- EURGBP broke the resistance zone - Likely to rise to resistance level 0.8700 EURGBP currency pair recently broke through the long-term resistance zone located between the resistance levels 0.8625 (multi-month high from last August) and 0.8645 (strong resistance from April of 2024). The breakout of this resistance zone accelerated the c-wave of the active weekly upward ABC correction 4 from the end of September. Given the strongly bearish sterling sentiment seen recently, EURGBP currency pair can be expected to rise to the next resistance level 0.8700 (earlier resistance from December of 2023).
In recent days, WTI crude oil has been in a slump due to various factors within the trading sessions. In today's early trading session, influenced by the US API data, it rebounded after hitting the bottom. However, the resistance at the $58 level remains strong. During the afternoon trading session, it touched this resistance range again but still failed to break through. Currently, it is showing a trend of fluctuating and falling. OPEC+ plans to accelerate production increases in May, coupled with the steady growth of US shale oil production (EIA expects US crude oil production to reach 13.72 million barrels per day in 2025), which has intensified market concerns about an oversupply. Although the API crude oil inventories unexpectedly decreased by 1.057 million barrels last week (with a forecast of an increase of 2.6 million barrels), the cumulative increase in crude oil inventories in the first quarter was 5.8%, indicating that the long-term pressure of inventory accumulation has not subsided. From the perspective of the daily chart, the price of WTI crude oil has been in an obvious downward channel recently. The moving average system of the price is in a bearish arrangement, and short-term moving averages such as the 5-day moving average and the 10-day moving average continue to suppress the price from falling. For example, the 5-day moving average has continuously suppressed the price's attempt to rebound today. Every time the price approaches the 5-day moving average, it encounters strong resistance and falls back. In terms of the MACD indicator, both the DIF line and the DEA line are below the zero axis, and the DIF line is running below the DEA line. The green histogram continues to expand, indicating that the bearish force in the market is strong and the downward momentum is still being continuously released. At the hourly chart level, the oil price also shows a weak pattern. The Bollinger Bands continue to open downward, and the price moves along the channel between the middle and lower bands of the Bollinger Bands, indicating that the current market is in a one-sided downward trend. The RSI indicator repeatedly appears in the oversold area, indicating that the market is severely oversold in the short term. However, due to the strong overall bearish trend, it has not triggered an effective rebound. Nevertheless, judging from the recent hourly chart trend, the slope of the price decline has slowed down, suggesting that there may be a certain rebound correction in the short term. USOIL sell@68.5-68 tp:56.5-55.5 I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
Crude oil market analysis: Tariffs have been increased again, and crude oil continues to fall sharply. It is difficult to change the short-term selling of crude oil. In addition, data and fundamentals all suppress it. Today's crude oil can continue to find selling opportunities. The crude oil pattern shows that the possibility of a big rebound is small. We pay attention to the suppression position of its moving average, which has dropped to around 61.80. This position is also the high point of yesterday's rebound. Today's idea will rely on this position to sell it. The first suppression of crude oil is around 59.30, and the strong pressure is 61.80. Fundamental analysis: The tariff war continues to affect the market, and buying and selling have begun a big game. We will pay attention to CPI later, and there will be crude oil inventory data today. Operation suggestions: Crude oil-----sell near 61.00, target 69.00-67.00
Holding here a little longer and there is a potential for an uptrend The market is getting oversold long term, but we still have to watch out because in bearish scenarios the market goes oversold beyond parameters, but if we see some holding of resistance then we can assume that there is no interest to continue to sell and we should be buying for a long, however waiting for a full bounce is the safer route since there is no risk involve. On the other hand catching an accumulation early could potential increate profit margins. My plan is to buy the 74-75k line and put a good stop loss, I will fully go in once the price start moving up. My get off targets are 80-81k and if that holds then it moves up to the 88-90k line once again.
Gold led. Bitcoin followed. The correlation holds. Institutional flows are showing clear preference for hard assets. BTC reclaiming $77,000 after gold's breakout is not random — it's confirmation. Watch momentum. Stay focused. Timing is everything.
Gold market analysis: We clearly said in our analysis yesterday that gold would rise and fall. The daily line shows that it can't go up much. We sold at 3008, 3015, 3014, and 3022 yesterday, and we made profits. Today's gold idea is to pay attention to whether it continues to swing. The daily line fell and then pulled up. The daily line hovered at the bottom. The oscillating market must find the oscillation range. Finding the rhythm is the most important thing. Yesterday, the daily line was a cross star again. Today's Asian session is expected to fluctuate. In addition, there are many fundamentals in the near future. The market has been led by the rhythm. Gold rose well before, and the sharp drop was also due to Trump's tariff policy. The global tariff war is inevitable in the future. It supports the US dollar in the long term and suppresses gold. The short-term top of the weekly line may be the long-term top. Today's idea is to focus on the 2969-3022 range. We will look for meat in this range in the Asian session. In addition, the daily fluctuations make the indicators sluggish. If the Asian session rebounds first and approaches 3022, go short first. On the contrary, if gold breaks and stands above 3022, it will also fluctuate, but the center of gravity of the fluctuation will rise to the range of 3000-3055. The fluctuation requires patience to wait for the position, and waiting is also part of the transaction. Support 2990, 2969, pressure 3022, the watershed of strength and weakness of the market is 3000. Fundamental analysis: The tariff war continues to affect the market, and the long and short positions have begun to compete. We will pay attention to CPI later. Operational suggestions: Gold-----Sell near 3020-3060, target 3000-2969
Gold has broken above a key resistance zone around 3068, signaling a potential bullish continuation. A buy trade is triggered at 3074, expecting further upward momentum toward the next resistance levels. Trade Setup: ? Buy Entry: 3074 ? Target 1: 3078 ? Target 2: 3082 ? Target 3: 3086 ? Stop Loss: 3060 Bias: Bullish Timeframe: 15-Minute (M15) The breakout candle and strong bullish momentum suggest that gold is gaining strength, with multiple profit targets to the upside.
Looking for opportunity to short the pair. Expecting retracement 1.7870 area.
Trade idea based on supply and demand, intermarket analysis and cross market valuation. Following a structured approach with clear entry, risk management, and confluence factors.
Gold extends rally to $3,050 area as safe-haven flows dominate markets Gold preserves its bullish momentum and trades near $3,050 in the second half of the day. Further escalation in the trade conflict between the US and China force markets to remain risk-averse midweek, allowing the precious metal to capitalize on safe-haven flows.