Gold price next week?: Falling out of the 2000 zoneOANDA:XAUUSD Gold remained stagnant throughout the week, closing within the same price range as last week due to a $2,048 resistance and $2,001 support. There are concerns about the US debt ceiling expiration as talks have been postponed to next week. Additionally, there are worries about an economic slowdown as bank deposits in the US decrease.
A sustained Buy Breakout move above $2,022 will help gold regain its position at $2,032-$2,038.
Buy Sell Breakout at 2000 when the market shows signs of breaking through and close below this price range, stop loss at near 2011 resistance. Nearest target: 1995 - 1990 - 1983
BUY GOLD zone 1983 - 1980
Stoploss: 1975
Take profit 1: 1987
Take profit 2: 1992
Take profit 3: 2002
Buyzone
HUGE Buy Opportunity NZD/USD There is a significant buying opportunity on the NZD/USD currency pair at the price level of 0.61800. Traders may view this as a favorable entry point to go long on NZD/USD, anticipating a potential upward price movement from this level. However, it is important to conduct a thorough analysis and consider other factors, such as market conditions and risk management, before making any trading decisions.
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BIG BUY Coming For AUD/USDThe AUD/USD currency pair has been experiencing a significant decline, forming a pronounced downtrend as it nears the neckline of a substantial daily double-bottom pattern. Traders and investors are closely observing the 0.65981 area for a potential rebound. There is particular interest in establishing a long swing position with the expectation of a price movement toward March 2023 high at 0.71577.
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GOLD 12/5: Keep watching SELL to the price area around 2000Gold prices remained pressured on Thursday for the second straight day despite a weaker US economy. The reason may be related to the market rushing into the US Dollar amid concerns about the expiration of the US debt ceiling and the collapse of the banking system.
The news becomes even more important and negatively impacts risk appetite as the US Treasury has signaled the possibility that the Federal Government could default on its debt as soon as June 1 unless the debt ceiling is raised.
Gold prices confirmed the pennant break on Thursday, indicating a bearish bias in the metal. The metal's downtrend break also justifies the upbeat signals from the Moving Averages Convergence and Divergence (MACD) indicator, as well as the steady Relative Strength Index (RSI) line, is set at 14. TVC:GOLD
SELL GOLD zone 2020 - 2023
Stoploss: 2027
Take profit 1: 2015
Take profit 2: 2010
Take profit 3: 2005
BUY GOLD zone 2005 - 2000
Stoploss: 1995
Take profit 1: 2015
Take profit 2: 2030
Take profit 3: 2040
Bitcoin Buy Zone Floor you might not have another ChanceThere have been 4 Bitcoin Buy Zones since it's inception. We are currently in the 4th.
If you bought Bitcoin in the zone at an average cost you would ahead in your investment until the next zone and beyond.
The First Bitcoin BuyZone was way back in Oct 2014 with an average Buy point of $273. That Floor was never touch again
The Second Bitcoin BuyZone was on Nov 2018 with an average Buy point of $4288. That Floor was never touch again until the next BuyZone and only hit one time in that zone
The Third Bitcoin Buy Zone was on March 2020 with an average Buy point of $8409. That Floor was never touch again.
The Forth Bitcoin BuyZone hi on May 9th 2022 and we are establishing the next Floor.
Do you think this is just coincidence? Or do you have faith that we are establishing the next Bitcoin Floor.
Let me know in the comments below
~S
Gold Price Forecast: Uptrend XAU/USD upbeat ahead of CPIGold (XAU/USD) cheers US policymakers unable to give any commendable signs of debt ceiling as the yellow metal re-establishes weekly highs to around 2,038$ around the press time point. In doing so, XAU/USD also benefited from a softer US Dollar ahead of all-important US Consumer Price Index (CPI) data for April.
That said, XAU/USD is currently aiming for a mid-April high swing around 2,048$ before reaching a February 2023 high near 2,060$. However, the recently refreshed all-time high of around 2,080$ and an upward sloping resistance line from late March, near 2,088$, quickly followed by the rounded figure of 2,100$, could be challenge those who buy Gold then.
Conversely, a one-week ascending trendline near $2,017 is ahead of the $2,000 psychological magnet to limit Gold prices short-term declines.
Accordingly, the convergence of the 200-bar Exponential Moving Average (EMA) and the previous resistance line from last Wednesday, near $1,989, will be important to watch as it holds the key to a further downtrend. more of XAU/USD.
BUY TVC:GOLD : 2026-2024
STOPLOSS: 2018
Take Profit: 2030
Take Profit: 2035
Take Profit: 2045
EUR/USD keeps range below 1.1000, looks to buy ahead of CPIThe EUR/USD pair is struggling to extend its recovery above the 1.0980 immediate resistance at the start of the European session. The pair has felt the downside pressure as the US Dollar is seeing some renewed buying interest ahead of the important US CPI data release.
The EUR/USD currency pair has dropped below the 20-day Simple Moving Average (SMA) for the first time since mid-March. While the main bias remains bullish, the Euro is currently lacking strength, raising the risk of a deeper correction. To open the door for further upside, the common currency needs to have a daily close above 1.10150 or a firm break of 1.10530.
Ahead of the Asian session, EUR/USD is showing a bearish bias, but it has found support above 1.0952 and the 200-period SMA on the 4-hour chart. However, a drop below this level could increase downside pressure, exposing the next support around 1.0927. If the pair dips below 1.0905, it can cause volatility and accelerate the price decline.
CRM - Salesforce potential buy entryWhen you take a glance at the CRM chart on the Weekly time frame, you can see that the stock made it's important move above the 200SMA line, which is considered as a good bullish sign for any stock to start it's rally up.
Things to consider when looking at CRM chart:
1. On Weekly time frame, price confirmed it's last known support levels sitting at $191.5 and $195 price levels.
2. If todays CPI data are good, potential buyers may enter the market and all stocks could see a potential upside buy momentum.
3. According to todays inflation news, my entry will be partial, I will not enter the full position since we have a resistance zone just above the current price level, sitting at $203.5 to $206 price range.
4. If the above mentioned resistance line gets broken, I will surely be adding to my position.
5. I will not let the price of stock move a lot, my stop loss level will be set in place at price right below the box which is the last support line. Price I am looking for potential stop loss is set to $108.5. On Weekly time frame, that is just below the 200SMA line. On Daily, it is just under 50SMA line. In my opinion, those are good levels to exit the position if the price has a significant drop.
6. Ideal Take Profit price is set to $275.5 level, which is a good resistance zone. That doesn't mean I will held or close the position, this is just my long term price goal for the stock. If market gives me a clear signal, I will either exit the position or add to it, depending on the signal given.
Of course, this is not a financial advice. This is just my personal opinion. Please do your due diligence before investing. NYSE:CRM
Should expect a nice run for the bullsWide double bottom, the bands are crossing up. Should expect a nice big push up, the ratio/rewards are incredible.
For short take profit 1.3500 area or 1.3600
For longterm take profit ether 1.3900 area or 1.4000
Trade safe be sure you buy the dip and you’ll be risk free.
Enjoy
Longterm buy 1.3900-1.4000
Short term buy 1.3500 -1.3600
Risk reward/ratio: 5.00-8.77
AUDUSD SELL TO BUYTechnically looking the price of this pair, we can that using the elementary trading skills of break-out and retest. the price has retested two major trendlines. I may have not shown them on the charts but on four hourly charts they are visible.
now we are looking forward for the price to fall in order for it regain momentum to be able to push to the upside as there's a major support zone with triple touch. hence, we sell to buy for a long run. the exit point is identified by the use of fibo trading tool.
Trading Speed Bump Ahead!!Looking ahead, the EURJPY is poised to be the most trending pair in the coming week, with a bullish Euro and bearish Yen driving the market. This presents a great opportunity for trend traders, as the pair is expected to rise steadily.
Personally, I will be watching for a retest of 149.53 on the 1-hourly chart as an entry point for a trend-continuation trade.
However, it is important to note that a potential trading speed bump may arise on the daily chart due to the completion of a bearish AB=CD pattern at 150.76.
While this may be a cause for concern, experienced traders will set an alert at 150.76 and wait for a confirmation signal before acting on the pattern. It's important not to let "what-if" scenarios deter you from making a trade - stick to your trading rules and use them to your advantage.