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TitleXAUUSD H4 | Resistance overhead TypeBearish Reversal Preference: Price is approaching our pivot point of 2012.57 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1977.257. Alternative scenario:If price breaks above the pivot point, it could hit the 1st resistance of 2031.957. To discuss this trading idea, […]

Adv GDP Up Next The big focus for traders today will be the release of advance quarterly GDP data in the US. Estimates peg the initial GDP reading for Q1 at 2%, down from 2.6% the prior quarter, which was itself a decline on the prior quarter’s 3.2% reading. If confirmed at 2%, the impact […]

EURUSD, “Euro vs US Dollar” The currency pair completed a structure of decline to 1.0992. Today the quotes have corrected to 1.1038. At the moment, the market is forming a new structure of a wave of decline to 1.0986. After it reaches this level, a link of growth to 1.1025 is expected, followed by a […]

Brent On H4, Brent quotes are under the 200-day Moving Average, revealing the prevalence of a downtrend. The RSI is nearing the resistance line. As a result, a downward breakout of 1/8 (78.12) is expected, followed by a decline to the support at 0/8 (75.00). The scenario can be canceled by rising above the resistance […]

TitleEURUSD H4 | React off resistance level TypeBearish Reversal  Preference: Price is nearing our pivot at 1.10758 which is multi swing high resistance, If price were to reverse from here, it could drop to 1st support at 1.09461 which is multi swing low support level. Alternative scenario:However, if it breaks above the pivot, it could […]

Meta Shares Break Higher  Shares in Facebook parent company Meta Platforms spiked after the close yesterday and are trading around 12% higher pre-market today following the release of a bumper set of earnings results for Q1. In terms of headline numbers, Meta posted Q1 EPS of $2.20, beating expectations for a $2.02 result. On revenues, […]