Gold continues to respect the broader Elliott Wave structure, with the current move still looking corrective rather than impulsive. The larger correction is unfolding as an ABC structure, with wave C developing as a 5-wave sequence. At this stage, price appears to be in wave 4, and we are expecting one final move higher into…
Gold is showing a clear bearish market structure after a strong impulsive drop. Price is currently retracing into a key supply zone around 4580ā4600, which aligns with previous support turned resistance. š Key Levels: * Supply Zone: 4580 ā 4600* Current Price: 4380* Target Zone: 4175 š Scenario:Iām watching for price to push slightly higher…
S&P 500: The Rising Trend in Place Since October 2022 Has Been Broken for the Second Time The first break happened when Trump’s tariffs were announced. Fear and uncertainty in the market hit record levels ā yet roughly four weeks later, the index managed to reclaim the rising channel. We are now in the second…
AUD/CHF has rejected off the pivot, which acts as an overlap resistance and could drop towards the 1st support. Pivot: 0.55152 1st Support: 0.54229 1st Resistance: 0.55621 Disclaimer:The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any…
Gold is currently trading in a bearish structure on the 4H timeframe after a strong rejection from the marked resistance zone around 4560ā4615. This area has acted as a strong supply zone, where price previously showed heavy selling pressure. After the recent drop, price is attempting a weak pullback but struggling to gain bullish momentum….
Trump is speaking with Fox. Repeats that Iran requested he pause on strikes (10 day pause). Iranian officials deny this, “We have not submitted any request regarding potential U.S. attacks.ā Whatever, where we are at is paused, regardless. Oil flow remains constipated with Hormuz blocked.
NZD/JPY is reacting off the pivot, which is an overlap support, and could bounce to the 1st resistance. Pivot: 91.76 1st Support: 91.14 1st Resistance: 92.88 Disclaimer:The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions,…
After a period of strong appreciation, Bitcoin has entered a phase of meaningful price correction. In moments like this, when market sentiment deteriorates and headlines emphasize risks, a useful approach is to rely on data and metrics that allow a direct observation of the economic behavior of network participants. Unlike traditional assets, Bitcoin has a…
The crypto market cap has declined by nearly 1% to $2.4T, once again approaching the 50-day moving average but still remaining above it (a bullish sign). Selling pressure is driven by renewed market fears arising from the situation in the Middle East. Technically, the market must make an early decision: either break through the uptrend…
Hello everyone! CryptoRobotics trader-analyst here with your daily market analysis. Yesterday, Bitcoin tested the previously marked local support zone at $70,900ā$70,200 (local volume zone). A reaction followed, however, there was no strong continuation of buying or upward movement. The price Š·Š°ŠŗŃŠµŠæŠøŠ»Š°ŃŃ below the zone and is now moving towards the lower boundary of the local…
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