


Despite the continued decline and stabilisation below the rejection level of 126.31, an upward correction toward approximately 139.40 is anticipated. However, given the market volatility, the price may briefly touch a downtrend before reversing. Overall, the prevailing trend remains bearish, with a target toward the support zone. Bearish target: 110.60, 92.08,...
Stock futures ticked higher early Wednesday after President Donald Trump’s 25% tariffs on steel and aluminum exports to the U.S. took effect. Investors also awaited a consumer inflation report due today. The Technical Analysis The price continues to consolidate below the significant rejection level, reinforcing the likelihood of a stronger bearish trend, as...
Things just got messier. As of today, the U.S. slapped a 25% tariff on all steel and aluminum imports, hitting Canada, Mexico, South Korea, and others. This means higher costs, more inflation, and growing tensions. On top of that, Gold held steady on Wednesday ahead of a key U.S. inflation data that could help gauge the Federal Reserve’s interest rate path amid...
The price declined as anticipated in my previous analysis and has stabilized below the 2,004 level, which is a significant resistance level. Currently, the price is experiencing buyer pressure, prompting a corrective movement toward the 2,004 level. However, upon completing this correction, the price is expected to decline again. This suggests that after the...
The price fell yesterday, as we mentioned in my previous idea, and then today, the gold rose on a weak dollar and safe-haven demand as investors awaited inflation data to assess the Federal Reserve’s policy path amid fears of simmering trade tensions and slowing economic growth following U.S. President Donald Trump’s tariffs. As long as the price trades below...
The price touched the pivot line, reversed, and was unable to break it. Therefore, we expect the price to rise towards 21,309 or potentially continue its correction towards 22,814, before facing a sharp decline to break the pivot line and eventually reach 17,104. The bullish trend remains active above 22,814, especially if it rises above 25,085. Bearish...
Yesterday, the Nasdaq 100 Index experienced a significant decline breaking the strong rejecation level, dropping 3.8%—its largest single-day fall since October 2022. This sharp downturn erased over $1 trillion in market value at its lowest point. The broader Nasdaq Composite Index also fell 4% on the same day. The decline was largely driven by substantial losses...
The price has broken below the 82K level, initiating a bearish trend. We anticipate that the price will move into a new bearish zone, falling from 82K toward 80K. At the 80K level, a correction is expected before an attempt to break below it. If the price drops below this level, further decline toward 75K is likely. Additionally, the possibility of another...
Gold prices are currently trading within a consolidation range on the 4-hour chart, fluctuating between support at approximately $2,893 and resistance around $2,923. This range-bound movement indicates that traders are awaiting a decisive breakout to establish the next significant price direction. We anticipate that the price will rise to test the 2,923 level or...
Hi NASDAQ is currently above an important support zone. However, there is a chance that this zone might break today. If that happens, the price could drop to a strong rejection level below. How the price reacts there will be key in deciding whether NASDAQ falls further or bounces back up. If the price stays above the support zone, it could help push it higher...
As previously analyzed , the price encountered the rejection level, reversed, and traded above the support zone. The bullish trend remains active despite originating from a bearish zone. Currently, the price is trading below the 20,110 level. This level is likely to prompt a brief correction before initiating attempts to break and establish stability above it. A...
Gold inched lower on Friday on some profit-taking, but was on track for a weekly rise as uncertainty around U.S. President Donald Trump’s tariff plans firmed demand, while investors awaited U.S. non-farm payrolls data. From a technical standpoint, gold is expected to reject the 2923 level and move toward 2893 as part of a corrective phase. The sustained movement...
The price has remained stable below the 2361 resistance zone, reinforcing the continuation of the bearish trend. After an upward movement from the support zone, the price reached the 2361 level, which served as a temporary barrier. Consequently, bearish momentum is anticipated to resume, potentially leading to another attempt to breach the strong support level at...
After experiencing a sharp decline, the price rebounded within the support zone on Wednesday and has since traded above this level. If the price successfully closes a four-hour candle above this zone, it is likely to continue trading higher. In this scenario, I anticipate an upward movement toward the resistance area. Upon reaching this resistance zone, its...
The US NAS100 price Fell. The declines come after the White House said Wednesday that it would grant a one-month delay for tariffs on automakers whose cars comply with the United States-Mexico-Canada Agreement. This fueled traders’ hopes that Trump could provide further exemptions, lifting the major averages on Wednesday. The price declined as anticipated and has...
Gold futures declined on Thursday, ending a three-day winning streak after the White House postponed car import tariffs, easing investor concerns. Markets now await the European Central Bank's interest rate decision and U.S. unemployment claims data, which could influence the U.S. dollar and, in turn, gold prices. Currently, the price is undergoing a correction...
The price has broken above the 2905 resistance level and is now consolidating, similar to what happened between February 25 and 27 in the same area. This suggests that the market is gathering strength before its next move. We can define a key zone between 2906 and 2918, where price movement is crucial. A breakout from either of these levels will determine the next...
The price may reach 2.5085 as a corrective movement before resuming its decline, aiming to break through the consolidation zone by surpassing the bearish target at 2.7814, ultimately reaching the second target at 1.9603. Bearish target: 2.7814. 1.9603. 1.5726 A sustained trade above the consolidation zone could lead to an upward movement, with the first target...