Let’s take a look at the technical picture of EUR/USD, NZD/USD, Gold and Bitcoin The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Bitcoin: Target for this bull cycle is $300,000 April 8, 2024 The Bitcoin exchange rate has significantly strengthened after a series…Weekly forecast based on simplified wave analysis of… April 8, […]
It seems that August this year will remain the worst August month in history. Since early 2023, positive sentiment in the markets has increased significantly on a wave of expectations that inflation this year will fall in the US to the target level of 2% and, in turn, the Federal Reserve will stop further rate […]
Technical analysis: Gold has been trading in the sideways range at the price of $1.887 but in the downside trending condition, which is a sign for potential downside continuation. Due to the series of the lower highs and lower lows and in the downside channel, I see potential for the further drop towards the next […]
Blue lines- Fibonacci retracement levels Gold price ended the week at a new lower low around $1,888. Short-term trend remains bearish as price continues making lower lows and lower highs. Recent price action suggests that the entire upward move from $1,614 low from 12 months ago is most probably complete and that a correction has […]
Early in the American session, Gold (XAU/USD) is trading around 1,894.28 above the 21 SMA and above the 1/8 Murray. Gold remains under bearish pressure and has consolidated above 1,890, a key level that could serve as support in case of a strong technical bounce. Yesterday gold reached a low of 1,884.74. This level coincided […]
EUR/USD Higher Timeframes Over the past 24 hours, the pair closed below the daily cloud and the weekly medium-term trend (1.0898). Consolidation at these positions will allow us to outline new opportunities to strengthen bearish sentiments. Meanwhile, the current downward tasks include the liquidation of the weekly golden cross in the Ichimoku cloud (1.0805) and […]
Technical analysis: Gold has been trading sideways at the price of $1.892 but I still see that Gold is in the downside channel with no evidence for the reversal. Due to the well established downside trend and the lack for buyers at $1.894, I see potential for the further drop towards lower reference. Downside objective […]
Key points of the day: Cisco surged due to strong quarterly results. CVS shares dropped after Blue Shield of California’s decision to change its business relationship. Pfizer’s stocks rose following reports of a new COVID-19 drug development. Positive statistics: Unemployment claims dropped faster than predicted. Major index declines: Dow by 0.84%, S&P 500 by 0.77%, […]
Early in the American session, gold (XAU/USD) is trading around 1,899.56, below the 21 SMA within the downtrend channel formed since July 26. We can see a technical rebound after reaching April price levels around 1,889.48. According to the 4-hour chart, gold is heading towards the top of the downtrend channel. A rejection could occur […]
Gold price is trading below $1,900 after briefly breaking below the June lows of $1,892. Technically trend remains bearish as price continues making lower lows and lower highs. Today we use the Ichimoku cloud indicator to identify key resistance levels in the near term. In the 4 hour chart price remains below both the tenkan-sen […]
EUR/USD Higher Timeframes Bearish players have entered into a battle with the daily Ichimoku cloud. A breakout and firm establishment in the bearish zone relative to the cloud (1.0864) will allow for the formation of a downward target and will also open up new prospects for bearish players. For example, the next tasks will be […]
In premarket trading, the US stock market signaled a significant correction on August 17. Futures on US stock indices initially opened with gains, but then continued the decline observed throughout the entire week. S&P 500 futures dropped by 0.2%, while the high-tech NASDAQ posted a 0.3% decline. After assessing the minutes from the July meeting, […]
Upside movement on the Gold in play… The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Video market update for April 08, 2024 April 8, 2024 Potential for the breakout on the USD/JPY…. The material has…Market Comment – Stocks climb after sizzling US jobs report April 8, 2024 Nonfarm payrolls smash forecasts, reaffirming […]
Technical analysis: Gold has been trading upside this morning and I found potential for the end of the upside correction and start of the downside continuation. Due to the downside condition in the background and potential extreme upside reading this morning, I see potential for the further drop Downside objectives are set at the price […]
The yellow metal crashed today and now is located at 1,898 at the time of writing. The bias remains bearish as the Dollar Index extended its growth. USD’s further appreciation could force XAU/USD to approach and reach new lows. Gold drops like a rock ahead of the FOMC Meeting Minutes. The US Building Permits came […]
Early in the American session, gold is trading around 1904.40, above the psychological level of $1,900 and below the 21 SMA located at 1,907. Since July 25, gold has been under strong downward pressure. It is expected to continue its decline in the next few days and it could reach the 1,875 zone, a level […]
Gold has fallen in 8 out of the last 11 trading sessions due to an increasing probability of a soft landing for the U.S. economy. A remarkable surge of 0.7% in July retail sales, against a forecast of 0.4% MoM, convinced investors that American consumers are doing fine. Thanks to a strong labor market, they […]
Futures on US stock indexes opened with gains on August 16th, but quickly reversed course and sharply dropped. S&P 500 futures slipped by 0.2%, while the tech-heavy NASDAQ plummeted by 0.3%. Today, the US Federal Reserve will release the minutes of its July policy meeting, which could intensify pressure on the stock market, especially if […]
Technical analysis: Gold has been trading sideways at the price of $1.904. I found rejection of the support zone at the price $1.900, which is sign for the potential upside rotation. Due to the sideways regime and the rejection of the key support cluster at the prie of $1.900 in the background, I see potential […]
Blue lines- Fibonacci retracement levels Black lines- downward sloping wedge pattern Gold price is making new lower lows. Trend remains bearish as price is making lower lows and lower highs. Price has now broken below the 78.6% Fibonacci retracement support level and is heading towards the $1,892 June lows. Price remains inside the downward sloping […]
Early in the American session, Gold (XAU/USD) is trading around 1903.61 below the 21 SMA and below the 2/8 Murray line. According to the H-1 chart, we can see that gold trades within a downtrend channel formed on August 10. In the next few hours, it is expected to continue falling until it reaches the […]
Futures on US stock indices opened with gains but then sharply declined. S&P 500 futures fell by 0.4%, while the tech-heavy NASDAQ plummeted by 0.7%. All of this is happening ahead of significant data on retail sales in the US, coupled with rising concerns that China’s slow recovery and debt issues might spread to the […]
Upon examining a 1-hour chart of the GBP/USD pair, we can see a notable shift. On Tuesday, the pair made a pivotal turn favoring the British pound, retreating to the 76.4% Fibonacci retracement level at 1.2720. Should there be a bounce off this level, we might witness the US dollar regaining ground, leading the pair […]
In continuation of the bearish trend from last week, gold traded downward on Monday, losing 0.30-0.40% in price. It will likely extend its decline today as dollar and Treasury yields rose, with the former gaining 0.35%, raising the index to 103.05. Judging by the latest economic data, the current economic strength and ongoing inflation will […]
With the appearance of the Bearish 123 pattern followed by the penetration of the Bearish Ross Hook (RH) and the movement of gold commodity asset prices below WMA (2) which is in a downward channel and the CCI indicator which managed to break below three important levels (100, 0, -100 ) then in the next […]
Technical analysis: Gold has been trading sideways today at the price of $1.904. I see potential rejection or the breakout of the important support level at $1.900 I found that falling wedge is in creation but there we might have rejection or the further downside breakout. In case of the downside breakout of the support […]
This leap propelled the information technology index up by 1.85%, making it stand out among other sector indices of the S&P 500. Apart from Nvidia, stocks of other tech giants, such as Alphabet and Amazon.com, also demonstrated steady growth, increasing by 1.4% and 1.6% respectively. Jay Hatfield from Infrastructure Capital Advisors notes: “Tech has rarely […]
Early in the American session, gold (XAU/USD) is trading at 1,909.57 below the 21 SMA and inside the downtrend channel formed since July 26. We can see that at the beginning of the American session, gold reached the low of 1,905 and is expected to consolidate around this area because it represents strong weekly support […]
Last week, gold tended to decline. After inflation data was published—these are consumer price indices and producer prices in the U.S., showing that inflationary pressure persists—prices dropped by 1% over the week. Gold prices lack a clear direction, as market participants have differing views regarding interest rates. Some believe the Federal Reserve has ended its […]
EUR/USD Higher Timeframes Last week, bullish traders failed to capitalize on the apparent rebound. As a result, the market closed with a bearish sentiment below the accumulated levels in the region of 1.0986-1.1001. If the bears manage to update the low of the current slowdown (1.0913), their focus will be on testing the weekly medium-term […]
