Gold (XAU/USD) presents a compelling sell opportunity if the price retraces to the descending trend line around the 2350.00 region. Look for bearish entries at this level, targeting the initial support zone at 2285.50 as TP1. Should the downtrend continue, aim for TP2 at the ascending trend line, capturing further downside potential.
GBP/USD is in the midst of a compelling sell-off following its third bounce off a critical descending trend line on the daily chart, reinforcing a strong bearish trend purely through price action. The pair has started its descent from the 1.2850 area and is expected to plummet 350 pips, targeting the 1.2500 level. This classic technical setup underscores the power...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The People's Bank of China (PBoC) stopped buying gold in May, after 18 months of continuous purchases. This has weakened the price of gold. However, there is some support for the safe-haven XAU/USD due to a cautious market mood. Traders are hesitant to make aggressive bets before important US data and...
Based on our weekly analysis yesterday, CADJPY is one of our Sell Pairs. We are trading the CAD/JPY for a short-term sell looking for a target below 113.30. Stop loss above 114.40.
Expecting GU to respect this 3rd touch of the Daily trend line and move all the way down as price is already showing signs of reversal with previous Daily candle closing Bearish
Price is currently rejecting the Daily trend line for the forth time, expecting price to push all the way down to the Daily lows. Lets see how this plays out
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) came under renewed selling pressure on Tuesday and dropped to the $2,316-2,315 area, back closer to a multi-week low touched the previous day in the wake of a modest US Dollar (USD) strength. The attempted USD recovery from over a two-month low, however, lacked follow-through on the...
Hi traders we have potential sell trade on XAU/USD. we having lower high and higher low on 15 minutes just created our high and we looking to trade downside.
The EURUSD pair has rejected the resistance zone at least four times and is now indicating a potential reversal to the downside. The price action on the EURUSD chart is showing signs of exhaustion as it struggles to break above the resistance zone. Traders are closely monitoring the key support levels for any potential breakdown, which could lead to a shift in...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) trades lower on Thursday due to a stronger US Dollar (USD) and higher US yields. The reduced expectation of a September rate cut by the Federal Reserve (Fed) is putting pressure on gold as it increases opportunity costs. The second estimate of Q1 2024 US Gross Domestic Product (GDP)...
The EUR/USD monthly structure, viewed on a daily timeframe, indicates a SELL setup. The TDI (Traders Dynamic Index) has already shown a bearish cross, signaling the presence of sellers in the market. Additionally, the candle formation at resistance is an evening star pattern, which is a reversal indicator. On a smaller timeframe (H4), a triple top formation is...
GBPUSD is trading near the lower boundary of the descending channel. The price has fallen under the dynamic support, which now acts as resistance. We expect the decline to continue after testing the lower boundary of the channel. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity...
The USTEC monthly structure on the daily timeframe is represented by OHLC, indicating a Sell Setup . We are currently waiting for a bearish TDI cross on the daily chart to confirm the presence of sellers in the market. Additionally, the candle formation at the high is an evening star pattern, which signals a potential reversal . If the trade moves in our...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) gains strength on Monday, supported by a weaker US Dollar and escalating geopolitical tensions in the Middle East. The long-term outlook remains positive due to increased demand from central banks. However, expectations of fewer rate cuts by the Federal Reserve and a hawkish stance...
Greetings Traders! Brief Description🖊️: Today, I am focusing on trading the US30, with an interest in taking a selling opportunity to reach the H4 bullish order block. Things I Have Seen👀: Liquidity Engineering🔄: Currently, price is engineering liquidity right above the H4 bullish order block using a retail pattern (support zone). Confirmation Buy Zone🟢: Once...
✍️ NOVA hello everyone, Let's comment on gold price next week from 5/27 - 5/31/2024 🔥 World situation: Gold price stabilized on Friday after two consecutive days of losses, increasing by 0.23%. However, it experienced a weekly decline of more than 3%, marking the largest weekly loss since December 2023. The better-than-expected US Durable Goods Orders data...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) continues to decline due to the Federal Open Market Committee (FOMC) minutes being interpreted as more hawkish. This has limited the upside potential for gold. The cautious approach of the US Federal Reserve to maintain its restrictive policy for longer has boosted the strength of...
Is USDCAD exhausting at strong resistance level? As the price is been on high bull run but now it seems like price is lacking bullish momentum after reaching at resistance level and bearish divergence suggesting the sell pressure is about to start. If the bears took control , the 1st target could be 1.3630 followed by 1.3530. What you guys think of it?