On the 4-hour chart of gold, we see that the price of gold has pulled back slightly from recent highs, but is still maintaining a positive uptrend above two exponential moving averages (EMAs), the 34 and 89. The 34 EMA, shown in blue, is above the 89 EMA in purple, indicating that the short-term uptrend is still intact. However, it is worth noting that the...
The technical analysis for the GBP/USD pair on the 4-hour chart shows that the British pound is trading near the 20-period and 50-period exponential moving averages (EMAs). Both EMAs are consolidating, creating a support area just below the current price. However, the Bollinger Bands are slightly widening, which could indicate an impending period of increased...
The current gold price chart shows strong support at the 34 EMA and 89 EMA, both of which are converging to form a key support area. This, combined with better-than-expected US retail sales data, suggests that the US economy is gaining some strength, which could support the dollar. However, weaker-than-expected retail sales could prompt the Fed to cut rates more...
Gold has now surpassed its previous record high of $2,570 an ounce, supported by strong expectations of a Fed rate cut. However, higher-than-expected US consumer price data has reduced the likelihood of a 50 basis point rate cut this month, although the market still expects a 100 basis point cut by the end of the year. Gold is considered a “safe haven” amid the...
On the charts, gold prices are continuing their strong upward momentum, breaking through key resistance levels and moving towards testing new highs. This is supported by data from the Kitco News surveys, which show strong optimism from both professionals and retail investors on the outlook for gold. Technical analysis on the 4-hour chart shows that gold prices...
If you haven`t sold the top on Bitcoin: Now you need to know that as the Federal Reserve's highly anticipated rate cut approaches, the market is bracing for potential volatility, and Bitcoin could be no exception. While many expect a modest 25 basis point cut, a more aggressive 50 basis point reduction is also on the table. This larger-than-expected move could...
If you haven’t seen my RUT 2000 prediction for 2024: Now you need to know that as the Federal Reserve’s rate cut decision looms, speculation is rising that we may see a larger-than-expected 50 basis point cut instead of the anticipated 25. While rate cuts are typically a positive for equities, this aggressive move could lead to a short-term selloff, particularly...
If you haven`t bought the recent dip in QQQ: Then you need to know that as we approach the Federal Reserve's rate cut decision this week, there is growing speculation that the central bank may implement a larger-than-expected 50 basis point cut, instead of the anticipated 25. While rate cuts are typically viewed as bullish for markets, this unexpected move could...
If you didn’t short VFS before the major selloff: Now analyzing the options chain and the chart patterns of VFS VinFast Auto prior to the earnings report this week, I would consider purchasing the 5usd strike price Puts with an expiration date of 2024-12-20, for a premium of approximately $1.97. If these options prove to be profitable prior to the earnings...
The current EUR/USD chart shows a positive trend with important test points, but even though it is moving in a fairly stable pattern, the market's hesitation can provide opportunities for investors to pay attention. On the daily chart, EUR/USD has demonstrated its ability to maintain levels above two moving averages (EMA 34 and EMA 89), a positive sign that shows...
In the recent trading session, gold prices recorded a strong growth, breaking through several important resistance levels, and are now approaching the new red resistance zone on the chart. With this increase, gold prices have the potential to challenge higher levels in the near future, supported by several technical and macro factors. The 34 EMA and 89 EMA are...
The current EUR/USD chart shows important reaction levels using Fibonacci levels, which paints a notable technical picture for traders interested in the pair. The 0.618 Fibonacci level ($1.10758) is the key resistance level that the price needs to overcome to confirm the uptrend. This level has seen some market reactions, and if overcome, the price could...
Gold prices edged up in the US session, reacting to the latest PPI inflation data. The US Labor Department said the PPI rose 0.2% in August, beating expectations for a 0.1% increase. The core PPI also rose 0.3%, but annual wholesale inflation came in at 1.7%, below the 1.8% forecast. The move reflects concerns about inflation and expectations that the Fed will be...
If you haven`t bought SHIB before the previous rally: nor sold the top: Analyzing Shiba Inu’s chart, it appears to be entering a phase of accumulation following the conclusion of a falling wedge pattern, which is often a bullish signal. Given this setup, I anticipate a potential upward movement in SHIB over the next two weeks as buying pressure builds. The...
If you haven`t bought the dip on XRP: Now you need to know that Ripple’s XRP is showing bullish potential, buoyed by its partial legal victory in July 2023. The court's ruling that only institutional sales of XRP were unregistered securities offerings, while programmatic sales to retail investors were not, has given the token a significant boost in confidence....
The gold chart is currently trading in a narrow range, indicating a sideways trend, reflecting the market’s anticipation of news that could have a major impact on prices. This sideways movement occurs between two key levels: resistance near $2,525 and support at $2,472. This stability has been partly maintained by the latest US inflation data, which showed that...
Amidst volatile global financial markets, gold prices have recently shown a slight increase, mainly due to a series of important economic and political news. Investors’ attention has been focused on key economic indicators such as the US Consumer Price Index (CPI), which is closely watched as it can directly influence the Federal Reserve’s monetary policy...
The EUR/USD pair is showing a strong bearish bias, as shown by the 34 EMA crossing below the 89 EMA, a classic bearish sign. This suggests that the market could continue this trend as long as the selling pressure has not subsided, especially as the price continues to trade below both EMAs. On the Fibonacci Retracement chart, the current price zone of EUR/USD is...