ONLINE FOREX BROKER
2021-01-22 • Updated
Cannot fight the feeling that the gold price wants to go sideways – again. The core of the channel would be between 1 840 and 1 860, with the outer borders being at 1 825 and 1 875. If that’s the case, gold will go to 1 840 first, possibly going through some fluctuation above that support, touch the low of 1 825 and revert to the upside.
Here are the possible scenarios then.
In this scenario, the gold price dips into the support channel 1 840 – 1 845 and then gets back up to 1 860 to conquer new local highs.
In bears and bulls are relatively even, the price will keep going sideways across the channel 1 840 – 1 845 for quite a while before moving to another baseline level.
This scenario assumes the gold price will drop to 1 825 and stay there in the nearest short-term.
The Crypto market usually also has a rough time in September. Bitcoin lost 12.7% in September 2021, 17.4% in 2020, 17.5% in 2018, 21.4% in 2017 and 45.4% in 2015. The main cryptocurrency increased by 13.3% and 3.95% in 2016 and 2019, respectively.
US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected…
People all over the world love kind and colorful Disney cartoons. What if we say that you can both adore the pictures and trade stocks of the company that creates them?
For those who may be unfamiliar with Price Action trading, the horizontal arrows represent areas where the market structure was broken. As you can see in the scenario above, price broke below the previous low at the two marked instances
Let's start off with a look at the Daily timeframe on Bitcoin. We currently see price reacting to the rally-base-rally demand zone between the 15,600 - 14,300 price area. Price also seems to have found support off the trendline support as marked in the image above. Interestingly, this means the overall bias on BTCUSD is Bullish.
Central Bank Digital Currencies (CBDCs) are virtual national money. The idea of creating such currencies came to the authorities after the success of cryptocurrencies, which also exist only in digital form.
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