Technical analysis on Silver for May 2nd, 2023.

Blue rectangle- support area Violet lines- Fibonacci retracement levels Silver price is trading just above the key short-term support of $24.50. This is the 4th time price is testing this support level. Silver bulls made an attempt yesterday to push price to new higher highs above $26 but they failed and price got rejected. Price […]

Stock Trkr
Video market update for May 02, 2023

Higher prices on Gold in play… The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical analysis on Silver for May 2nd, 2023. May 2, 2023 Blue rectangle- support areaViolet lines- Fibonacci retracement levelsSilver price is…Technical analysis on Gold for May 2nd, 2023. May 2, 2023 Black lines- triangle patternGold price is trading […]

Stock Trkr
Technical analysis on Gold for May 2nd, 2023.

Black lines- triangle pattern Gold price is trading around $1,985. Price continues to trade inside the triangle pattern we mentioned in our last analysis. Price touched the lower triangle boundary earlier today at $1,977 but bulls continue to respect it. Price has not broken below support. Support remains intact. Support remains key around $1,977. Since […]

Stock Trkr
XAU/USD Outlook for May 2, 2023

XAU/USD is trapped in a range between the 1973.00 support level (200 EMA on the 4-hour chart) and resistance at 2010.00. A break in either direction, we assumed, would be the start of a new movement. However, as we have already noted, fluctuations and flat movement may continue since the results of the FOMC and […]

Stock Trkr
AUD, XAU, USD, EUR: Key Events of the Week

The Australian dollar staged a real rally today following the Reserve Bank of Australia’s decision to raise the key interest rate by 0.25% (to 3.85% from 3.60% previously). Recall that in the previous two meetings, the RBA leaders did not make changes to the parameters of the current monetary policy, assuming a further decrease in […]

Stock Trkr
Turkey sells off its gold reserves

According to Bloomberg, following the February restriction on precious metal imports to Turkey, the country’s central bank is selling off its gold reserves to satisfy domestic demand. Last year, when inflation in Turkey exceeded 85%, and fears of local currency devaluation emerged among the population, demand for gold in the country increased significantly. Citizens began […]

Stock Trkr
USD/JPY has more upside potential

The current situation in the Forex market evokes a strong sense of deja vu. As in the previous year, the yen is once again the weakest player among all major currencies. After a strong Friday sell-off, JPY continued its broad decline yesterday, showing the worst dynamics against the US dollar. Yen under dovish pressure Bulls […]

Stock Trkr
Analysis of Gold for May 02, 2023 – Potential for the further rally

Technical analysis: Gold has been trading downside into the US session but I found the key support at the price of $1.974 still held well, which is good sign for the further rally. Due to rejection of the key rising support and the upside cycle on longer time-frames, I see potential for the further rise. […]

Stock Trkr
US stock market closes with a decline, Dow Jones down by 0.14%

At the close of trading on the New York Stock Exchange, the Dow Jones fell by 0.14%, the S&P 500 index dropped by 0.04%, and the NASDAQ Composite index decreased by 0.11%. The Federal Reserve meeting is scheduled for May 2-3. According to CME Group data, 88.9% of surveyed analysts expect another interest rate hike […]

Stock Trkr
Gold market expects a rate hike

In the latest gold review, most analysts stated that gold prices would continue to decline this week as the Federal Reserve prepares to raise interest rates by another 25 basis points, confirming its hawkish stance due to ongoing inflation growth and the threat that inflation may become entrenched in the economy overall. The Federal Reserve […]

Stock Trkr
Triangle pattern in play for Gold chart for May 1st, 2023.

Black lines- triangle pattern Gold price is under pressure again. Price is trading around $1,982. Price has made no real progress over the last two weeks as it has formed a triangle pattern with lower highs and higher lows. Short-term trend is unclear as long as price remains trapped inside the triangle. Earlier today Gold […]

Stock Trkr
Tips for trading gold

Good day, traders! Gold quotes declined last week, and on Friday saw a breakdown of the bullish structure. A lot of buyer liquidity is also left, which is a good area where traders can enter the market. It is likely that gold will hit these prices in the near future. This means that traders should […]

Stock Trkr
Descending triangle pattern in Gold.

Blue lines- bullish channel Black lines- descending triangle pattern Gold price is trading around $1,980. Price has formed a descending triangle pattern. Price is making lower highs while price continues to respect the recent low of $1,968, Price is mostly moving sideways over the last few days as it remains inside the medium-term upward sloping […]

Stock Trkr
Video market update for April 28, 2023

Potential for the upside continuation on the Gold… The material has been provided by InstaForex Company – www.instaforex.com Related Posts:GBP/USD Outlook for April 28, 2023 April 28, 2023 GBP/USD is developing an upward correction, moving towards key resistance…Ichimoku cloud indicator analysis on EURUSD for April 28th,… April 28, 2023 EURUSD is trading around 1.0990. Short-term […]

Stock Trkr
Four Reasons to Buy Bitcoin

As soon as Bitcoin started to spread its wings a bit, predictions of its bright future with an astonishing price began to appear. Standard Chartered believes that the crypto winter is over, and by the end of 2024, BTCUSD quotes will reach a new record high of 100,000. The main reasons cited are turmoil in […]

Stock Trkr
Bitcoin ends trading week near $30k: what to expect for the weekend?

The ending week has been extremely volatile for Bitcoin due to a series of important events. In total, over 80,000 traders’ positions were liquidated during the week, amounting to more than $400 million. Despite the excessive price movement variability, the asset managed to maintain its bullish structure. The local corrective movement of BTC ended near […]

Stock Trkr
Analysis of Gold for April 28, 2023 – Potential for higher prices

Technical analysis: Gold has been trading downside yesterday but I found strong rejection of the key support at the price of $1.973. I see potential for the further upside movement. Due to the rejection of the key support in the background and the strong upside cycle on higher time-frames, I see potential for the further […]

Stock Trkr
Technical Analysis of BTC/USD for April 28, 2023

Crypto Industry News: A new report by the Congressional Research Service (CRS) has found that crypto losses did not cause the collapse of Silicon Valley Bank and Signature Bank, or even Silvergate. It was the fear of exposure to cryptocurrencies that was the driving force behind the bank run. CRS, a non-partisan agency that acts […]

Stock Trkr
The US stock market closed with growth, Dow Jones added 1.57%

At the time of closing at the New York Stock Exchange, the Dow Jones rose by 1.57%, the S&P 500 index increased by 1.96%, and the NASDAQ Composite index went up by 2.43%. Investors also paid attention to statistics. According to the first estimate, the US GDP in the first quarter grew by 1.1% on […]

Stock Trkr
Silver challenges $24.50 support for the third time.

Blue rectangle- key short-term support Violet lines- Fibonacci retracement levels Silver is trading around $24.60. Price is forming lower highs and has challenged for the third time the key horizontal support of $24.50. Price action has shown how important the support level of $24.50 is. The horizontal support has been tested so far three times […]

Stock Trkr
Gold price gets rejected at cloud resistance.

Gold price is trading around $1,980. According to the Ichimoku cloud indicator trend remains bearish as price is still below the Kumo (cloud). Price got rejected at the cloud resistance of $1,997 and this is a bearish sign. Price is trading below both the tenkan-sen and kijun-sen indicators. The Chikou span (black line indicator) is […]

Stock Trkr
US premarket trade on April 27, 2023. Stock market slightly up ahead of US GDP report

US stock index futures grew ahead of the important report on the US GDP growth for the first quarter of this year. Traders also took advantage of good earnings reports posted by US corporations. Futures contracts on the S&P 500 increased after a two-day decline in the base index, while futures contracts on the high-tech […]

Stock Trkr
Video market update for April 27, 2023

Upside in the play on the Gold …. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:USD/JPY Outlook for April 27, 2023 April 27, 2023 Investors are mostly in no hurry to make new major…Analysis and trading tips for GBP/USD on April 27 (US… April 27, 2023 Pound performed quite well this […]

Stock Trkr
BITCOIN: Technical analysis of the situation

Bitcoin Not long ago, Bitcoin managed to recover to 30,000, seizing the support of the monthly short-term trend and forming the appearance of upward prerequisites on the weekly timeframe in the form of a golden cross. The monthly Ichimoku cloud is currently located around 30,000, and as a result of testing which, a slowdown and […]

Stock Trkr
Bitcoin recovered above $29k as U.S. debt limit rises

Over the past two days, Bitcoin has managed to break the corrective movement near the $27k level. The first factor that contributed to strengthening the bulls’ positions was the collapse of the American bank FRC’s shares. This once again confirmed the vulnerability of the banking system, and BTC received an upward impulse. The second factor […]

Stock Trkr
Forex forecast 04/27/2023 EUR/USD, USD/CHF, Gold and Bitcoin from Sebastian Seliga

Let’s take a look at the technical picture of EUR/USD, USD/CHF, Gold and Bitcoin. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:EUR/USD and GBP/USD trading plan for beginners on April 27,… April 27, 2023 Details of the economic calendar on April 26 The volume…BTC update for April 27,.2023 – Potential for […]

Stock Trkr