In the context of a 1-hour trading plan for XAU/USD, the current analysis suggests a potential correction towards an ideal support level at the 2168 mark. This correction is anticipated to serve as a pivotal point, offering an opportunity for traders to capitalize on the impending rebound. Following the correction, the price is expected to regain momentum,...
In last night's closing, XAUUSD reached a price of 2118, demonstrating a sharp increase in price over the past few weeks. The continued positive sentiment suggests a potential extension towards the price level of 2300. This significant price surge can be attributed to several factors. Firstly, ongoing concerns surrounding global economic stability have led...
At Friday's close, the price of XAU surged to a high of 2088. Currently, market sentiment indicates that traders are inclined to engage in selling actions within the price range of 2088-2099. Consequently, the most ideal target amidst this bearish sentiment is approximately 2016. This suggests a propensity to observe a decline in the price of gold from the...
At Friday's close, the price of XAU surged to a high of 2088. Currently, market sentiment indicates that traders are inclined to engage in selling actions within the price range of 2088-2099. Consequently, the most ideal target amidst this bearish sentiment is approximately 2016. This suggests a propensity to observe a decline in the price of gold from the...
The EUR/USD pair is currently hovering near the support level of 0.08190, indicating a potential area of buying interest. Despite recent fluctuations, the overall trend appears to be consolidating within a range, with the support level holding firm for the time being. The proximity of the current price to the support level suggests a possible bounce or reversal,...
Given the recent price movement of XAU, which has surged from 2032 to 2050 in a short period before currently settling at 2047, along with the sentiment indicating support at the 2030 level, it's essential to conduct a thorough analysis of this downward trend. Price Movement Analysis: The sudden surge in price from 2032 to 2050 followed by a slight retracement to...
In summary, the analysis underscores the importance of meticulous observation of price action around critical levels. The robust support at 2030 presents a pivotal juncture, offering traders an opportunity to capitalize on potential bullish momentum. However, a breach of this support zone might signify a shift in market sentiment, necessitating caution and...
The current price is at 0.952630. The pivot point is calculated as the average of the high, low, and closing prices from the previous trading period. In this case, the pivot point (P) is at 0.95332. Support levels are levels where the price is expected to find support as it falls. S1 and S2 are below the pivot point. The price being between S1 and S2 suggests...
The recent data from the Commodity Exchange Inc. as of February 20, 2024, presents a nuanced picture suggesting a potential downturn in gold prices. Non-commercial traders, primarily speculators, decreased their long positions by 2,587 contracts and increased short positions by 15,883 contracts, indicating a shift towards bearish sentiment among this segment of...
It appears there's a visible uptrend in price movement, along with a support level indicating a tendency for prices to rise from that point. Additionally, you've mentioned a resistance zone around 2027-2035. This resistance suggests an area where prices may struggle to move beyond. From what you've conveyed, it seems you anticipate that after surpassing the...
You can try: Open: 0.85515 TP : 0.85238 SL: 0.85700 As long as 0.85600 is a strong resistance, look for 0.85238. Goodluck fella$
The British pound showed signs of resilience as it edged higher against the US dollar, marking its first weekly gain since mid-January. This rise was underpinned by growing risk appetite and encouraging economic indicators, including strong growth in services firms and business optimism reaching a two-year high. Despite a slight setback in consumer sentiment, the...
At $2975, Ethereum (ETH) against the US Dollar (USD) appears to be experiencing oversold conditions, indicating a potential downward movement towards the $2257 level within a 1-day time frame. Technical analysis reveals signs of overextension in selling pressure, as evidenced by indicators such as the Relative Strength Index (RSI) and Moving Average Convergence...
Gold remained steady at $2,025 per ounce on Thursday, holding its ground after recording gains for five consecutive sessions. Investors took a measured approach in gauging the timing of potential monetary easing by the Federal Reserve, especially in light of recent economic indicators. The unexpected drop in initial jobless claims in the US to a five-week low...
The presence of resistance at the price level of 3038 suggests a notable barrier in the XAUUSD market. This resistance implies a potential reversal in market sentiment, with indications pointing towards a downward movement. Consequently, there exists a likelihood that market dynamics could drive the price towards the support level at 2020. This analysis...
Presently, XAUUSD demonstrates a tendency towards an upward trajectory, with key indicators signaling an uptrend in the market sentiment. The current price stands at 2026.6, and there is mounting pressure suggesting a bullish momentum, potentially leading to a breach of resistance at a secure level of 2034. With the combined signals from the Stoch RSI and...
As of the current market scenario, XAUUSD is positioned at the 2024 level. The Stochastic Relative Strength Index (Stoch RSI) and Supertrend indicators have both identified resistance at this particular price point. Consequently, there exists a prevailing indication that the market potential is inclined towards a downward trajectory, possibly leading the price to...
Recent observations indicate that USOIL has reached a crucial resistance level at $78.16. Conducting a thorough analysis, particularly focusing on the 1-hour chart, suggests a potential downturn towards the support level at $76.60. The attainment of the $78.16 resistance level signals a critical juncture in the price action of USOIL. Historically, this level has...