What you need to know on Thursday, February 5th
# United States (US) President Donald Trump signed a bill late Tuesday to end the partial government shutdown, providing some immediate relief.
# He also announced that talks with Iran would take place later this week in Oman regarding the country's internal crisis.
# United States (US) President Donald Trump signed a bill late Tuesday to end the partial government shutdown, providing some immediate relief.
# He also announced that talks with Iran would take place later this week in Oman regarding the country's internal crisis.
SILVER 4H CHART ANALYSIS
Silver has shown a brief pullback following last week’s sharp decline, but renewed weakness toward the prior lows near the 70 level remains likely. The price is currently reacting to resistance from a bearish FVG, while the RSI at 40 indicates continued downside momentum. With prices holding below key EMAs, the short-term downtrend appears intact, suggesting further pressure may persist.
Silver has shown a brief pullback following last week’s sharp decline, but renewed weakness toward the prior lows near the 70 level remains likely. The price is currently reacting to resistance from a bearish FVG, while the RSI at 40 indicates continued downside momentum. With prices holding below key EMAs, the short-term downtrend appears intact, suggesting further pressure may persist.
Silver breakdown alert👊
Silver just formed a Bearish Flag and the structure points to a potential 55% drop.
Meanwhile, Gold is testing a key confluence zone.
Levels that matter:
• Silver target: $53.70
• Key support: $72.14
• Gold resistance: $5348
Silver just formed a Bearish Flag and the structure points to a potential 55% drop.
Meanwhile, Gold is testing a key confluence zone.
Levels that matter:
• Silver target: $53.70
• Key support: $72.14
• Gold resistance: $5348
*Global Market Insight*
Stocks: US & Asian markets weak, tech under pressure
Gold/Silver: Short-term bearish, high volatility
Dollar: Strong — keeping pressure on metals
Oil: Stable but choppy
Stocks: US & Asian markets weak, tech under pressure
Gold/Silver: Short-term bearish, high volatility
Dollar: Strong — keeping pressure on metals
Oil: Stable but choppy
XAUUSD Analysis Intraday View on 15-Minute Timeframe Gold is currently displaying underlying strength; however, the RSI is indicating a divergence, suggesting the possibility of a near-term rejection from the 4,944 level. If prices manage to sustain above the 4,950 mark, further upside momentum is likely. Conversely, failure to hold above this zone could lead to a pullback, particularly around the New York session open.
#XAUUSD Buy Setup🔼
Buy 4964- 4960
Stop-loss: 4900
Target: 5400 / 5600
Note: This is a short-term buying trade with high risk due to recent volatility.
Buy 4964- 4960
Stop-loss: 4900
Target: 5400 / 5600
Note: This is a short-term buying trade with high risk due to recent volatility.
What you need to know on Monday, February 9th
USD/JPY declines on verbal intervention after Takaichi's landslide election victory.
Gold holds above $5000
ECB, Fed and BoE officials will be delivering speeches
USD/JPY declines on verbal intervention after Takaichi's landslide election victory.
Gold holds above $5000
ECB, Fed and BoE officials will be delivering speeches
What you need to know on Tuesday, February 10:
# Japanese stocks surged to record highs on Monday, as Prime Minister Sanae Takaichi's Liberal Democratic Party (LDP) basked in a historic election victory.
# Dollar Index declines and is trading near the 96.9 level as investors adopt caution ahead of the release of key economic data delayed by the partial government shutdown.
# Japanese stocks surged to record highs on Monday, as Prime Minister Sanae Takaichi's Liberal Democratic Party (LDP) basked in a historic election victory.
# Dollar Index declines and is trading near the 96.9 level as investors adopt caution ahead of the release of key economic data delayed by the partial government shutdown.
Cryptonians
Gold Buy 5025 TP1 5035 TP2 5040 SL: #DM ME
Running at 5032, safe traders can Book profit and exit now🔥💪