Lynn would like to say hello to all of you! Thus, in general, gold has not changed too much compared to yesterday, mainly fluctuating above 2,300 USD. The market in general is still waiting in the absence of relevant macroeconomic data. Speculative concerns try to get clues from the words of Federal Reserve (Fed) officials, but so far, no one has provided new...
Hello all dear traders! Overall, is XAUUSD about to explode again after the previous profit taking of 2400 USD? From a technical analysis perspective a pattern has formed that allows XAUUSD to increase further in the future. - Main support key: 2300 USD, 2276 USD - Main Resistance Keys: 2328 USD, 2255 USD, 2300 USD, 2380 USD, 2400 USD. - Stop loss 2228...
Hello all dear traders! Let's discuss and plan our short-term strategy today! Overall, BTCUSD experienced significant volatility over the past day with the price falling past the $63,000 mark. It is currently trading at $62,627, marking a 0.49% increase on the day, since hitting $62,179. But! At the same time a pattern has formed which we often call a triple top...
Hello all dear traders! Gold has repeatedly tried to recover, the goal being to retest the circular resistance level of 2,400 USD, but previous recovery efforts have been hindered by many factors, including hawkish comments from Federal Reserve (Fed) officials may dampen hopes for a possible interest rate cut in 2024. This directly negatively affects XAUU and...
Hello all smart and rich traders! EURUSD continues to move sideways amid correction below the 1.075 breakout zone, price movements seem unchanged from yesterday's trading session, mainly hovering around 1.0747. Recent data shows the US Dollar strengthening amid expectations the Federal Reserve will maintain higher interest rates. Additionally, higher US...
Hello all smart and wealthy traders! On general market impact news: EUR/USD remains under modest downside pressure and trades slightly below 1.0750 during the European session on Wednesday. Hawkish comments from Fed officials kept the US Dollar resilient and did not allow the pair to recover. EUR/USD trades near 1.0750, where the Fibonacci 38.2% retracement...
Hello friends! GBP/USD came under heavy downward pressure and lost nearly 0.5% on Tuesday. The pair continued to fall lower early Wednesday and was last seen trading below the 1.2500 level. The US Dollar (USD) benefited from a cautious market sentiment on Tuesday and put pressure on GBP/USD. Additionally, hawkish comments from Minneapolis Federal Reserve...
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...
Hello all dear traders! Today, gold price touched 2310 USD, continuing to recover in the corrective trend and increased 0.09% during the day. Uncertainty amid rising US bond yields and a strong US dollar kept gold unchanged from yesterday's session. From the 4-hour chart, technically gold is completing a Falling Wedge pattern. In such a scenario, I would...
As mentioned in previous analysis, I believe the breaking of 60K to be important for BTC. If it is important, we'd be in a bull trap now. Currently we have to classic 76 retracement along with a butterfly correction pattern. Trying a fairly large short on BTC now. Expressed through shorts on BTC directly, OTM puts on COIN and OTM puts on MSTR. If the break...
Bitcoin (BTCUSD) has seen a major buy signal getting triggered at the end of last month, that few are aware of. Our dominant circulating liquidity + High Yield corporate bonds formula (black trend-line) made a bottom and is rebounding, while BTC has been consolidating/ marginally pulling back. Every time this combination took place in the past (green circles),...
Gold's 30-minute moving average is still in a dead cross downwards. Gold's 30-minute rebound seems to be strong, but it still has not been able to break through the downward trend line resistance. The gold downward trend line resistance has now moved down to around 2320. Gold has shot up many times and then fallen back. There are many resistances above, so...
Hello all dear traders! Let's discuss and strategize our new day! Overall, the EU is facing a decline below the 1.075 breakout support during the Asian session on Wednesday. The main reason is that the US Dollar increased due to expectations that the Federal Reserve will extend higher interest rates, which supported the USD and was detrimental to the EUR....
After 3 Days of Strong price increase Pressure on RSI level , reaching to neckline needs to have some rest on Fibo236
Hello traders ,what do you think about GOLD?Gold has been fluctuating between the 2300 and 2330 area for the past few days. Currently, the downward trend line has been broken. It is expected that after a little fluctuation in this zone, it will grow at least to the specified levels. If this post was useful to you, do not forget to like and comment.❤️
USD/JPY looking very Bearish after the previous rally, also a clear Bearish Sk sequence , on the 15m time frame you can see a nice displacement TO the downside which is Bearish using ICT Concept. going down with it :) Good Luck Guys
The NZDCAD pair just completed a Death Cross on the 1D time-frame, the first since June 20 2023. Even though the price rebounded inside the 1.5 years Higher Lows Zone, the prevailing pattern since December 2023 is a Channel Down. With the July 14 2023 High formed (and rejected) on the 0.786 Fibonacci retracement level, it is possible to see a rejection on the new...
orm case for the reasoning behind Bitcoin hitting $10,000 and why it’s not as unrealistic as you may think. 1. 10,000 marks the bottom of a bearish trend line I have marked on the linked chart 2. 10,000 corresponds with a bullish retest of a HTF chart pattern marked on chart 3. DXY looks ready to collapse - and with a falling US dollar over the next 0.5-1...