AUD/CAD appears to be well guided within a downward-sloping channel from June, with initial support on the lower edge, now at about 0.8675. The lower-lows-lower-highs pattern since the start of 2023 raises the scope of a retest of the end-2023 low of 0.8600.
Once SP:SPX reaches 4312-4300, a corrective rally is expected. That rally should target 4360-4375 to be sold before ONE FINAL LEG LOWER. That final leg lower should ultimately terminate at 4270-80 to then transition to the melt up to ALL TIME HIGHS.
if today gold close h1 below 1920 .. it can straight go down to 1910 area ..2nd scenario market can go up from 192021 area trade always with confirmation .
the USD/JPY pair hovers around 147.50 after retracing from 147.70 during the early European trading hours on Friday. Meanwhile, the US Dollar Index (DXY) trades near its highest daily close since March near 105.30, supported by the robust US economic data. Market players will take cues from the preliminary University of Michigan (UoM) Consumer Confidence survey...
Gold prices (XAU/USD) rebounded on Friday on risk-off sentiment, shrugging off the rise in U.S. Treasury yields ahead of a key FOMC gathering in the coming days. In late morning trading, bullion was up about 0.75% to $1,925 as equity indices took a nosedive, with the Nasdaq 100 down nearly 1% amid widespread weakness in the technology sector. Despite today's...
Gold prices have been aiming cautiously lower in recent days, extending the broader decline since May. Guiding the yellow metal lower has been a falling trendline from May. Recently, XAU/USD rejected the former rising support line from November as it intersected with the descending trendline, opening the door to a downward resumption. Now, the yellow metal is...
i have two plan for today .. one is to share from current price . 2nd one is selling from 1920 .bia is selling btw ...Gold (XAU/USD) Bulls Remain Cautious Following Sticky US CPI. Retest of Recent Lows Grow More Appealing. The Technicals on Gold Remain Conflicted. A Golden Cross Pattern Printed in the Asian Session and a Death Cross Pattern Forming Just Another...
The Japanese Yen pushed higher in Asian trade after Bank of Japan governor Kazuo Ueda suggested that the central bank may start to shift away from its ultra-loose monetary policy if inflation begins to move to target. Governor Ueda said that the central bank may have enough data by the year-end to shift away from negative bond rates, adding that the central bank...
The Canadian dollar has managed to maintain strength against the USD in a week with little Canadian specific economic data. Last week’s Bank of Canada (BoC) rate announcement saw Governor Macklem leave the door open to additional hikes should incoming data necessitate. Subsequently, the local balance of trade and labor reports outlined the economies resilience and...
Gold prices appear to be increasingly struggling to break above the key falling trendline from May on the daily chart below. Last week, XAU/USD climbed to the former rising trendline from October after breaking below it, failing to push back above the line. This created a key juncture of resistance that combined both trendlines. Since then, prices have aimed...
gold creating whiks rejections on very key point also structurly its ready to go down from given area .. always trade with confirmation good luck
gold is looking for towards 1938 40 as its broken out of its trendline and also coming up from demand area that demand push it up towards 1935 to 40 .. good luck
cadyen is taken its previous liquidity and shifted its structure towards vdown side on on confirmatiomn we can go sells..also we have cad news later today good luck
yess eurchf is our trade of the month are re looking around 300 pips on eurchf ..go with confirmation
NVDA stock is ready foranother leg up wait for the confirmation and go for it
nasdaq looking for buy as nasdaq took their sell side liquidity and shifted its structure ..as i mentioned on retracement it can go for buy
im looking for gold to touch minimum 1950 lets see how it goes ,,analysis based on waves and smc theory
eurgbp bulish opportunity based on smart money concept and waves pattrens .. go with confirmation