Mihai_Iacob

Mihai_Iacob Updated 

Not long ago, I used to discuss potential targets of 1,000 pips for OANDA:XAUUSD in my analyses, explaining why trading XAUUSD requires factoring in potential moves of 300–400 pips as part of a well-thought-out strategy, not 30-50 pips. Fast forward to today, and the landscape has shifted dramatically. A 500-pip movement in a single day has become standard,...

Mihai_Iacob

In today’s fast-paced trading environment, having an effective and clear method to track performance is essential for success. This article is tailored for short-term traders who typically manage 1–3 positions at a time and are looking for practical strategies to evaluate their trading outcomes. Unlike diversified stock portfolios or hedge funds that deal with...

Mihai_Iacob Updated 

Gold has been experiencing unusual price movements and heightened volatility over the past two weeks. Two weeks ago, the price saw an initial drop of 1500 pips. However, last week, it staged a sharp recovery, rallying almost uninterrupted—ignoring resistance levels—and closed the week strongly bullish at 2720. As if that weren’t enough, the start of this week...

Mihai_Iacob Updated 

Chainlink is a coin I like, mainly because it holds levels well. I expect this to continue, and after the recent break and retest, I anticipate BINANCE:LINKUSDT will rise toward 20. The ideal buying point is 12.80.

Mihai_Iacob

You’ve probably heard the claim that 95% of traders fail to make money in the markets. This statement is repeated endlessly across the internet, creating fear and doubt for many aspiring traders. However, this widely circulated myth is not backed by solid evidence or reliable statistics. In reality, it’s a generalized assumption based on flawed logic that...

Mihai_Iacob

Unlike Gold, Silver showed far less volatility last week and behaved in a more technical manner. After peaking on Tuesday, Silver remained range-bound, even as Gold rallied an additional 700 pips. Currently, Silver is testing its support level, but I suspect this support will eventually break. Similar to my approach with Gold, my strategy for Silver is to sell...

Mihai_Iacob

Gold remains highly volatile. After last week's sharp drop of approximately 1,500 pips from top to bottom, the price rebounded significantly this week, recovering around 1,000 pips. Despite finding a potential bottom at 2,537, the price is expected to encounter strong resistance at 2,680. I’m considering selling in that resistance zone, targeting a potential...

Mihai_Iacob

The U.S. presidential election has sparked optimism also in the stock market, with the technology index rising by 1,000 points. Following this new all-time high, the Nasdaq 100 ( PEPPERSTONE:NAS100 ) is now consolidating just below that level. This consolidation is taking the shape of a flag pattern, which could signal potential for further upward movement. A...

Mihai_Iacob

When markets show strong trends, especially bullish ones, it’s easy to feel reassured that prices will keep going up. This was what we saw in the gold market in October , where traders are confident and optimistic about continued upward movement. Yet this very confidence can mask a significant risk for traders: the risk of complacency. What is Complacency...

Mihai_Iacob

At the beginning of the month, GBP/USD made several unsuccessful attempts to reclaim the 1.30 level. Following these attempts, the pair saw a strong decline and is now trading below 1.27. However, GBP/USD is approaching a crucial point on the chart, and a potential reversal may be imminent. As shown in the posted chart, this zone is shaped by three key factors:...

Mihai_Iacob

Today, I was analyzing the charts, trying to determine whether a recession might be on the horizon, as the levels at which the U.S. indices are trading don’t seem sustainable to me at all. While scanning through various global indices— including the DAX, which I believe has already peaked —I also looked at copper as a leading indicator. This led me to the idea...

Mihai_Iacob

Dogecoin has held support perfectly at the former resistance levels from August and October 2021. After a much-needed correction, it has started to consolidate, with the range narrowing into a symmetrical triangle. The target for this pattern is 0.5, and as long as yesterday's low remains intact, the coin’s outlook remains extremely bullish.

Mihai_Iacob

After reaching a new all-time high at 3.3, SUI corrected and established a solid floor just below 3 USD. Today, the coin made a strong reversal from this low and appears poised for another move up. The next target could be above 4 USD.

Mihai_Iacob Updated 

In my previous BTC analysis, I mentioned my belief that Trump would win the election, potentially driving BITSTAMP:BTCUSD to a new all-time high. However, I don’t expect this surge to lead to a sustained bull market. Instead, I anticipate this to be an emotional reaction, with prices likely falling after a few days. Now, with BTC trading above $80,000, I’m...

Mihai_Iacob

Since mid-August, the German index has risen nicely, gaining 2,000 points, or around 10%. However, at the end of October, the GER30 broke below its rising trendline, suggesting a potential top. Currently, the price is consolidating within a range, and a break below 19,000 could indicate a future decline. Key support levels are at 18,300, followed by 17,300. If...

Mihai_Iacob

As you know, I’ve been bullish on the DXY and have anticipated a reversal since the now-confirmed bottom just above 100. With the price now above 106, however, I believe USD bulls should start exercising caution. There’s a very strong resistance zone ahead, ranging from 106.20 to 106.50, with another important level just above 107. In my view, a correction is...

Mihai_Iacob

As I explained in my previous analysis, I anticipated a correction in BITSTAMP:BTCUSD and decided to sell against this strong uptrend. With some luck, I’m still in the trade (though currently at a loss). At this point, however—unlike when I impulsively sold—we have some real data to analyze. :) After the first all-time high just below 90, yesterday we saw...

Mihai_Iacob

Silver has also experienced a sharp decline, falling nearly 5,000 pips from its recent multi-year high around $35. However, unlike OANDA:XAUUSD , we saw a reversal pattern in OANDA:XAGUSD yesterday with a Pin Bar that aligns well with technical support just above the psychological level of $30. As I’ve mentioned before, Silver often serves as a leading...