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Analyzing Gold Price: Gold's Decline Amid Rising US Bond YieldsIn the European trading session, gold continued to decline to near 2,350 USD after retreating during the Asian session on Monday. This persistent decline is attributed to the increase in US Treasury bond yields. Additionally, the political situation in the Middle East has eased, reducing concerns and the search for safe-haven assets like gold. Looking at the chart, we can see that the price has broken through the trend line and formed a double top pattern. In the near future, gold prices may continue to undergo further corrections and trend towards a downward direction, especially as technical indicators indicate market weakness.
OANDA:XAUUSD
by Daisy_Anna
ATOM - Trading The Range 📦Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📦 ATOM has been hovering within a big range between $5-$6.5 support zone and $15-$16.5 resistance zone. 📉 Currently, ATOM is in a correction phase and approaching the lower bound of the range. 📚 As per my trading style: As #ATOM approaches the lower bound of the range, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
1
ETC/USDT 4HInterval ChartHello everyone, let's look at the 4H ETC to USDT chart as we can see the price is bouncing from the lower boundary of the downtrend channel. Let's start by setting goals for the near future that we can include: T1 = $28.51 T2 = $29.92 T3 = $31.92 T4 = $35.08 AND T5= $37.63 Now let's move on to the stop-loss in case of further market declines: SL1 = $22.82 SL2 = $20.04 AND SL3 = $18 Looking at the RSI indicator, there is still room for a continuation of the upward movement, while on the STOCH indicator we have exceeded the upper limit, which may result in a deceleration of the current movement.
by cryptodailyuk
BTC rebounded in the support zoneHello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As we can see, the price remains in the newly created channel, in which we can see how the lower border of the channel coincided with a strong support zone from $62,581 to $59,738, thanks to which the price stayed and did not return to the area of $51,600. Currently, we can see a break above the first resistance line at the level of $64,290, at which we are fighting to maintain, but further significant resistance may appear at the price of $67,259, and then a resistance zone from $71,753 to $73,812 is visible only when the price breaks through above. this zone will be able to move towards $80,000. However, if we pay attention to the RSI and STOCH indicators, we will see that the RSI indicator still has room for the price to continue its upward movement, but the STOCH indicator is entering the upper limit of the range, which may affect the upcoming slowdown of the upward movement, or even give another attempt to recover.
by cryptodailyuk
Technical Analysis: Market Volatilitys and GBP/USD DowntrendThe British Pound is declining against the US Dollar following a day of volatile trading due to escalating Israel-Iran conflict. Leading figures from central banks, including the Bank of England (BoE) and the Federal Reserve, continue to make waves in the financial markets. Overall, the GBP/USD currency pair remains within a downtrend channel. This is evidenced by the price dropping below the key threshold at 1.2400. Based on technical analysis, examining the chart reveals that the price has broken through the trendline and consistently formed new low points, clear indicators of a strong downward trend.
by Daisy_Anna
Technical Analysis: EUR/USD Rebounds Amid Middle East The EUR/USD pair has witnessed a notable recovery above the 1.0650 level. Reports of escalating tensions in the Middle East conflict have prompted investors to shift their focus towards the US dollar (USD) as a safe haven, leading to a decline in the EUR/USD pair. From a technical standpoint, although the price is still maintaining a downward trend, signs of a recovery have emerged. It is anticipated that the price will test the SMA 50 area before resuming its downward trend.
by Daisy_Anna
Gold Market Analysis: Short-Term Targets and Long-Term OutlookIn the US trading session on Friday, the price of gold (XAU/USD) faced pressure as it sought to reclaim near-record highs around 2,430 USD. Despite a slight decrease, the price of gold remained within its upward trend, supported by safe-haven inflows amid escalating tensions in the Middle East. Looking at the chart, we can see that the price of gold is experiencing a slight decline while attempting to maintain above the crucial resistance level of 2,400 USD. However, the upward trend remains intact and is expected to continue into the following week. The short-term target is the 2,400 USD mark, with potential further advancement towards the psychological level of 2,431 USD.
OANDA:XAUUSD
by Stephen_Anders
Geopolitical Unrest Drives Gold Beyond $2,400The political tension between Israel and Iran continues to escalate, propelling Gold prices to regain momentum and surpass the $2,400 mark in Friday's Asian trading session. If this tension continues to escalate, forecasts suggest that Gold prices could experience even stronger growth, potentially reaching the $2,500 threshold. Looking at the chart, we can observe that prices have crossed above the Simple Moving Average (SMA) lines and are advancing further upwards, indicating a very strong upward trend.
OANDA:XAUUSD
by Stephen_Anders
5
Technical Analysis Signals Strong Growth for USD/JPYUSD/JPY is currently maintaining stability around 154.50 amidst unpredictable market fluctuations. According to Reuters, the currency pair reversed losses after a high-ranking official from Iran stated that there is no immediate plan for retaliation against Israel's missile attack on Iran. This has reduced the likelihood of escalating tensions in the Middle East. Based on technical analysis, the Relative Strength Index (RSI) is trading above 60, indicating signs of strong upward momentum in prices. This reflects optimism and bolstered buying activity in the market, potentially driving USD/JPY prices even higher in the near future.
by Daisy_Anna
HelenP. I Gold can decline to support zone and then start growHi folks today I'm prepared for you Gold analytics. If we look at the chart, we can see how the price a not long time ago rebounded from the trend line and started to move up close this line. Soon, the price reached support 2, which coincided with the support zone, but firstly it rebounded below, after which XAU turned around and made impulse up, thereby breaking support 2. After the breakout, the price made a retest and then continued to move up to the next support level, which also coincided with one more support zone. When Gold reached this level, it even firstly entered to support zone, after which turned around and made correction. After this, the price made impulse up to 2430 points and soon made the correction, after which the price finally broke support 1 and continued to move up. But recently XAU fell to the trend line, where at the moment it continues to trades near. That's why I think Gold will decline to the support zone and then rebound up to 2420 points, breaking the trend line one more time. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
1
GBP/USD Recovery, Expected to Extend the Upward MomentumGBP/USD is rebounding towards the 1.2450 level in early Europe on Friday, after testing the 1.2400 mark. Looking at the chart, we can see an upward trend being established, with prices surpassing the simple moving averages (SMA), indicating the strength of the recovery. Additionally, the Relative Strength Index (RSI) is trading above the 50 level and is expected to reach 60, showing that the growth is being fueled and could develop strongly in the near future.
by Stephen_Anders
Chart Analysis: GBP/USD DowntrendGBP/USD is rebounding towards the level of 1.2450 in early Europe on Friday, after testing the level of 1.2400. The GBP/USD pair still maintains its weakness due to the deepening geopolitical tensions, particularly following Israel's attack on Iran. Looking at the chart, we can see that the price is still maintaining below the SMA line, despite the recovery effort, it faces resistance near the SMA 20 line. Furthermore, the Relative Strength Index (RSI) is trading below the 50 level, signaling that the price may continue its downward trend.
by Daisy_Anna
"EUR/USD Continues Decline Below 1.0640 Amid Fed CommentsIn Friday's Asian trading session, EUR/USD continued to decline below the 1.0640 level after reaching a peak near 1.0690 on the previous Thursday. Comments from officials at the Federal Reserve (Fed) provided some support for the US Dollar, driving down the EUR/USD pair. On the 4-hour chart, we observe that prices have tested all the SMA lines, indicating that the downward trend is gaining strength. This suggests that selling pressure is increasing in the market and the US Dollar is strengthening significantly against the Euro.
by Daisy_Anna
Gold Shows Signs of Recovery, Targets $2,400 MarkGold experienced a volatile session on Wednesday, dropping to $2,354 in the US trading session. Despite the price decrease, there are signs of a mild recovery. Expectations are high for gold to surpass the $2,400 mark. Based on technical analysis, the price is gradually recovering and heading upwards. If the price continues to rise and surpasses the 60 level, it could be predicted that the price will reach the psychological threshold of $2,400 and continue its upward momentum to the previously established peak of $2,431.
OANDA:XAUUSD
by Stephen_Anders
5
LTC/USDT 1DInterval ChartHello everyone, let's take a look at the LTC to USDT chart on a one-day time frame. As you can see, the price had a dynamic decline and a temporary descent below the upward trend line, but has now returned to the trend line level. Let's start by determining the support line and as you can see, the price dropped and quickly returned to support around the level of $77.74, then there is an important support level at $68, and then a very strong support level at $56. Looking the other way, you can see how strong the resistance level is again at $92.5, which may stop the price from rising again to the resistance zone from $102.5 to $115. Looking at the RSI indicator, we can see how we remain in a downward trend and the confirmation of a return to the downward trend, while the STOCH indicator bounced off the lower end of the range with room to give a greater increase in the current price rebound.
by cryptodailyuk
Seize the Crypto Momentum: Double Bottom Training for a Bright FAn exceptional opportunity looms on the horizon for the JUV cryptocurrency! The chart reveals a perfectly orchestrated Double Bottom formation, marking a potential bull turn. With the two troughs aligned, we hit a sturdy stand, indicating constant buying pressure. The recent rupture of the neck line, accompanied by an increase in volume, confirms the trend. This is the critical moment when previous resistances become supports, paving the way for soaring prices. By applying W amplitude measurements from the neck line, we project bold bullish targets.
Long
by ATheDay