Forex-gold
R2F Weekly Analysis - 5th May 2024 (ICT Concepts)Hi everyone,
Here we are at another Sunday. Time for some analysis.
Everything I had to say is covered in the video, but for a TLDR;
I am still bullish on the Dollar. Although, I'm not convinced we have reached an intermediate bottom yet. I'm still waiting for more confirmation in order to have the highest probability of being on-side. Comparing with other forex assets, I also have the same sentiment. Lower prices for XXXUSD and higher prices for USDXXX, but still waiting for more confirmation for a larger swing trade. For now, scalps at most.
Have a good trading week you guys. Stay safe out there.
- R2F
XAUUSDXAUUSD after the price was able to break through the 2291 level, it is expected that the price has a chance to test the 2263 support zone if the price is unable to break through. It is expected that in the short term there is a chance that prices will rebound.
>>GooD Luck 😊
❤️ Like and subscribe to never miss a new idea!
XAUUSD Gold 1D- Let's start with the daily timeframe. We continue to observe a strictly bullish context for XAU/USD. Currently, we are within the MS Range. The obvious local target for correction is the equal lows marked on the chart. It's also important to note that if the price closes below the fractal equal lows, the context will change to bearish.
EURUSD: Waiting the ECB for a new low of the yearEUR/USD has shown a significant upward trend, surpassing the key level of 1.0650. This upward movement was primarily driven by a shift in risk sentiment, with investors moving away from safe-haven assets, thereby weakening the US Dollar. The Relative Strength Index (RSI) on the 4-hour chart indicated a recovery towards the 50 level, signaling a reduction in bearish momentum. Earlier, during Friday's Asian session, EUR/USD experienced a decline towards 1.0600, attributed to reports of Israeli missiles striking Iran. This triggered a flight to safety, benefiting the US Dollar and causing a temporary retreat in EUR/USD. However, official confirmation regarding Israeli retaliation against Iran was awaited, as Israel had not yet confirmed its involvement. Despite initial concerns, reports suggesting the end of direct attacks between Israel and Iran provided relief to the markets, leading to a reversal in risk sentiment. Consequently, S&P 500 futures retraced a significant portion of their previous losses, indicating an improvement in market mood. However, geopolitical uncertainty in the region remains a concern, potentially prompting investors to seek refuge before the weekend. Even in the absence of further escalation, investors may exercise caution, refraining from making risky bets amid persistent geopolitical tensions.
Xau/Usd GOLDHello traders!
The pair XAU/USD has increased to historically high levels at (2430.00). In my opinion, the price has to decrease to (1840.00). Fast movements can be expected. Be careful! Patience is the main key to success. Don`t forget to look at the economic calendar!
MAKE MONEY AND ENJOY LIFE 💰
THANK YOU!
GOOD LUCK!
🙏🏻🙏🏻🙏🏻
💎 GTAI/USDT- Is there Still Oportunity for Longterm investment?By reviewing the GTAI/USDT chart, we see that the price is still in the attractive demand range of $ 3 and we can wait for the price growth soon! Possible Targets of this Crypto are $ 3.34, $ 3.81, $ 4.3 and $ 5, respectively!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Analyzing Gold's Trend In the Upcoming PeriodGold prices are showing signs of reversal after hitting an all-time high above the $2,350 barrier during European trading on Monday. The decrease in bets on a Fed interest rate cut in June and reduced geopolitical tensions have limited gold's upward momentum, despite increased central bank gold purchases.
Looking at the H4 chart,, if gold undergoes a correction back to around $2,331 before continuing its upward trend, it could indicate that the strong uptrend will continue.
If gold buyers successfully challenge the correction pressure, there's a possibility of a new recovery towards the psychological level of $2,370, if accepted above the $2,350.
XAUUSDGold, the main trend is up. The price has an opportunity to test the resistance zone 2296-2304. If the price cannot break through the 2304 level, in the short term it is expected that there is a chance that the price will go down. Consider selling in the red zone.
>>GooD Luck 😊
❤️ Like and subscribe to never miss a new idea!
💎 GTAI/USDT - Opportunity for BUY ? (READ CAPTION)By checking the GTAI/USDT chart, we can see that the price is trading in the range of $3.17 and we have to see if it can keep the support of this important demand range or not! If the price manages to stabilize above $3, we can expect its growth to higher levels such as $3.5, $4.5 and $5.5! This analysis will be updated! If you have more questions, share them with me in the comments section through the analysis link and I will answer you!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
🔥 #NASDAQ - Target Reached , What's Next ? (READ THE CAPTION)By checking the Nasdaq index chart in the 4-hour time frame, we can see that the price started falling from the desired supply range exactly as we expected and hit the targets of 18150 and 18090 and even corrected to 18000! The efficiency of this analysis has been more than 380 pips! The level of demand in front of the price range is 17800 to 17970 !
The Main Analysis :
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Hellena | GOLD (4H): Long to resistance area at 2222.710. Dear Colleagues. I suppose that the price will continue its upward movement. After the strong news background, we have to redraw the waves. I think that the wave starts the ascending wave 3. The nearest target is the resistance area at 2222.710.
Manage your capital correctly and competently! Only enter trades based on reliable patterns!
XAUUSDXAUUSD is in a correction phase. There is a chance that the price will retest the 2208-2222 resistance zone. If the price cannot break through the 2222 level, there is a chance that the price will go down. Consider selling in the red zone.
>>GooD Luck 😊
❤️ Like and subscribe to never miss a new idea!
XAUUSDXAUUSD is still in an uptrend. It can be seen that today's gold price made a new high at the level of 2218-2222. As for the price, there may be some differences between each broker.
technical view If the price cannot break through the resistance level 2222, it is expected that in the short term the price will go down. Consider selling in the red zone.
>>GooD Luck 😊
❤️ Like and subscribe to never miss a new idea!
DXY Seems Likely to Show Some Mid-Term StrengthDXY has pulled back a lot as US bonds have ripped to the upside, however it would appear that the Yields may be setting up for a short term bottom which would result in the DXY coming back up. This would align with the Euro coming back down, but I'm not convinced the move up in DXY will be long-lasting, however I do think it will be notable enough to initiate some Bearish Reversals in Gold, BTC and the SPX and the completion of a potential Bullish 5-0 on the Euro which would take it to the 50-61.8% retrace down at around $1.08, before continuing to the upside.
XAUUSDXAUUSD is still in an uptrend. The price is now near the strong resistance zone 2115-2144. If the price cannot break through the 2144 level, it is expected that there is a chance that the price will correct. Consider selling in the red zone.
>>GooD Luck 😊
❤️ Like and subscribe to never miss a new idea!