XAUUSD Market Structure Update Price is currently trading around the 4,830 level, continuing its bullish movement within a well-defined ascending channel after a strong reversal from the lows. This suggests the market is in a sustained bullish structure, approaching a key supply area. ā¤ Market Structureā¢ Clear Higher Highs (HH) & Higher Lows (HL) ā…
USD/JPY is holding near 158.800: the pair is sensitive to differences in rate expectations between the US and Japan and to overall market sentiment. Reduced concerns about supplies through the Strait of Hormuz have weakened demand for safe-haven instruments, but an unstable news backdrop continues to support interest in the US dollar. From Japanās side,…
### š Today’s Core Trading Logic1. **Technical Bullish Structure Remains Unbroken, Rebound Continues š**On the daily chart, Bitcoin successfully broke through the previous $72,000ā$73,000 consolidation range and stabilized above short-term moving averages (EMA15, EMA30). The MACD indicator has formed a golden cross above the zero line with increasing volume. Although the red bars have slightly…
The XAUUSD 1H chart shows a clear Elliott Wave structure forming a bullish impulsive trend. Price appears to have completed a five-wave impulse to the upside, labeled (1) through (5), followed by the beginning of a corrective phase. Currently, the market is likely developing an ABC correction or a smaller degree wave (II) after finishing…
Silver (XAGUSD) rallied to $121.6 on January 29 before entering a sharp decline that reached $60.87. We identified that decline as wave (IV) in the Super Cycle degree, and the broader structure continues to support a constructive longāterm outlook. The metal has begun to recover from the wave (IV) low, and the next important test…
On the 1H timeframe, XAUUSD shows a clear Smart Money Concepts structure shifting from bearish to bullish. Initially, price formed a Bearish CHOCH, followed by a period of consolidation and multiple liquidity sweeps, indicating smart money accumulation. A strong Bullish CHOCH later confirms the shift in market structure, supported by displacement and the creation of…
Looking at this USDJPY pattern, you can immediately tell the market is in a state of “hesitation”. Neither side is clearly winning. News is still divided: the USD is being pushed up by inflation and oil prices, while the JPY is facing expectations of a firmer BOJ stance, but that hasn’t been strong enough yet….
Over the past two months, as last noted in our previous update, ās Elliott Wave pattern has continued to unfold in line with our long-term expectations, suggesting the completion of the larger fourth wave earlier this year and signaling that the fifth wave is now underway. See Figure 1 below. Figure 1. Long-term Elliott Wave…
Travelers are finally seeing relief at the pump. The national average price of gasoline dropped to $3.79 per gallon, according to AAA, compared with $4.17 a month ago. Current diesel prices are $4.77. It’s “good news for motorists,” said Patrick De Haan, head of petroleum analysis at GasBuddy, in a post on X.com. He said…
Relief at the gas pump remains uncertain amid conflicting signals on Iran, and as elevated oil prices and tightening global supply threaten to push up fuel costs. Gas prices fell last week across all 50 states, though relief could be short-lived, according to a GasBuddy forecast. Hopes for a potential U.S.-Iran agreement have dimmed after…
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