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Gold's bullish momentum is encountering strong resistance at the 2938–2943 zone, signaling a potential short-term trend break. A failure to hold within the rising channel could trigger a pullback towards the short-term target at 2927, with deeper mid-term targets at 2918 and 2909. RSI is showing weakening momentum—will bears take control? Watch for confirmation!

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Bearish Divergence & Resistance Rejection Price is reaching the strong resistance zone (2936 - 2940), near the ATH (2942.710). RSI shows bearish divergence, signaling potential weakness in momentum. A rejection from this resistance zone could trigger a short-term pullback. Possible Short Entry : Upon confirmation of rejection (e.g., bearish engulfing,...

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🚀 Key Market Insight: Solana ( BINANCE:SOLUSDT ) is testing a high-stakes demand zone at $156-$162, aligning with major trendline support and previous liquidity grabs. This level will dictate the next big move—a strong bounce could fuel a rally, while a breakdown may trigger a deeper correction. 🛑 Key Levels to Watch: ✅ Support Zone: $156-$162 – Holding...

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Technical Analysis Gold is trading at $2,719, approaching a critical resistance level at $2,735 (Fib 0.786). A breakout above this resistance could pave the way for further upside toward $2,743 and $2,758, marking significant levels for long-term trend continuation. On the daily chart, the price has held firmly above the 50-day SMA, supported by a bullish RSI,...

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Gold was on a downtrend, but now, following the break of this downtrend line and considering the bearish trend of the dollar index and important news today, we could expect a bullish move towards 2400 - 2417. 📈

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Gold was under a downtrend that it broke. Now we can expect a pullback to the support range and continue the uptrend towards targets 2352 ~ 2358.

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After breaking a key support at 105, we can expect a decline to 103.9 for the Dollar Index.

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Ethereum has reached a resistance range and is still moving under a downward trend. Considering the failure to break this resistance, we expect a price decrease towards 3000 and even lower towards 2900.

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Bitcoin was in a downtrend, but after breaking the downtrend with resistance at 64000, it hasn't been able to break the resistance yet. As long as this resistance is not broken, the trend is towards a downward movement to around 60000.

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Gold is currently moving above an uptrend line and has broken a bearish triangle pattern, indicating its intention to continue the uptrend. As long as the uptrend line holds, gold is heading towards 2360. However, if the uptrend line is broken, we can expect a price decline towards 2260.

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EURUSD is moving above an ascending trendline on the 4-hour timeframe and currently retesting this trendline. Considering the situation of the Dollar index and the possibility of a downward movement in the Dollar index, we can expect a bullish move from this range. 📈💶

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Considering the status of gold, which was moving in a long-term uptrend line and now that trend line has been broken, we should expect a significant price decrease from it.

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Gold couldn't break through the resistance at 2390 yesterday and experienced a price drop down to 2360. Today, gold is moving back towards the 2390 resistance; if it fails to break through, we can expect further price decline to 2340. Otherwise, if the resistance is broken, we anticipate touching prices between 2403 - 2415. Resistance Range: 2395 - 2400 Support...

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The fear and anxiety prevailing in the global community regarding the next stage of tensions between Iran and Israel have led to cautious and conservative performance regarding the yellow metal. Since our last analysis on April 10th, Gold has only managed to touch the first upside target of 2410.73 weakly twice, with the second time being today after reports of...

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After reaching its important price range, the Dollar Index experienced a downward movement. It seems that after a retest of the price range of 105.86 - 106, it will start its downward movement towards 105.1.

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Given the current strength of gold and the break of resistance at 2390, it is expected that gold can make a good upward move with targets at 2410 and 2425. 🌟

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US Labor Market Data Preview - Friday, April 5, 2024 To analyze the market's reaction to today's NFP data, it's crucial to review past market events. The Federal Reserve needs two conditions to ease interest rates: 1) Continued downtrend in inflation 2) Weakening labor market. Therefore, today's NFP data is the most critical news release. Previous NFP...

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Given the strong uptrend of gold and breaking the resistance at 2350, we can expect the next price ceiling to be in the range of 2370 - 2375, and gold to move towards this range. Key resistances: 2350 2370 - 2375 Key supports: 2325 - 2330 2300 - 2305 Fundamental: Wall Street Awaits Earnings Reports, Oil Eyes Global Demand, CPI and Central Bank Meetings in...