Mihai_Iacob

Mihai_Iacob

Since reaching its all-time high (ATH) three weeks ago, NAS100 has dropped approximately 3,000 pips, hitting a low near the 19,000 zone yesterday. Currently, the CFD price is rebounding, and this recovery could extend into the New York trading session. Although my overall correction target remains around 18,000, I anticipate a short-term relief rally at this...

Mihai_Iacob

Similar to EUR/USD, GBP/USD experienced a strong rally starting in March, breaking above the key resistance level in the 1.2775 zone. Over the past three days, the pair has consolidated well above the broken resistance level, suggesting that another upward spike is likely. However, the 1.30 level is both a significant technical and psychological barrier. If the...

Mihai_Iacob

In my post yesterday, I mentioned that Gold would likely break below the 2900 support zone. Indeed, after multiple tests and annoying price action, the price finally dropped below this level, reaching an intraday low of 2880. However, it quickly reversed and is now trading back around the same level. To be honest, while my outlook remains slightly bearish, this...

Mihai_Iacob Updated 

Friday's NFP turned out to be a non-event, with gold prices remaining stuck in their familiar range between 2,895 and 2,930. Following the announcement, prices initially spiked to resistance but quickly retreated to the middle of the range by the weekly close. Looking ahead, my outlook remains unchanged—I expect a break below the 2,895 support level. If this...

Mihai_Iacob

Last week, EUR/USD saw an explosive rise, breaking above my 1.06 target and even surpassing the next resistance at 1.08. However, signs of fatigue are emerging, and there appears to be significant selling liquidity around the 1.09 level. With the DXY currently in a support zone and potentially set for an upward reversal, I expect EUR/USD to decline and correct...

Mihai_Iacob

After testing support at the end of February, the US500 fell below this key level at the start of March, signaling the potential for a deeper correction. In my view, this scenario is likely, and any rebound this week could present a good selling opportunity for speculators. My target for this correction is the 5,200 support zone. A stabilization above 6,000...

Mihai_Iacob

In last weekend’s crypto analyses, I mentioned that many altcoins were in a support zone, with a strong chance of a reversal from that level. Shortly after I published my analyses, the announcement regarding the federal crypto reserve was released, triggering a massive pump. However, this surge was short-lived, and prices quickly retraced back to their initial...

Mihai_Iacob

In my post yesterday, I argued that multiple resistance levels exist above 2925, which could lead to a market decline. Indeed, throughout the day, gold dipped below 2900 once again, but support held, keeping the price stuck in a range. Looking ahead, today’s NFP data could act as a catalyst for a breakout from this range. My bias remains bearish, and I expect a...

Mihai_Iacob Updated 

Yesterday, gold initially dropped below 2900, briefly testing the 2895 zone as support before reversing sharply to the upside. Although I had a sniper entry with a 500-pip profit target, I chose to close my trade with a 250-pip profit instead. The reason for this decision is the strong resistance between 2920 and 2930, along with multiple barriers extending...

Mihai_Iacob

After retesting the 1.0360 support during Monday’s Asian session open, EUR/USD reversed to the upside, reaching the 1.05 resistance zone. The pair then broke above this level, surging higher and reaching the 1.08 zone, surpassing the 1.0780 resistance. Currently, the pair is consolidating above this level. However, since the DXY is sitting on strong support with...

Mihai_Iacob

So far, it has been a rough week for the USD, with the index dropping from the 107 zone to 104 and breaking below the key 106 support level. However, the DXY is currently seated on strong support, and a relief rally could be imminent. I’m closely watching for signs of a reversal for confirmation while keeping an eye for short trades on EUR/USD and GBP/USD.

Mihai_Iacob Updated 

Yesterday, Gold pulled back from the 2,925 resistance zone, but the bulls regained control at support, leading to price consolidation. As mentioned in my previous analysis, as long as Gold holds above support, the likelihood of a renewed bullish move remains high. Currently, with the price hovering just below resistance, a breakout could be...

Mihai_Iacob

Last week was a tough one for Gold bulls, with the price dropping sharply to a low of $2,830, breaking through multiple support levels. However, after Friday’s close back above the $2,850 zone, the market opened on Monday with a gap. Once that gap was filled, the price rebounded, breaking back above the key $2,880–$2,890 technical zone. Furthermore, at the time...

Mihai_Iacob

After reaching an all-time high around the $300 zone, Solana experienced a sharp decline of approximately 60%, dropping to a key support level above $120. This pullback could present a strong buying opportunity for speculators anticipating a reversal toward $200. Conclusion: ✅ Dips below $140 should be considered potential entry points. ✅ The setup becomes...

Mihai_Iacob

Ethereum has been a disappointment for traders. Many were expecting a new all-time high, but so far, Ethereum has failed to deliver. However, for speculators like me, this type of market movement presents an ideal trading opportunity. Recently, ETH reached a key confluence support zone around the psychologically significant $2,000 level, reinforced by multiple...

Mihai_Iacob

Like most altcoins, ICP has been declining since December. At the beginning of February, it reached a key support level around $6. After this drop, the coin began to consolidate, but recent price action suggests a potential reversal to the upside. A confirmed breakout above $7 would strengthen this outlook, potentially leading to a test of the psychologically...

Mihai_Iacob Updated 

It has been a rough week for Gold bulls. After reaching a new all-time high on Monday, Gold experienced a sharp sell-off, breaking multiple support levels—just as I highlighted in my recent analyses. Yesterday, I pointed out that the 2880 support level was unlikely to hold and that a drop toward 2850 was the most probable scenario. Overnight, Gold hit a low of...

Mihai_Iacob

Ah, Altcoin Season —that magical time when every random token is supposed to skyrocket, turning you from an average investor into a crypto mogul overnight. At least, that’s what the hype says. Yet, despite endless Twitter (sorry, X) posts and YouTube thumbnails screaming, "It's coming! Any day now!", it still hasn't arrived. So, let’s cut through the noise and...