Hello there! What are your thoughts on BTCUSDT? Yesterday, Bitcoin saw a pullback towards the end of the session, slipping below the 70,000 USD support level and is now trading around 69,500 USD. It seems that BTC lacks the momentum to break past its record highs. Looking ahead, further adjustments are expected, and buyers need to hold the line at 67,000 USD to...
Hello friends, Yesterday, gold experienced a significant drop, losing over 800 pips and breaking through the crucial 2300 USD support and psychological level. Gold's recent movement created a false breakout, misleading many investors. Looking ahead, we anticipate a retest of the 2282 USD level, followed by a mild recovery in line with basic wave structure...
Hello everyone, let's dive into today's gold market update! Yesterday, gold took a sharp dive and is now standing at $2,294 per ounce, down $84.29 from the previous day, with no signs of stopping. This decline was driven by stronger-than-expected U.S. job reports, which crushed hopes for a rate cut this year. Additionally, data showed that China, the world’s top...
Hello everyone! Let's talk about XRPUSDT. Currently, XRPUSDT is trading within a descending channel on the short-term chart. However, there's an optimistic outlook as it appears to be forming a bullish flag pattern. After this period of consolidation, the price is expected to break out of the wedge and target higher resistance levels. I’m betting on the...
Hello everyone! What are your thoughts on XAUUSD? Looking at the 1D chart, it's clear that XAUUSD is currently in an accumulation phase, moving sideways around the $2400 level. However, the upward momentum remains promising as the Bulls are firmly defending the strong support at $2320. Given this scenario, it's likely that in the near future, gold will break...
Today, the EUR/USD pair is trading around 1.0790 afteDiverging Central Bank -U.S. Federal Reserve (Fed): The Fed is signaling potential interest rate hikes to combat inflation, strengthening the USD. Their aggressive stance makes the dollar more appealing to investors l -European Central Bank (ECB): The ECB is more cautious, focusing on economic stability...
Hello everyone! Let's dive into the interesting movements of gold at the end of this week's trading session! Currently, gold is trading around $2,370, with little change compared to the same time yesterday. However, the upward momentum remains steady at this level. Recent expectations of a rate cut have weakened the USD and lowered US Treasury yields, providing...
Today, BTCUSDT continues to hover around the psychological level of $70,000. Although the price hasn’t yet broken through the resistance zone near this mark, the bullish momentum remains intact. It seems that BTCUSDT might be consolidating to gather strength for a stronger move upward, with support well-placed at $69,000. What do you think? Do you believe BTCUSDT...
Yesterday, China's announcement of halting gold purchases for the first time in 18 consecutive months caused significant volatility and upheaval in the market. Today (8/6), gold prices took a sudden nosedive, dropping by 3% to below $2,300/ounce overnight. As of now, there's still no news from the Chinese government. According to Jessica's personal prediction,...
Impact of Gold Dropping 1.38% to $2,345/ounce Market Sentiment: A decline in gold prices by 1.38% to $2,345/ounce often reflects negative investor sentiment, which can lead to a sell-off in gold holdings. Strengthening USD: When the USD strengthens, gold tends to decrease in value as it becomes more expensive for foreign investors to purchase. Interest...
Hello everyone! Let’s dive into EUR/USD today! Currently, EUR/USD is showing little movement, settling into an accumulation phase around the 1.0900 level. The Bollinger Bands are tightening, indicating a period of low volatility and suggesting that EUR/USD isn’t poised for any immediate breakout. However, this calm period might be a precursor to a significant...
Hello everyone! Here are my thoughts on BTCUSD. Currently, Bitcoin is nearing a record high, trading above $71,000. This is a critical and sensitive phase for the cryptocurrency. On the bullish side: BTCUSD is trading well above the 34 and 89 EMAs, indicating a strong positive sentiment among buyers. If BTCUSD breaks through the current resistance, it could...
U.S.-based Exchange-Traded Funds (ETFs) directly investing in Bitcoin have seen unprecedented consecutive net inflows for 18 days, propelling the largest digital asset to record highs. Bitcoin ETFs are fueling the frenzy in the market. BTC is trading at an average price of $71,186. Its 24-hour trading volume has decreased by 5% to $26 billion, with a market...
Hello everyone! What do you think the next trend for EUR/USD will be? Currently, EUR/USD is trading close to 1.0900, having risen slightly early Friday. The pair is benefiting from a risk-on market environment, fueled by Thursday's rate cut decision by the ECB. This has increased expectations for a Fed rate cut in September, providing a positive boost for...
Here is our detailed technical review for US100. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 19,056.1. Taking into consideration the structure & trend analysis, I believe that the market will reach 18,811.5 level soon. P.S Please, note that an...
Hello everyone! Yesterday, international gold prices saw a significant drop, currently trading around $2,320 per ounce, down 1.5%. The primary reason for this decline is China's announcement to halt purchasing gold for its national reserves. China's decision has reduced the demand for gold in the international market, leading to strong selling pressure and a sharp...
Hello,Friends! It makes sense for us to go short on USOIL right now from the resistance line above with the target of 73.84 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅
Ahead of todays NFP I am expecting price to push up to 1.0910 area where I will be shorting from. I expect my target at 1.0820 and stops above 1.0930 level. Due to the volatility of the market on NFP it is advisable to use proper risk management.