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The price of gold fluctuated around $2,300 in Friday's Asian trading session amidst optimistic market sentiment, declining US treasury bond yields, and a weaker US dollar. The 4-hour chart indicates that this currency pair is currently evolving below the SMA 20 level, despite a modest rise to the SMA 50 level yesterday. Technical indicators have also rebounded from their initial lows but remain below the moving average line, gradually losing upward momentum.

The price of gold is currently undergoing a phase of recovery consolidation after breaking free from its daily lows, trading at $2,330 compared to the low of $2,305. This stability is reinforced by the higher interest rates of the US Treasury and the resurgence of inflation, leading to speculation that the Fed may cut interest rates in the near future. Looking at the chart, we can observe the adjustment of gold prices as it trades above the simple moving averages (SMA). Particularly, the SMA 20 is gradually trending upwards, signaling positivity. It is expected that gold prices will continue to rise and may even surpass the SMA 100, followed by a strong upward trend. This suggests that the market appears to be anticipating a positive shift from economic factors and monetary policy.Gold breaks above SMA 100, expected to next move towards resistance at $2,360 followed by psychological mark of $2,400

Gold remains stable amidst a downward trend, given the backdrop of rising US yields. Reduced tensions in the Middle East contribute to market stability, albeit dampening the demand for gold. Looking at the one-hour chart, it's evident that gold's potential for price appreciation is still constrained. The Relative Strength Index (RSI) has solidified around the 40 mark, indicating a significant decline in upward momentum within the downtrend. Furthermore, the formation of a triple top pattern along with substantial price declines also signals a clear phase of market weakness.

In the Tuesday trading session in the U.S., Gold slipped as it dropped to the crucial support level of 2,300 USD, but quickly found stability thereafter. The recovery of gold prices coincided with the weakening of the U.S. dollar after the PMI data for the United States was announced weaker than expected. From a technical standpoint, looking at the chart, gold is showing signs of slight adjustment, especially as the SMA 20 is trending downwards compared to longer SMAs. It is anticipated that gold prices will adjust and retest the area near the 0.5-0.618 Fibonacci level before continuing its downward trajectory.

Gold extended its downward momentum at the start of Tuesday's Asian trading session, dropping to 2,300, down more than 2% from Monday. The decline seemed somewhat contained due to speculation that major central banks would cut interest rates later this year. From a technical standpoint, this sharp decline has brought gold prices to touch the simple moving averages (SMA), along with the Relative Strength Index (RSI) hovering around oversold territory, nearing the 28 mark. However, as the downward momentum of gold prices has reached a significant level, there are indications of a correction. It is anticipated that gold prices will continue to touch the SMA 20 level before witnessing a recovery from the sharp decline.

In the European trading session, gold continued to decline to near 2,350 USD after retreating during the Asian session on Monday. This persistent decline is attributed to the increase in US Treasury bond yields. Additionally, the political situation in the Middle East has eased, reducing concerns and the search for safe-haven assets like gold. Looking at the chart, we can see that the price has broken through the trend line and formed a double top pattern. In the near future, gold prices may continue to undergo further corrections and trend towards a downward direction, especially as technical indicators indicate market weakness.

Overall, the market has witnessed the continuation of an upward trend as political tensions in the Middle East show no signs of abating entirely. From a technical standpoint, the Relative Strength Index (RSI) is currently in overbought territory. This is seen as a signal that the market may undergo a short-term recovery before resuming a strong upward trajectory.

Overall, Bitcoin (BTC) is maintaining a downward trend. Despite showing signs of increase above the $65,000 mark, it experienced a decline during Friday's trading session in the US. It is expected that the price will adjust to the vicinity of the 0.5-0.618 Fibonacci level before continuing its downward journey.

The price of gold has undergone a new wave of increase, surpassing the $2,400 mark in the Asian trading session on Friday following Israel's retaliatory attack on Iran. Based on technical analysis, we observe that the upward momentum of gold continues after crossing the SMA 20 line. The Relative Strength Index (RSI) trading above the 60 level indicates that the upward trend is developing strongly and may persist in the future.

Overall, BTC is experiencing a mild correction phase and showing signs of transitioning into an upward trend. Based on technical analysis, on the chart, we see that the price of BTC is expected to continue testing the SMA 100 zone, especially at the 0.5 - 0.618 Fibonacci levels.
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