Stone_Haven

Stone_Haven

The most recent economic data indicates that the British economy is teetering on the edge of a recession, and members of the Bank of England may soon vote in favor of reducing interest rates. While the Bank of England is expected to maintain stable interest rates for an extended period, awaiting sufficient evidence to support multiple rate cuts, when these...

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🟢Gold saw its second consecutive day of gains today, following yesterday's positive performance. On the daily chart (D1), the price exhibited significant upward momentum, with a wide trading range, but it closed approximately halfway between the high and low, forming a spinning top candlestick pattern. This pattern, known as a Spinning Top, typically indicates a...

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Gold saw an increase in value yesterday, but it formed a Spinning Top candlestick pattern. This pattern, known as a Spinning Top, indicates a balance between supply and demand throughout the trading day. The D1 candle closed above the upper boundary, possibly signaling an overbought situation, which could lead to a potential downward correction. Additionally,...

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💡Gold is narrowing its range. Recently some news shows the strength of the USD is returning but the news of the recent war is still supporting gold 💡Currently, the battle between buyers and sellers is extremely fierce. Sideway gold was in a wide price range from 1965 - 1975. But the sellers seemed to be more dominant when gold turned around twice but...

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💡Sterling strengthened after UK September services PMI was revised to 49.3 from the preliminary forecast of 47.2 - a forecast that may have influenced one or more of the Bank of England's five monetary policy committee members who voted to keep rates on hold last month member. 💡After the Bank of England kept interest rates unchanged in September, IMM speculators...

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💡 GBPUSD experienced a significant downward move in the previous session, remaining within a descending channel and establishing a fresh bearish pattern. This indicates a continued downward trajectory for the price, with the short-term objective being the previous low, approximately at the 1.2050 level.

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💡 The H4 BTCUSD uptrend persists as a result of the price surging to a new high following recent strong momentum. Additionally, there is an overbought condition in H4 BTCUSDT, evident as the latest H4 bars extend beyond the upper boundary, indicating a potential price correction. Examining the most recent H4 bars reveals a weakening bullish trend, as these bars...

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💡At the end of yesterday's trading session, the price of gold experienced a slight decrease, putting an end to the impressive surge that took it close to $2,000 per ounce in the previous week, while the ongoing tensions in the Middle East show no signs of abating. 💡According to David Meger, the Director of Metal Trading at High Ridge Futures, the demand for...

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💡 EURUSD H1 uptrend continued when the price broke out and created a new high with a strong upward momentum yesterday. Due to the additional breakout in D1, EURUSD H1 is now favorable to wait to buy. The buy zone will be below, where the upper border was broken. If EURUSD H1 is pushed lower, the price action will form a false breakout signal, forming the basis for...

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❤️ Hello everyone, hope you have a nice weekend 💡 As you know, this Friday, gold had a strong breakthrough when it was about to hit the 2,000 mark. That is completely reasonable in the context of the Middle East region being tense and investors flocked to gold to preserve their assets 💡 However, in a recent note, Fitch Solutions predicted that gold prices will...

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Some EUR News 💡The ECB will hold a policy meeting next week, and market participants will closely monitor changes in economic direction and sentiment that could impact foreign exchange markets. 💡The ECB could start talks on changes to the Pandemic Emergency Purchase Program (PEPP). Any significant changes or signs of monetary tightening could impact financial...

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💡 Stronger-than-expected UK inflation data raises the risk that the Bank of England may need to raise interest rates again or that interest rates may remain high for longer, followed by a rise in UK government bond yields . The CPI data will only put more pressure on the BOE's Monetary Policy Committee in deciding whether to continue to put pressure on interest...

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💡The amplitude of EURUSD on the H4 frame is getting narrower, we will wait to see if it will break out of the margin, or if it will continue to narrow the amplitude. ✔️If it still runs in a narrow range, we can wait to Buy at 1.0535. ✔️If it breaks out of the border, we will sell at 1.0515

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🔷 From last night into early morning this morning, the U.S. economy reported positive new jobless claims, but manufacturing indexes and business conditions worsened. Specifically, the number of new U.S. unemployment insurance claims last week was 199,000, lower than the previous week's 211,000 and also lower than expected by 212,000. The average number of...

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🟡AUDUSD had another day of decline yesterday, but bar D1 yesterday closed 1/2 and had a long lower shadow, showing that there was buying pressure around the old bottom. Although the D1 AUDUSD chart structure is flat, it shows downward pressure because the bottoms are flat but the tops are getting lower. 🟡The H1 AUDUSD chart structure at this time is cumulative...

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💡 Following recent dovish comments from some US politicians, investors are now awaiting Thursday's speech from Federal Reserve Chairman Jerome Powell for further guidance on interest rate trends. According to the CME Fed Watch tool, the market has priced in a 90% chance that the Fed will leave interest rates unchanged at next month's policy meeting. That number...

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💡 GBPUSD accumulated sideways in H1, with no specific trend yet. Because the main trend in both D1 and H1 is slightly higher in the downward direction, the short-term solution of waiting to sell GBPUSD is the main trend. Only buy if the price breaks out to form an uptrend, and we will buy at the retest

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🌟 The latest strong price push in the large H1 bar recently broke the recent peak, setting a new high price peak, continuing the upward price trend on H1 for gold. But at the same time, that strong H1 bar also caused gold to push above the upper border, a sign of overbought conditions. Because overbought is appearing in both time frames, H1 gold is best to wait...