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Dear traders! A classic bearish breakout has formed from the $72,000 resistance after failing to break above the local $74,000 resistance as expected earlier. And there is a huge selling pressure around the $68,385 level (as observed on the H1 timeframe) and if the decline continues without a broken channel resistance, the bears could target $56,000. But in the...
Make sure you prepare for this huge historical bullish trap on Bitcoin. Why? First, look at the price action. We have a bullish flag, that's what everyone sees. The market makers count every cent on their accounts, and this is a pretty good opportunity for them to make a lot of money by trapping retail traders. What will a typical retail trader do in this...
FX:XAUUSD is testing trend resistance. The struggle continues, but on the background of strong dollar the price can test the minimum or even update it. The news is coming and the market may go flat. GOLD is testing the strong resistance area 2304 as well as the pullback level 2314.7, forming a new key resistance within the correction. The technical and...
In this analysis I want to discuss a (most likely) unpopular view on the market. Namely, that the "cycle" is already over and that the peak is in for now. Preface This is not my most likely outcome for the markets. You can find my most likely outcome below: Still, it's always advised to keep an open mind and explore different potential outcomes. Overview...
Greetings, fellow traders and gold enthusiasts! Join Rena in exploring the gold price (XAU/USD) trend predictions for today! Currently, gold is hovering around the $2,320 USD/ounce mark, following a dip triggered by China's announcement to halt its national gold reserve accumulation. Today's trend might lean towards a decline due to the strength of the USD and...
Injective (INJ) has been the biggest gainer of the week with a robust increase of 20.43%. After reaching an all-time high (ATH) of $53.01, INJ experienced a significant sell-off, filling the Fair Value Gap (FVG) on the daily timeframe and touching a low of $18.70 before quickly bouncing back. Currently, INJ is trading within a range of $21.54 to $29, facing...
Yesterday, the price failed to break through the 70170 resistance level after two upward surges. The short-selling force began to exert its strength and directly broke through the 69130 and 68450 resistance levels. As of now, the price has fallen by more than 3,000 US dollars. If nothing unexpected happens, the price will continue to fall due to the inertia of the...
Dear friends Gold prices increased slightly despite the recovery of the USD as investors are still "waiting" for important US inflation data and the results of the US Federal Reserve's (Fed) policy meeting to know more details on the central bank's plan to cut interest rates compared to the inflation target. Currently, traders are worried about the Fed's policy...
Hello everyone, In today's trading session, gold has seen a slight increase. However, the looming threat of a "hot" inflation report from the Federal Reserve's FOMC meeting, starting this morning (June 12), could push gold prices down. While demand from bargain hunters has boosted gold prices, the rise is capped by the strong U.S. dollar. Recent positive...
In recent trading sessions, the Japanese Yen has seen a strong increase in value against the US Dollar, partly due to concerns about the global economic situation and market sentiment. This increase reflects a safe-haven search from investors. From a technical standpoint, the 50-day moving average (MA) is trending below the 200-day MA, forming a "death cross," a...
Bitcoin price action has literally bored market participants into a gelatinous state of perpetual apathy. That’s about to change. Why? 1) Price action and RSI resistance breakouts. See daily chart below. On the 8hr chart above (using Heikin Ashi candles for cleaner reading): 2) A trend reversal is evident with the first higher low since April 3rd. Green...
TCUSD Trading Idea Today, BTCUSD is trading around $67,600. In the short term, we've seen this pair drop over $1,800, losing about 2.61% for the day. Observing the market, it appears that BTCUSD is forming a double top pattern, as we've analyzed. If this pattern continues, there’s a strong possibility that BTCUSD could retest the support level at $62,000. What...
The current situation: On June 11, 2024, gold price is trading around the psychological level of 2300 USD/ounce, increasing significantly compared to the previous closing. This increase takes place in the context of weakds of the dollar and the yield of bonds decreases slightly. Impact factors: -Global monetary and economic policy: Investors are expecting...
Dear traders! On D1 we see the trend has changed then the market moved into the adjustment and distribution phase and reached 66,000 USD. Accordingly, the resistance area at 2350 USD continues to hold the price amid corrections and sell-offs. But! There are signs that the triple top pattern is gradually forming (with 4 waves confirmed by the market around the...
The recovery is still cautious in the context that technical charts show that the downward pressure on gold prices in the short term is still strong and investors wait for the results of the US Federal Reserve (Fed) meeting this week... World gold prices recovered during the trading session on Monday (June 10), regaining the key threshold of 2,300 USD/oz, after...
The scenario of Bitcoin's movement doesn't change; I'm still bullish in the same way. Despite the local correction. Many people may think that we are in the zone of the previous high, forming a reversal formation and will correct up to 50k - I frankly doubt it - although this is a crypto market, and everything is possible. The scenario of pre-long-term...
Dear friends! Today's world gold price is listed on Kitco at 2,314 USD/ounce, an increase of 11 USD/ounce compared to yesterday's trading session. Currently, traders are worried about the Fed's policy meeting on June 12 because if the inflation report does not show any improvement, the Fed will not signal to lower interest rates soon. This means that both the USD...
Hi everybody! Overall, GBPUSD is still moving above a steady uptrend channel despite yesterday's decline. We expect the recovery to continue with a possible retest of dynamic support for accumulation before distribution.