Today, the price of gold continues to move away from the $2,000 range, which it has been trading around since the beginning of the week. Currently, the precious metal is trading around $1,951. Here are some important pieces of information: Factors contributing to the decline in gold prices: - The current operating interest rate in the US is at its highest level...
Samson, hello everyone! Currently, Gold (XAU/USD) continues its efforts to achieve any meaningful recovery in European trading session, currently trading at $1949. Some officials from the Federal Reserve this week have given mixed signals about the future path of interest rate hikes, which has led to money flowing out of the yellow metal, resulting in no profit...
18836/18640 area work as reversal zone, Assumptions target show in chart technical analysis based on harmonic, Elliot and volume . If In case break reversal area then next support is 18375/60
Buy - 1470 Target - 1660 (+ 14.50%) Sl - 1340( -9%) Risk reward 1:5 around. This trade based on technical, Elliott wave, and harmonic combination. Win probability 60/70%
NZDUSD#4H-Bullish #Sell Setup#Risk:Reward/1:3#Go With Confirmation
The GBP/USD pair has entered a phase of decline and is oscillating within a narrow range around the 1.2220-1.2225 area. The US Dollar (USD) managed to maintain its upward momentum overnight, inspired by comments from Federal Reserve Chairman Jerome Powell, which turned out to be the main factor acting as resistance to the GBP/USD pair. On the other hand, the...
Hello everyone! EUR/USD is facing downward pressure and has dropped below 1.0700 during Thursday's trading session in the US. The currency pair remained relatively quiet at the start of Friday, while technical prospects indicate a slight downward trend. From the 4-hour chart, we can observe that EUR/USD has extended its upward trend, but a completed 5-wave...
Samson greets everyone! Creating an Elliott Wave model has significantly boosted the price of the product. At the time of writing, the cryptocurrency market is trading below the resistance level of $37,960. The upward trend is strong as it is consolidated at a high level with stable trading activity on the 2-hour time frame. Therefore, it would not be surprising...
Nifty Weekly Analysis For 06-11-23 to 10-11-23 Nifty is in Correction Phase for the previous Impulse Move(Down move). 19350-19480 is the Major Resistance For Nifty Next Week. If Nifty Sustains Above 19500, more upside possible and Targets are 19680/19800. Short Only Below 18800 as it is the major Support for coming Week. Verdict: Nifty may test the 19350-19500...
The EUR/USD pair is extending its sideways consolidation trend in Tuesday's trading session and is trading below the 1.070 level. However, the price is still attempting to hold above the 1.0700 level and is dependent on the price dynamics of the US Dollar (USD). The US Dollar Index (DXY), which tracks the greenback against a basket of currencies, has rebounded...
Dear friends, Currently, the British Pound (GBP) is stuck in a narrow range as investors seem reluctant to establish new positions before the release of the UK's third-quarter Gross Domestic Product (GDP) data, which is scheduled for Friday at 07:00 GMT. The GBP/USD pair is still struggling as the Q3 GDP report will shape the monetary policy outlook for the Bank...
Dear friends, Gold has put an end to its three-day downward trend. The escalating political tensions in the Middle East have increased the demand for safe haven assets like gold, despite the higher interest rates on US Treasury bonds. The XAU/USD price is currently trading around $1,958, showing a 0.03% increase for the day. According to previous analysis, the...
BTC has gradually been trading upwards since a significant move in late October. As seen on this chart, the parallel price channel A is still functioning well, breaking out of the port and maintaining a strong upward trend above $32,000 and stabilizing around $35,000 on the weekly timeframe. In the long run, BTC is expected to experience strong growth, especially...
EURCHF#4H-Bearish #Sell Setup #Risk:Reward/1:4#Go With Confirmation
HUL FUT is on the verge of breaking above cup n handle pattern ( 2522 ) on an hourly chart with decrease in OI suggesting short covering. Conditional buy only above 2522. Could be bought above 2522 with mentioned stoploss & target. Also, be bought in options with 2520 ce cmp 34 with stoploss of 2485 (fut levels)
BTC keeps forming these cute little cats these cats have tails sometimes very long tails those tails are the trades this analysis is based on previos two cats formed marked in pink we can have a similar correction from this zone that takes us back to the retest zone 32640 /34200 Lets see if this cat is forming the way we are expecting it to form
📈 Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Falling Wedge 📌 Symbol/Asset: GREAVESCOT 🔍 Description: Stock is in a pattern we can see upside if supports are intact. 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting...
Hello everyone, Gold (XAU/USD) continues to decline for the third consecutive day on Wednesday, currently trading at $1966 and losing 0.12% for the day. However, the precious metal is trying to hold above the two-week low around the $1957-$1956 area touched on Tuesday as traders await clearer guidance on the Federal Reserve's interest rate path before making new...