Global gold prices remain steady, with a slight drop of $2.4, trading around $2,330.2 per ounce. Rising US Treasury yields and a stronger USD have put pressure on the precious metal as the market awaits reports for more clues on the Federal Reserve's interest rate path. Currently, the market is anticipating the non-farm payroll data to see if the US labor market...
Gold (XAU/USD) started today with slight gains, hovering around $2,330/ounce. This gold price volatility is driven by a number of important economic and political factors. Expectations that the FED may cut interest rates in the coming months have created downward pressure on the USD, thereby supporting gold prices. Personal Comment Gold price is stable in the...
In my previous EURUSD post, I analyzed the historical chart (1971 - 2024). You know that EURO is heading for a big crash. If you haven't seen this very important post, please check out the related section down below. You have to see it if you are a real EURUSD trader. Today, let's take a look at the actual 2023/2024 price action to see what is going on here. We...
BTCUSDT is returning to its downward trend after a brief upward correction. On the 1D chart, BTCUSDT is hovering around $61,500, having lost nearly 1%. The short-term trend continues to indicate a bearish momentum, and I anticipate that it will break below the trendline soon after consolidating around its current range, as indicated on the chart. What are your...
Gold pullback to key structure 2322 would be a good entry point to buy the next rally! This was also a key support structure earlier in a long-term consolidation phase. Along with that, it also played an important role in keeping the price down in the falling wedge as mentioned by the red pin. Therefore, it would be more reasonable to wait for a buying opportunity...
Two plans to buy gold: A. Continue to increase B. Wait for the price to pull back to the support zone at 2325 if we see the price cannot go beyond this level anymore, we can buy gold Manage 2% for your account Long term target: 2365 for a big hit
Gold prices continued to struggle to gain any meaningful traction on Wednesday. Traders seem reluctant and want to wait for more signals about the Fed's interest rate cut roadmap. Investors look to the FOMC meeting minutes for further impetus ahead of Friday's NFP report. The daily chart for XAU/USD shows it hovering around the flat 20 Simple Moving Average (SMA)...
The EUR/USD spent Tuesday in a choppy pattern, fluctuating just below 1.075 as it struggled to find momentum. Currently, the pair is moving around the 34 and 89 EMA lines, indicating limited volatility for now. However, short-term bullish momentum is still targeted with a recovering trendline and price wedge. The next movements of EUR/USD will focus on key US...
BTCUSD breaks important neckline on long-term path to conquering 70,000. The general context shows that the strength of the bears after forming the two peaks as mentioned is still maintained, thereby leading sellers to participate in a mass profit-taking event. So we are waiting to pull back to 61,720 and sell short. Because the 34.89 EMA lines are gradually...
Welcome investors to the vibrant foreign exchange market! Today, we will explore the potential trend of the EUR/USD currency pair during this promising trading day. Can EUR/USD break out of the current narrow range or continue to fluctuate within this range? Let's analyze the factors affecting the market and make informed predictions for today's trading...
In yesterday's session we had a drop in the price of the euro to the level of 1.07100, which we took advantage of to add new buy orders. A few hours ago the price retested the 1.7500 level, but has not managed to break it. The target remains at the 1.08000 level. If the euro falls again, we will take advantage of it to add new buy orders. Guys, what do you...
Hello BTCUSD enthusiasts! What do you think the next trend for BTCUSD will be? In this analysis, I'll share some insights and we can evaluate them together. Currently, BTCUSD has dropped back after a two-day recovery, returning to hover around the 60,700 USD support level. This is considered a strong support zone, clearly indicated by the trading volume as...
Today's gold price is hovering around $2328. Despite the market's reaction to yesterday's news, gold remains unchanged compared to the same time in the previous trading session. From the analysis chart, gold is moving sideways, and the autotrend indicator still shows it in an upward range. Therefore, I expect that after this consolidation phase, the price will...
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Dear Traders! Currently, GBP/USD is trying to test the high of 1.2700 amid the lack of a solid directional trend below 1.2700. But! using the basic strategy from Bollinger Bands, we can see signs of price narrowing after a long period of strong increase (which suggests that the pair is ready for a short-term correction). For me (HL-TradingForex), the advice for...
Hello, Bitcoin is currently within the accumulation and re-accumulation range bound. Despite the possibility of a price dive towards the 50k zone, our bullish perspective on BTC remains unchanged . Corrections are a natural part of market cycles and often pave the way for further strength to emerge. We are currently observing a potential descending broadening...
The market cap saw a significant rise from 2017 to 2021, peaking above 1.2T USD. This was followed by a sharp decline, and subsequent fluctuations between 2021 and 2023. There is a prominent dip into a highlighted blue zone around late 2022 to early 2023, suggesting a strong support level. Future Projections (2024-2031): The projection line indicates a rise...
The British Pound (GBP) extended its gains toward the round resistance level of 1.2700 during the London session on Wednesday, following a strong recovery from Tuesday's three-day low of 1.2615. The GBP/USD pair displayed strength as the short-term outlook for the US Dollar (USD) became uncertain after Federal Reserve Chair Jerome Powell's speech at the European...