XAUUSD SELL SETUP opportunity strong fallThe Momentum Trap: Gold's relentless rise could be fueled by a self-fulfilling speculative frenzy. This trend
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Usdjpy Down range go with trendUSDJPY 1 day chart
For the yen, the move is particularly notable as it pushes into technical blue skies
Eyes are on Japan for signs of intervention but given that the recent move has largely been on broad USD buying following fundamentally stronger CPI numbers, it's a tough one to lean against. There have been signs of a managed decline but no real intervention. However there is a limit and we could see them draw a line at 155.01
Xauusd buy again bullish one more big bullish continue buyGold line of defense against further advances. With markets stretched and in overbought territory gold may struggle to clear this barrier but in the event of a breakout we could see a move towards $2,500
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Eurusd will more shine read the caption EUR/USD’s fall from 1.1138 resumed by break through 1.0684 last week. Initial bias stays on the downside this week for 100% projection of 1.1134 to 1.0693 from 1.0980 at 1.0535 next. Firm break there will target 1.0446 support next. On the upside, above 1.0697 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline.
The best buy zone of gbpusd read the caption In the bigger picture, price actions from 1.3141 medium term top are seen as a corrective pattern to up trend from 1.0351 (2022 low). Fall from 1.2882 is seen as the third leg. Deeper decline would be seen to 1.2034 support and possibly below. But strong support should emerge from 61.8% retracement of 1.0361 to 1.2453 at 1.1411 to complete the correction
Gold open with gap war running read the caption advanced this week, but ended the five-day period off its best levels established briefly on Friday during the New York session, when it touched $2,430, a fresh record. Considering recent performance, the precious metal has increased in seven of the last eight weeks, rallying more than 16% since mid-February and shrugging off extremely overbought conditions
Gold bullish more and more others country in whole in warGold has been hitting all-time highs almost daily for the past two weeks, reaching $2364 in the spot market on Tuesday before the start of US trading. The ability to rise above $2071 per ounce, which gold found in late February, has signalled a break of resistance that has kept gold above since August 2021
Gold is now rising more actively than it did in the previous long-term bull cycle. In 2011, years of gains were followed by a two-year consolidation
Xauusd buy the gold is continue flying XAUUSD BUY opportunity strong bullish There are several other reasons that could explain why gold has done so well this year Here are some possible explanations for its ascent
Xauusd continue flying buying planes of buy bullish Xauusd Higher bond yields weigh on Gold as they increase the opportunity cost of investing in it However Gold has performed strongly in the past few weeks despite rising bond yields amid geopolitical tensions in the Middle East region As a safe-haven asset Gold demand from investors and central banks increases at times of global economic uncertainty and worsening geopolitical tensions
Crude oil will hit hard on bottom war effect read the caption The drop earlier today came despite continuous geopolitical tensions and the potential for an Israeli
response to the Iranian attack this weekend.
There were reports from WSJ and Axios indicated that Israel may consider an attack that showcased the depth of their offensive capabilities. Over the weekend defensive capabilities were showcased
XAUUSD break range above the high level read the caption The fact we saw an intraday break above $2400 quickly reverse suggests traders are keen to book profits, which in turn suggests we may be about to experience some sort of shakeout at these highs.”
Gold price (XAU/USD) oscillates in a narrow trading band heading into the European session on Tuesday and remains well within the striking distance of the all-time peak touched last week. The US Dollar (USD) climbs to its highest level since early November inflation. The hawkish outlook remains supportive of elevated US Treasury bond yields and keeps a lid on any meaningful appreciating move for the non-yielding yellow metal.
Usdchf interday range dipping zone read the caption In the bigger picture, price actions from 0.8342 medium term bottom as tentatively seen as developing into a corrective pattern to the down trend from 1.0145 (2022 high). Further rise would be seen as long as 0.8727 support holds. But upside should be limited by 0.9242 resistance, at least on first attempt. However, decisive break of 0.9233 will argue that the trend has already reversed and turn medium term outlook bullish.
Audusd buy setup and buy idea read the caption High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose
GBPJPY is following this sweet setup sell and buy see this GBPJPY level for confluence The sellers on the other hand will want to see the price breaking lower to position for a drop into the lower bound of the channel eventually targeting a break below it
Btcusd looking at this very first fall BTCUSD On the other hand if the bulls are able to flip the previous high into support like they did with the support previously as highlighted in purple, then that would be a promising move Investors should watch for a decisive flip of the blockade into support A bounce atop this base would inspire more buy orders sending BTC price to the local top at least one
Gbpusd buy slowly GBPUSD seen as the third leg Deeper decline would be seen to support and possibly bullish But strong support should emerge fromretracement of complete the correctional
EURUSD sell opportunity for more big fall EURUSD The latest inflation report for March spooked everyone showing consumer prices soaring by 3.5%, way above expectations What does high inflation mean It means the Fed's gonna keep interest rates high for longer to fight it As soon as that data hit you could practically hear the market's collective gulp with the EURUSD
GBPJPY just see this setup and make sure On the 1 hour chart, we can see more closely the recent price action with the pair bouncing on the most recent swing high level at If we get a pullback from the current high that’s where the buyers should pile in with a defined risk below the level to position for a rally into new highsThe sellers, on the other hand, will want to see the price breaking lower to position for a drop into the trendline around the level
BTCUSD buy opportunity strong bullish big buy any time BTCUSD strong bullish and high risk trade in Remember trading is inherently risky and it's crucial to engage with the market based on thorough analysis and personal risk appetite
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Gbpusd sell opportunity continue bearish OB appointment with Gbpusd sell it The rising yield has the US dollar moving to the upside The US dollar is now trading to new at session highs
Gold Continue long_term XAUUSD buying strategy Gold Geopolitical frictions in the Middle East have further bolstered gold although these risks have intensified only recently and haven't been a predominant theme for an extended period To add context investors have been nervous about Iran's potential retaliation against Israel following the bombing of its embassy in Syria Such action could escalate tensions in the region
XAUUSD BUY opportunity again long term bullish all time high nedXAUUSD period off its best levels established briefly on Friday during the New York session when it toucheda fresh record Considering recent performance the precious metal has increased in seven of the last Eight
BTC during war up war finish BTC down read the caption Bitcoin bids have accelerated in the past hour as it nearly erases the week-end drop that was prompted by Iran's strikes on Israel.
The catalyst for the latest leg of buying is the Hong Kong approval of spot BTC and ETH applications for ETFs. It's not yet clear when they will launch but there are a handful of applications.
Bitcoin remains about 1.2% below pre-attack levels but ethereum is now higher. Both moves were rumored last week so they're not entirely surprising but for ETH it's particularly bullish given that a US ETF approval is now looking unlikely
