KeN-WeNzEl

KeN-WeNzEl

Technical Analysis: 1. Daily Chart: Strong bullish momentum with price breaking above previous resistance, supported by a high RSI (78.15), indicating overbought conditions but with continued buying pressure. MACD is bullish, with increasing histogram bars showing strong upward momentum. 2. 15-Minute Chart: Clear uptrend with higher highs and higher lows. RSI at...

KeN-WeNzEl

Analysis Summary: • Daily Chart: Strong uptrend but overbought (RSI 76.73). Potential for a pullback. • 15-Min Chart: Price has lost momentum, MACD is flattening. • 3-Min Chart: Recent price action shows rejection near $2919-$2920 with weakening bullish momentum. Given the overbought daily RSI, loss of momentum on the lower timeframes, and potential...

KeN-WeNzEl

Technical Analysis: 1. Daily Chart: • RSI at 76.04 is in the overbought territory, indicating a potential reversal. • MACD shows bullish momentum but is at a high level, suggesting a possible pullback. • The price has reached a key resistance area around 2905.74 after a strong bullish run. 2. 15-Min Chart: • RSI at 60.94 is approaching overbought...

KeN-WeNzEl

Consumer Price Index (CPI) and Core CPI are key economic indicators that significantly impact XAUUSD (gold prices). CPI measures the overall change in consumer prices for goods and services, reflecting inflation’s pace. Core CPI, however, excludes volatile food and energy prices, providing a clearer view of underlying inflation trends. When CPI or Core CPI figures...

KeN-WeNzEl

Technical Analysis: • Daily Chart: • Clear strong bullish momentum with price at 2906.68, trending above key moving averages. • RSI at 77.97, indicating overbought conditions, suggesting potential for short-term retracement. • MACD shows strong bullish momentum. • 15-Minute Chart: • Recent retracement from a high around 2932 suggests temporary...

KeN-WeNzEl

Based on technical analysis, the price has recently seen a sharp drop after a strong uptrend, indicating a potential reversal or correction. The daily RSI (72.27) is overbought, suggesting downside pressure. The MACD on the lower timeframes (M15 and M3) is bearish, confirming short-term momentum shift. Price action on M3 and M15 shows a lower high and a break of...

KeN-WeNzEl

Technical Analysis • Daily Chart: • The price is in a strong uptrend with the RSI near overbought levels (78), but momentum remains intact as shown by a bullish MACD. • Continuation of the bullish trend is more likely since there’s no clear sign of reversal yet. • 15-Minute Chart: • The price maintains an upward structure with higher highs and higher...

KeN-WeNzEl

Analysis Summary 1. Trend Analysis: • The Daily chart shows a strong uptrend, with price making higher highs and higher lows. • The 15-minute chart supports the uptrend with a series of pullbacks and continuations. • The 3-minute chart shows some volatility but confirms higher support levels. 2. Technical Indicators: • MACD (Daily): Strong bullish...

KeN-WeNzEl

As of February 9, 2025, gold (XAU/USD) is trading at approximately $2,861.26. Analysts anticipate a bullish trend for gold in the upcoming week. Economies.com projects that gold may test the $2,900 level as a key resistance point. Similarly, 30rates.com forecasts that gold prices could reach $2,923 by Thursday, February 13, 2025, and $2,941 by Friday, February 14,...

KeN-WeNzEl

XAU/USD is one of the most popular instruments for day traders due to its high liquidity, volatility, and strong correlation with macroeconomic events. Gold is considered a safe-haven asset, meaning its price tends to react sharply to global uncertainties, such as inflation, interest rate changes, central bank policies, and geopolitical tensions. This constant...

KeN-WeNzEl

Trade Idea for XAUUSD Bias: Short Position Technical Analysis: 1. Daily Chart: • XAUUSD is in an extended uptrend and nearing overbought conditions with RSI at 74.98, signaling a possible pullback. • MACD is still bullish but reaching a peak. • A rejection near 2865-2875 suggests a strong resistance zone. 2. 15-Min Chart: • Recent momentum is slowing...

KeN-WeNzEl

Analysis: 1. Technical Analysis: • Daily Chart: A strong bullish trend with higher highs and higher lows. RSI above 70 indicates overbought levels, but momentum remains intact. The MACD shows bullish momentum. • 15-Minute Chart: Clear bullish structure with a potential consolidation phase forming. MACD indicates bullish crossover while RSI remains neutral...

KeN-WeNzEl

The price of gold continues to rise due to a combination of economic and geopolitical factors. In times of economic uncertainty, investors flock to gold as a safe-haven asset, preserving value amid inflation, market volatility, and currency devaluation. When central banks implement loose monetary policies, such as low interest rates or quantitative easing, the...

KeN-WeNzEl

Based on the charts you’ve provided, here’s a detailed trade idea using technical and fundamental analysis: Analysis Summary: • Technical Indicators: • The daily, 15-minute, and 3-minute charts show a clear uptrend with higher highs and higher lows. • MACD: All charts exhibit bullish momentum. On the daily, the MACD lines are well above the signal, confirming...

KeN-WeNzEl

Tariffs, especially those involving major economies like the U.S. and China, can impact gold prices by influencing inflation, economic growth, and market uncertainty. If tariffs lead to trade wars, economic slowdowns, or higher consumer prices, investors may seek gold as a hedge against inflation and economic instability, driving prices up. Conversely, if tariffs...

KeN-WeNzEl

Position: Short Technical Analysis: 1. Daily Chart: • Price is at a strong resistance level near 2820-2830. • RSI is at 71.56, indicating overbought conditions. • MACD is bullish but shows slowing momentum, signaling a potential pullback. 2. 15-Minute Chart: • Sharp move up towards 2820, followed by a wick rejection. • MACD histogram is peaking, signaling...

KeN-WeNzEl

Trade Idea for XAUUSD Position: Short (Sell) Reasoning: 1. Technical Analysis: • Daily Chart: Price is at a key resistance level near 2775-2780, showing signs of exhaustion. • M15 Chart: Recent strong bullish momentum has met resistance, and price has started to reject lower. • M3 Chart: Short-term trend reversal, showing lower highs and a loss of bullish...

KeN-WeNzEl

The current market crash in crypto is likely due to a combination of factors, including: 1. Regulatory Pressure – Governments and financial regulators worldwide are tightening control over digital assets, leading to uncertainty and panic selling. 2. Macroeconomic Conditions – Rising interest rates, inflation concerns, and a stronger U.S. dollar often lead...