Gold prices fell for the second consecutive week with the closing price just slightly above the $2,300 threshold at the end of last week. It is currently trading at 2311 US, marking a 0.4% gain on the day. Accordingly, DXY fell nearly 1%. However, the weekend session saw a rather strong withdrawal, somewhat narrowing the downward momentum. This has pulled the...
Hello dear friends, Today, let's explore the gold prices together! Gold has seen a slight recovery after a turbulent Friday, trading steadily around $2310 and rising 0.34% during the day. In terms of short-term prospects, gold seems to be moving sideways and remains in an accumulation phase with expected fluctuations between $2325 and $2290. Pay attention to...
This is the final warning and a friendly reminder; what we are about to witness is a "capitulation drop!" This event is not your common drop or "normal correction," instead, it is a major event that only happens once every several years and you have front row sits for it. ➖ If we calculate the average price for Bitcoin's trading range in the past month and a...
As mentioned in previous analysis, I believe the breaking of 60K to be important for BTC. If it is important, we'd be in a bull trap now. Currently we have to classic 76 retracement along with a butterfly correction pattern. Trying a fairly large short on BTC now. Expressed through shorts on BTC directly, OTM puts on COIN and OTM puts on MSTR. If the break...
Greetings traders, Today, BTCUSDT is hovering around $64,230 since its last dip last Friday. However, looking at the bigger technical picture, BTCUSDT is still operating steadily within a consolidation channel, with short-term prospects favoring the selling side given stable factors and support from RSI and EMA 34, 89. The $69,000 mark may appear soon, but...
Hello all dear traders! Let's discuss today's trends On the demand timeframe, we see the trend has changed as the market enters medium-term sell-off correction waves, with resistance holding the price in the context of a weak recovery to date. Personally, I appreciate that Bitcoins weakness has not stopped the decline that will continue in the near future. The...
Hello, Trade identification is the process through which you are able to identify setups that can be actioned on in the markets. For this example, I shall be using the BTCUSD chart to chant my path as I look for tradeable setups. 1: Structure drawing Identifying the structure of trades is very key since it creates a sense of knowing where the market is at from...
Hello everyone, Today, gold prices continue their recovery momentum since Monday, with the metal gaining over $25 since the start of the new week. Although gold has experienced two consecutive weeks of decline following a five-week recovery streak, overall investor sentiment remains optimistic towards this precious metal. From chart analysis, we observe that...
Hey Everyone, Great start to the week with our 1H chart idea playing out, as analysed. We started with our 2305 Bullish target hit followed with ema5 lock above 2305 opening 2321. This was then hit perfectly completing this target with plenty of time to get in for the action. We now have ema5 lock above 2321 opening the next range upto 2346. Its over 200 pip...
The EUR/USD is trading within a tight channel around 1.0750 at the start of Monday after closing last week positively. The technical picture suggests that this currency pair may continue its upward momentum in the near term as the price range widens. Disappointing data releases from the US weakened the US Dollar (USD) against its counterparts on Friday, boosting...
World gold prices fell for the second consecutive week with the closing price just slightly above the threshold of 2,300 USD at the end of last week. Set in the context of relatively conservative fluctuations after important news, notably the Fed's monetary policy statement in mid-week and US employment data released on Friday. Last week was fundamentally rich,...
Hello there, What are your thoughts on BTCUSD? In the short to medium term, I continue to favor buying strategies as it undergoes a new recovery phase, currently hovering around $65,000 and showing a 2.80% increase for the day. However, upon closer examination of the technical charts, indicators such as RSI and trend lines are showing signs of divergence,...
📌GBP/USD continues to gain momentum, currently trading around 1.2550. The pair's strength comes from financial market predictions that the BoE will reduce interest rates from its September meeting, in line with expectations of a similar move by the Fed. 📌Speculation about the BoE moving to cut interest rates has been postponed due to concerns about strong UK wage...
Hi everybody! BTCUSDT is consolidating above previous downtrend resistance. Confirmation of a trend change would be a consolidation above the price moving sideways around the current level near the support zone. It is likely that the market will try to change the trend. At this point the realization phase will take shape. We await confirmation of a trend change...
Hello all dear traders! EUR/USD fluctuated in a tight channel slightly above 1.0750 early Monday after closing last week in positive territory. The technical picture suggests that the pair could continue to rise in the short term. Speaking of short-term upside: the release of disappointing data from the US has caused the US Dollar (USD) to weaken reinforcing...
📌The ECB appears to be on track to cut interest rates in June, barring any major surprises, and recent inflation data further strengthens the case for a rate cut ahead. In contrast, the Fed decided to leave interest rates unchanged on Wednesday, citing the FOMC's lack of progress in bringing inflation back to its 2% target. EUR/USD is trading in a fairly wide...
Bitcoin is forming this bullish flag pattern on the daily chart, and we have a lifetime opportunity to buy Bitcoin at the bottom of the flag. What's more, we have a long-term trendline starting in October 2023, which is another reason to buy Bitcoin in confluence with multiple technical indicators. A lot of people are calling for Bitcoin winter, but I don't think...
Hello dear traders! In the short term, as mentioned earlier EURUSD is consolidating above high levels with trading activity on the 4 hour time frame. But at the same time there is a potential top at the May high of 1.0812, support is around 1.0755 if this level is breached it could send the EU lower potentially reaching 1.0700. In the medium and long term, the...