Veda_Solomon

Veda_Solomon

⏰ Trading is an art, but how much time is enough? Managing time effectively is critical for success in the fast-paced world of trading. Instead of sitting for hours staring at charts, understanding how to spend your trading hours wisely can help you improve efficiency and maintain a healthy balance in life. So, how much time should traders really spend trading...

Veda_Solomon Updated 

Gold is trading at $2,657.33, gaining +0.75% intraday, but remains confined within a clear descending channel, reflecting sustained medium-term bearish momentum. The recent upward move is likely a corrective rally, with price action now approaching a decisive resistance zone. The $2,680–$2,700 resistance level is critical. A failure to break above this zone would...

Veda_Solomon

The USD/JPY pair is currently trading at 151.636, marking a modest gain of +0.06%. The price remains within a descending channel, signaling medium-term bearish momentum. Recent movements suggest the pair is approaching a key resistance zone that could determine its next significant move. The 153.00–153.50 range serves as a critical resistance level. A rejection...

Veda_Solomon Updated 

Today, global gold prices are trading around $2,625.03 per ounce, reflecting a modest increase of 0.14% (approximately $3.76) in the past 24 hours. This rebound follows a recent decline that saw gold drop to its lowest level in over a week, pressured by the dollar's earlier strength and concerns over inflation dynamics. The current uptick in gold prices is...

Veda_Solomon

To capitalize on the bearish trend in EUR/USD, consider the following sell setup: Entry Point: Look for a retest of the resistance zone around 1.07090. This level has consistently rejected price advances, offering a strong entry for short positions. Stop Loss: Place your stop loss slightly above the resistance zone, around 1.07300, to limit potential losses in...

Veda_Solomon

Gold’s price action today highlights a pivotal moment as it trades at $2,638, up +0.21%. After a period of upward momentum, the precious metal is now forming a descending triangle pattern, suggesting a significant move may be on the horizon. This pattern, often associated with continuation or reversal scenarios, has captured the attention of traders worldwide. ...

Veda_Solomon Updated 

The GBP/USD pair continues its descent, currently trading near 1.2543. The recent breakdown from the ascending channel highlights persistent selling pressure, with the pair aiming for the critical support zone at 1.2336. This level will be key in determining whether further declines are imminent or a short-term bounce could occur. The failed attempt to reclaim...

Veda_Solomon Updated 

Gold is trading near $2,625 per ounce, consolidating below the key resistance of $2,654. While geopolitical tensions support demand, a strong U.S. dollar and rising bond yields limit upward momentum. The $2,584 support level is critical; a break below may push prices toward $2,484, while a move above $2,654 could target $2,680. Traders should watch for a breakout...

Veda_Solomon

The EUR/USD pair continues its downward trajectory, currently trading around 1.0477, reflecting a prolonged bearish trend. Despite intermittent retracements, the pair faces significant resistance zones near 1.0722 and 1.0841, which it has failed to breach convincingly. The selling pressure stems from a stronger US Dollar backed by rising Treasury yields and...

Veda_Solomon

The GBP/USD pair is trading around 1.2557, maintaining its downward trajectory as it fails to reclaim the resistance level at 1.2592. The pair continues to face selling pressure, with the prevailing downtrend keeping momentum in favor of the bears. Immediate focus now shifts to the critical support zone near 1.2500, where some temporary buying interest may...

Veda_Solomon Updated 

Last week, gold posted an impressive gain of over $150 per ounce, recovering strongly across all trading sessions. This remarkable performance highlights the unwavering confidence of investors in the precious metal, particularly during times of economic and geopolitical turmoil. From a personal perspective, gold's upward momentum is expected to remain supported...

Veda_Solomon Updated 

EUR/USD remains under significant bearish pressure, currently trading around 1.0478. The pair's recovery attempts are capped by the key resistance zone at 1.0498–1.0521, providing a potential entry point for short positions. The current structure favors a continuation of the downtrend. A rejection from the 1.0498–1.0521 zone could signal a move lower, targeting...

Veda_Solomon Updated 

Global gold prices have rallied for the fifth consecutive session, surging by over $170 this week alone, driven by strong safe-haven demand. By the close of trading on November 22, spot gold soared by $47, settling at $2,716/ounce. This marks the first time in two weeks that gold has climbed above the critical $2,700 level, as safe-haven flows outweighed the...

Veda_Solomon

The Japanese Yen is struggling to capitalize on the boost from rising domestic inflation. Uncertainty surrounding the Bank of Japan's (BoJ) interest rate hikes, combined with an optimistic market sentiment and soaring US Treasury yields, has kept JPY under pressure. Meanwhile, the US Dollar continues its dominance, hitting a new yearly high and providing further...

Veda_Solomon

GBP/USD is currently trading around 1.2564, extending its bearish trend after breaking below a long-term ascending channel. The price is consolidating below the resistance zone at 1.2685, which previously served as a support level, now turned resistance. This area is critical as it aligns with the recent breakdown structure. If GBP/USD retests the 1.2685 level...

Veda_Solomon Updated 

EUR/USD is trading around 1.0469, r1.0510-1.0540, which If the price retests the resistance zone but fails to break above, a bearish continuation could follow. Initial targets lie at *1.0440, wi1.0400 a Traders should monitor price action closely at the resistance zone. Short positions could be considered near 1.0510-1.0540, with stop-loss levels set above...

Veda_Solomon Updated 

Spot gold rose by $21.1 to $2,669.5/ounce, while gold futures climbed $23.5 to $2,672.5/ounce. This marks the fourth consecutive session of gains, reaching its highest level in over a week, driven by strong safe-haven demand. Key drivers include Nvidia's gloomy revenue forecast, escalating tensions between Russia and Ukraine, and the U.S. veto of a UN Security...

Veda_Solomon Updated 

The EUR/USD pair remains under selling pressure as it hovers near the 1.0550 level, unable to break free from its bearish trajectory. The chart reveals a clear head-and-shoulders pattern, indicating potential downward movement. The pair recently tested the support zone around 1.0530, and while minor recoveries have occurred, they have been capped by the resistance...