BearKingdomTrading

BearKingdomTrading

👑 Ideas For XAUUSD / GOLD 📈 GOLD Correction after the rally: Bears still dominate 📈 GOLD → From rally to consolidation. Rest before NFP... Analysis: Gold (XAUUSD) has strengthened following comments from Federal Reserve Chairman Jerome Powell. His light positive notes led to a sell-off in the U.S. Dollar Index (DXY), causing a small rally in gold prices to...

BearKingdomTrading Updated 

🕓 Time Frame: 4-hour Chart/Close 🔽 Status: Bearish 📆 4/7/24 Analysis: #gold chart on the 4-hour timeframe, we can see that the price started to rise after we were neutral on the commodity, after reaching $2365, gold experienced a correction and, with a 100-pip drop, is now trading around $2355-$2358. Key Observations: Current Price: Trading around $2355...

BearKingdomTrading

Gold Analysis and Upcoming Events Analysing the gold chart on the 4-hour timeframe, we observe that the price is still grappling with the support zone between $2318 and $2325. Today, a significant event is expected: a speech from US Fed Chair Jerome Powell, which could lead to notable market fluctuations. Markets are eagerly awaiting signs of whether the US...

BearKingdomTrading

🕓 Time Frame: Weekly (Logarithmic) 🔼 Status: Bullish 📆 03/07/24 Analysis : The Bitcoin chart on the weekly (logarithmic) timeframe, as expected, the price corrected to $58,400 and encountered significant buying pressure. Currently, Bitcoin is trading around $61,000, having increased by 9%. If the price can stabilize and close above $63,300 this week, we can...