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Trading plan for Gold for March 28, 2022

Post by on March 28, 2022

Technical outlook: Gold prices dropped to $1,925 lows during the Europe Session on Monday before finding support again. The yellow metal has moved in line with our earlier projection for a pullback from $1,960-65 mark. Bulls might want to remain in control from here and push prices through $1,990-2,000 zone in the next few trading […]

Analysis of Gold for March 28,.2022 – First downside objective reached, potential for another drop

Post by on March 28, 2022

Technical analysis: Gold has been trading downside today as I expected. Gold reached the first downside objective at $1.939 and I still see potential for further downside movement. Trading recommendation: Due to potential completion of the ABC structure in the background, Is ee potential for the downside continuation. Watch for selling opportunities on the intraday […]

Gold may establish itself as the new world currency

Post by on March 28, 2022

Wall Street analysts and retail investors have not given up on their prediction that gold will hit $2,000 an ounce anytime soon. Noting that the precious metal will be supported by the demand for safe-haven assets due to the ongoing geopolitical tensions in Ukraine, as well as rising inflation. Concerns in the global market are […]

US prohibits gold transactions in Russia

Post by on March 28, 2022

Western economic sanctions continue to wreak havoc on Russia’s economy. The country cannot use its huge gold reserves. On Thursday, the US Treasury Department issued a notice clarifying that gold transactions in Russia are prohibited, citing decrees signed by President Joe Biden. The Treasury Department said in a statement that US citizens are prohibited from […]

Gold: Forecast for the week

Post by on March 28, 2022

Gold quotes started with a sharp drop on Monday. Will this negative trend continue throughout the week? Or will bullion manage to find an upside momentum? Last week, the precious metal market continued to experience strong volatility due to geopolitical uncertainty. The Russian-Ukraine military conflict has been going on for more than a month. However, […]

Short-term Gold technical analysis for March 25, 2022.

Post by on March 25, 2022

Gold price is found trading at the end of the week near its weekly highs. Price made a low this week at $1,910 and a high at $1,965 while now it is trading around $1,952. Gold price has already retraced 38% of the entire decline. Price stopped the bounce at the 38% Fibonacci retracement. Blue […]

XAU/USD: strong upward momentum

Post by on March 25, 2022

The dollar seems to end this week in positive territory despite the decline during the Asian session. Futures for the dollar index (DXY) are trading near 98.66 at the beginning of today’s European session, corresponding to levels of almost 2 years ago. The dollar, in particular, is supported by the rising yields of U.S. government […]

Analysis of Gold for March 25,.2022 – Upisde objective reached but potential for the downside rotation

Post by on March 25, 2022

Technical analysis: Gold has been trading upside as I expected. The price reached my upside objective at $1.964. Anyway, there is strong resistance at the price of $1.970 and I see potential downside rotation. Trading recommendation: Due to strong resistance at $1.970, I see potential for the downside rotation. Watch for potential selling opportunities with […]

US stock market closes higher, Dow Jones gains 1.02%

Post by on March 25, 2022

At the close in the New York Stock Exchange, the Dow Jones rose 1.02%, the S&P 500 rose 1.43% and the NASDAQ Composite rose 1.93%. Shares of Intel Corporation led the way among the components of the Dow Jones index today, which gained 3.35 points (6.94%) to close at 51.62. Quotes of Apple Inc rose […]

Trading plan for Gold for March 24, 2022

Post by on March 24, 2022

Technical outlook: Gold prices have finally rallied towards its much anticipated counter trend and reaching close to $1,960 mark on Thursday. The yellow metal is now seen to e pulling back and is seen to be trading close to $1,947 levels. It is expected to find near term support through $1,930 levels, which is also […]

Short-term technical analysis on Gold for March 24, 2022.

Post by on March 24, 2022

Gold price is trading above $1,945. Price is bouncing higher in what it seems to be a counter trend corrective bounce with respect to the decline from $2,070 to $1,894. Blue lines – Fibonacci retracements Gold price has not reached the 38% Fibonacci retracement yet. This is the first bounce target. This is also important […]

Analysis of Gold for March 24,.2022 – Buyers in control

Post by on March 24, 2022

Technical analysis: Gold has been trading upwards as I expected. The price reached first upside objective at the price of $1.950. Anyway, I still see potential for further rally. Trading recommendation: Due to the breakout of the downside channel and strong upisde momentum, I see potential for upside continuation. Watch for buying opportunities on the […]

Rising stocks may dampen demand for safe-haven assets

Post by on March 24, 2022

As the Federal Reserve begins a cycle of aggressive tightening to bring inflation under control, investors are worried about the state of the U.S. economy and what the bond market is saying. And also, accordingly, the price of gold reacts. One of the most popular indicators of the health of the U.S. economy is the […]

Technical analysis of ETH/USD for January 01, 2022.

ETH/USD – Ethereum US Dollar Crypto Chart Technical market outlook of Ethereum (cryptocurrency) : Trading Ethereum (ETH/USD) : Ethereum is at an all-time lowest against the dollar around the spot of $ 3,577 – $ 3,600 – Ethereum is inside in downward channel. Since three weeks ETH/USD decreased within an down channel, for that Ethereum […]

Technical analysis of BTC/USD for January 01, 2022.

Trading Cryptocurrency BTC/USD (Bitcoin) : Weekly Forecast : between 01-01-2022 and 07/01/2022. Piot Point : 48,027. As we know that : 1 BTC —> $ 46,739 approximately. 1 ETH —> $ 3,692 approximately. It follows that : 1 ETH —> 0.0789918483493442 BTC. Thereby, one Ethereum is only worth 0,0789918483493442 Bitcoin (January 01, 2022). Bitcoin price […]

December 31, 2021 : EUR/USD Intraday technical analysis and trading plan.

The bullish swing that originated around 1.1650 in August, failed to push higher than the price level of 1.1900. That’s why, another bearish pullback towards 1.1650 was executed. However, extensive bearish decline has pushed the EURUSD pair towards 1.1600 and lower levels was reached. Shortly after, significant bullish recovery has originated upon testing the price […]

Weekly Comment – US jobs and PMI data eyed as Omicron cases surge

Stocks staged a post-Christmas rally, reaching new highs amid thin trading volumes. Meanwhile, the Japanese yen has emerged as the undisputed loser in the FX arena, as Omicron fears ease, prompting traders to shift into riskier assets. In the upcoming week, the latest US employment data and FOMC minutes take center stage, together with a […]

Technical Analysis – WTI futures’ rally stalls above 77 mark

WTI oil futures have stretched towards 77.35 and are sitting above the 50-day simple moving average (SMA) at 75.71 after an upward surge from around the 66.00 mark. The positive incline in the SMAs has faded recently. However, they have yet to confirm that the trend has shifted to the downside. The short-term oscillators are […]