TradeWithTheTrend3344

TradeWithTheTrend3344 Updated 

Hello Everyone, The AUD/USD recently tested its daily (0.66781), weekly (0.66472), and monthly (0.66406) lows, with a potential retest of the monthly support at 0.662164 before any significant upward movement. It is advisable to exercise patience and observe how the price evolves before considering a long position. The inclusion of yearly and monthly pivot points...

TradeWithTheTrend3344 Updated 

Hello Everyone, The NAS100 has recently achieved a yearly high at 1699.36, indicating potential for further bullish growth. It is crucial to monitor its interaction with the 1-day Pivot Point (PP), as this level could either act as a supportive base or resistance. In the long term, a sustained and confident position above 16820.097 is what we seek to confirm...

TradeWithTheTrend3344

Hello Everyone, The SPX500 is currently hovering dangerously close to its one-year high at 4805.72, with the recent one-month low recorded at 4667.71. Presently, the market appears to be overbought, signaling a potential for a short-term bearish movement or sideways action. Despite this, a thorough analysis across various time intervals reveals a consistently...

TradeWithTheTrend3344

Hello Everyone, The current ETH/USD situation places it in proximity to a significant monthly resistance level at 2502.313 and close to the weekly Pivot Point at 2487.897. There is a strong possibility of a retest of the monthly Pivot Point at 2258.437. A decisive establishment below 2487.897 could signal a higher likelihood of testing the 1M Pivot Point at...

TradeWithTheTrend3344

Hello Everyone, The lowest point for BTC/USD in the past month was recorded at 40508.01, and there are indications of a potential retest before a sustained upward movement, with the possibility of extending to 38228.098 until it reaches a solid monthly support level. The overall trend is bullish on higher timeframes as anticipated, while on lower timeframes, it...

TradeWithTheTrend3344 Updated 

Hello Everyone, This week promises to be particularly intriguing in terms of price dynamics, with expectations of the USD gaining momentum, despite a growing trend among investors to divest from assets linked to the USD. The drop in the XAU/USD analysis is a safety precaution, with the possibility of an earlier upward turn. Currently, XAU/USD is encountering...

TradeWithTheTrend3344 Updated 

Hello Everyone, Over the past week, there has been a decrease of -0.84% in XAU/USD, but the one-day performance remains positive at +0.10%. Looking at the broader picture, the one-month performance shows an increase of +0.99%, and the three-month performance indicates a substantial rise of +11.60%. Despite these fluctuations, it's noteworthy that XAU/USD appears...

TradeWithTheTrend3344 Updated 

Hi Everyone, I hope everyone had a satisfactory Christmas, and I extend my best wishes for a smooth transition into the new year! Currently, the weekly low is positioned at 2053.53, and the monthly low is at 1973.15. Examining the daily support structure, we observe robust support at 2053.763, while the weekly support is notably strong at 2043.338. Make sure to...

TradeWithTheTrend3344 Updated 

Hello Everyone, Wishing everyone Happy Holidays! Consider this analysis my gift to the trading community, and let's maintain this positive momentum to close out the year on a strong note. However, it's crucial to exercise caution, given the expected high volatility in the remaining days of 2023. I will consistently provide updates on noteworthy shifts in...

TradeWithTheTrend3344 Updated 

Hello Everyone, The current inquiry revolves around whether there will be a continued decline or an immediate upturn. Rather than attempting to forecast short-term shifts, it is advisable to focus on pivotal points (PP) and respond accordingly. The 1-hour PP at 2019.08 is a crucial level where the trajectory of prices may alter. The initial PP to undergo...

TradeWithTheTrend3344 Updated 

Hello Everyone, On Friday, just before the market closed, we witnessed a daily and weekly low at 1994.71, with our monthly low recorded at 1931.775. The key for XAU/USD is to sustain a stable position above 2006.693, signaling potential upside. Conversely, a comfortable descent below this level could indicate further downside. Currently, gold appears to be a...

TradeWithTheTrend3344 Updated 

Hello everyone, Currently, we find ourselves near the yearly resistance point at 2074.456. If we successfully break above and maintain a confident stance beyond this level, it could pave the way for further upside. As we navigate this new range, characterized by a scarcity of available data, it's a good time to discuss the broader topic of trends and their...

TradeWithTheTrend3344 Updated 

Hello Everyone, This week, a more cautious strategy is required. We've revised our analysis, indicating that the sole circumstance under which we'd consider a confident long position in the coming days is if the criteria above 2003 are met. Conversely, we'll exercise patience to enter the market at a discounted price, waiting for a clear bottoming-out signal....

TradeWithTheTrend3344 Updated 

Hi Everyone, In light of current market conditions, we have adjusted the support levels accordingly. Notably, with tomorrow being a bank holiday, it's advisable to anticipate potentially radical price movements in response to the reduced trading activity. Please be prepared for increased volatility and consider adjusting your strategies accordingly. If you have...

TradeWithTheTrend3344 Updated 

Hi Everyone, Lets closely monitor the market dynamics, particularly the crucial support levels. If the price successfully breaks the last support barrier at 1963.902, attention should shift to the next weekly support around 1933.423. On the flip side, a promising scenario emerges if the price crosses and securely holds above 2002.059, potentially unlocking upward...

TradeWithTheTrend3344 Updated 

Hello Everyone, The trajectory of gold prices (XAU/USD) is poised for a second consecutive week of decline, primarily influenced by the recent statements and guidance from Federal Reserve Chairman Jerome Powell. Powell's expressed support for a more restrictive monetary policy has cast a shadow on the precious metal's performance. He remains unconvinced that the...

TradeWithTheTrend3344 Updated 

Hello Everyone, Anticipating a bullish scenario, when the price successfully breaches and locks above 1952.407, several factors come into play: 1. Breakout Signal: Crossing this resistance level signals a potential breakout, indicating that buying pressure has overcome prior obstacles. 2. Momentum and Confidence: It boosts investor confidence, attracting more...

TradeWithTheTrend3344 Updated 

Hello Everyone, The gold market has found itself in a protracted consolidation phase, a pattern reminiscent of historical market behavior. Within this context, a significant milestone to watch for is the sustained trading above the critical level of 2005.331. This level represents a crucial pivot point, and once gold convincingly breaches and establishes itself...