Dear traders! Gold prices today continued their upward trend with spot gold increasing by 15 USD to 2,350.7 USD/ounce. Gold futures last traded at 2,352.5 USD/ounce, up 18 USD compared to yesterday morning. The yellow metal price increased slightly at the beginning of the week as investors expected an important inflation report published later this week that...
Dear traders! EUR/USD is gradually approaching the 1.0900 level, with the prospect of further activation of the classic "bull flag" technical pattern in the medium to long term on the 2-hour chart, which is generally unlikely avoid further price increases in the near future. Amid shifting sentiment, sustained weakness in the US dollar and upbeat mood contributed...
Dear traders! EURUSD has formed a classic bullish structure (bullish flag). Theoretically the pair should strengthen further. And we are expecting a further move towards targeting at least the 1.0895 local high. A breakout and consolidation above this level will see the pair looking for higher highs possibly at 1.1000. If you like the idea, don't forget to leave...
Dear traders! I still maintain faith in GU's uptrend because the overall trend is still favorable for buyers as the price continues to rise above the 34 and 89 EMA, signaling and creating new momentum for GBP/USD. With the possibility of forming a DOW, using Fibonacci, the price has reached the perfect level of 0.618 i.e. 1.265 and increased sharply up to 1.277...
Currently, gold is on a strong recovery path, reaching 2,354 USD, about 15 USD higher than the same time yesterday. This upward momentum is supported by the weakness of the US dollar. The DXY index fell nearly 0.1% from 104,747 to around 104.64 points, creating favorable conditions for this precious metal. In the short term, gold's target remains the 0.5 - 0.618...
Dear traders! USD/JPY is reversing from near 157.00 in Asian trade on Tuesday, weakened by a fresh wave of US Dollar selling, as risk sentiment gets a fresh boost on China optimism Quoc. Investors are waiting for Fedspeak and key data to determine the pace of interest rate cuts from central banks going forward. In terms of technical outlook, from the 1-hour chart...
Dear traders! Overall, this week's outlook for GBPUSD is bullish as it recovered and stabilized above 1.2700 after falling to weekly lows below 1.2680 early in the European session on the back of promising Retail Sales data. UK disappointment. USD struggles to find demand on the upbeat risk mood and allows the pair to hold its ground. With a positive outlook this...
Dear traders! Overall, EURUSD experienced significant price gains yesterday with a breakout from falling wedge resistance amid a generally positive backdrop as the US Dollar (USD) struggled to maintain its strength and helped the pair partially erase weekly losses. Currently, at the end of this week's trading session, EURUSD has paused at 1.0845 and it seems that...
Dear traders! World gold prices tend to increase with spot gold increasing by 2.4 USD compared to last week's closing level to 2,335.7 USD/ounce. Last week, world gold prices continuously "plunged" after breaking all the records conquered in April. Kitco News's latest weekly gold survey results showed that more than three-quarters of experts believe gold prices...
Dear friends, let's discuss and strategize for today! The EUR/USD pair traded in positive territory for the second day in a row around 1.0850 during early Asian trade on Monday. A stronger-than-expected Eurozone preliminary purchasing managers index for May provided some support for the Euro. In case EURUSD continues to hold this high and confirms the 1.0842...
Greetings, Traders, Brief Description🖊️: At the moment, I am seeing a potential draw towards minor bullish objectives, specifically the H4 buy stops, and a movement towards the institutional resistance point (reclaimed order block) to fully fill the daily timeframe FVG. This point is also aligned with a liquidity void, indicating a price inefficiency that may be...
👋Hello Traders, Our 🖥️ AI system detected that there is an ICT Long setup inETHUSDT for scalping. Please refer to the details Stop loss, FVG(Buy Zone),open for take profit. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal...
Dear traders! As Ryder mentioned in last week's analysis, EUR is currently in a corrective recovery phase, receiving support at $2328. However, overcoming the $2375 resistance seems challenging and remains on target. Currently, XAUUSD is trading steadily below immediate resistance at $2355 and there are no signs of a reversal in the pair's trend yet. It seems...
Hello traders, hope you like this trading idea. In the coming days, I think we will likely see a short-term uptrend in EURUSD to the indicated level, so with a suitable trigger, we can open a long position. and finally tell me what do you think? Up or down? Leave your comments below. If this article is useful to you, please like and share with your friends. Thank.
The EUR/USD pair is trading in a local uptrend, which can be recognized by looking at the previous green 1W candle. On the 6H time frame, this pair is going down however the BB indicator is showing a sideways trend after expanding. Therefore, we are looking to buy a pair with the lower BB line acting as support. The next target is the 1.088 area.
Dear traders! USD/JPY remained on the weak side during the Asian session on Monday, weakened by recent cautious comments from BoJ policymakers and a broadly depreciated US dollar. The pair did not benefit from the modestly upbeat market mood as thin trading limited movement. In terms of medium and long term, I am personally still optimistic about the prospect of...
Dear traders! Today, world gold price closed at 2,334 USD/ounce, up 9 USD compared to the lowest price in last night's trading session of 2,325 USD/ounce. The precious metals recovery is underpinned by a pick-up in US manufacturing activity. Meanwhile, a recent poll by the University of Michigan (USA) shows that consumers have mixed expectations about the...
Last week, the gold market witnessed a significant decline and seems likely to continue to correct this week. Gold prices opened the session stable at around 2,340 USD and remained stable in the early hours of the Asian trading session. Gold prices reached a record high of 2,450 USD/ounce early last week before the market reacted to news of the tragic accident...