Midas_Calista

First of all, let's pay attention to EMA. If you need a moving average that can quickly react to price movements, then a short-term EMA would be most suitable. It can help you catch trends quickly and generate high profits. The truth is, the quicker you catch a trend, the longer you can ride it and the more profit you can make. However, the drawback of EMA is that sometimes you may get false signals during sideways price action, as EMA is too sensitive to price and may interpret normal price fluctuations as trend formations. This is a case where being too fast with indicators isn't good.On the other hand, with SMA, the opposite is true. If you need a smoother and less sensitive moving average, then a longer-term SMA is the appropriate choice. SMA can work well on longer timeframes and can show you the current trend. Although SMA reacts slower to price, it can save you from false signals. However, the downside here is that sometimes it's too slow and you might miss out on good entry signals. Looking at the chart, we can see SMA preparing to cross downwards, indicating a downtrend. EMA pointing upwards indicates short-term price is still rising. MACD shows strong selling pressure dominating buying pressure. I think some people have already taken profits.

When this MA crosses that MA, it could be a signal indicating a potential change in trend, thereby providing you with a good entry opportunity.The price quickly moves upwards after breaking above the upper edge of the rectangle. If we have a buy order placed at the upper edge of the rectangle, we have made a profit. Just as the rectangle declines, here, once the price breaks out, it will move a distance equal to the width of the rectangle.I think the price is going according to my forecast

Using Elliott Wave Theory and Fibonacci, I observe that the gold price is currently in wave 4. Rule 3 states: Wave 4 should never enter the territory of wave 1. Additionally, there are guidelines to help count waves more accurately. Unlike the three rules above, these guidelines may be violated. They are:- Conversely, sometimes wave 5 cannot extend beyond the end of wave 3. This is called truncation.- Wave 5 often extends or cuts down the trend line drawn parallel from wave 3 with the trend line connecting the start of wave 3 and wave 5.I think gold is running wave 4.

Today, the world gold price listed on Kitco stands at $2,340 per ounce, marking a $28 increase compared to yesterday morning.International Market Insights:Gold prices regain upward momentum, driven by central bank buying activity in Asia.A recent report reveals that the People's Bank of China added 160,000 ounces of gold to its reserves in March. Turkey, India, Kazakhstan, and some Eastern European countries have also been purchasing gold this year.Senior analyst Ricardo Evangelista from ActivTrades attributes the recent uptrend in gold prices over the past two months to increasing political instability concerns and speculation related to the timing of monetary policy easing by the Federal Reserve.According to the CME FedWatch tool, traders are currently pricing in a roughly 60% chance of a Fed rate cut in June.Conclusion: The upward trend of gold is expected to continue until the end of this year due to safe-haven demand amid economic recession fears and ongoing conflicts.However, a strong US dollar, rising bond yields, difficulty in Fed monetary policy easing, and lingering inflationary pressures may hinder gold's upward momentum in the near term.Technical Analysis: The Bollinger Bands are narrowing, and gold is gradually forming a minor correction after reaching new highs earlier in the session. There is a high likelihood that the uptrend will continue from the nearest support area.From a technical standpoint, the situation is complex as it is challenging to identify strong reversal zones while the price is trading in an uptrend. In such a scenario, attention should be paid to support levels to sustain growth, as well as local resistance areas for potential upward breakthroughs.

Exactly, when the Exponential Moving Average (EMA) is trending upwards, it indicates a short-term uptrend in prices. However, if the Simple Moving Average (SMA) is trending downwards, the long-term trend may be bearish. When the SMA crosses above the EMA, this could be a sign of a reversal in price trends.The 2 EMA RSI indicators all show an uptrend. SMA shows a downtrend, I think currently BTC will still maintain the uptrend but will soon reverse to the downside.

Firstly, let's focus on the EMA (Exponential Moving Average). While a simple MA (Moving Average) may react quickly to price changes, a shorter-term EMA is most suitable. It can help you capture trends rapidly and yield higher profits. The truth is, the quicker you catch a trend, the longer you can ride it and the more profit you can make. However, the drawback of EMA is that sometimes you may receive false signals during sideways movements, as EMA is too sensitive to price fluctuations. In such cases, the price is actually in an uptrend and lies above both the EMA and SMA (Simple Moving Average) lines.The 3 EMA SMA RSI indicators all show an uptrend. I think gold will still maintain its uptrend for now.

Divergence of this type is often seen in an uptrend. After the price makes the second high, if the indicator makes a low high (unlike the price, which makes a high), then you can predict that the price may reverse and drop again.I see the price is running wave 5

Today, BTCUSD is holding steady around the $67,645-68,000 range, with no notable fluctuations observed. In this context, I continue to advocate for a bearish stance on BTCUSDT, especially as it moves away from its sideways trend. The signal from the EMA 9 further strengthens the optimism that the market may lean towards the selling side.I predict BTC will reach 72,000 VND and drop to about 55,000 USDI think BTC will rise to around 71,500 and then drop.The RSI (Relative Strength Index) is a very popular tool because it can be used to identify trends. If you believe a trend is forming, look at the RSI and see if it is above or below the 50 level. If you're looking for an uptrend, make sure the RSI is above 50. Conversely, if you're looking for a downtrend, an RSI below 50 is a sign. The MACD (Moving Average Convergence Divergence) shows weakening selling pressure, indicating that prices are about to change direction.

As anticipated in our previous analysis, gold continues to advance, encountering no significant resistance.However, we observe the formation of support at 2270.00. Despite this, we remain in our bullish trend, with the emergence of a clear bullish channel indicating a potential slight retracement before resuming the upward trajectory.This is a short-term analysis; while the price may continue to rise directly, those who missed this movement can rely on support at 2287.00!I see the price is sticking to the target

In general, XAUUSD is encountering difficulty surpassing the resistance level of $2220. However, it remains stable within an ascending channel. Moreover, upon closer observation, a cup and handle pattern is gradually forming. Based on these factors, my expectation is for a breakthrough above the resistance level, aiming for the medium-term target of $2220.In the short term, XAUUSD will continue to face challenges from psychological resistance levels. It is anticipated to retrace after reaching the upper limit of this upward channel.I predict that XAUUSD may undergo further adjustments around the support zone to accumulate potential before further growth. Reviewing the resistance level will indicate the coin's readiness to surpass this area and continue its upward movement. Prices are expected to surge towards the ultimate target of $2220, as forecasted.We should wait a few more bullish candles and then close 50% of the volumefollow a few more candles and close 30-50%I think we can lock in 80-90% of the volumeI think we should close 90% of the position.