EUR/USD Brief Analysis: On the euro main pair chart, a descending wave has been developing within the dominant upward trend of the past two months. The wave movement level indicates the formation of a full-fledged correction. The price is approaching the upper boundary of a strong potential reversal zone for the weekly timeframe. Forecast for […]
Technical analysis: Gold has been trading in the sideways range at the price of $1.913 but I found rejection of the support at $1.905 in the background, which is very good sign for the potential rally. Due to the massive selling climax in the background and the breakout of the downside channel, I see potential […]
In a few days, looks like Gold commodity asset will be appreciate upward along with the ongoing Mercury Retrograde phenomenon coupled with confirmation of price movements above the WMA (20) and deviations between price movements and the CCI Histogram indicator, then in the next few days Gold has the potential to test the 1946.33 level. […]
In a Friday surge, oil prices gained momentum, fueled by market expectations of a forthcoming decrease in crude stockpiles. At the time of writing, October futures for Brent crude oil surged by 1.01%, soaring to $84.23 per barrel. Simultaneously, October WTI futures experienced a 0.81% leap, reaching $79.69. Earlier in the day, the ascent of […]
Gold price is trading around $1,910. In Ichimoku cloud terms in the 4 hour chart trend has changed to bullish as price has broken above the 4 hour Kumo (cloud) resistance. Today we see price turning lower and challenging the cloud from above. Price has broken below the tenkan-sen (red line indicator). As long as […]
As the Federal Reserve continues its aggressive monetary policy, the gold market continues to face challenges. However, according to a statement by the research firm Fitch Ratings, it’s only a matter of time before the U.S. central bank becomes the buyer of last resort for Treasury bonds, triggering a long-term rally for the precious metal. […]
EUR/USD Higher Timeframes The daily rebound from the encountered supports didn’t gain confirmation or further development. As a result, the pair returned to the final level of the weekly golden cross (1.0805). Today, as we close the week, the outcome is crucial. The weekly cross is currently reinforced by monthly supports at 1.0835 (Tenkan) – […]
Technical analysis: Gold has been trading downside in the background but I found rejection fo the support this morning, which is strong sign for the further rally. Due to the test-reject of the support and the oversold condition, I see potential for the further rally towards upside reference. Upside objective is set at the price […]
Index snapshot: Dow dropped by 1.1%, S&P 500 lost 1.4%, Nasdaq proved to be the most vulnerable, falling by 1.9%. Against this backdrop, Nvidia stood out among its tech sector peers, showing growth after hitting record highs earlier in the day. The company also pleased investors with an announcement of plans to buy back stocks […]
After the best rally of American stock indices since June, there’s a sense that even one soldier can make a difference in the battlefield. Nvidia, the stock market’s headline-maker, posted second-quarter revenues of $13.5 billion and an expected third-quarter revenue of $16 billion, both surpassing Wall Street expert forecasts, as did earnings per share. As […]
The price of gold is trading in the green at 1,919 at the time of writing and it seems determined to resume its growth. The bias is bullish in the short term despite temporary retreats. After yesterday’s rally, the rate could retreat a little trying to accumulate more bullish energy before jumping higher. Fundamentally, the […]
Gold price is trading around $1,915-20 bouncing off the recent lows of $1,884. In Ichimoku cloud terms, trend remains bearish as price is still below the Daily Kumo (cloud). As we explained in a previous analysis, Gold price breaking above the tenkan-sen (red line indicator) provides a bullish signal suggesting that price should continue higher […]
Technical analysis: Gold has been trading upside this morning but I found test and reject of the important resistance at $1.923, which is good sign for the downside rotation. Due to the market extended condition in last 2 days and test-reject of the important resistance cluster, I see potential for the further downside movement towards […]
Early in the American session, gold (XAU/USD) is trading around 1,907.15, above the 21 SMA, above the 200 EMA located at 1,902, and above the psychological level of 1,900. According to the H1 chart, we can see that gold sharply broke the downtrend channel formed since the beginning of August and now we see a […]
In this 4-hour timeframe, Bitcoin exited its second lateral channel and then plummeted like a rock. Thus, traders had ample time to open short positions. The price has yet to reach the $25,211 mark by a mere $200, but we believe this level will be reached without issues. This level should be considered alongside the […]
Recall that we’ve been saying that we were expecting further correction from the world’s leading cryptocurrency. As we can see, the wait lasted for several months, but the decline eventually happened. Several days have passed since the drop, and as we observe, there’s been no rebound upwards. Moreover, the cryptocurrency slowly continues its descent, indicating […]
Gold price is trading just above $1,900, in a positive near term momentum for a third straight day. In Ichimoku cloud terms in the Daily chart, trend remains bearish as price remains below the Daily Kumo (cloud). In the daily chart price is now challenging the tenkan-sen (red line indicator) resistance. If price breaks above […]
A powerful headwind has significantly battered gold, but hasn’t knocked it off its feet. When the yield of 10-year Treasury bonds hits its highest level since 2007, the U.S. dollar strengthens, and the odds of a federal fund rate hike to 5.75% increase, precious metals should flee the battlefield. However, its decline seems more like […]
Technical analysis: Gold has been trading upside this morning and I see test of the important resistance level at $1.904. In case of the breakout of the resistance to the upside and hold above, there is the chance for higher price and test of $1.910-$1.920 In case of the rejection of the resistance, I see […]
If we look at the daily chart of the gold commodity asset, it seems that there has been a deviation between its price movement and the CCI Histogram indicator and is supported by today’s entry of the Mercury Retrograde phenomenon which usually provides Time Support so that it gives potential for Gold to appreciate upwards […]
In the 4-hour timeframe, Bitcoin left the second lateral channel and then plummeted downward like a stone. As a result, traders had enough time to open short positions. The price is only a few hundred dollars short of reaching the $25,211 level, but we believe this level will be reached without any problems. This level […]
Bitcoin last week finally showed the movement we had been waiting for. We have repeatedly mentioned in the last few weeks that we expect a further correction of the world’s first cryptocurrency. As we can see, we had to wait a few months, but eventually, the decline happened. It is worth noting that we are […]
Gold price is trading around $1,900. Price is bouncing higher towards the cloud resistance at $1.910. Short-term trend according to the Ichimoku cloud indicator is bearish, as price remains below the Kumo (cloud). The kijun-sen (yellow line indicator) provides support at $1,895 and the tenkan-sen (red line indicator) at $1,893. A 4 hour close below […]
Technical analysis: Gold has been trading upside this morning but I found rejection of the key resistance at the price of $1.900, which is good sign for the potential downside rotation. Due to the rejection of the key resistance zone in the background and the overbought condition on the oscillator, I see potential for the […]
GS is considering a move to sell a business segment for affluent clients. Palo Alto Networks is on the rise amid positive expectations. Indices: Dow dipped by 0.1%, S&P 500 rose by 0.7%, and Nasdaq soared by 1.6%. The week started strong for Nasdaq and S&P 500. Nvidia shares provided a significant boost, attracting optimistic […]
The net short position in USD grew by $490 million to -$16.272 billion over the reporting week after a strong correction a week earlier. The decline is largely related to buying euros, and in terms of other major currencies, the notable trend is selling across all significant commodity currencies (Canadian, Australian, New Zealand dollars, and […]
Weekly review : The British pound rose above 1.2843 for the first time in a year in Wednesday’s Asian session, powering on to fifteen-month highs before returning some ground, as investors remain convinced that the Bank of England has perhaps more work to do than any major central bank if it’s going to contain inflation. […]
Power lies in truth. And the truth is that the stronger the U.S. economy appears, the worse for the dollar in the medium term. Americans will absorb European and Chinese exports and help the world economy get back on its feet. This is excellent news for pro-cyclical currencies, including the euro. EUR/USD will rise. It […]
Early in the American session, gold is trading around 1,889 below the 21 SMA located at 1,892 and continues to move within the downtrend channel formed since July 31. Gold is trading around 1,885, the level which was hit in March 2023. Gold left a GAP in February 2023 at 1,867. If the bearish force […]
Gold price remains in a bearish trend according to the Ichimoku cloud indicator. Price is still below the Kumo (cloud) but is trying to break above the kijun-sen (yellow line indicator). The kijun-sen provides key short-term resistance at $1,897. The Chikou span (black line indicator) is below the candlestick pattern (bearish). Price is currently above […]
