Analysis of intraday,intraweek Moving average stocks 19/Nov/2024Analysis of intraday, intraweek Moving average stocks 19/Nov/2024
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Gold Loses Momentum, Profit-Taking Ramps UpYesterday, gold took quite an unexpected turn, didn’t it everyone? Let’s join Alisa in updating today’s gold price news!
Today's gold price dropped by $33.6 per ounce, settling at $2,715.8 per ounce. This decline is mainly due to the strengthening of the US dollar and the rise in US bond yields, which reduced gold’s appeal as a safe-haven asset. Additionally, profit-taking activity has also contributed to the pressure on gold prices.
Looking at the 4-hour technical chart, gold is expected to undergo a price correction and shows a slight downward trend in the short term. With the key support level at $2,715, gold may gain momentum, but it will face challenges from two resistance levels at $2,738 and $2,757. These resistance levels are likely to hold back gold’s upward movement and lead to a minor decline.
Although currently in a downward adjustment, gold still holds strong potential for a robust recovery. The volatile US economic landscape and the upcoming election could quickly inject fresh energy into the gold market, making it an attractive safe-haven once again. So, make sure to keep a close eye on it!
Economic Recession Weighs on EUR/USDHello everyone, Alisa is back! Today, let’s analyze the EUR/USD currency pair.
EUR/USD has fallen below 1.0800 due to concerns over an economic recession in the Eurozone and the ECB's continued rate cuts. Inflation decreasing faster than expected has driven these decisions, reducing the Euro’s appeal.
On the 4-hour chart, EUR/USD is showing a clear downtrend. The 1.080 resistance level has become a significant barrier, repeatedly pushing the price back. Even with recovery attempts, the pair is quickly pulled down by the previous support level, which has now turned into a new resistance.
Investors should exercise caution with the EUR/USD pair during this period. The ECB's rate cuts and the gloomy economic outlook for the Eurozone may trigger unexpected volatility in the market.
Gold Surges Strongly, Conquering Unprecedented HeightsHello everyone. How is gold performing today? Let's discuss!
Geopolitical tensions, especially the upcoming U.S. Presidential election, are driving the demand for safe-haven assets like gold higher. The global gold price has reached a new record and may continue to rise if the situation in the Middle East remains tense. Additionally, global monetary easing policies are also supporting gold prices.
Gold is currently stable around $2,752, with the EMA 34 and EMA 89 acting as reliable support levels. After being supported at the critical $2,720 level, gold gained momentum but paused to accumulate at the resistance zone of $2,739. However, with its strong uptrend, gold is expected to surpass this resistance and aim for the next target of $2,770.
With the current strong supporting factors, gold has a very bright outlook. However, investors should closely monitor market developments and be ready to adjust their portfolios to cope with potential risks.
EUR/USD Weakens: The U.S. Dollar Rises, ECB CautiousHello everyone, Alisa here! What’s the trend for the EUR/USD pair? Let’s discuss together!
EUR/USD continues to slide, reaching its lowest level in 11 weeks, trading around the support level of 1.0828. The selling pressure has increased due to expectations that the European Central Bank (ECB) will further ease monetary policy, potentially cutting interest rates once again in December. Meanwhile, the strengthening U.S. dollar is also putting pressure on the pair.
Looking at the technical chart, a bearish trend is currently unfolding for EUR/USD. Despite the 1.081 support level providing some momentum, with the current factors, any upward movement is unlikely to be sustained, and the pair is expected to face resistance at the key 1.085 level and then continue to decline. Traders should be cautious with long positions and consider opening short positions when there is confirmation of a break below the 1.081 support level. Profit targets could be set around the 1.075 - 1.070 zone.
That’s my take. What do you think?
Gold Rises Despite the Increasing USD and Bond YieldsToday, Alisa brings you more updates on gold prices. Let’s discuss together!
Gold prices continue to be supported by a series of geopolitical instabilities in the Middle East, especially the escalating tensions in areas such as Israel and Palestine. In addition, expectations of monetary easing policies from the U.S. Federal Reserve (Fed) at the early November meeting are also a significant driving factor. Despite the rising USD and bond yields, the price of the precious metal has risen sharply.
According to the technical chart at 1:00 AM, gold is fluctuating at 2,738, up by 0.6%. With solid support at 2,716 USD and decreasing selling pressure around the 2,737 USD resistance zone, the precious metal is showing positive signs. If gold successfully breaks through the current resistance level, there is a high possibility of forming a new upward trend and establishing a new peak.
With the current complex developments in the gold market, what are your thoughts on the outlook for this precious metal? Feel free to share your opinions!
USD/JPY is about to break through the 150.00 levelHello everyone, today let's update the USD/JPY pair with Alisa!
USD/JPY is on the path to breaking through the 150 psychological level. Uncertainty surrounding the BoJ's policy and overall market optimism are supporting the USD. Although there have been comments about intervention by the Japanese government, geopolitical tensions and upcoming events may limit the JPY's downside.
From a technical perspective, this pair is trading in a positive zone. However, if it fails to break through the resistance level of 149.58, USD/JPY may potentially decline towards the support level of 149.19. Conversely, if 149.19 can act as a springboard and help the pair break the resistance at 149.75, it could pave the way for the pair to target 150 and beyond.
Investors should closely monitor BoJ policy news and geopolitical events to make informed investment decisions.
Gold Conquers New HeightsHello everyone! How is the gold price doing at the moment? Let's analyze it with Alisa!
Global gold prices continue their impressive upward trend, with spot gold recording a gain of $2.3 compared to last weekend, reaching $2,723 per ounce. Last week witnessed one of the strongest and most sustained price increases for gold this year.
Gold is showing an extremely positive technical outlook. With the moving average pointing upward and technical indicators supporting the bullish trend, gold is ready to conquer new heights. The $2,607 support level acts as a solid cushion, allowing gold to easily break through the $2,730 resistance and move toward the $2,800 target.
So, what do you all think about today’s gold price? Will the upward momentum continue?
USD/JPY: Will it break out of the current range?A new day has begun. Have you all updated the news on the USD/JPY pair yet? Let’s catch up together!
The recovery of the Japanese Yen (JPY) remains quite fragile due to concerns about the Bank of Japan’s (BoJ) monetary policy and the global risk environment. On the other hand, the USD continues to be supported by expectations that the Fed will maintain high interest rates in the near future. This makes the USD more attractive compared to the JPY, limiting the upward momentum of the USD/JPY pair.
Looking at the technical chart, the USD/JPY pair is fluctuating around 149.63 in a downtrend. Although there is support at the 141.86 level, the pair has not been able to sustain its upward momentum. However, investors must be more cautious with their decisions, especially as the market is being influenced by multiple uncertainties.
What are your thoughts on this pair? Leave a comment and let me know!
Crude Oil Chart Pattern for 15 Oct 2024Crude faces heavy selling after breaking support as predicted in my last idea and same for the cuurent scenario again it comes to crucial level of support may be we can see minor pullback to zone of 72.300 to 600 and then selling of more than 2.5 to 3% ,let's see how its going to move today.
Gold loses momentum: Will it drop further?Hello everyone. Today, let’s join Alisa in predicting gold prices!
Gold prices have plunged under pressure from several unfavorable factors. The strengthening U.S. dollar has made gold less attractive compared to other assets, prompting investors to exit the gold market. At the same time, the strong recovery of the U.S. stock market, with significant gains in major indices such as the Dow Jones, Nasdaq, and S&P 500, has attracted investment flows, adding further pressure on gold prices.
Gold is facing downward pressure at the $2,650 per ounce level on the 4-hour chart, dropping $15 per ounce compared to the previous session's peak. The strong resistance level at $2,660 per ounce is limiting the rise of this precious metal. If it fails to break through this resistance, gold prices may reverse and retest the support area around $2,607 per ounce.
What about you? Do you think gold will go up or down?
EUR/USD: Will the ECB's Decision Determine the Future?Hello everyone! A new week is starting. Today, let’s join Alisa in predicting the EUR/USD currency pair.
The EUR/USD pair continues to face downward pressure amid escalating geopolitical tensions in the Middle East. Fears of a large-scale conflict in the region have increased demand for the USD, while reducing the appeal of risk assets like the Euro. The ECB’s upcoming policy decision on Thursday also adds to the selling pressure on this currency pair.
Looking at the 1-hour technical chart, the pair is fluctuating around the 1.0918 level, in a downtrend. With resistance at 1.0943 acting as a barrier, the EUR/USD pair is unlikely to break upward in the short term. If the pair breaks the 1.0920 support level, selling pressure could intensify, pushing the price to lower levels.
What are your thoughts on the EUR/USD pair today?
INDRAMEDCO - Bullish Flag PatternINDRAMEDCO - Has shown a Bullish Flag pattern in the Daily time frame - This shows strength in the stock and also means potential upside in the near future.
The company has a fantastic history and fundamentally has very attractive numbers, not only this is a good entry point for swing traders but also a good stock to hold for a long term.
Note: These views are personal and for informative/ educational purpose only. Please conduct your own research before making any investment decision.
Gold Prices Surge: A Boost from U.S. InflationHello everyone. Today is Saturday. Let’s join me in predicting today’s gold prices!
Gold prices continue to rise and are currently hovering at $2,657. This marks the second consecutive session of gains, pushing the total increase of the precious metal to $50 in just two days. The main driving force behind this rise comes from the latest U.S. inflation data, strengthening expectations that the Federal Reserve (Fed) will lower interest rates in the near future. Additionally, geopolitical tensions in the Middle East have also contributed to the increased demand for gold as a safe haven.
Observing the technical chart, the gold price is drawing a very positive picture. With strong support at $2,638, the precious metal is showing a robust uptrend. If gold successfully breaks through the resistance level of $2,660, we can fully expect a powerful new price rally, opening up attractive opportunities for investors.
This is my analysis. What about you? Do you agree with me?
Russian-Ukraine conflict and U.S. inflation hold back EUR/USDHello everyone. Today, let's take a look at the EUR/USD pair!
The EUR/USD pair continues to face downward pressure as the U.S. inflation index came in higher than expected on Thursday, providing some support for the U.S. dollar and limiting the pair's upward momentum. This, combined with concerns over the European economic situation and the ongoing Russian-Ukraine conflict, has made the Euro less attractive. In the short term, EUR/USD could continue to decline if U.S. economic data remains positive.
Looking at the 4-hour chart, the pair is defending around the 1.093 level, still in a downtrend. Despite support at 1.090, the pair has been unable to break through the resistance at 1.099. The price of the pair is likely to reverse and move downward. At the same time, the EMA has also turned bearish, further reinforcing this analysis.
What about you? What do you think of this currency pair?
The USD Takes the Lead, Gold Loses GroundHello everyone. Today, Alisa will share her perspective on the current situation of gold. Let’s join in the discussion with Alisa!
Even before superstorm Milton made landfall, the gold market had already "sunk" in a storm of sell-offs. The USD, acting as a "lighthouse" of safety amidst uncertainty, continues to attract capital inflows. The recovery of "Wall Street" has further boosted the allure of the greenback, pushing gold prices to new lows.
Looking at the 4-hour chart, we can clearly see that the downward trend in gold is being reinforced. Although there is support at the 2,608 level, it seems unable to help gold recover as it faces resistance at 2,621. Given the current situation, Alisa believes that gold is likely to continue its downward trajectory, potentially dropping even further.
Today has been another day of significant fluctuations. What do you think about the gold price?
EUR/USD: Continuing to Decline or Approaching a Turning Point?Hello everyone. How are you all today? Let's join Alisa in analyzing the EUR/USD pair!
The EUR/USD pair continues to slide and is nearing an 8-week low of 1.0960 due to the strong rise of the USD. Positive U.S. job data has reinforced expectations that the Fed will continue to raise interest rates, pushing the USD index to new highs. Additionally, geopolitical tensions in the Middle East have also enhanced the appeal of the USD as a safe-haven asset.
Looking at the 1-hour chart, the 1.097 resistance level is proving too strong for the Euro. If this level is not surpassed soon, the Euro may test the 1.095 support level. It could even break this support and fall further.
This is Alisa’s analysis. What do you think about this currency pair?
Gold Losing Momentum: Is the Gold Rush Cooling Down?Hello everyone! A new week has begun. Today, let's join Alisa to forecast the gold price!
The gold market today has recorded a slight decline after the U.S. September jobs report exceeded expectations. Specifically, the spot gold price dropped by 0.4% to $2,642.78 per ounce. The unexpected improvement in the U.S. labor market has reduced expectations that the Federal Reserve (Fed) will soon ease monetary policy, putting pressure on gold prices. This is considered one of the main factors influencing gold price movements in today’s trading session.
Technical analysis shows that the 34.89 EMA has shifted to a downward trend. With the nearest support at 2,640, gold is currently attempting to recover and retest the resistance level at 2,647. However, if selling pressure continues to increase and gold closes below the support level of $2,640 per ounce, the downtrend is likely to be reinforced, opening up the possibility for deeper declines toward the next support zones.
And you, what do you think about today’s gold price? Will gold rise or fall?
Gold Maintains Its Upward Momentum Despite Inflation Concerns
Hello everyone! How are you today? Let's join Alisa in analyzing the gold price!
Although gold is showing signs of cooling down as some Federal Reserve (FED) leaders unexpectedly announced that bringing inflation back to the 2% target might take longer than expected, the safe-haven demand for the precious metal, amid escalating tensions in the Middle East, remains intact. Therefore, gold continues to maintain its stable upward momentum.
The 1-hour technical chart analysis reveals a clear bullish reversal in the 34 and 89 EMA moving averages, reinforcing short-term bullish expectations for gold. The strong support level at 2,655 further solidifies this trend. With these positive technical signals, I predict that gold prices will continue to surge and aim for higher price targets during today's trading session.
What about you? What do you think about the gold price today?
Gold "Cools Down" After a Hot RallyHello everyone. Let’s analyze today’s gold price together!
Gold prices have slightly decreased today, pausing after gaining more than 1% in the previous session. The upward momentum of gold appears to be stalling, and the market is now "waiting" for U.S. labor data and speeches from several Federal Reserve (Fed) officials to gain more insight into the agency's policy stance.
Looking at the technical chart, selling pressure on gold is steadily increasing. Gold is fluctuating around $2,655 per ounce and showing signs of weakening. Support at $2,647, which was once expected to be a strong point for gold's recovery, has now become fragile. The 34 and 89 EMAs are forming a significant barrier, preventing gold from rising. In fact, the possibility of gold breaking below the $2,647 support level and dropping further in the short term is entirely plausible.
Gold prices are currently in a tug of war with many influencing factors. What do you think about today’s gold price?
Iran Attacks Israel, Investors Flock to GoldHello everyone, it’s Alisa here again. I’m happy to share with you today’s gold price updates.
Today, gold prices have unexpectedly surged after a period of "rest," driven by safe-haven demand amid concerns over escalating tensions in the Middle East, following Iran's launch of a series of ballistic missiles at Israel in retaliation for Israel's campaign against Hezbollah. This event has caused investor sentiment to panic, leading them to rush towards safe-haven assets like gold, pushing the precious metal to new highs
Technical analysis shows that the upward trend in gold is still being maintained. With solid support at 2,630, the precious metal has the potential to gain new momentum. If it can break through the key resistance level of 2,666, gold will open the opportunity to set new highs and continue its strong upward momentum in the
What do you think, how will gold prices fluctuate today?
Is this the end of gold's price rally?Hello everyone, today let's analyze the price movement of gold together! Will gold rise or fall?
After a historic price increase driven by the U.S. monetary easing policy and escalating tensions in the Middle East, gold prices have dropped today. The reason is the recovery of the U.S. dollar and the more cautious sentiment among investors following gold's continuous upward trend.
Looking at the technical chart, the fact that the EMA 34 line is below and the price has broken through the support level of 2,645 are strong signals confirming the downward trend of gold. Traders can take advantage of this opportunity to open sell positions, aiming to take profit as the price continues to fall. However, it is important to set stop-loss orders to manage risk effectively.
These are Alisa's thoughts. What about you, do you agree with me?
Gold Pauses After a Strong Rally: Will It Reverse?Hello everyone! Another new week has arrived. Today, let’s join Alisa in analyzing the movements of gold prices!
After hitting several consecutive peaks, the gold market has slightly adjusted today, indicating that investor sentiment is becoming more cautious. However, upcoming important economic data, such as the jobs report and the Fed Chairman’s speech, could quickly change the situation.
The technical chart shows gold prices fluctuating around 2,653. The support level at 2,645 is playing a crucial role in maintaining the uptrend of this precious metal. If gold can break through the resistance level of 2,663 USD, buying pressure may increase, opening up the opportunity for another price surge. However, investor sentiment remains cautious amid unexpected market volatility.
This is my assessment. What about you? What are your thoughts on gold prices this week?