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 all dear friends! XAUUSD is strengthening after an impactful week with the FOMC interest rate announcement and the April US non-farm payrolls report, within the framework of a falling dollar. Possible retest of the liquidity area, aiming for a change in trend. Gold is also receiving fundamental support when it comes to central banks' gold demand over the...
Hello dear traders! XAUUSD correction continues. Resistance at 2328 USD failed to turn XAUUSD back into yesterday's trading session. Showing that buying power is becoming weaker, up to now gold has touched 2314 USD, marking a decrease of 0.43% on the day. General, gold prices (XAU/USD) lost their recovery momentum on Tuesday. The yellow metal's decline was...
Hello all dear traders! Overall, SOLUSDT is showing steady growth on the D1 timeframe. It is currently trading at 156.96 marking a gain of 2.72% on the day. From a technical perspective, looking further, we see that the market has changed its downtrend to growth, reinforcing our medium-term outlook. However, in general at the present time the upward momentum...
Looking good for upcoming view on the basis of price action
Hello dear traders! U.S. dollar (USD) indecision appears to have been enough to fuel the continuation of the EUR/USD technical uptrend move at the start of the week. However, the pair failed to retest or surpass the key 1.0800 barrier for a fourth consecutive daily advance. Looking ahead, relatively weak economic fundamentals in the Eurozone, coupled with the...
Here is my latest structure analysis and important key levels to watch on Dollar Index. Support 1: 103.88 - 104.1 area Support 2: 102.93 - 103.25 area Resistance 1: 105.41 - 105.58 area Resistance 2: 106.37 - 106.52 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
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...
Bitcoin price remained well above the $62,500 support zone and extended its gains. BTC was able to overcome the resistance at $64,500. It even cleared $65,000 and checked $65,500. A high was formed at $65,550 and the price is currently correcting gains. There is a minor decline below the $64,000 level. However, the bulls are active near the $63,000 area. There is...
Hello dear traders! Looking back at yesterday's trading session, gold has demonstrated its strength continuously after a series of 5 weeks of recovery, but in general, investor psychology still maintains optimism towards precious metals. The technical chart shows gold exiting the downtrend, which is an impressive move by the bulls as they not only successfully...
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! Overall, Bitcoin's recent price drop on May 1, 2024 changed general sentiment, but it appears to have been a bear trap, leading to mass liquidations and a subsequent decline in the overall market. can. Currently, Bitcoin is trading close to $63,000, and in the past 24 hours, it has experienced greater than 6% growth. Over the past 7 days,...
Hello dear traders! Overall, Gold prices traded stronger during the day. The bullish outlook for the precious metal remains intact, as XAU/USD is above the key line (EMA) on the daily chart. In the short term, gold prices have remained confined within the down trend channel since mid-April, suggesting that further consolidation or a sharp decline as I mentioned...
Hi everybody! About last week's news developments and results: Gold prices trade in positive territory above $2,310 after closing last week in the red. Weaker-than-expected US jobs data increased the likelihood of a Fed rate cut in September, hurting the USD and helping XAU/USD find support. Conclusion about gold and trends: At the time of writing Gold - and...
CRYPTOCAP:AVAX W pattern is in making in 1Dtf and you know what will happen when W pattern breaks out🚀 CRYPTOCAP:AVAX is the next Big Thing💵 I'm in Long from: 36.40 Minimum Targets 40.00 - 44.00 - 47.00 Sl: 30.00 #dyor #nfa #aqeelonline
Greetings Traders! In this comprehensive video, I'll delve into the DXY and GBPUSD, offering valuable insights for the week ahead in trading. It's essential to adapt your strategies to the market conditions. Presently, we've witnessed a retracement to a significant point of interest, hinting at potential bearish momentum to follow. Stay tuned for the latest...
Price has bounced off the 50% fib level on the daily chart and has also broken out of the triangle pattern previously created. Price currently sits at resistance so there are no clear long entries to play here that would be safe to take, but if price drops to previously lows, or creates a new higher high, then we can be waiting for the next leg towards the highs.
BUY ABOVE - 48970 SL - 48800 TARGETS - 49130,49300,49480 SELL BELOW - 48800 SL - 48970 TARGETS - 48660,48500,48400 NO TRADE ZONE - 48800 to 48970 Previous Day High - 49300 Previous Day Low - 48800 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...