Dear traders! BTC is testing local highs and during the correction is consolidating above downtrend resistance. Confirmation of the trend change will be a consolidation above the price level above 68,870. At this point the realization phase will take shape. We await confirmation of a trend change with a view to further strengthening. Therefore, it would be more...
Dear traders! Overall gold experienced significant volatility yesterday with a drop of over 800 pips to reach 2294 over the weekend. Accordingly, from a technical perspective on the 4-hour chart, the 2300 USD Psychological Resistance Zone continues to hold the price amid a correction and sell-off after a clear breakout on the chart. Personally, I appreciate that...
Yesterday, right at the beginning of the day, Gold continued its downward trend in the Eurasian session around 2314. Here, the H1 time frame created a pair of short-term reversal candles that pushed Gold back up and recovered strongly when the session came. America => At the end of the day, D1 candlestick closed up beautifully at 2350. Main trend today:...
Dear traders! A classic bearish breakout has formed from the $72,000 resistance after failing to break above the local $74,000 resistance as expected earlier. And there is a huge selling pressure around the $68,385 level (as observed on the H1 timeframe) and if the decline continues without a broken channel resistance, the bears could target $56,000. But in the...
Dear traders! Gold established a downtrend after failing to overcome the resistance level of 2400 USD and closing below the negative level of 2300 USD as large buyers such as the Central Bank of China stopped buying thus negatively impacting gold prices before the weekend and is likely to have a long-term impact on gold in the near term. On the new outlook for...
Traders! BTCUSD breaks trendline on 4-hour chart. And buyers are trying to retest the $70,000 resistance and even $70,500 liquidity. I expect that after the pullback, the price will continue to sell, the short-term target is the 64,500 USD area if buyers do not successfully defend the 67,000 USD area.
Dear traders! On D1 XRP is forming a bearish wave within the descending channel. The lack of momentum in breaking above the 0.55x resistance level is showing that the bullish momentum is losing momentum and the bears are in strong control. Accordingly, the steady decline in price along with the balance wedge has been broken. I expect that after a pullback to the...
Dear traders! As expected BTC is falling after failing to overcome the 72,000 resistance level although the outlook going forward is positive. On a smaller time frame we can catch the selling rhythm of the market remaining when it breaks the uptrend line and forms a good arc. I predict that BTC will have a pullback to the resistance area (70,115). The price...
Dear traders, I am Conan! Today, I want to share with you an extremely exciting update on medium and long-term gold. Overall, Gold is currently at a historic peak and all signs indicate that prices will continue to explode in the coming years. As you can see On the chart, we can see a strong developing cup and handle pattern on the monthly timeframe. This is a...
Dear traders! Gold's return to a key support structure follows an update to a high of $2,387. =)2332 USD would be a good entry point to buy on the next bull run! This is also the previous resistance structure. If the price forms a Bullish Pin Bar After touching 2332 USD, the opportunity will be better, because the general fundamentals of the market are still positive.
Dear traders! The EU has broken the Neckline so the outlook continues to be positive and maintains activity based on the previous uptrend, the main reason is that the market tends to be temporarily satisfied with Thursday's decision to cut interest rates by ECB. This increases expectations of the Fed cutting interest rates in September, through which the EU may...
Dear traders! Previously after breaking out of the wedge we saw BTCUSD update its high of $71,500, after which it had a corrective move as I predicted. And now it trades relatively stable below $71,000 and we predict BTC will continue the wave of liquidity capture correction below this zone and grow further if it does not succeed in conquering the peak. 71,650...
Dear traders! GBP/USD consolidates and remains near weekly highs but below 1.2800. Although the pair tested the trend channel support, the pair seems reluctant to break decisively above that level which could push the price to a year-to-date (YTD) high of 1.2894 Amid a cautious market mood, the US Dollar held its ground and did not allow the pair to move...
Dear traders! USDJPY is still falling. The support at 155.55 failed to turn UJ around and the downtrend continued. But based on the setup and model, it is expected that after UJ drops to 154.80, the price will recover based on the setup of a double top and bottom pattern that is likely to form. This price increase is expected to target the falling channel...
Hello friends! A descending price channel is gradually starting to appear on H4 which usually determines our outlook. Speaking of news: Gold prices remained under strong selling pressure during the European session, extending losses below $2,350. China has paused purchases of gold reserves after 18 consecutive months, exacerbating the decline in gold...
Dear traders! Gold's return to structural importance Double bottom formation Find and buy 2352 would be a good entry point to buy in the next price increase! It is also the previous resistance structure. If the price forms a Bullish Pin Bar After touching 2352, the chance will be better
Dear traders! On almost every timeframe, gold is showing significant gains remaining at high levels with steady trading activity on the H1 timeframe. However, in terms of prospects, previously, after testing the high of 2380, sellers actively corrected and sold off. This precious metal's strength may have been exhausted, as can be seen by the setup against...
Dear traders! Gold has ended the wave of adjustment in the context of market expectations that the US will follow the ECB in loosening monetary policy, in the direction of reducing interest rates in the near future. At that time, the USD will decrease in value compared to many other foreign currencies. Gold prices may increase even more in the future. 2 Plan to...