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...
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...
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...
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
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, XAUUSD continues to consolidate below the $2328 resistance level. But! At the same time, a falling wedge is gradually forming. Theoretically, Gold will continue its technical decline to support lines and the $2250 support area at least. Fundamentals and news: From the 4-hour chart, After retreating to the $2,310 area early...
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...
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...
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...
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...
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 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...
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...
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...
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...