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(Update)
Forming a Falling Wedge Pattern on the 12H Timeframe
A Breakout Above $3,000 Is Needed To Confirm The Upward Reversal
Hello everyone, today, GBP/USD rose to levels near 1.2535 early in the Asian session. This move was driven mainly by the significant weakening of the US dollar (USD) after the US Federal Reserve (Fed) decided to keep interest rates unchanged.
Analysis from the chart shows that GBP/USD has broken away from the previous downtrend, starting to form a new uptrend...
Today area to watch 2326 if sustain then 2346 2354 is next
Till the time gold is moving above 2326 2324 area
we can see 2342 to 2350 area.
If gold will break 2324 to 2326 area then we
can see 2318 2310 area.
Plan accordingly, Happy Trading
ITS A SURESHOOT
IRS MY PERSONAL STRATEGY
Its showing a good falling
Having a good potential
There is nothing to doubt
It have a great surety of FALL
Due to these reason
1.It have clear-cut neckline without any confusing chat
2. It have clear entry and Tp point
3. Sellers seems heavy due to volume
Dear beloved readers, gold continued its recovery on the last trading day of the week, trading around $2,340 and marking a 0.3% increase for the day.
As a result, the USD faced further disadvantages last night, creating momentum for the recovery of XAUUSD. In the short term, this metal continues to receive support from investors as it maintains a strong upward...
Hello dear friends, let's recap the gold prices from last week and strategize for the upcoming week.
Overall, there was no surprising volatility in gold last week, as it adjusted from $2400 to $2338. This decrease followed the expected cyclical pattern in gold's movement, so there is no immediate reason to worry about this metal.
In the past couple of days, gold...
BTC 62400 area to watch if break next area is 62000.
Today BTC area to watch is 62000 if break this area next levels are 61000 and 60000.
If BTC sustain at this level then it can rebound towards 64000 and 66000 area.
Plan accordingly, Happy Trading 😉😉
Hello everyone, here!
Today, after a positive close for two consecutive days, GBP/USD has regained momentum and climbed above the 1.2500 level for the first time in nearly two weeks. The short-term technical outlook for this currency pair indicates an upward trend as it has successfully surpassed the resistance level at 1.248 and turned it into a new support...
Hello everyone, what are your thoughts on the recent developments in USDJPY?
Currently, the USD/JPY pair is showing a significant upward trend due to a substantial interest rate differential between the United States and Japan. With the Federal Reserve setting the Federal Fund Rate at 5.25%-5.50% and the Bank of Japan maintaining near-zero interest rates at...
Hello everyone, after the first two sessions of the week falling by about 90 USD/ounce, the world gold price has recovered slightly and shown that the support threshold of 2,300 USD/ounce is quite solid, raising the belief that the recent decline is Buying opportunity for long-term investors.
Gold prices remain high due to concerns about instability in the Middle...
Hello dear friends, during today's Asian trading session, the EUR/USD exchange rate has fluctuated around the psychological level of 1.0700. The pair's modest growth was supported by weakness in the US Dollar.
From a technical analysis perspective, this pair is stable and moving in an upward channel. The next target for the buying strategy is towards the 1.073...
Hello dear friends. Today, gold is starting to increase again as the Bull side successfully maintains a high price above the support level of 2300 USD.
As a result, gold has gained nearly 150 pips compared to the same time yesterday and is moving around the two EMA lines of 34 and 89 at a level of 2335 USD. The short-term trendline continues to favor the buying...
Hello everyone, what are your thoughts on the current situation of EURUSD?
This currency pair is currently trading steadily around 1.070, and the recovery process continues until Friday, making last week completely favorable for buyers.
From the daily chart, the price has reached the sensitive Fibonacci retracement level of 0.618, which is significant at this...
Hi everybody!
After rising above the 1.2450 level during the Asian session on Wednesday, GBP/USD failed to maintain momentum and fell below this mark. However, according to short-term technical analysis, the pair remains in a favorable position as long as the 1.2400 support level remains in place.
The weakness of the US Dollar (USD) has become the driving force...
Prepare for an attractive short-term gold trading strategy!
According to the current chart, gold is trading around $2,322 and remains in a downtrend. Strong resistance has been established at around $2,330, where gold has failed to break through three times, indicating seller control over the price.
This downtrend continues to be stable and reliable. Our...
Hi everybody,
Today, during Wednesday's Asian trading session, EUR/USD remained firmly above the key psychological mark of 1.0700. The US dollar weakened on weaker-than-expected April PMI data, which provided support for the pair.
According to technical analysis from the chart:
After bouncing from the lower boundary of the parallel price channel, the price is...
Hello everyone, what do you think—should we buy or sell gold today?
Gold is currently trading around 2,323 USD/ounce, with little movement since the beginning of the day and is continuing its downward trend. This weakness is largely due to tensions in the Middle East showing signs of easing and investors taking profits and reducing leverage in precious metals...
