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...
Dear traders! Gold has ended the wave of adjustment in the context of market expectations that the US will follow the ECB in loosening monetary policy, in the direction of reducing interest rates in the near future. At that time, the USD will decrease in value compared to many other foreign currencies. Gold prices may increase even more in the future. 2 Plan to...
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...
Dear traders! Previously after breaking out of the wedge we saw BTCUSD update its high of $71,500, after which it had a corrective move as I predicted. And now it trades relatively stable below $71,000 and we predict BTC will continue the wave of liquidity capture correction below this zone and grow further if it does not succeed in conquering the peak. 71,650...
Dear traders! GBP/USD consolidates and remains near weekly highs but below 1.2800. Although the pair tested the trend channel support, the pair seems reluctant to break decisively above that level which could push the price to a year-to-date (YTD) high of 1.2894 Amid a cautious market mood, the US Dollar held its ground and did not allow the pair to move...
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! 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...
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...
Dear traders! Gold's return to a key support structure follows an update to a high of $2,387. =)2332 USD would be a good entry point to buy on the next bull run! This is also the previous resistance structure. If the price forms a Bullish Pin Bar After touching 2332 USD, the opportunity will be better, because the general fundamentals of the market are still positive.
Dear traders! USDJPY is still falling. The support at 155.55 failed to turn UJ around and the downtrend continued. But based on the setup and model, it is expected that after UJ drops to 154.80, the price will recover based on the setup of a double top and bottom pattern that is likely to form. This price increase is expected to target the falling channel...
Dear traders! The EU has broken the Neckline so the outlook continues to be positive and maintains activity based on the previous uptrend, the main reason is that the market tends to be temporarily satisfied with Thursday's decision to cut interest rates by ECB. This increases expectations of the Fed cutting interest rates in September, through which the EU may...
Hello friends! A descending price channel is gradually starting to appear on H4 which usually determines our outlook. Speaking of news: Gold prices remained under strong selling pressure during the European session, extending losses below $2,350. China has paused purchases of gold reserves after 18 consecutive months, exacerbating the decline in gold...
Dear traders! BTC is testing local highs and during the correction is consolidating above downtrend resistance. Confirmation of the trend change will be a consolidation above the price level above 68,870. At this point the realization phase will take shape. We await confirmation of a trend change with a view to further strengthening. Therefore, it would be more...
Dear traders! On almost every timeframe, gold is showing significant gains remaining at high levels with steady trading activity on the H1 timeframe. However, in terms of prospects, previously, after testing the high of 2380, sellers actively corrected and sold off. This precious metal's strength may have been exhausted, as can be seen by the setup against...
Traders! BTCUSDT today once again moved strategically with a cup and handle pattern, confined below the local resistance level of $73,000 that needs to be broken to realize growth up to the $100,000 target. What we are doing now is buying up to $73,000. The break above the mentioned resistance line will materialize growth.
Hello traders, what are your thoughts on BTCUSDT? As predicted yesterday, BTCUSDT continues to rise, currently forming a bullish cup and handle pattern with support around the $67,000 area. The price is now aiming for the $73,000 mark, and I have high expectations for this target. I continue to favor a long-term Buy strategy as the 34 and 89 EMAs remain...
Dear traders! Bitcoin updated to a new high of $72,000 as sellers actively defended it amid a wave of corrections and sell-offs. But based on the setup and model I expect that after the correction and retest of the 34.89 EMA the price behavior will be consistent with our long-term buying strategy. It is expected that if the upward momentum continues, the increase...
Hello dear traders! On the previous 1D timeframe we can see the trend changed then the market entered a consolidation phase and reached 3851 USD. Market resistance continues to hold prices, but amid price compression and gradual approaches on growing base volumes. I expect that after the correction and in line with Fibonacci 0.618 and retesting the 34.89 EMA...