Gold Shows Signs of Recovery Despite Stronger USD Gold prices have shown some recovery on Friday, despite the strength of the US Dollar (USD). However, the upside potential for the yellow metal might be constrained by diminishing expectations of a rate cut by the US Federal Reserve (Fed) in September. Nonetheless, safe-haven flows due to rising geopolitical...
Investors in Apple have faced a tumultuous ride in recent years, marked by significant fluctuations in the company's stock performance. An economic downturn in 2022 led to a steep 27% decline in the iPhone maker's stock. However, the following year saw a remarkable rebound, with shares surging by 48%. Despite this recovery, ongoing challenges to its business and...
Amazon has delivered an impressive performance this year, with its stock appreciating over 20%. Many analysts believe this is just the beginning of a much larger upward trend. Amazon's business model is undergoing a significant transformation, presenting a unique opportunity for investors. Here are three key insights that make a compelling case for buying Amazon...
Following our previous analysis of the EUR/USD pair, the price has approached the 1.0900 round level, which is significant as it is forming a potential double top pattern. This movement includes a retest of the previous high reached last Wednesday. Currently, there are no major news events impacting the market, which indicates that the price may experience a...
We are considering a long position on crude oil, given that the price has reached a significant support area. This support level is reinforced by a divergence observed on the Relative Strength Index (RSI), suggesting a potential reversal in the current trend. Additionally, seasonality data supports the likelihood of a bullish movement during this period. The...
Gold experienced a strong bearish impulse yesterday, intensifying the selling pressure following the release of the FOMC minutes. This downward movement persisted well beyond the initial reaction to the news. Today, the price has reached a significant demand area, presenting a potential buying opportunity at a discounted price. The current price level is below the...
Platinum is entering a seasonal period typically characterized by bearish sentiment, as observed consistently over the past 15 years during this time of year. This historical pattern suggests a tendency for the metal's price to decline during this period. From a technical analysis standpoint, the price is currently retesting the supply area, which coincides with...
The GBP/USD pair gained bullish momentum, reaching its highest level since March 21, surpassing 1.2750 during the early European session on Wednesday. In this area, we have identified confluences between the premium area of supply and resistances, along with a divergence on the RSI indicating overbought conditions. Today, data published by the UK's Office for...
Gold experienced a decline following the retracement observed on Tuesday but opened Wednesday on a positive note. Today, members of the Federal Reserve (Fed) issued warnings that the US central bank requires much more compelling evidence that inflation is easing before it can begin cutting interest rates. This caution from the Fed underscores the likelihood that...
The GBP/NZD pair has shown a positive reaction to a significant demand area, with the price beginning to increase in value this morning. This upward movement is accompanied by an RSI divergence originating from oversold levels, which typically signals a potential reversal and further price appreciation. The presence of this RSI divergence strengthens the bullish...
Following the successful closure of our previous position in this currency pair, which yielded a profit, we are now closely monitoring the market for signs of a potential reversal. This observation is based on the appearance of a strong absorption candle around the 200.55 area, which initiated a price retracement. The price has since retraced and returned to...
The GBP/JPY Futures have demonstrated seven consecutive days of growth, characterized by a consistent retesting of previous market inefficiencies and increasing volumes. Each day, the price has closed above the volume range of every candle, while also maintaining its position above the Volume Weighted Average Price (VWAP). Additionally, the Delta has consistently...
In Friday's London session, the USD/CAD pair is making strides towards the 1.3750 mark, but faces a formidable barrier at a strong area of resistance. This resistance zone coincides with the 78.6% - 88.6% Fibonacci area, further compounded by the RSI indicating overbought conditions in the D1 timeframe. Such confluence signals a potential reversal point,...
Gold prices extended their gains on Monday, trading just below the all-time high of $2,450 reached during the Asian session. This movement is driven by growing expectations that major central banks, including the Federal Reserve, may ease monetary policy in 2024. After hitting the peak at $2,450, the price experienced a retracement to the 50% Fibonacci level,...
Amidst a backdrop of fluctuating market conditions, the price of Bitcoin recently experienced a dip to $61K, yet it managed to defend one of its most resilient levels. Former President Donald Trump's recent comments, urging support from America's pro-crypto community, further highlight the evolving landscape of digital assets within the realm of political...
Gold Futures Footprint Analysis on the H4 Timeframe reveals an intriguing market dynamic. Monday's opening saw a bearish candle, characterized by a spike that retraced to the previous Point of Control (POC) volume of the preceding candle. This retracement occurred concurrently with a block of previous bullish orders (513+535), suggesting a potential area of...
The EUR/JPY presents a compelling price action scenario with notable opportunities. Recently, the pair encountered strong absorption at the 171.500 level, evidenced by a significant spike indicating substantial seller presence in this price area. This absorption led to a pronounced bearish impulse driving the price down to the 164.000 level. Since then, the price...
GBP/USD underwent a technical correction, retracing to approximately 61.8% from the previous swing high before concluding Thursday's session in negative territory. The pair has continued its downward trend early into Friday. Comments made by Federal Reserve (Fed) officials on Thursday contributed to a rebound in US Treasury bond yields and bolstered the US Dollar...