Update gold prices every day of the weekFundamentally, gold is under dual pressure from both the US and China, which are noted as two very important fundamental impacts on gold prices.
On the one hand, gold prices are under pressure because US macro data boosts market sentiment in favor of the possibility that the Fed will have to keep interest rates high for a longer period of time, which is beneficial for the USD and metals. unattractive quarter.
On the other hand, China stopped buying gold after 18 consecutive months of buying, also making the market worried about profit-taking time. It is also possible that this will help the gold price adjust down so that the Central Bank of China can continue to buy at a better price, because they just stopped and did not sell. However, we (short-term traders) will be affected by this because it creates surprises in the market.
There is nothing new in the geopolitical situation, so for the time being, we basically need to pay attention to US data and China's gold buying activities to quickly orient to changes without facing many uncertainties. doubt.
Plan to trade on June 10
👨💻 XAUUSD SELL zone 2335 - 2337
🔹SL 2340
🔹TP 2330 - 2320 - 2310
In addition, Buy Scalping bets will be updated continuously, so please follow the group to earn the best profits ❤️❤️
Wishing you Full City
Signals
Etherem ready for Big Pump ?#Ethereum Chart Analysis
#ETHUSDT is currently trading within a bull flag/parallel channel. We're waiting for a breakout before entering any trades.
- Bearish Scenario:
If CRYPTOCAP:ETH breaks down below the support level at $3650, we might see a decline toward $3152, which is the last Fair Value Gap (FVG).
- Bullish Scenario:
If #ETH holds the $3152 level, we could see an upside move toward $4000.
A break above $4000 resistance could trigger a strong bullish move toward the $6000-$7000 range.
Let's watch closely and stay updated on the price action.
#Ethereum Breakout: Will ETH ETF Decision Propel Prices to $6000#Ethereum Eyes Breakout: Will ETH ETF Decision Propel Prices to $6000?
CRYPTOCAP:ETH is showing bullish signs with a falling wedge/bull flag pattern and a strong bounce off support.
ETH ETF decision on Thursday. Deadlines for 4 ETF issuers are at the end of this month, starting May 23rd.
Potential Targets:
- Approval: #ETH could soar to $5000-$6000.
- Rejection: ETHUSDT might drop to $2500-$2000.
Conversely, a rejection, especially if based on the classification of tokens as securities, could lead to a downturn in ETH and #DeFi assets.
Strategy: Consider a spot long position, but avoid excessive leverage due to potential volatility.
Stay informed and trade smart.
$WIF Elliott Wave Analysis ( Target $20 As Per EW )CRYPTOCAP:WIF Elliott Wave Analysis
- The current EW 5-wave cycle appears complete, entering A-B-C correction.
- Post C-phase correction, anticipate a significant upward rally towards $16-$20 (1200% potential).
- Correction Target: Expecting a dip to 0.382 Fibonacci level ($1.60-$1.30).
- Worst Case: Exit strategy if price breaks below the bull flag's red line.
Stay tuned for updates.
$ETH Bull Flag Waiting for Breakout CRYPTOCAP:ETH Bull Flag Waiting for Breakout
ETH ETF approval date is around the corner. Major resistance at $3100 level. If it breaks $3200 resistance, we could see #ETH toward a new all-time high at $5000
However, below $3200, we might see $2400
Monitor the bull flag pattern closely.
#Ethereum
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.
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).
GBPUSD: New breakout confirmed after USD decline!The GBP/USD pair continued to rise near 1.2688 on Thursday during the early Asian session. The major pair's rally was supported by a weaker greenback following the release of softer US CPI inflation data.
The outlook continues to be bullish as the pair successfully breaks resistance at 1.263 and makes this the expected new support level after a mild trend correction.
EURUSD: Strong increase!EUR/USD rose on Wednesday, one of the pair's best days of 2024, climbing to 1.0900 and on pace for a fourth straight weekly gain. Broad market selling pressure weighs on the US Dollar after risk appetite soars to the fore after US CPI inflation fell more than investors expected giving EURUSD the edge continue to increase.
LISK Bull Flag AnalysisLSK/USDT Chart Analysis
LSK/USDT is forming a Bull Flag pattern with a breakout and retest already completed. Based on the chart pattern, a significant move is anticipated from here.
Entry: $1.93 - $1.80
Targets:
$2.00
$2.32
$2.75
$3.25
$5.00
Stop-Loss: $1.75 (and a strong stop loss below the red line)
- Ensure proper risk management at all times.
- Happy trading!
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!
Alert: AEVO Down -80% from Its All-Time High, What Next ?AEVO Down -80% from Its All-Time High
AEVO, listed on Binance on March 13, 2024, experienced a significant price movement shortly after its listing. Within 15 days, AEVO hit an All-Time High (ATH) of $3.94 from its listing price of approximately $2.80.
Current Status:
Current Price: $0.76
Down -80% from ATH
Technical Analysis Highlights:
- The chart indicated a clear exit point at the breakdown of the $2.93 support level.
- An alert was triggered when a bearish flag formed last month, followed by a breakdown and retest at the $1.46 level.
- It's crucial to learn from market movements and avoid trading blindly. Many investors who entered at the ATH are now facing an -80% decline.
Investment Impact:
An investment of $100,000 at ATH is now worth only $20,000.
Trade smartly, guys! Always perform thorough analysis and stay vigilant with market signals.
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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.
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.
EURUSD: Continues to receive support!Hello everyone, are you wondering about the trend of EURUSD?
Currently, EURUSD continues to correct upward with the rise of bearish sentiment towards the US Dollar (USD) promoting a strong reaction of EUR/USD. The pair broke through many important resistance levels and turned this into a new support level.
The recovery trend of EURUSD is also guaranteed when it is above the EMA 34, 89. The Buy strategy is continued to be promoted!
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.
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!
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.
Gold price returns to the race to increase?Global gold prices have continued their upward trend, with gold prices reaching $2,360/ounce.
This is the strongest increase in 5 weeks, as more and more investors expect that the US Federal Reserve (Fed) will soon adjust monetary policy towards loosening. This optimism is further reinforced by recent economic data, which shows a slowdown in the US economy, increasing expectations that the Fed will have to loosen monetary policy in the near future. Specifically, after the US monthly employment report did not meet expectations, the latest report on weekly unemployment benefit applications increased higher than expected, which pushed gold prices up more than 1%. , reaching its highest level of the month.
2024 & 2025 Bitcoin Green Yearly Candle ?After Every Red Yearly Candle... Expect Three Consecutive Green Years!
Doubts? Just zoom out on the CRYPTOCAP:BTC chart. #Bitcoin proves it's always bullish in the long run.
Are You Ready for the Green Years of 2024 & 2025?
Let's gear up for growth!
#Cryptocurrency