SamerHa

SamerHa

Gold is declining for the second consecutive session, although it remains above the critical psychological level of $3,300 per ounce in early spot trading this morning. Losses in the precious metal come amid renewed optimism over potential trade agreements that could de-escalate the global trade war, alongside upbeat sentiment regarding the strength of the U.S....

SamerHa

Gold May Find Support Amid Concerns Over U.S. Debt Sustainability, Economic Weakness, and Renewed Geopolitical Tensions Gold prices are holding steady today, near $1,353 per ounce in spot trading, in what is expected to be a low-liquidity session due to the early closure of U.S. markets. This follows three consecutive days of gains. The yellow metal’s subdued...

SamerHa

Gold is holding steady and posting a modest rebound today after notable losses yesterday, though it continues to struggle to reclaim the $3,330 per ounce level. The precious metal’s ability to resume gains stems from continued market uncertainty surrounding both geopolitical and trade-related risks, which could sustain demand for safe-haven assets. On the...

SamerHa

Gold prices are trending lower today after a slight positive open, struggling to hold near $3,365 per ounce, hovering just above the lowest level in over ten days. This weak performance comes as markets continue to downplay the consequences of the unprecedented U.S. strike on Iran’s nuclear facilities. Previously, experts had viewed a strike on Iran’s nuclear...

SamerHa

Crude oil prices are climbing by over 1% today across both Brent and West Texas Intermediate, approaching their highest levels since January. These gains are driven by rising concerns over the fallout from a potential escalation in the Israel–Iran war, especially with the prospect of direct U.S. military involvement that could widen the conflict and threaten oil...

SamerHa

Gold is showing little movement today, holding near $2,386 per ounce after a drop of over 1.4% yesterday. This weak performance comes as market fears over the fallout from the Israel-Iran conflict have eased. Investors are hopeful that energy supplies flowing from the region to the rest of the world will not face major disruption. Scenarios that could shock oil...

SamerHa

The Euro is back on the rise today, rising 0.2% against the US Dollar, reclaiming the 1.051 level while still remaining near its lowest levels this year. The euro’s is capitalizing on the correction in US Treasury yields after reaching levels that seem at attractive spot to buy. This has given the euro the ability to confront the continuous stream of...

SamerHa

The Euro is recovering today, rising more than 0.5% against the US Dollar, reclaiming the 1.0478 level after hitting its lowest level in nearly two years last Friday. While today’s decline in the Dollar appears to be a correction and comes in anticipation of a series of crucial data releases this week and the following, the Euro may remain under pressure as the...

SamerHa

After SVB has failed, which has raised concerns about the stability of US banks, as recent news reports indicate, I have questions about the reliability of stock bloggers/vloggers. Especially those telling you about “the best growth stock to buy right now”, “this stock is down by 50%, is it a buy now?” First, I would like to remember these four key events marked...

SamerHa

The USDTRY pair tends to be extremely volatile, and hence it brings many scalping opportunities. On the sell side, and on the hourly chart, you need to keep an eye on EMA-200, EMA-25, trading volume, its MA, and a few important points of time during the day. Zoom into the chart. By 7:00 AM UTC (sometimes 8:00 AM), a significant trading volume spike above its MA...

SamerHa Updated 

MATICUSD shows a major trend reversal signal according the Heikin Ashi hourly chart. This becomes with testing the support of the crucial lines of Fibonacci 23.6% at 1.2818 and 1.2770, as this area has a very important volume profile. Also, it is near the SMA-100, which is in turn, a very important for trend signaling as the orange shaded area below it...

SamerHa

Even with relatively high volatility, the use of the two Gann Fans and Fibonacci along with MACD indicator - which I normally don't like to use - based on Heikin Ashi log-scaled chart proves to be quite powerful to capture the behavior of AIR price. On the daily chart, the area between 11.52-106.42 is the target after that AIR breaks below the ascending channel....

SamerHa Updated 

Moderna's share (MRNA) price has been running in a narrow price range since November 8 after a series of gains extending since October 21, surpassing the short and long-term exponential moving averages in a positive short-term sign. Meanwhile, an unclear zigzag path has dominated MRNA share since the beginning of the year. As for now, and on the daily chart, we...

SamerHa

On the daily chart, MCD is trading within a descending channel extending since October of the year 2022 and also trading on both sides of the crucial EMA-50, and around the swing level at $267.98 (Fibonacci level 78.6%). The breach above the previous two lines usually leads MCD towards testing the top of the descending channel, as well as retesting the support...

SamerHa Updated 

Brent oil (UKOIL) is traded near the very critical line of the EMA-100 (the orange area line) on the daily chart. Also, Brent is testing the important Fibonacci level of 38.2% of 87.32 along with the 3/1 line of Gann Fan. A breakout above these lines suggests a new bullish move for Brent price toward the green shaded area that has a bottom of 91.60 (a crucial...

SamerHa

After a bearish shock for gold prices, a new possible bullish move may reveal itself with the currently forming three-bottom pattern. Stabilization above the EMA-25, as well as a breakout above the level of 1878.67 and the EMA-50 line, are required to ensure the probability of a breakout toward the area of 1916.67-1919.91. A move below 1859.65, on the other hand,...

SamerHa Updated 

On the daily chart, SBUX swings within the middle of an ascending wedge and tries to stabilize above the horizontal resistance area between Fibonacci level of 78.6% at $107.23 and $108.87. While we are now waiting for SBUX to breakout above the ascending wedge, which paves the way to advance towards $117.80-120.76 as initial targets. With setting the levels of...

SamerHa Updated 

TGT share formed a bearish double-top pattern by retracting from January high. The first bearish target would be 161.54 level and the EMA-25. Breaking below those lines shall pave the way for the next bearish area target between 159.49-158.34 levels. The area between 155.71-154.84 levels would be the further bearish targets ahead of breaking below the previous...