Gold prices are still limited in a narrow range as traders prefer to stay on the sidelines. Bets on Fed rate cuts will revive USD demand and act as a headwind for metals. Investors are now waiting for the FOMC decision and US macro data before placing directional bets. Gold prices are likely to fall back to the area of 2,305 USD/ounce, losing all the gains...
Hello dear traders what do you think about this analysis please comments..!? 🚀 Ethereum Alert: Brace for Potential Market Shift! Attention, Ethereum enthusiasts! 📈 In the 4-hour Ethereum chart, excitement is brewing as the price inches closer to engulfing the swap zone, hinting at an impending change in market dynamics. Traders are on high alert, gearing up to...
BTC trading PLAN Globally price is in a middle of a range market Long scenarios - take trade after SL hunt at $62 900 or - break up in a case of range market Globally price can reach high of bigger range For short we need clear SL hunts better to watch video to understand it
Gold prices are seeing a negative start to a new week on Monday after recording a weekly decline. Gold prices are burdened by resurgent US dollar (USD) demand and a risk-on market mood amid weakening Japanese markets during the holiday season. Gold market assessment recorded positive developments. World gold price reached support level of 2,300 USD/ounce. In...
Market Analysis PT1/2 (1st May 2024) XAUUSD Analysis On the 4 hour timeframe, we have confirmed a 4 hour MSS with price closing very bearishly on the 4 hour timeframe. Dropping to the 1 hour timeframe, price action here has created a 1 hour OB, along with a 1 hour FVG just right under it. Looking for price to retrace during asia session into the FVG/OB...
Market Analysis PT2/2 (1st May 2024) EURUSD Analysis On the 4 hour timeframe, price action has created a 4 hour bearish FVG which caused the bearish BOS. This makes it a very good Point of Interest for us to look for shorts from. Ideally during Asia/London, we see price retrace into the 4 hour FVG. Once price does that, i will drop to the 5/15 minute...
The GBP/USD currency pair closed in positive territory for three consecutive days on Thursday and climbed to a two-week high at 1.2540 early Friday. Despite falling towards 1.2500 during the European session, the technical outlook suggests the uptrend remains intact. The dollar has weakened against its rivals after US economic data on Thursday fell short of...
Hello,Traders! GBP-CAD went up and The pair is locally overbought So as the pair is approaching A horizontal resistance of 1.7236 A bearish reaction is To be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅AUD_NZD is trading in a Strong uptrend and the Pair has crosses a key Horizontal level of 1.0942 And went further up Which reinforces our Bullish bias and makes us Expect a further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
30th April DXY: Further upside to 106 area, needs to break 106.10 to climb to 106.40 NZDUSD: Sell 0.5925 SL 20 TP 60 (Hesitation at 0.59) AUDUSD: Buy 0.6550 SL 20 TP 65 USDJPY: Chill for now, Sell 154.80 SL 30 TP 110 GBPUSD: Buy 1.2575 SL 20 TP 70 EURUSD: Sell 1.0710 SL 20 TP 45 USDCHF: Climb to 0.9150 and possibly consolidate USDCAD: Buy 1.3720 SL 20 TP...
Gold costs recorded a mild decline after current losses as investors persisted to rate in better longer-time period US hobby charges beforehand of the United States Federal Reserve (FED) assembly over the weekend . From a technical perspective, the growing trendline at $2,320 may want to assist the marketplace stabilize and assist the rate. However, if this key...
My dear subscribers, EURUSD looks like it will make a good move, and here are the details: The market is trading on 1.0720 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.0707 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as...
Here is our detailed technical review for GOLD. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 2323.122. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 2266.939 level. P.S We...
Gold prices are expected to increase for the third consecutive month ahead of the Fed meeting Gold prices are on track to increase for the third consecutive month thanks to strong demand from central banks. Attention is now on the Fed's interest rate decision meeting this week, where policymakers are expected to take a hawkish stance. As of early Asian session,...
EUR/USD stays weak near 1.0700 ahead of key EU inflation, GDP data EUR/USD is keeping the red near 1.0700, undermined by a broad US Dollar rebound and a mixed market mood early Tuesday. Germany's Retail Sales rebound fail to impress the Euro ahead of key Eurozone inflation and GDP data releases. On the upside, EUR/USD is likely to encounter first resistance at...
My dear followers, I analysed this chart on GBPUSD and concluded the following: The market is trading on 1.2545 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.2463 Safe Stop Loss - 1.2592 About Used Indicators: A super-trend indicator is plotted on either above or...
BUY ABOVE - 49480 SL - 49250 TARGETS - 49670,49850,50000 SELL BELOW - 49250 SL - 49480 TARGETS - 49020,48800,48630 NO TRADE ZONE - 49250 to 49480 Previous Day High - 49480 Previous Day Low - 48310 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...
My dear friends, GBPNZD looks like it will make a good move, and here are the details: The market is trading on 2.1090 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 2.1018 Recommended Stop Loss - 2.1138 About Used...