Signals
Gold is negative with the opening session on MondayDear friends,
Gold prices have decreased by nearly $15 since the last trading session, marking a 0.74% drop for the day.
Meanwhile, the precious metal remains unstable as investors try to predict the next move by the Federal Reserve. Therefore, overall sentiment among gold traders still leans towards a downward trend based on signals from the 34 and 89 EMA lines.
Resistance level: $2045 Support level: $2030
Gold price decreased but the upward momentum remained the sameIn general, the main trend of gold in the past week has been a decline, with a decrease of over $40 during the week.
However, when looking at the long term on a daily chart, gold still maintains a strong upward trend with a stable ascending trendline. Gold has experienced a week of price decline as a corrective wave, testing the EMA 34 line at $2045 and the upcoming prospects are expected to test the EMA 89 line at around $2019.
We can expect gold to recover from this point as it touches the trendline and finds support at that level (as marked on the chart).
EURUSD: Quiet tradingHow do you assess EURUSD?
Today, EURUSD is still in a downtrend with sideways movement and is limited below the resistance level of 1.097. Currently, this currency pair is fluctuating around 1.093 and is expected to decrease further due to the increase in US Treasury bond yields, which has been supportive of the US Dollar (USD).
The EMA 34 line on short-term timeframes and convergence on the 4-hour chart continue to reinforce the bearish outlook.
What about you? Do you think EURUSD will rise or fall in the near future?
Dogecoin $5 Potential in Memecoin Season in Bull MarketCRYPTOCAP:DOGE Pattern is Repeating before Blasting We are waiting for a Perfect Retest.
The #DOGECOIN pattern is repeating, signaling a massive blast-off just around the corner.
A perfect retest is approaching, creating an incredible entry setup.
Once the retest is complete, watch Dogecoin soar to the moon!
In the #memecoins season of the bull market, $5 is a realistic target.
Get ready to ride the wave!
Share/Comments if you Agree with My #DOGE Setup.
Gold price todayToday, the price of gold in the market is relatively intense between the selling and buying sides, with a focus on lowering prices still being emphasized. At the time of writing, the price is reacting to trading around $2047.
The price of gold has decreased after the Federal Reserve released the minutes of its latest meeting on January 3, showing that the central bank is not yet ready to lower interest rates.
Therefore, it is necessary to closely monitor important market news to grasp the trend of this precious metal in the upcoming period.
XAUUSD: What matters is the news tonight?Dear friends, what are your thoughts on the upcoming trend of Gold in light of the significant news affecting it?
Currently, the price of gold is still trading steadily around $2040 USD, with little change from yesterday. The overall trend of gold remains bearish, with immediate resistance at $2050 USD. At the end of the day, the United States will release the Non-Farm Payroll report, which is quite important for gold as it may provide us with a fresh perspective on whether gold will continue to decline or rebound.
EURUSD: bearishDear friends, as predicted by me yesterday, EURUSD has corrected to a previously broken level
Looking at the overall market today, we can observe:
The EUR/USD pair is trading positively for the second consecutive day on Friday, despite lacking monitoring and still being limited within a wider trading range than the previous day in the Asian trading session. The spot price is currently fluctuating around 1.0900 as traders eagerly await significant macroeconomic data from the Eurozone and the United States (US) to provide some meaningful momentum.
In my personal opinion, I believe that the price will adjust downward due to the unfavorable factor of the underlying USD strengthening in the near future, with an expected decrease of 1.0750.
XAUUSD: new weekly trading strategyDear friends, what do you think about Gold?
In general, Gold showed signs of decline last week, dropping over 40 USD from 2088 USD to 2045 USD. Towards the end of the week, Gold seemed relatively calm, focusing on a sideways trend with a resistance level at 2050 USD and a support level at 2030 USD.
On Friday, when the Non Farm news was released, Gold experienced significant fluctuations, reaching a high of 2065 USD and a low of 2024 USD. However, Gold closed at 2045 USD without any major breakthroughs.
Looking at the prospects and trend evaluation for the future: With the current situation of the USD gradually recovering, Gold still has a tendency to decline further, as seen by the reversal from the EMA 34 line on shorter timeframes and consolidation on the 4-hour chart.
Breaking below the support level will push Gold back to the 2015 USD mark.
FIL/USDT 30x Potential As per Chart Analysis FIL/USDT: 30x Potential! Potential $180 As Per Chart Analysis TSX:FIL
- Currently trading at $5.95, #Filecoin is on the verge of a breakout!
- If the breakout occurs, buckle up for a wild ride to $100+! Don't worry if there's a rejection and a dump.
Keep accumulating at every big dip!
- Accumulation Zone: $5-$4
- Targets: $25 / $47 / $111 / $187
RT&Comments if you Agree
USDJPY: achieved impressive gainsDear friends, the Japanese yen has been trading negatively against the US dollar for the fourth consecutive day on Friday, with the USD/JPY pair reaching its highest level in two weeks around the 144.85 area during the Asian trading session. At the time of writing, the price is trading at 144.70, indicating that USDJPY has previously escaped a prolonged downward channel and is stabilizing with a good recovery trend on the 12-hour timeframe.
With the US dollar showing signs of a rebound, the bullish camp continues to push prices higher, with a target of 147.3 being highlighted.
From an analytical perspective, I still expect prices to increase further using the breakout trading method.
Using the excellent tool from Tradingview, Fibonacci suggests that prices may retreat to the 0.5 and 0.618 levels to correct the previous strong upward momentum before any catalyst causes prices to bounce back. A breakthrough above 144.90 will accelerate the UJ price to 147.34.
Wishing you successful and lucky trades!
GBPUSDDear friends, Currently, the British pound may have increased due to improved data released on Thursday from the United Kingdom.
Currently, this currency pair is facing temporary resistance at 1.2700 before 1.2740. If GBP/USD recovers within the 1.2740 channel, there is a possibility that the price will decrease again, with a potential target of 1.2399.
Gold price todayDear friend, Today, the price of gold in the market has fallen after reaching its highest level in the overnight trading session at $2,050 per ounce, marking the most significant decline in three weeks.
The drop in gold prices is due to a sharp decrease in the number of US workers filing for unemployment benefits for the first time in the last week of 2023.
On the other hand, gold prices are at risk of further declines as the US Federal Reserve recently signaled its readiness to cut interest rates at the end of the new year. The minutes of this meeting indicate that the rate-cutting cycle is likely to be longer than expected. This is putting significant pressure on the gold market.
Furthermore, gold prices are under pressure due to the upward trend of the US dollar. However, analysts believe that while the strength of the US dollar today is partly responsible for the decline in gold prices, it is not the main factor.
Therefore, it is crucial to closely monitor important market news to grasp the trends of this precious metal in the coming period.
BTCUSDT: Strong increase againHello dear friends!
BTCUSDT has witnessed a rapid surge but quickly underwent a correction. The price is currently trading around $43,000 today, marking a 0.51% recovery after signs of the correction nearing its end upon retesting the Breakout zone.
Karina's target: BTCUSDT aims to reach $48,000 in terms of price action. What about you?
Bitcoin Soon $200k if ETF get to Approved ?BIG NEWS: Bitcoin Aiming for $209,000 / MIL:BTC
Get ready for a potential surge as history repeats itself:
2004: Gold Spot ETF Approval
Result: Gold Price Soared by 481%
#Bitcoin currently at $43,480
High chance of #ETF Approval in days
A 481% increase from now = $209,000 BTC
Fun Fact: #Gold never returned to its pre-approval price.
Are we in for a wild ride?
L&T FINACE HOLDINGHello & Welcome to this analysis
Stock has entered in the PRZ of a Bearish Harmonic Bat Pattern in the monthly time frame suggesting a retracement 135-115.
The pattern gets negated above 188 - X pt of the pattern.
Since this is a monthly structure it could see a longer period of consolidation before it either does a distribution and dips down or after a sideways accumulation breaks on the upside.
Downward trigger level currently is at 155 on weekly basis.
Safe trading & investing
Bitcoin ( $BTC ) Surges Past $45,000 for First Time Since April Bitcoin ( CRYPTOCAP:BTC ) Surges Past $45,000 for First Time Since April 2022!
In the early hours of the day, Bitcoin's price surpassed $45,000 for the first time since April 2022, driven by expectations of a U.S. Securities and Exchange Commission ( #SEC ) approval for a spot Bitcoin exchange-traded fund (ETF).
Are you ready for the next wave of crypto growth?
Strong Resistance: $48600-$50600
#Bitcoin #Crypto #ETF #BitcoinETF
ETHEREUM Broken Bull Flag so Now Target is $2800 as per Chart#Ethereum Market Update: On the Way to $2800!
Current Status:
Ethereum (#ETHUSDT) has shattered the $2300 resistance mentioned in the last post and is now trading above $2400.
Bull Flag Resistance Broken at $2255, with a successful retest at $2200.
Analysis:
Bullish momentum continues, setting the stage for a push towards $2800.
Caution: In the event of a market downturn due to negative news, anticipate a potential retest at $2290-$2300 before the upward journey to $2800.
Critical Levels:
Resistance Broken: $2255
Retest Completed: $2200
Bullish Target: $2800
Important Note:
Sustaining below $2200 may shift #ETHUSDT into Bearish Mode.
Stay tuned for real-time updates!
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Thank you.
#EthereumUpdate #CryptoTrading #ETHAnalysis
Ethereum Ready for $3000 or $1500 ?CRYPTOCAP:ETH Chart Pattern:
#Ethereum price is currently experiencing a bullish pattern in higher time frames, forming both a symmetrical triangle and a bull flag.
The breakout and subsequent retest of the support level have been confirmed, indicating a potential target of $2,800.
However, if the price of #ETH breaks down below the $2,240 support level, it could turn bearish, potentially dropping to the $1,900-$2,000 range.
It is always important to trade with caution, considering the trend and confirmations before making any decisions.
#TRBUSDT #BULLRUN2024 #HappyNewYear
Foreign currencies increased sharply at the same timeThe USD decreased in the last trading session
The US Federal Reserve (Fed) may begin cutting interest rates when inflation falls closer to the US Central Bank's 2% target.
However, trading volumes fell after Christmas as some markets remained closed for the holidays. Many traders globally also take a holiday until Tet.
The greenback is on track for its worst performance since 2020 against other currencies, as market expectations of a Fed rate cut have dented the dollar's appeal against peers. other currency.
Many analysts expect the US economy to slow markedly in 2024, but the Fed is also expected to take action to ensure that the gap between the federal funds rate and actual inflation is not too wide. .
If inflation falls much faster than target, the Fed may tighten monetary conditions more than policymakers intended.