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Market Analysis: Gold Correction Signals Amid Political CalmGold has experienced a significant drop, pushing prices below the $2,340 threshold in Monday's US trading session. The easing of political tensions has provided clear indications that gold is gearing up for a profound adjustment. Additionally, expectations that the Federal Reserve will postpone interest rate cuts amidst stable inflationary conditions have further bolstered the strength of the US dollar, driving capital away from safe-haven assets like precious metals. From a technical standpoint, the short-term outlook for gold suggests a reversal adjustment as it heads towards the 20-day simple moving average (SMA) before continuing its downward trajectory.
OANDA:XAUUSD
by Stephen_Anders
1
BTC/USDT 4HInterval Chart ReviewHello everyone, let's look at the 4H BTC to USDT chart as we can see that the price is moving below the local downtrend line. Let's start by setting goals for the near future that we can include: T1 = $66258 T2 = $67,856 T3 = $70048 AND T4 = $72912 Now let's move on to the stop loss in case of further market declines: SL1 = $63,919 SL2 = $62,263 SL3 = $61,112 AND SL4 = $59,590 Looking at the RSI indicator, we can see an exit from the downward trend line, with room for further upward movement, while the STOCH indicator is moving at the upper limit, which may affect the current growth halt and also provide a rebound.
by cryptodailyuk
1
EUR/USD Continue to Face Downward Pressure EUR/USD continues to face downward pressure as it drops below the 1.0650 level during the European trading session on Monday. The renewed strength of the US Dollar does not allow this currency pair to gain traction, especially as focus shifts to the speech by ECB President Lagarde. Chart analysis indicates that EUR/USD is continuing to approach support levels and forming a double-top pattern. It is expected that in the short term, the price will approach the support zone at 1.0600, which investors need to pay attention to when making trading decisions.
by Stephen_Anders
2
Analyzing Gold Price: Gold's Decline Amid Rising US Bond YieldsIn the European trading session, gold continued to decline to near 2,350 USD after retreating during the Asian session on Monday. This persistent decline is attributed to the increase in US Treasury bond yields. Additionally, the political situation in the Middle East has eased, reducing concerns and the search for safe-haven assets like gold. Looking at the chart, we can see that the price has broken through the trend line and formed a double top pattern. In the near future, gold prices may continue to undergo further corrections and trend towards a downward direction, especially as technical indicators indicate market weakness.
OANDA:XAUUSD
by Daisy_Anna
ATOM - Trading The Range 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📦 ATOM has been hovering within a big range between $5-$6.5 support zone and $15-$16.5 resistance zone. 📉 Currently, ATOM is in a correction phase and approaching the lower bound of the range. 📚 As per my trading style: As #ATOM approaches the lower bound of the range, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
1
ETC/USDT 4HInterval ChartHello everyone, let's look at the 4H ETC to USDT chart as we can see the price is bouncing from the lower boundary of the downtrend channel. Let's start by setting goals for the near future that we can include: T1 = $28.51 T2 = $29.92 T3 = $31.92 T4 = $35.08 AND T5= $37.63 Now let's move on to the stop-loss in case of further market declines: SL1 = $22.82 SL2 = $20.04 AND SL3 = $18 Looking at the RSI indicator, there is still room for a continuation of the upward movement, while on the STOCH indicator we have exceeded the upper limit, which may result in a deceleration of the current movement.
by cryptodailyuk
BTC rebounded in the support zoneHello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As we can see, the price remains in the newly created channel, in which we can see how the lower border of the channel coincided with a strong support zone from $62,581 to $59,738, thanks to which the price stayed and did not return to the area of $51,600. Currently, we can see a break above the first resistance line at the level of $64,290, at which we are fighting to maintain, but further significant resistance may appear at the price of $67,259, and then a resistance zone from $71,753 to $73,812 is visible only when the price breaks through above. this zone will be able to move towards $80,000. However, if we pay attention to the RSI and STOCH indicators, we will see that the RSI indicator still has room for the price to continue its upward movement, but the STOCH indicator is entering the upper limit of the range, which may affect the upcoming slowdown of the upward movement, or even give another attempt to recover.
by cryptodailyuk
Technical Analysis: Market Volatilitys and GBP/USD DowntrendThe British Pound is declining against the US Dollar following a day of volatile trading due to escalating Israel-Iran conflict. Leading figures from central banks, including the Bank of England (BoE) and the Federal Reserve, continue to make waves in the financial markets. Overall, the GBP/USD currency pair remains within a downtrend channel. This is evidenced by the price dropping below the key threshold at 1.2400. Based on technical analysis, examining the chart reveals that the price has broken through the trendline and consistently formed new low points, clear indicators of a strong downward trend.
by Daisy_Anna
Technical Analysis: EUR/USD Rebounds Amid Middle East The EUR/USD pair has witnessed a notable recovery above the 1.0650 level. Reports of escalating tensions in the Middle East conflict have prompted investors to shift their focus towards the US dollar (USD) as a safe haven, leading to a decline in the EUR/USD pair. From a technical standpoint, although the price is still maintaining a downward trend, signs of a recovery have emerged. It is anticipated that the price will test the SMA 50 area before resuming its downward trend.
by Daisy_Anna
Gold Market Analysis: Short-Term Targets and Long-Term OutlookIn the US trading session on Friday, the price of gold (XAU/USD) faced pressure as it sought to reclaim near-record highs around 2,430 USD. Despite a slight decrease, the price of gold remained within its upward trend, supported by safe-haven inflows amid escalating tensions in the Middle East. Looking at the chart, we can see that the price of gold is experiencing a slight decline while attempting to maintain above the crucial resistance level of 2,400 USD. However, the upward trend remains intact and is expected to continue into the following week. The short-term target is the 2,400 USD mark, with potential further advancement towards the psychological level of 2,431 USD.
OANDA:XAUUSD
by Stephen_Anders
Geopolitical Unrest Drives Gold Beyond $2,400The political tension between Israel and Iran continues to escalate, propelling Gold prices to regain momentum and surpass the $2,400 mark in Friday's Asian trading session. If this tension continues to escalate, forecasts suggest that Gold prices could experience even stronger growth, potentially reaching the $2,500 threshold. Looking at the chart, we can observe that prices have crossed above the Simple Moving Average (SMA) lines and are advancing further upwards, indicating a very strong upward trend.
OANDA:XAUUSD
by Stephen_Anders
5