Mihai_Iacob

Mihai_Iacob

Gold remains highly volatile. After last week's sharp drop of approximately 1,500 pips from top to bottom, the price rebounded significantly this week, recovering around 1,000 pips. Despite finding a potential bottom at 2,537, the price is expected to encounter strong resistance at 2,680. I’m considering selling in that resistance zone, targeting a potential...

Mihai_Iacob

The U.S. presidential election has sparked optimism also in the stock market, with the technology index rising by 1,000 points. Following this new all-time high, the Nasdaq 100 ( PEPPERSTONE:NAS100 ) is now consolidating just below that level. This consolidation is taking the shape of a flag pattern, which could signal potential for further upward movement. A...

Mihai_Iacob

When markets show strong trends, especially bullish ones, it’s easy to feel reassured that prices will keep going up. This was what we saw in the gold market in October , where traders are confident and optimistic about continued upward movement. Yet this very confidence can mask a significant risk for traders: the risk of complacency. What is Complacency...

Mihai_Iacob

At the beginning of the month, GBP/USD made several unsuccessful attempts to reclaim the 1.30 level. Following these attempts, the pair saw a strong decline and is now trading below 1.27. However, GBP/USD is approaching a crucial point on the chart, and a potential reversal may be imminent. As shown in the posted chart, this zone is shaped by three key factors:...

Mihai_Iacob

Today, I was analyzing the charts, trying to determine whether a recession might be on the horizon, as the levels at which the U.S. indices are trading don’t seem sustainable to me at all. While scanning through various global indices— including the DAX, which I believe has already peaked —I also looked at copper as a leading indicator. This led me to the idea...

Mihai_Iacob

Dogecoin has held support perfectly at the former resistance levels from August and October 2021. After a much-needed correction, it has started to consolidate, with the range narrowing into a symmetrical triangle. The target for this pattern is 0.5, and as long as yesterday's low remains intact, the coin’s outlook remains extremely bullish.

Mihai_Iacob

After reaching a new all-time high at 3.3, SUI corrected and established a solid floor just below 3 USD. Today, the coin made a strong reversal from this low and appears poised for another move up. The next target could be above 4 USD.

Mihai_Iacob

Chainlink is a coin I like, mainly because it holds levels well. I expect this to continue, and after the recent break and retest, I anticipate BINANCE:LINKUSDT will rise toward 20. The ideal buying point is 12.80.

Mihai_Iacob Updated 

In my previous BTC analysis, I mentioned my belief that Trump would win the election, potentially driving BITSTAMP:BTCUSD to a new all-time high. However, I don’t expect this surge to lead to a sustained bull market. Instead, I anticipate this to be an emotional reaction, with prices likely falling after a few days. Now, with BTC trading above $80,000, I’m...

Mihai_Iacob

Since mid-August, the German index has risen nicely, gaining 2,000 points, or around 10%. However, at the end of October, the GER30 broke below its rising trendline, suggesting a potential top. Currently, the price is consolidating within a range, and a break below 19,000 could indicate a future decline. Key support levels are at 18,300, followed by 17,300. If...

Mihai_Iacob

As you know, I’ve been bullish on the DXY and have anticipated a reversal since the now-confirmed bottom just above 100. With the price now above 106, however, I believe USD bulls should start exercising caution. There’s a very strong resistance zone ahead, ranging from 106.20 to 106.50, with another important level just above 107. In my view, a correction is...

Mihai_Iacob

As I explained in my previous analysis, I anticipated a correction in BITSTAMP:BTCUSD and decided to sell against this strong uptrend. With some luck, I’m still in the trade (though currently at a loss). At this point, however—unlike when I impulsively sold—we have some real data to analyze. :) After the first all-time high just below 90, yesterday we saw...

Mihai_Iacob

Silver has also experienced a sharp decline, falling nearly 5,000 pips from its recent multi-year high around $35. However, unlike OANDA:XAUUSD , we saw a reversal pattern in OANDA:XAGUSD yesterday with a Pin Bar that aligns well with technical support just above the psychological level of $30. As I’ve mentioned before, Silver often serves as a leading...

Mihai_Iacob

Trading OANDA:XAUUSD has been nothing short of a roller coaster since early October. Initially, it seemed like the rally might never end, but now the drop is unfolding in a similar manner. Although I anticipated a strong decline, I’ll admit that I didn’t expect it to be quite this steep. Gold has now fallen 2,000 pips from its all-time high, and to me, it’s...

Mihai_Iacob Updated 

Gold began the week on a weak note, with its price dropping by around 200 pips from peak to trough. However, as I mentioned in my Friday analysis, a potential bottom may be forming, giving bulls hope for a recovery. Currently, Gold is trading precisely within a former resistance zone that now acts as support. As long as this level holds, there is a favorable...

Mihai_Iacob

In crypto trading, most traders focus on price, but this approach can be misleading—especially since most coins and tokens, except Bitcoin (BTC), are inflationary. In my view, market capitalization (market cap) is a more critical metric and should play a significant role in our analysis. For Solana, recent optimism in the market pushed its market cap to an...

Mihai_Iacob

In my recent analyses, I warned that a significant correction in Gold prices was inevitable. True to this prediction, the election of Donald Trump triggered a sharp 1,000-pip drop in Gold's value. However, yesterday, the market rebounded strongly, recovering 700 pips from that initial decline. The big question now is whether this correction has run its course....

Mihai_Iacob Updated 

Over the past 10 days, I’ve consistently noted that OANDA:XAUUSD is primed for a significant drop, especially after its 2,000-pip gain over 20 days. A strong correction is both healthy and expected. Yesterday, after a brief new all-time high, Gold dropped sharply, declining roughly 600 pips from top to bottom. Despite this correction, I believe there’s more...