Analysis of the gold trend in the Asia-Europe session on 14/08/2024: After forming a double bottom pattern at 2380, gold experienced a nearly 100-point increase. Yesterday, the PPI did not help gold break through the resistance zone of 2473-2475. If gold breaks the area of 2458-2460, it will officially confirm the double top pattern. However, today's CPI is...
OILUSD forecast on August 13, 2024: WTI oil is under pressure from the war and DXY is decreasing. Currently, the oil price has risen from the $71 region back to the $80 area. It is likely that oil will experience a correction before continuing its upward trend. The trading trend today is BUY. Key levels to watch are: 76.5, 78, 80, and 82. Recommended orders:...
Analysis of the European - US session on August 13, 2024: On the second day, we have seen a strong increase in all sessions. Gold has approached the old peak area. Today's CPI news will determine whether a triple peak pattern will form and whether there will be a deep correction. A reversal creating a peak has appeared on H4. The trading trend today is mainly...
BTCUSD analysis on 12/08/2024: BTCUSD is showing an upward trend after a correction to around 49000. BTCUSD did not have a deep correction as expected, but it is currently a good trading opportunity. The current trend for BTCUSD is LONG. Key price levels to note: 56000 - 56700; 55000 - 55200; and 53000 - 53200. Recommended orders: Plan 1: LONG BTCUSD zone...
BTCUSD analysis on 12/08/2024: BTCUSD is showing an upward trend after a correction to around 49000. BTCUSD did not have a deep correction as expected, but it is currently a good trading opportunity. The current trend for BTCUSD is LONG. Key price levels to note: 56000 - 56700; 55000 - 55200; and 53000 - 53200. Recommended orders: Plan 1: LONG BTCUSD zone...
Asia-Europe session analysis on 12/08/2024: Gold forms a double bottom at 238x and experienced a rebound last week. Currently, gold is rising in the short term; however, technically, gold is expected to correct deeply in the near future. The main trading trend for today is BUY. Key price levels to watch: 2400-2405; 2407-2411 and 2455-2460. Resistance zone at...
Expectations for the US session on 8/8/2024: The Asia-Europe session is mainly sideways in the 2392-2400 area. This is a sign of accumulation awaiting the US July Unemployment Rate. In terms of technical analysis: the downward trend correction is still being maintained, a recovery from the 2380 area could form peaks in the 2410-2413 or 2427-2434 areas. Price...
Gold market analysis for the US session on August 7, 2024: Gold has formed a deep correction downtrend. This is an opportunity for us to make some good entries for long-term positions. Currently, gold has completed corrections from the m15 - H4 timeframe; a correction phase is seen at the D timeframe. Key levels to watch are: 2408 - 2412, 2424 - 2427, and...
Gold on Monday (8/5/2024) experienced a 1000pip drop, reflecting the common sentiment when the market takes profit and creates a downtrend. Today's Asia-Europe session may see a slight recovery before continuing the drop. The predominant trading trend today is SELL. Key price levels to watch are: 2426-2434 and 2350-2355. Recommended orders: Plan 1: SELL...
Long-term BTCUSD analysis: The drop from the peak of 70000 shows us a new profit-taking zone for Bitcoin. Currently, the selling pressure is still very strong, which also presents a long-term opportunity for holding BTCUSD and Bitcoin. The short-term trading trend remains SELL. Key price ranges to note are: 46000-48000 and 37000-42000. It is predicted that...
XAUUSD analysis on 05/08/2024: Gold's plunge on Friday, August 2, 2024, from the 2478 zone to 2410-2413 as we predicted. Gold is still expected to correct but without breaking the long-term uptrend structure. Predicting gold could reach the 2800 milestone is entirely possible. Key price zones to watch: 2463-2470, 2390-2396, and 2370-2377. Recommended orders:...
Assessment of the European - American session trend on August 2, 2024: In the Asian session, there was a double peak sweep in gold, affecting our trading plan significantly. The trading trend in the European-American session is still BUY. Today is the 6th day of the W candlestick pattern, with many news events strongly impacting the market. There are two...
BTCUSD long-term analysis: After establishing a new peak at 70000; BTCUSD has dropped sharply to the previous support area of 63500, where a correction towards 64800-65000 is occurring before continuing the downward trend. There is a high possibility that BTCUSD will form a bottom around 61000-61500 and move back up. Recommended orders: Plan 1: SELL BTCUSD...
After breaking through the resistance zone of 2430-2433, the current gold price is forming a peak around 245x, with the breakout at 2386 giving gold an upward momentum again. The market is very difficult to trade, and the trading trend for the Europe - US session is BUY. Key price areas to watch are 2428-2432 and 2390-2400. If the price fills this liquidity...
Asia-Europe session analysis on July 31, 2024: The news of war has broken the downtrend on the M30 timeframe, indicating a high probability that prices will reach the liquidity zone of 30-33 and then experience a slight decrease before continuing the upward trend. However, on the H4 timeframe, closing and maintaining prices above the 2440-2445 zone is necessary...
US market review on July 30, 2024: The Asia-Europe session today did not see much change due to the sentiment awaiting JOLTs and CB Consumer Confidence news. We have made a SELL Scalp in the Asia-Europe session. The trading trend mainly remains SELL in the US session. Price levels to watch are 2398-2402 and 2363-2367. Recommended orders: SELL XAUUSD zone...
The US session on July 29, 2024 proceeded as scheduled, the price in the range 2370-2373 bounced back up to the range 2385-2390 during today's Asian session. Currently, the trading trend for the Asia - Europe session on July 30, 2024 will mainly be SELL. The areas to pay attention to are 2390-2393, 2370-2373, and 2337-2343. Recommended orders: Plan 1: SELL...
Analysis of the US session on July 29, 2024: After a slight correction in the Asia-Europe session, at the end of the European session, the US session's price remained sideways in the range of 2390-2395. There is a possibility that the US session will see a slight increase towards the range of 2397-2400 and then continue to decrease. Recommended orders: Plan...