Gold prices edged up slightly in Wednesday's Asian session, getting small support from safe-haven demand due to geopolitical tensions but coming under pressure from recent hawkish comments by officials. Fed officials Gold was supported by some safe-haven demand this week as the conflict between Israel and Hamas worsened and ceasefire talks made little...
Gold prices attracted some buyers during Asian trading hours on Wednesday. Safe-haven demand, fueled by geopolitical tensions and uncertainty, as well as ongoing central bank purchases, could contribute to gold's rally. Gold prices traded stronger during the day. However, the yellow metal's positive long-term outlook remains unchanged as XAU/USD sits above the...
Analysis: Factors Driving Gold Prices Up Here is why we think it will go up (FUNDAMENTAL ANALYSIS) Weak NFP Report and Potential Fed Rate Cuts: The recent Non-Farm Payrolls (NFP) report came in weaker than expected, signaling sluggish job growth in the United States. This unexpected weakness has raised speculation that the Federal Reserve may consider...
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...
FX:XAUUSD continues to consolidate, the market is uncertain, there are reasons for both long and short positions, but everything will be determined only by the exit of the price from the specified range. The current situation is as follows: the price earlier broke the resistance of the wedge, which in general can be perceived as a hint of the end of the...
FX:GBPJPY is testing trend support, but buyers are keeping the price away from risk zones. The currency pair is returning to the bullish zone relative to 193.5, which generally opens up the market to 195.0-197.0 upside potential On W1, the currency pair after a false breakdown of global resistance is moving back to 195.844, which generally tells us about the...
Some altcoins have stayed behind during the most recent BTC surge. These include : 👎 DOT 👎 XRP 👎 ADA 👎 UNI 👎 HBAR 👎 CRV 👎 ALGO Overlay any of these with the BTC chart, and you get something similar to this. Now compare it to the PREVIOUS BTC all time high. I'm not saying these coins are done for, or that they do not have a future. But my focus is on coins...
FX:XAUUSD is testing the resistance of the range, the market maker is capturing liquidity around 2328 and is not ready to let the price go yet. Trading inside 2328 - 2300 continues. On Sunday we discussed the bullish trend, correction and the fifth wave that may get its start after the end of the correction. Yesterday price tried to form a confirmation of the...
TRB recent series of surges caught everyone by suprise. It has risen an impressive 500% in just 3 months. It has undergone muted correction from its peak at 67 before trimming back to 40 levels. Now it's ascend journey has reset so-to-speak with 4h metrics suggesting higher lows and net buying activity at the current range conveying preparation to retest...
💎 Paradisers, get ready for a compelling trading opportunity with #FTMUSDT, a coin that demands close attention. Currently, there is a heightened probability of a bullish reversal from the key support at $0.5620. If the price can maintain its momentum at this level, there’s a strong chance it could initiate a bullish push, aiming to breach above resistance and...
I like trying USDCHF lower here. i think the narrative is shifting slightly for USD. The latest fed meeting was relatively dovish and NFP last week came out somewhat weak. The CHF weaker narrative on dovish SNB seems to be a little stale now as well, while they could still be a little dovish the recent CPI data came out quite strong and i don't think the SNB...
the GBP/AUD pair on the M30 timeframe presents a potential shorting opportunity due to the presence of a bearish pennant pattern. Potential Short Trade : Entry: Consider entering a short position (selling) below the broken support trendline of the pennant after confirmation. Ideally, this would be around 1.9000 or lower if the price continues to decline. Target...
GBPUSD turned down in price, confirming the previous false breakout signal, so you can see that the short-term trend of this currency pair is decreasing so you can sell. The nearest resistance area is the supply area and also the previous peak and bottom area around 1.2530. You can wait for the price to return to this area and then look for a signal to sell...
Dear Traders, DXY strong bull run continue to dominate all the USD pairs, and it will likely to dominate the market in future. Because recent significant economic data came out in favour of DXY with great margin. We personally also think that price is likely to rebound strongly from our entry zone. Price had accumulated for weeks in a pennant channel and broke...
If you haven`t exit SHOP when the selloff started: Then analyzing the options chain and the chart patterns of SHOP Shopify prior to the earnings report this week, I would consider purchasing the 78usd strike price Calls with an expiration date of 2024-5-10, for a premium of approximately $3.75. If these options prove to be profitable prior to the earnings...
Gold technical analysis Daily resistance is 2320-26, support below is 2300-2293 Four-hour resistance 2320-26, support below 2300-2280 Gold operation advice: Gold once again had a range-bound market trend yesterday. Judging from the current trend, today gold will focus on the upper resistance at 2320-26, and the lower support at 2305-2300. This is also the...
BINANCE:TRXUSDT is forming the break of the descending wedge structure, which in general activates the realization of the bullish pattern On W1 the price is testing one of the key global levels. Consolidation of the price above 0.1184 will be a confirmation of global bullish intentions. Alitcoin has not yet updated the intermediate and global high, which...
BTC price was back to above 60K, it's above the support, I think the price now is a great time to entry long position!