulation behavior is still ongoing. There hasn't been much significant movement in price...
Today, the GBP/USD pair remains on the defensive around the 1.2495 level at the start of the Asian trading session. The US dollar continues to gain ground for the third consecutive day, putting pressure on the potential recovery of GBPUSD, which seems unchanged in price compared to yesterday. The prospect of further price declines remains intact. Currently, the...
USD/JPY is trading around the 155.50 level at the start of the European trading session on Thursday, marking the fourth consecutive day of gains. The US dollar is strengthening due to the Federal Reserve's potential interest rate hikes. Furthermore, hawkish comments from the Fed Chair have bolstered the greenback, thereby reinforcing the USD/JPY pair.