ProTradeSignals

ProTradeSignals

Entry: 0.84018 SL: 0.84203 TP: 0.83700 Selling EURGBP looks favorable due to recent price action showing a rejection at a key resistance level , indicating potential exhaustion of bullish momentum. Technical indicators like the RSI are approaching overbought territory, suggesting a pullback is likely. The pair has also broken below a short-term ascending...

ProTradeSignals Updated 

Price is at resistance with bearish RSI divergence (overbought at 72.39) and a potential double top forming. Volume is declining, indicating weakening momentum. Stochastic Oscillator (14, 1, 3): The Stochastic is at 90.48, well into the overbought territory (above 80). This indicates that the price may be overextended and due for a pullback. Relative Strength...

ProTradeSignals

Gold (XAU/USD) currently trading at $3,118 has significantly outpaced Silver ( SILVER) at $34.07 since mid-March. This divergence has pushed the Gold/Silver ratio to elevated levels, creating a potential mean-reversion opportunity. Looking at the chart, both metals maintained strong correlation through January-February 2025 before Gold began its dramatic...

ProTradeSignals

GOLD SHORT SETUP: TARGETING $3,100 FROM OVERBOUGHT CONDITIONS Looking at the current Gold chart, we're seeing potential exhaustion signs near all-time highs. While the trend remains strongly bullish (all moving averages pointing up), several indicators suggest we may be due for a pullback to the $3,100 level. Key Observations Overbought RSI (77.09): The RSI is...

ProTradeSignals

EUR/GBP is currently consolidating between critical technical levels, with price action centered around 0.8360-0.8361. The pair recently bounced from support at 0.8346 but appears to be facing resistance at the 0.8367 level. The multiple EMA crossover zone (0.8346-0.8359) is creating a decision point for this pair. Recent price history shows a clear downtrend from...

ProTradeSignals

Based on the gold charts with the requested indicators (Bollinger Bands/MBB, VWAP with bands, and RSI 14), here's my analysis across the three timeframes: Buy at 3,025 SL: 3,021.50 TP 1: 3,029.50 TP 2: 3,035.00 Current price: 3,024.10 with slight negative movement (-0.02%, -0.655) 5-minute chart: Price is trading between the MBB (3,024.78) and lower...

ProTradeSignals

Pair: CAD/CHF Bias: Long 📈 (Short-term) Timeframe: Intraday (1H / 15M) CADCHF is showing signs of support at the 0.61600 level after recent selling pressure. This area aligns with prior structural support, indicating a potential bounce opportunity for a quick scalp trade. Trade Plan: Entry: 0.61600 Take Profit: 0.61800 (20 pips 🎯) Stop Loss: 0.61400 (20 pips...

ProTradeSignals

💡 Trade Rationale: 1️⃣ Technical Breakdown: 2940.110 is a key resistance level; rejection confirms downside potential. Price struggling to hold above 2950, signaling weakness. 2️⃣ Macro Factors: Stronger USD & bond yields keeping gold under pressure. Lower-than-expected CPI reducing gold’s safe-haven demand. 3️⃣ Market Sentiment: Bearish below 2940 with sellers...

ProTradeSignals

📉 GOLD/USD Short Trade Setup - Bearish Outlook (Higher Inflation Risk) 📉 🔴 Short Entry: 1910 🎯 Take Profit (TP): 1875 (First Target), 1850 (Extended Target) 🛑 Stop Loss (SL): 1930 --- 💡 Trade Rationale: 1️⃣ Macro Factors: Recent inflation data suggests higher-than-expected CPI, strengthening the USD and pressuring gold prices. Fed rate hike expectations...

ProTradeSignals

Resistance Breakdown: The gold market has shown signs of weakness, failing to breach the critical resistance level at $2040.10, suggesting a potential reversal in the upward trend. Technical Indicators: Key indicators such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) signal overbought conditions, supporting the...

ProTradeSignals

USD/JPY pair is showing a mixed sentiment with a focus on key support and resistance levels that could dictate its short-term direction - SELL.

ProTradeSignals

AUDCHF may be approaching a resistance level, with potential for a short opportunity as the pair seems locally overbought and could expect a price decline upon reaching a horizontal resistance​.

ProTradeSignals Updated 

Natural gas futures are declining due to warm weather forecasts indicating less demand for heating, leading to an oversupply. Prices fell as forecasts did not support a cold weather demand spike, with the March Nymex contract price dropping. Analysts suggest the market is trying to discourage production because of the low demand. The expectation for colder weather...

ProTradeSignals Updated 

GOLD exhibited a notable approach towards multiple crucial indicators, including the support level, channel border, and dynamic support, signifying a convergence of significant factors. This confluence suggests a potentially pivotal moment in the market's movement. Previous instances have seen the price testing this support level and subsequently experiencing a...

ProTradeSignals

The upcoming week in the USA is expected to be colder due to shifts in atmospheric patterns, which can bring colder air from the polar regions. This change follows a warmer period, driven by variations in the jet stream and atmospheric pressure systems. The colder weather will likely lead to an increase in natural gas consumption as households and businesses turn...

ProTradeSignals

During the early European session on Thursday, the price of gold (XAU/USD) relinquished its limited intraday recovery and slid toward the lower boundary of its daily trading range, hovering around the $1,820 level. Although the precious metal experienced a slight uptick following a minor dip in the US Dollar (USD) earlier in the day, it failed to sustain upward...

ProTradeSignals

Amidst the recent turbulence in the gold market, astute traders are on the lookout for signs of a potential trend reversal that could present a lucrative long trading opportunity. Gold, after hitting a 7-month low, may be poised for a turnaround. Here's a strategy to consider if you believe that a bullish reversal is on the horizon. Support Levels: Identify...

ProTradeSignals

Anticipating a bullish reversal in the gold market, consider a long trading opportunity with an entry point at $1825.97. Set your take profit (TP) level at $1876.32 to capitalize on potential gains, while managing risk with a stop loss (SL) at $1813.29. This strategy aims to benefit from an expected upswing in gold prices.