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Bitcoin Technical Analysis- Bitcoin is currently hovering around the zone of overhead supply - Bitcoin can keep consolidating or move sideways here and that's going to help Bitcoin throw up or shoot up big - If Bitcoin gets rejected from here we can see an easy retracement to 65,000$ and then continue to move up - Avoid leverage like I always say and try building/holding positions in spot - Spot will save you from volatility much better than leverage if you still want to use leverage don't go beyond 2-3X
BITSTAMP:BTCUSDLong
by VKtradesimbalance
EURUSD SHORTFOREXCOM:EURUSD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Short
by Phinics
Gold stays bullish despite recent pullback, focus on $2,400 Gold price lacks clear directions after retreating from the highest level in a month while snapping a two-day winning streak. In doing so, the XAUUSD eased from a one-month-old horizontal resistance zone surrounding the $2,400 threshold. The pullback also gained strength from the US Dollar’s rebound. However, the bullion still carries an early-week breakout of a descending resistance line from April 12, now immediate support around $2,365. Additionally, keeping the buyers hopeful are the bullish MACD signals and the upbeat RSI (14) line. With this, the quote is likely to prevail on the bull’s radar and can gain more upside strength on crossing the $2,400 hurdle. In that case, the $2,418 and $2,431 will lure the bulls before directing them towards refreshing the all-time high by targeting the $2,500 threshold. It’s worth noting that the Gold price weakness past the resistance-turned-support line of $2,365 won’t open the doors for the sellers as the 21-SMA and an upward-sloping trend line from mid-March, respectively near $2,336 and $2,318, will challenge the commodity’s south-run. Should the precious metal remain bearish past $2,318, the $2,300 round figure and the monthly low of nearly $2,277 will be the final defense of the buyers. Following that, the XAUUSD’s fall toward the late March swing high of $2,222 can’t be ruled out.
OANDA:XAUUSD
by MTradingGlobal
XAU increased while US inflation cooledYesterday, lower-than-expected monthly CPI and Retail Sales data in the US supported the possibility of multiple interest rate cuts by the Fed in 2024. US CPI decelerated to 0.3% in April, lower than the expected level of 0.4%. While Retail Sales were flat, missing the expected increase of 0.4%. The DXY index fluctuates around 104.20. The decline in US government bond yields is weakening the USD. US government bond yields for 2-year and 10-year terms were at 4.71% and 4.32 respectively after the data was published. Cooling inflation will help the Fed soon make a decision to lower interest rates, to support the US economy, which is showing more signs of slowing down. Cooling inflation will also soothe the psychology of US investors and consumers. Gold prices increased because tensions in Ukraine and the Middle East still show no signs of cooling down. Russia is attacking on many fronts in Ukraine and fierce fighting is occurring. Meanwhile, in the Middle East, Iran recently said it would create a nuclear bomb if threatened by Israel.
OANDA:XAUUSD
by NicoTradingMaster
USDJPY : Forming lower highs!USD/JPY edged lower on Wednesday, slipping back to the 153.00 level after a broad-based decline in the US Dollar (USD) shed weight against all of its major peers. The Japanese Yen (JPY) is also looking to ease selling pressure in the broad market, recovering ground as the Greenback declines. US Consumer Price Index (CPI) inflation eased slightly on Wednesday, with headline CPI inflation in April falling to 0.3% versus market forecasts of holding at 0.4%. Easing inflationary pressures are raising hopes of a rate cut as investors call for a rate cut from the Federal Reserve (Fed).
Short
by RKarina
Gold price today: Continuing to search for new peaks!Hello everyone, let's learn about gold prices today. At the end of the trading session on May 15, gold increased by 27 USD, reaching 2,385 USD. During the trading session, at one point the gold price reached $2,390, the highest level in nearly a month. The USD index yesterday fell 0.6%, to its lowest level in more than a month. The depreciation of the USD has made gold more attractive to buyers, creating conditions for gold prices to recover strongly. Comments from the chart: Gold continues to consolidate its record upward momentum on the two EMAs 34 and 89, showing a good sign for buyers in the long term. In addition, gold is forming a cup-in-hand model, it is expected that after the adjustment, the long-term target of over 2,500 USD will continue to be targeted by the Bulls!
OANDA:XAUUSDLong
by RKarina
4
Gold Price Today: Reversing to increase in price!Currently, gold price has increased by 21.9 USD, reaching 2,357.6 USD/ounce, recovering to the high level from last week after positive news announced last evening. The main reason is the weakening of the USD and Treasury bond yields after data on US producer prices in April were published. The USD fell 0.2%, making gold more attractive to investors using other currencies. Yields on 10-year Treasury bonds also fell, reducing the opportunity cost of holding gold, thereby boosting gold prices. In addition, the fact that Fed Chairman Jerome Powell did not signal a rise in interest rates is also a positive factor, which can help gold prices continue to grow.
OANDA:XAUUSDLong
by RKarina
XAUUSD - Downside correction outlook continues!The gold market today showed a modest recovery, with the metal trading at approximately $2343, reflecting a 0.34% gain since yesterday's notable decline. However, there are emerging signs that gold may be forming an inverted cup and handle pattern. If this pattern fully materializes, it suggests the possibility of a further downside correction, reaching a Fibonacci retracement level of 0.618 to 0.5. In such a case, the $2,305 mark is expected to act as a solid defensive zone for those who are optimistic about gold's prospects.
OANDA:XAUUSDShort
by RKarina
EURUSD: Continue the price increase chain!EURUSD has decreased slightly at the end of the weekend session, with the closing price of over 1,076, but it still maintains a significant recovery trend in recent days. Important resistance levels for EUR/USD pairs are currently in the range of 1,0790 - 1,0800, determined by EMA 34, 89 and the upper boundary of the trendy channel. The next level of resistance should be noted that the highest range on April 9, at 1,0885, investors are aiming for.
Long
by RKarina
XAUUSD - Bearish but outlook still bullish!Hi everybody. At the beginning of today's trading session, gold fell after a strong increase late last Friday. Year-to-date, the precious metal is down more than $10, reflecting a 0.48% drop on the day. Looking ahead, gold is expected to face more short- and medium-term corrections. However, from a long-term perspective, investors and markets are still optimistic that gold will regain the $2,400 level. This belief is reinforced by signs that the US labor market is cooling. With inflation under control and US interest rate cuts expected to increase - currently expected to happen twice - the outlook for gold remains positive, encouraging traders to stay maintain faith in its resilience!
OANDA:XAUUSD
by RKarina
Gold price today: Forecasted to continue to increase sharply?Hello dear friends, let's learn about gold prices in the new week! Currently, gold is continuing to adjust after a strong price increase over the last two days of last week. This metal is trading around 2,358 USD in the first trading hours of the second day and down 0.11% on the day. Accordingly, the correction is taking place according to the basic wave structure, so there is nothing too worrying about the metal's ability to continue to recover. In terms of outlook: Gold targets the 2045 USD range to test the EMA line as well as complete the correction wave around the 0.5-0.618 Fibonacci level followed by a price increase again according to Dow theory. Regarding forecasts: Of the 17 analysts who participated in the survey, 10 experts, or 59%, expect to see gold prices move higher next week; while only 2 analysts, accounting for 12%, predict prices will decrease. The remaining five experts, or 29% of the total, see gold trending sideways.
OANDA:XAUUSDLong
by RKarina