What is Bitcoin? A risky asset that sensitively reacts to rumors of a pause in the Federal Reserve’s rate hikes and an improvement in global risk appetite? But then, why does BTC/USD remain indifferent to the rally in the Nasdaq Composite? Or is it a safe haven asset that could demonstrate phenomenal results in the […]
Potential continuation on the Gold and GBP/USD The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Market Comment – Yen keeps sinking after Bank of Japan… April 26, 2024 Yen falls to fresh multi-decade lows after BoJ rate decision…Market Comment – Yen tumbles to fresh lows, dollar awaits… April 25, 2024 Yen falls […]
EUR/USD Higher timeframes May closed with a bearish candle for the euro. If the pair manages to eliminate the weekly golden cross, with its final level currently at 1.0692, the decline may resume with renewed strength. In this case, traders’ attention will be directed towards a zone that combines several important target levels: 1.0579 (monthly […]
Let’s take a look at the technical picture of EUR/USD, Gold, SP500 and USD/JPY ahead of NFP-Payrolls data release. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Trading Signals for GOLD (XAU/USD) for April 26-29, 2024:… April 26, 2024 XAU/USD is trading around 2,345 with a bullish but showing…Weekly Forex Outlook: 26/04/2024 […]
Technical analysis: Gold has been trading upside as I expected and I see potential for the further upside continuation towards the upside references. Due to the mid-long term upside trend and the short-term upside momentum, I see potential for the further growth towards the upside reference. Upside objectives are set at the price of $2.047 […]
Black line- support trend line Gold price is trading around $1,957-60. As we explained in our previous posts this is an important junction for Gold. Price so far has been rising since September of 2022 with two major pull backs so far. We are currently in the second pull back and price has found support […]
Upside potential on Gold and GBP The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Market Comment – Yen keeps sinking after Bank of Japan… April 26, 2024 Yen falls to fresh multi-decade lows after BoJ rate decision…Market Comment – Yen tumbles to fresh lows, dollar awaits… April 25, 2024 Yen falls to […]
Technical analysis: Gold has been trading upside yesterday and I found the breakout of the downside channel in the background, which is good sign for the further higher prices. Due to the mid-long term upside trend and breakout of the downside channel in the background, I see potential for the further growth. Upside objectives are […]
Gold price is trading around $1,960. In Ichimoku cloud terms trend remains bearish since May 11th and the close at $2,026. Price remains in a bearish trend making lower lows and lower highs below the Kumo (cloud). Currently price is trading above the kijun-sen (yellow line indicator) that provides support at $1,948. At the same […]
In the upcoming week, the general sideways movement of the euro is expected to continue. At the beginning of the week, temporary pressure may be on the support zone. The most active phase of the upward movement is likely to occur closer to the weekend. Reversal formation and resumption of the bearish trend can be […]
The price of silver edged higher today, reaching 23.492 level. Now, it has retreated a little and is trading at 23.286 at the time of writing. After its strong rally, a retreat was natural. USD’s rally brought sellers on XAG/USD. Fundamentally, the JOLST Job Openings is expected to drop from 9.59M to 9.41M, while Canadian […]
Upside on Gold in the play… The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Market Comment – Yen keeps sinking after Bank of Japan… April 26, 2024 Yen falls to fresh multi-decade lows after BoJ rate decision…Market Comment – Yen tumbles to fresh lows, dollar awaits… April 25, 2024 Yen falls to […]
Technical analysis: Gold has been trading upside as I expected and I found rejection of the key support level at the price of $1.930, which is good sign for the further growth. Due to the strong upside cycle on the mid-long term prospective and rejection of the key support cluster, I see potential for ther […]
As of 10:31 AM ET (1431 GMT), the Dow Jones was down 124 points, or 0.4%, while the S&P 500 was up 0.1% and the NASDAQ Composite was up 0. 5%. Lawmakers are rushing to finalize a debt ceiling deal that includes limits on growth in non-defense spending and the return of unused funds earmarked […]
Early in the American session, gold is trading around 1,957.10 above the 21 SMA and above the 7/8 Murray. In the European session in Europe, XAU/USD reached the low of 1,932.08, a key level that coincided with daily support_3 that offered a strong technical rebound. Optimism is growing among investors after the tentative agreement between […]
Red lines- bearish channel Blue lines- bullish RSI divergence Gold price is trading around $1,957. Price is now challenging the upper channel boundary resistance. The recent low at $1,931 was not followed by a new low in the RSI. The RSI provided a second bullish divergence. If price breaks above the channel resistance then we […]
EUR/USD Higher timeframes The pair has started testing the weekly support at 1.0692. A breakthrough and consolidation below the final level of the weekly golden cross of Ichimoku will allow the cross to be eliminated, opening up new prospects for a decline. The current bearish targets are the monthly support (1.0579), weekly support (1.0515), and […]
Potential for the rise on the Gold… The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Market Comment – Yen keeps sinking after Bank of Japan… April 26, 2024 Yen falls to fresh multi-decade lows after BoJ rate decision…Market Comment – Yen tumbles to fresh lows, dollar awaits… April 25, 2024 Yen falls […]
Technical analysis: Gold has been trading downside this morning but I found potential fake breakout of the support zone at the price of $1.940, which is good sign for the further rally. Due to the potential fake breakout of the support and the mid and long term trend upside, I see potential for the further […]
Crypto Industry News: Peter Schiff, a well-known economist and investor, has supported blockchain and NFT technology. Given his previous positions on digital assets, Schiff unexpectedly expressed his enthusiasm on Twitter for a new art project. Schiff expressed his excitement about collaborating with Market Price on a joint work that would combine conventional elements of art […]
On the weekly chart of Silver commodity assets, an Ascending Broadening Wedge pattern can be seen, followed by deviations between price movements and the osMA indicator, then, it can be concluded that in the near future Silver will fall down to the 19,850 level as its main target and the 17,515 level as the second […]
The main news of the weekend was the agreement on the US debt limit, which may serve as a basis for increased risk demand at the beginning of the week. The House of Representatives is expected to vote on Wednesday. It was reported that the debt ceiling will be approved until the 2024 presidential elections. […]
The Bitcoin rate has stalled around a fairly strong resistance level, as has Ethereum. But before discussing the technical picture, I would like to say a few words about how renowned writer and author of the book “Rich Dad Poor Dad,” Robert Kiyosaki, views the U.S. debt crisis and the prolonged debt ceiling negotiations. “Politicians […]
The price of gold changed little in the short term. It’s located at 1,946 at the time of writing. Technically, the bias remains bearish in the short term. The yellow metal could extend its downside movement anytime. XAU/USD moved only a little today as the US, UK, and German banks are closed. On Friday, the […]
Gold price is trading around $1,945. In the Daily chart trend according to the Ichimoku cloud indicator is neutral as price is trading inside the Kumo (cloud). The Chikou span (black line indicator) is below the candlestick pattern (bearish). Price is below both the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). This […]
EUR/USD Higher timeframes Last week, there was a development of a bearish trend during the day. Consolidation below the Ichimoku cloud led to the formation of a daily downside target (1.0557 – 1.0497). Additionally, a downward correction on the weekly timeframe was observed. As a result, bears aimed to test the strength of the supports […]
Crypto Industry News: Gold will “fail” when people realize that Bitcoin offers better properties than the yellow metal, according to billionaire Michael Saylor, executive chairman and co-founder of MicroStrategy, a publicly traded company that owns 140,000 Bitcoins. “Bitcoin is the digital, synthetic successor to gold,” said Saylor Michelle Makori of Kitco News at the Bitcoin […]
Technical analysis: Gold has been trading in the sideways range at the price of $1.946 but I found rejection of the well defined support cluster at $1.936, which is good sign for the further upside movement. Due to the rejection of the support cluster and the strong bull trend on the mid and long term […]
With the price movement in the channel that dips upwards and the two Moving Averages which are still in Golden Cross condition on the daily chart, we can see that Buyers are still dominating the S&P 500 index so that in the next few days #SPX has the potential to appreciate an upward rally up […]
Early in the European session, Gold (XAU/USD) is trading around 1,944.26 below the 21 SMA and within a symmetrical triangle formed since May 16. From a high of 2,062.90, gold has been under selling pressure for 16 days straight. Last week, the price reached a low of 1,936.80. The 7/8 Murray support located at 1,937.50 […]
