Crazy gold! The market has regained all of yesterday’s losses in today’s rally. This market is always full of surprises! Now it's clear that the resistance at 2600 is very strong. Since it couldn't break through, it's time to switch back to short positions. What rose from here is likely to fall back down to the same level. Sell, with a target profit (TP) at 2572.
The AUDUSD pair is once again approaching the 14-month Resistance Zone, following a convincing rebound on the 1D MA200 (orange trend-line). This Higher Lows rebound resembles the July 06 2023 bounce that priced a Double Top at the top of the Resistance Zone, before collapsing rapidly to new Lows. Ahead of today's Fed Rate Decision, we will welcome any short-term...
ENAUSDt technical analysis update ENA is breaking the resistance trendline after 20 days of consolidation on the 4H chart. We can expect a strong bullish move from the current level, as the price is trading above the 100 EMA. Regards Hexa
The U.S. economy has faced a number of factors in recent years that may increase the likelihood of a recession. My expectations regarding the recession were not about whether it would happen or not. The fact that a recession would occur was already confirmed in 2023, and the question was only when it would start and how soon it would happen. During the current...
The Cable (GBP/USD) has reacted off the pivot which has been identified as a pullback resistance and could drop to the 61.8% Fibonacci support. Pivot: 1.3235 1st Support: 1.3112 1st Resistance: 1.3302 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and...
WTI oil (XTI/USD) is rising towards the pivot and could reverse to thee 61.8% Fibonacci support. Pivot: 72.56 1st Support: 68.16 1st Resistance: 75.18 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so...
EURUSD / 4H TIME FRAME HELLO TRADERS Month-by-Month Price Movements: June : Prices increased by 2.48%, indicating a bullish trend during this period. July: A reversal occurred with prices decreasing by 1.48%, showing market correction or loss of momentum. August: Prices surged again by 3.88%, suggesting renewed market strength or positive market...
as we can see BTC is just ready to take off for new highs, there is a very secure opportunity for making good profit with very nominal risk
The current weekly line of gold looks full, indicating that this week there is a continuation of strength to see, above the reference pressure in 2592, 2600, but the actual effect to be confirmed. The circumferential support is near convert 2532, but the distance is not realistic. At the beginning of the week or first look at the rise, the daily line support near...
At present, the rebound of gold is a little bit strong, but gold is still in the process of rebounding, which does not mean that the market will continue to be strong. Don't chase gold at high levels easily. In the 4-hour level, the short-term moving average maintains a relatively good oscillating downward trend. The K-line is currently under pressure from the...
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Hi Guys. The US 30, Dow Jones is fast approaching an area that may see some strong selling pressure. Ive written previous posts regarding The Fib 1.618 retrace of Dows bear market high to low is the zone I have drawn on the chart. Both Dow's counterparts, SP 500 and NAS100 corrected at their respective 1.618 retracements of the bear market. The Dow has been...
In the daily time frame, the price recently hit the ceiling of the ascending channel and at the same time we see a negative divergence in the RSI indicator. It is expected to see the price fall or correct to lower ranges.
Gold operation strategy Strategy one: Gold rebound around 2588-2590 batch short (buy down) two tenths of the position, stop loss of 6 points, target around 2570-2560, break to see 2550 line;) Strategy two: Gold pullback near 2550-2552 batch long (buy up) two-tenth position, stop loss of 6 points, target near 2570-2580, break to see 2600 line; Technical analysis...
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A great opportunity to sell gold. I think this is the best way to do it
. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade