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USDJPY: bearish signalThe USD/JPY pair has reached a pullback at the 145.00 level in early Monday's Asian trading session. Despite the decline of the US Dollar, this currency pair has managed to recover. The market is expected to have a quiet session due to the US bank holiday. However, when considering the technical trends and prospects: USDJPY has just broken the upward trendline and is currently in a corrective wave with a significant resistance level set at 145.500. From a personal perspective, I believe that if the support level of 144.800 is broken, the bearish side will have an advantage in pushing this pair back to the 143.500 level
Short
by RKarina
Update gold price at the beginning of the new weekDear friend, In general, precious metals truly impress us. Gold traded sideways near $2030 before rising to $2061 on Friday, then retraced to $2049 and stabilized at this level. Now, what excites me is that gold is currently trading calmly around $2050 - $2051 as we enter the new week. The interesting thing is that gold's recovery is driven by weakness in the US Producer Price Index (PPI) data and political tensions in the Middle East. Like a skilled dancer, gold breaks free from the downward "dance", returns to test the Breakout zone, and dances with the two EMA lines. For these reasons, gold makes me quite optimistic that it will not stop here. It seems to be heading towards a new high - $2088. What about you?
OANDA:XAUUSDLong
by RKarina
2
Gold price todayDear friends, let's explore the Gold market for the new week together! In general, the start of the new week sees Gold relatively quiet around the $2043 mark. Looking at the analysis chart: The overall trend is still bearish, with two negative factors driving it. Factor 1: The downtrend continues from the levels of $2149 and $2089. Factor 2: Gold has broken out of the price increase channel around $2058, leading to a significant decline. Although there has been some adjustment, it is still not strong enough. Therefore, it would not be surprising if Gold continues to decline with an expected drop to $2015. The important thing is to closely monitor and grasp these updates to have a clearer view of the upcoming significant ups and downs in Gold.
OANDA:XAUUSD
by RKarina
Gold price prospects to rise again sooner?Hello dear friends, as expected, yesterday we saw gold drop to its final profit-taking target at $2013. However, gold quickly recovered and at the time of writing, it is trading around $2033, stable within the previous downtrend channel. Therefore, the upward momentum of gold may be limited as there is a possibility that the FED may not begin cutting interest rates earlier than anticipated, which could lead to selling pressure on XAUUSD. Looking at the prospects and trends of gold: overall, it is still in a downward trend, but selling pressure is gradually decreasing and there is a possibility of a shift towards an increase in price due to the appearance of a convergence trendline on the RSI. The current support level is $2013, which may play a crucial role in the price increase of XAUUSD, with RKarina's profit-taking target set at $2035 and $2065.
OANDA:XAUUSDLong
by RKarina
Update the latest gold price todayDear friends, Looking at last week's chart, gold experienced a slight decline, but the long-term prospects remain quite positive. At the time of writing, the price is trading steadily around $2038, with support from the $2016 level. As long as the trend line remains strong, I believe gold will generate a breakthrough above $2045 and aim for my profit target of $2065 and $2088. What about you? Do you think gold has the potential to increase in value in the near future
OANDA:XAUUSD
by RKarina
2
GBPUSD: narrow tradeCurrently, GBPUSD continues its upward trend as it surpasses the resistance level of 1.276, marking a 0.13% increase for the day. On the analysis chart, the upward momentum is still strongly supported by an unbroken trend line, and it has become even stronger as the USD is still recovering. RKarina's price target in the near future is 1.28 (A new peak is expected to be established when this pair touches the trend line). What are your thoughts on the trend of GBPUSD?
by RKarina
How is gold trading today?Dear friends, Currently, the price of Gold is not experiencing significant fluctuations, mainly hovering around the $2030 mark and still stuck in a downward trend. Regarding our trading strategy for Gold: On the analysis chart, Gold is being limited below the resistance level of $2036 and is confluencing with two EMA lines, further supporting the downward trend. Therefore, we will prioritize Sell orders with a profit target at the defensive level of Bulls in 2020 - $2017. Wishing you good luck!
OANDA:XAUUSDShort
by RKarina
Gold drops to 2000 USD?Hello everyone, it's great to meet you all again for today's discussion on the price of gold!! Currently, the price of gold is trading around $2028, which is a decrease as expected from yesterday's session after a correction and a breakthrough below the previous support level of $2030. Regarding today's outlook: Gold continues to lean towards a downward trend as the technical signals of the EMA 34 and 89 remain above the price range. The current support level is $2016, as long as gold does not break out from here, the price will further decline to around $2000, with a consideration of $1980. As long as gold continues to stay below the resistance level of $2050, the path downwards remains wide open.
OANDA:XAUUSDShort
by RKarina
BTCUSDT: Exploding increase in valueToday, the BTC is continuing to consolidate significant price increases, with the current trading price standing at $46,516 at the time of writing. From a technical standpoint on the 4-hour chart, using the excellent tool called Fibonacci extension by Trading View based on trends, it shows that the current trend is bullish, with a relatively stable trading environment and minimal volatility. However, there are signs indicating that the price is approaching a previously broken resistance level once again. If this happens, it could serve as a stepping stone for further price increases as the current upward trend is still intact.
Long
by RKarina
EURUSD: increasing rapidlyToday, the EURUSD currency pair is showing a good recovery momentum. This recovery is supported by the weaker US dollar. The 4-hour chart continues to indicate some short-term consolidation as the pair successfully breaks through the resistance level at 1.096, with a reversal signal from the 34 EMA line. It is expected that after a retracement and testing the breakout level, EURUSD will utilize this newly established support level to reach its price target of 1.099 and potentially even 1.106.
Long
by RKarina
How does gold trade?Dear friends, the price of gold continues to decline and is currently trading around $2035. According to our chart analysis, gold has formed an inverted cup and handle pattern. The current support level is $2017. Additionally, the 10-year US bond yield has surpassed 4% per annum. This factor has prompted investors to pour money into bonds, resulting in minimal flow into precious metals. Therefore, it is inevitable that the price of gold will continue to trend downwards. In fact, during the overnight trading session, the global gold price reached $2040 per ounce at times. However, concerns have arisen as the US dollar strengthens and US bond yields rise. Many are worried that this will cause a decrease in the price of gold. As a result, they are looking for ways to sell and recover their capital, leading to a decline in the price of gold and making it difficult for it to recover.
OANDA:XAUUSDShort
by RKarina
USDJPY: Received 2 great supportsHello dear friends, what do you think will happen to USDJPY today? Currently, the USDJPY currency pair is experiencing a good upward momentum: Regarding the first factor: USDJPY has completely escaped from its previous downward trend and is showing strong buying momentum returning. Regarding the second factor: After price correction to the Fibonacci 0.5 level, the price has started to rebound, which is a perfect sign indicating strong buying pressure from investors. With these two factors, we will prioritize a Buy strategy for USDJPY with favorable conditions to take profit at the two main levels of 149.19 and then 154.37. How about you? What is your opinion on USDJPY?
Long
by RKarina
BTCUSDT: bullish trade with DOW wave?Dear friends, as predicted by RKarina, the price has escaped from the sideways box pattern and has experienced a significant increase. Currently, BTCUSDT is trading around the $46,000 mark and is undergoing a correction phase after breaking through the resistance level at $45,500. Assuming this is a price behavior, BTCUSDT is expected to continue rising after the correction is over and use this level as a new support. From a fundamental analysis perspective, the price is still in wave 1 of an upward trend, although no corrections have occurred yet. Therefore, RKarina's target is $50,000 or higher at the Fibonacci 0.168 level ($52,275). What are your thoughts on this?
Long
by RKarina
EURUSD: Sell on price breakout after news?Dear friends, Currently, EURUSD is experiencing minimal volatility and remains relatively stable around the 1.093 level. This is confirmed by the narrowing of the Bollinger Band indicator, indicating a preparation for the next breakthrough. Speaking of breakthroughs, EURUSD is being constrained below the resistance level of 1.096 and finding support at 1.090. The market is currently focused on the latest consumer inflation data from the United States, which will be released on Thursday, to gain significant directional momentum. After the news is announced, this currency pair may experience a breakthrough in two scenarios as mentioned: an increase upon breaking the resistance level and a decrease if the bearish side breaks the support. On a personal note, I am expecting a decrease in EURUSD. What about you? Please leave your comments below!
Short
by RKarina
Gold promises to increase in price?Dear readers, in the short term, our priority remains to sell due to the current price adjustment phase, with trading hovering around $2035. However, when considering the long term, the analysis of the 1D chart supports a strong upward trend for gold, with a clear support level at $2017. Another favorable factor for gold is that the trend line has not been broken yet. These two factors, along with market sentiment resulting from interest rate cuts this year, will be the main drivers for investors to push prices back to the resistance level of $2088 and achieve a new all-time high.
OANDA:XAUUSD
by RKarina
Gold prices are expected to continue to go downDear friends, it's great to see you again in today's trading session. At the time of writing this article, the price is fluctuating around $2033 at the start of the trading session, showing a slight recovery after a sharp drop to $2017 at the end of yesterday's trading session. The precious metal has broken out of the support level at $2033 and the price analysis chart indicates a clear downward trend with a convergence preparing for a reversal from the 4 and 89 EMA. It is expected that the current price correction will continue until a retreat of 0.5 or even 0.618. We can anticipate further decline in gold after this correction phase. Selling opportunities should be prioritized, my friends!
OANDA:XAUUSDShort
by RKarina
GBPUSD price momentum remainsThe GBP/USD pair continues its streak of consecutive victories this week. Positive risk acceptance and the slight decline in the US Dollar are supporting the pair's price increase. The currency pair is currently trading at 1.2759, up 0.05% for the day. In recent times, this level has been a significant resistance point for the pair. However, with the support from the upward trend and trendline, we can expect positive signals from the EMA 34 and 89 for this currency pair. If favorable conditions persist, it is anticipated that after a small retreat to the 0.618 - 0.5 Fibonacci level, GBPUSD will gain new momentum and achieve a breakout towards the 1.28 peak.
by RKarina
BTCUSDT: Bulls are getting hotToday, BTCUSDT is receiving strong price support as it has surpassed the psychological resistance level of $46,000 and is directly facing the resistance level from the past at $47,000, as shown on the chart. Why does RKarina believe BTCUSDT is heading towards a new record target? The EMA 34 crossing and reversing over the EMA 89 is a strong signal for an upward movement. Additionally, when using Fibonacci extensions, the price has formed a DOW pattern with profit-taking targets at 1.618 and 2.618, which coincide with the peaks at $50,700 and $66,500 respectively. These are the levels that buyers are currently aiming for as the price steadily increases and receives strong support over the past few months. RKarina's immediate target is set at the psychological level of $50,000. What about you? Do you think BTCUSDT can set a new record again
Long
by RKarina