By diving into the #Tesla stock chart, we can observe that the price has reached a critical supply zone. The pattern emerging on the chart suggests that a significant downturn in Tesla's stock could be imminent. However, keep an eye on the crucial resistance at $199—if the price breaks and holds above this level, it would invalidate this bearish outlook. Should...
Upon analyzing the XAU/USD chart in the 2-hour timeframe, we observe that the price declined from $2370 to $2325! Subsequently, gold rebounded with demand and is currently trading in the range of $2340. It’s possible that after an upward movement, we might witness further decline in gold prices. Keep an eye on the price reaction in the range of $2350 to $2360!...
EURUSD has turned bullish short-term on its 1D technical outlook (RSI = 59.604, MACD = 0.002, ADX = 30.311) as it rebounded before the 1D MA50/200 test. This is making a LH, same way it did on March 21st, again after holding the 1D MA50/200. Similarly, the 1D RSI us on the MA period. A rejection today validates the fractal bias of happening again. In that case, we...
World gold price (XAU/USD) yesterday increased more than 25 USD to a high of 2,358 USD. Although expectations about the Fed cutting interest rates recently have many negative changes, gold has a lot of momentum and one of the measurements is that the world geopolitical situation is becoming more complicated with military conflicts. There is increasing tension...
USD/CHF Long Minimum entry requirements: • 1H impulse up above area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. SUGAR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of...
AUD/USD Long Minimum entry requirements: • Tap into area of value. • 1H impulse up above area of interest. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. SUGAR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5...
Closing the buying and selling consultation withinside the US marketplace this morning, the arena gold spot rate became round the edge above 2,353 USD/ounce, a pointy boom of nineteen USD/ounce in comparison to the preceding buying and selling consultation last on this marketplace. Qatar`s Ministry of Foreign Affairs protested the huge assault on a refugee camp in...
Currently, investors are waiting for the personal consumption expenditures price index (PCE), the preferred inflation measure of the US Federal Reserve (FED), expected to be announced on January 31. 5 for more clues about the future direction of Fed policy. The gold market will be sensitive to inflation data. Accordingly, if the report shows falling price...
Gold prices rose during the Asian session on Monday. The metal's rise is supported by a weak USD and rising geopolitical risks in the Middle East. Speeches from Fed officials such as Fed Chair Michelle Bowman, Cleveland Fed President Loretta Mester and Minneapolis Fed President Kashkari on Tuesday will be notable. However, lower bets on a Fed rate cut this year...
The gold market has had a volatile week, recording record highs before plummeting. On Monday, the price quickly reached a new historic high of 2,450 USD but could only hold there for a short time and then retreated to close at 2,426 USD. On Tuesday morning, gold prices began to decline slightly but still had a retreat and closed at 2,421 USD. This small decrease...
📌GBP/USD steadies above 1.2700 following a decline in UK retail sales. GBP/USD recovered and steadied above 1.2700 after falling to weekly lows below 1.2680 early in the European session on disappointing UK Retail Sales data. USD struggles to find demand on the upbeat risk mood and allows the pair to hold its ground. 📌The Relative Strength Index (RSI) indicator...
XAU price continued to decline as investors took profits after the latest meeting minutes of the US Federal Reserve (Fed) showed that interest rates will stay higher for a longer period of time. After the release of minutes from the Federal Open Market Committee (FOMC) meeting, the Fed's decision-making arm, revealed that, although policymakers expected price...
The marketplace is paying near interest to the exertions marketplace, which stays an crucial thing for the Fed`s financial policy. Economists notice that a tightening exertions marketplace will push salary inflation higher, to be able to growth customer fees overall. We anticipate traders will retain to shop for strongly whilst fees fall and we do now no longer...
Today's Trade Summary 📊 2x Trades Taken (1x Win & 1x Break Even) 📈 EUR/USD failed to gain enough momentum when the NY markets opened, so we closed for break even to protect our profits. XAU/USD (Gold) hit TP 1 for a 98.5 pips move, with all profits taken off the table at this time of writing, equating to a 1:1 Risk Reward gain. 💰🏅 I still expect XAU/USD to move...
With gold being at all time highs our analysis on this week's play was carried out on the Daily and 4hr to set a respectable tone to price action and what we anticipate seeing over the coming day(s) / week. On the daily we see that price has finally exhaused itself to complete its upward move to the extreme supply zone of 2,440.372 and has now started to retrace...
On the monthly we are currently witnessing the formation of a descending trangle in preparation for a breakout to the upside if we cross 1.13093 or to the downside if we cross 1.04898. This level has been mitigated back in July 2022 taking all buy side liquidity in the process beofre returning to create the new support level to begin a new wyckoff accumilation...
SOYBN/USD Short Minimum entry requirements: • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it. SUGAR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
USDCAD is neutral on its 1D technical outlook (RSI = 50.081, MACD = 0.001, ADX = 32.778) as it formed a Lower High yesterday and today got sold aggressively. This is a Channel Down since the April 16th High, which having broken under the 1D MA50, has confirmed the continuation of the bearish price action. We expect the 1D RSI to at least hit the 30.000 level, as...