AUD/CAD is rising towards the pivot, which is a pullback resistance that is slightly below the 38.2% Fibonacci retracement and could reverse from this level to the 1st support. Pivot: 0.95936 1st Support: 0.95348 1st Resistance: 0.96297 Disclaimer:The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC…
Out of the Blue Knee Jerk Reaction Return to Previous Levels 72% Trump mixed messages all the time who can keep up with this guy ! Trump: We don’t need oil from the Middle East. Spot gold turns negative as Trump speaks on Iran war. Trump: We will never let Iran have nuclear weapons. Trump…
AUD/CHF is reacting off the pivot, which is a pullback support and could bounce to the 1st resistance. Pivot: 0.54891 1st Support: 0.54652 1st Resistance: 0.5532 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,…
Bitcoin (BTC/USDT) – Multi-Timeframe Bearish Setup from Rising WedgeOverview Bitcoin is currently trading inside a large rising wedge pattern on the daily timeframe, which is typically a bearish reversal structure. Price action has respected both the upper resistance and lower support trendlines multiple times, forming clear swing points (A → B → C → D…
Post-Trump Volatility: Gold dove from 4800 to 4650 in half an hour. Our 4800 short position just bagged 150 pips! The market is moving fast with heavy swings—looking for a retracement next. Don’t miss the next move.Technical Outlook: Resistance: Short-term ceiling at 4710-4720 (prior support-turned-resistance). Heavy supply at 4740-4760—look to short any bounces here. Support:…
Hello everyone,The current backdrop is relatively supportive for gold. Recent movements in the US bond market reflect a tug-of-war in investor sentiment. Initially, yields rose due to inflation concerns driven by higher energy prices linked to tensions involving Iran. However, as recession risks gained more attention, capital rotated back into bonds — pushing yields lower…
Solana is still moving within the same retrace that started with the 16-March high. I am going to call only on two conditions to support this trade-idea: 1) The action is happening at support.2) Trading volume and marketwide action supports a bullish breakout next. With these two conditions, following capital allocation, a good position can…
We’ve been tracking Hedera (HBARUSDT) for months, the action continues to happen at bottom prices. This chart is very similar to Algorand (ALGOUSDT), and this is very good. ALGOUSDT had bullish potential with a bearish chart, bearish because the action was happening below resistance, it is the same here. HBARUSDT is still early as no…
From a core logical perspective, two key factors are currently dictating the rhythm of the gold market. On one hand, geopolitical conflicts in the Middle East continue to ebb and flow; while there are signs of deteriorating conditions, the sustainability of safe-haven capital flows remains questionable, creating significant uncertainty regarding whether these funds can once…
Gold is currently showing strong bullish momentum after successfully breaking out of a well-defined ascending channel. price is now consolidating just below a key resistance zone around 4,800 – 4,830. This area has previously acted as a supply zone, but the current price action suggests that buyers are maintaining control and preparing for a potential…
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