Upon reviewing the gold chart in the 2-hour timeframe, we observe that the price, following last night’s analysis, has rallied once again, soaring to $2319! However, it wasn’t long before it encountered selling pressure and has corrected to $2307 as of this moment! As I mentioned in the previous analysis, the significant demand zone for gold lies between $2303 and...
Hello everyone! As predicted yesterday, BTCUSD has lost 62k support and the pressure is on the selling side. It is currently trading around $61,167 and has lost 0.03% on the day. On the 1-hour chart, there are 2 interesting resistance levels that were clearly broken by the bears at $63.00 - $62,000, generally indicating that the selling pressure of the bears is...
Hello everyone, In the realm of cryptocurrency trading, BTCUSDT is currently navigating through a volatile phase. Despite moving within a price range with a gradual downward trend for several weeks, it is currently trading around $60,900 USD and has lost 0.5% for the day. However, taking a long-term perspective, BTCUSDT is following the structure of a bullish...
Hey Everyone, Our 4H chart is playing out perfectly in true level to level fashion. We started the week with our first Bullish target hit at 2313. We then had the ema5 lock above 2313 opening the gap above upto 2340. This is a big gap to target and therefore using our 1H chart and smaller timeframes, we were able to buy dips safely. Today once again we had the...
Judging from the 120-minute chart, the 10-day moving average and the 20-day moving average form a dead cross, with the two moving averages running parallel downwards, and the MACD indicator is also below the 0 axis, which is an obvious short trend. In addition, the price is falling along the 10-day moving average, and the current thinking is still...
Hello all dear traders! Today, gold price touched 2310 USD, continuing to recover in the corrective trend and increased 0.09% during the day. Uncertainty amid rising US bond yields and a strong US dollar kept gold unchanged from yesterday's session. From the 4-hour chart, technically gold is completing a Falling Wedge pattern. In such a scenario, I would...
Bear flag showing here on spy and a few other indexes/ sector. This bear flag would be consider a handle for a inverted cup and handle. Smaller time frame looks like this spy And heres NQ We are headed back to bear flag support around 500.. from there we could either finish one more bounce higher 511-514 before finishing the leg down to 480 The bear...
Analysis: Factors Driving Gold Prices Up Here is why we think it will go up (FUNDAMENTAL ANALYSIS) Weak NFP Report and Potential Fed Rate Cuts: The recent Non-Farm Payrolls (NFP) report came in weaker than expected, signaling sluggish job growth in the United States. This unexpected weakness has raised speculation that the Federal Reserve may consider...
Hello all dear traders! Let's discuss and plan our short-term strategy today! Overall, BTCUSD experienced significant volatility over the past day with the price falling past the $63,000 mark. It is currently trading at $62,627, marking a 0.49% increase on the day, since hitting $62,179. But! At the same time a pattern has formed which we often call a triple top...
✅As I expected in the previous post , PEPE was corrected by more than ➖50% . 🌊According to the theory of Elliott waves , PEPE is completing the main wave 5 , and most likely, wave 5 is a truncation type . 📚 A truncation is the fifth wave in an impulsive pattern that fails to exceed the price extreme of the third wave. It suggests underlying strength or...
Hello all dear traders! Let's discuss and strategize our new day! Overall, the EU is facing a decline below the 1.075 breakout support during the Asian session on Wednesday. The main reason is that the US Dollar increased due to expectations that the Federal Reserve will extend higher interest rates, which supported the USD and was detrimental to the EUR....
OANDA:XAUUSD price is still moving sideways. The market is bouncing between range boundaries. The bulls failed to push the price higher at the top of the range, which might be a sign that the market will move to the bottom of the range. The market, as you can see, is consolidating around 2300 because the price usually moves sideways at key levels, which is...
End of day update from us here at KOG: Yesterday we suggested caution on the markets as the accumulation was lining up for a breakout so we gave the levels for the extension of the move into the 2330 region. In Camelot we highlighted the move into the 2338 order region where we anticipated the move to long and then the RIP from that level giving the reverse...
🏃♂️ Bitcoin is moving near the 🟡 Potential Reversal Zone(PRZ)($61,800-$60,900) 🟡 and 100_SMA(Daily) and Support lines . 🌊According to Elliott's wave theory , Bitcoin is completing corrective waves , most likely a Zigzag(ABC) corrective wave structure. 💡We can consider corrective waves in the form of a pullback to the upper line of the descending...
Hello traders ,what do you think about GOLD?Gold has been fluctuating between the 2300 and 2330 area for the past few days. Currently, the downward trend line has been broken. It is expected that after a little fluctuation in this zone, it will grow at least to the specified levels. If this post was useful to you, do not forget to like and comment.❤️
Gold's 30-minute moving average is still in a dead cross downwards. Gold's 30-minute rebound seems to be strong, but it still has not been able to break through the downward trend line resistance. The gold downward trend line resistance has now moved down to around 2320. Gold has shot up many times and then fallen back. There are many resistances above, so...
Bitcoin (BTCUSD) is trading within the Rally Channel (green) with the price having already reached its bottom, making the 2nd Higher Low of the pattern. This is the very same pattern that emerged in the previous Cycle after the Growth Channel Up and took BTC to its new All Time High (ATH) at the time. Both Growth Channels had a crash event below them, the...
Bitcoin looks very strong at this moment. We can see that the price is breaking out of the descending parallel channel on the daily chart. The price is above the channel and has already retested the downward-sloping trendline. We should see a strong pump from the current price. Why is bitcoin pumping? From a technical perspective, it's pretty easy to say. Take a...