The battle in Silver has entered a far more important stage. Breaking below $60 is psychologically significant, but the market’s attention is already shifting to another level roughly ten dollars lower. Around $50 sits one of the strongest combinations of technical and fundamental support on Silver’s chart. Whether that area survives the current wave of…
Crypto markets sold off hard on June 24, wiping out more than $600 million in leveraged long positions within hours. Bitcoin and Ethereum absorbed the heaviest of the crypto liquidations. The drop was broad rather than isolated. Nearly every major token turned red, and the forced selling concentrated on the largest exchanges. Binance led every…
EUR/USD’s decline continues today and intraday bias remains on the downside. Sustained break of 1.1353 fibonacci level will carry larger bearish implication. Next near term is 100% projection of 1.2081 to 1.1408 from 1.1848 at 1.1175. On the upside, above 1.1416 minor resistance will turn intraday bias neutral again first. In the bigger picture, focus…
Bearish view Bullish view The GBP/USD pair continued its recent downward trend and is wavering near its lowest level since April 6 this year. It was trading at 1.3187, down from last month’s high of 1.3656 as the US Dollar Index (DXY) continued its uptrend, reaching its highest point in over a year. US Dollar…
The Forex market has become more alive lately, with the US Dollar starting to make firm, technically significant price movements, which suggest that change is coming as the greenback is usually the main driver of the Forex market. The Australian Dollar is also in some focus today as Australian CPI (inflation) data was released earlier…
Bearish view Sell the BTC/USD pair and set a take-profit at 58,000. Add a stop-loss at 68,000. Timeline: 1-2 days. Bullish view Buy the BTC/USD pair and set a take-profit at 68,000. Add a stop-loss at 58,000. Bitcoin price remained on edge, a few points above the key support of $60,000, as risky assets retreated….
Today’s Gold Analysis Overview: The Overall Gold Trend: bearish. Today’s Gold Support Points: $4000 – $3965 – $3880 per ounce. Today’s Gold Resistance Points: $4140 – $4175 – $4230 per ounce. Today’s Gold Trading Signals: Bullish Scenario: Buy gold from the support level of $3970 with a target of $4200 and a stop-loss at $3900….
Larry Williams’ strategy starts with one hard truth. A price move means little until the pressure behind it is clear. His five core signals, Williams %R, volatility breakouts, Oops patterns, COT positioning and seasonality, help separate genuine force from late crowd reaction, but each one breaks down when treated as a standalone rule. Key Takeaways…
The silver market fell again on Tuesday, as silver seemingly cannot get out of its own way at this point. Silver The silver market fell almost immediately at the open on Tuesday and just continued to collapse. All things being equal, I think this is a market that continues to look at the $60 level…
Gold fell again on Tuesday, as we continue to see a lot of traders heading away from the metal markets at the moment. That being said, we are approaching a massive support level below. Gold Gold has fallen a bit during the trading session here on Tuesday as we continue to see a lot of…