Bentradegold

Bentradegold Updated 

Hello all traders! Double top pattern has formed on H1 chart as clearly setup And now focus on Short targeting expected target $2624. Good luck!

Bentradegold Updated 

Dear traders! USDJPY is currently maintaining a fairly steady uptrend, hovering around 147.64 despite a slight 0.34% adjustment downwards during the day. In my personal view, this correction is largely due to the pair encountering the upper boundary of the short-term rising channel. However, upon closer inspection, technical factors such as the rising wedge and...

Bentradegold

Today, GBP/USD continues its upward trend and is trading around 1.312 by the end of the session. Overall, the pair is approaching a key support level, and the EMA 34 and EMA 89 lines have not yet reversed, indicating that bullish momentum may still be in play. The recent price pullback seems more like a test rather than a confirmed reversal. However, we must not...

Bentradegold Updated 

Hello everyone, Currently, USDJPY continues its strong upward momentum, trading steadily around the high level of 146.70, up 0.19% on the day. From a technical analysis perspective, USDJPY is forming an Elliott Wave 5 pattern, with the first three waves already completed (currently in wave 4). Ben expects the support level around 145.77, aligning with the 0.618...

Bentradegold

Hello everyone! Currently, gold is hovering around the $2,658 mark in early trading, showing a slight recovery after its price correction from $2,640 late yesterday. On the technical chart, gold continues to maintain a strong uptrend within a parallel wedge pattern, with the convergence of the 34 and 89 EMAs signaling further upward potential. A solid support...

Bentradegold Updated 

Hello, dear traders! In my view, the recent rally in gold is mainly due to expectations of lower US interest rates and the growing demand for safe havens amid geopolitical uncertainty. Currently, gold is trading around $2,660, down -0.14% on the day. However, I believe that the overall bullish trend remains intact. Looking at the 4-hour chart, I can see that...

Bentradegold

Hello everyone! What do you expect from the gold price today, let's discuss today's strategy? Yesterday XAUUSD did not change much compared to yesterday's trading session, fluctuating around $2656, down 0.1% due to lack of new bullish momentum. Although it is under some short-term pressure due to the strength of the USD, the situation in the Middle East is...

Bentradegold Updated 

Ben, hello everyone! Let's dive into today's USDJPY analysis with Ben! USDJPY is in an uptrend today, currently trading at 143.95, up 0.29% on the day. With USDJPY continuing to trade steadily at this positive level, the resistance level of 144.50 will be set as a short-term target, before potentially reacting and testing the price level of 143.00, forming a...

Bentradegold

Dear friends, XAUUSD continues to gain some recovery momentum as it has reclaimed 2625, but the main trend and the long-term trend are still moving in a bearish direction from the head and shoulders perspective. In the short term, the price is approaching 2650 and XAUUSD is approaching the neckline limit. And the bearish pattern is expected to continue to...

Bentradegold Updated 

Gold extended its decline after hitting a record high, currently trading around $2,650. However, the precious metal remains in an uptrend on a short, medium and long-term basis, and since the basic principle of technical analysis is that “the trend is your friend”, the odds are in favor of further upside for the yellow metal. Support levels to watch are: 2,650 -...