Gold is not simply ādroppingā ā it is being drawn into lower liquidity pools.What appears as weakness is actually controlled positioning by Smart Money.And right now, price is approaching the zone where the next directional decision will be made. Heading into the US session, the macro backdrop is neutralizing: the USD remains relatively firm following…
š 1. MACRO CONTEXT: USD IS āDRAININGā GOLD The deadlock in USāIran negotiations and rising tensions in the Strait of Hormuz are turning the USD into the number one safe haven. Although FedWatch shows a 35% probability of a rate cut, as long as Jerome Powell hasnāt made an official statement, bears are still in…
#TRON The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary. The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions. There is a key…
The crypto market capitalisation has fallen by 1.2% to $2.56 trillion over the past 24 hours, marking a second consecutive day of decline. This time, the pressure is linked to the broader strengthening of the US dollar, which is raising the benchmark higher. Among the top gainers are Tezos (+7.9%), Cosmos (+1.7%) and Dogecoin (+1.6%)….
The institutional support for Bitcoin is still continuing, as per the latest data. Notably, spot Bitcoin ETFs have now recorded their fourth consecutive week of net inflows with $823M inflows in the past seven days. This suggests positive sentiment is strengthening as the price of BTC keeps seeing slight growth. Another Strong Week for Bitcoin…
Bitcoin has been going slightly up in the recent weeks, but the structure of the uptrend seems to be corrective rather than impulsive. Signs of a corrective trend are overlapping swings, huge retracements between waves, and holding parallel channels (price never went above the channel). If a trend is bullish, the price should go above…
Utilizing the support and resistance levels of BankNifty, along with the 5-minute timeframe candlesticks and VWAP, can enhance the precision of trade entries and exits on or near these levels. It is crucial to recognize that these levels are not static, and they undergo alterations as market dynamics evolve. The dashed lines on the chart…
#ZEUS The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary. The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions. There is a key…
The FTSE remains in a bullish trend, with recent price action showing signs of a corrective pullback within the broader uptrend, potentially setting up for another move higher if support holds. Support Zone: 10350 ā a key level from previous consolidation. Price is currently testing or approaching this level. A bullish rebound from 10350 would…
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear in…
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