Gold (XAUUAS) Short-term rise, but long-term bearish.
The gold price is $ 2075 / oz from August 2020 falling to the low $ 1676 / oz in March 2021, and the chart pattern presents a downtrend.
March-April gold prices rose mainly due to
1. U.S. Dollar Index fell.
2. The U.S. Treasury Yield Curve Rates at a range of 1.6-1.7%, stay in the range and no longer rise.
3. The World's Macroeconomy has inflation doubts in the future.
By the technical analysis:
Daily Chart, the Moving Average System: MA60 has "Death Cross" MA200 on February 10th, so it is recommended to sell at a high position.
Although the price may continue to rise in the short term, it is still recommended to go short below the moving average (MA200).
Recent range: 1765 - 1860
Update: May 07. 2021
Forecast validity: 10 - 20 Market Days.
#HyperAlphaPro
#FX
#Forex
#Trader
#Trading
#XAUUSD
#Gold
Detail and Tracking:
https://www.tradingview.com/chart/XAUUSD/Tx3oHDc4
The gold price is $ 2075 / oz from August 2020 falling to the low $ 1676 / oz in March 2021, and the chart pattern presents a downtrend.
March-April gold prices rose mainly due to
1. U.S. Dollar Index fell.
2. The U.S. Treasury Yield Curve Rates at a range of 1.6-1.7%, stay in the range and no longer rise.
3. The World's Macroeconomy has inflation doubts in the future.
By the technical analysis:
Daily Chart, the Moving Average System: MA60 has "Death Cross" MA200 on February 10th, so it is recommended to sell at a high position.
Although the price may continue to rise in the short term, it is still recommended to go short below the moving average (MA200).
Recent range: 1765 - 1860
Update: May 07. 2021
Forecast validity: 10 - 20 Market Days.
#HyperAlphaPro
#FX
#Forex
#Trader
#Trading
#XAUUSD
#Gold
Detail and Tracking:
https://www.tradingview.com/chart/XAUUSD/Tx3oHDc4
BitCoin is still bullish in the Long-term.
Recently, most of the funds in the crypto market have been transferred to Dogecoin(DOGEUSDT).
The price of Bitcoin has been in a consolidation pattern since it reached a high of USD.64895 on April 14th, and it is still in a sideways order at USD.52000-5900 (as shown in the yellow box).
BitCoin is still bullish in the Long-term:
1. Buy at low price level. (support)
2. Break through the upper resistance of the "Uptrend Channel" to chase long.
Recent range: USD.50000 - 65000
Update: May 10. 2021
Forecast validity: 20 - 60 Market Days.
#HyperAlphaPro
#FX
#Forex
#Trader
#Trading
#BTCUSD
#BitCoin
#Crypto
Detail and Tracking:
https://www.tradingview.com/chart/BTCUSD/qbBrAsxd
Recently, most of the funds in the crypto market have been transferred to Dogecoin(DOGEUSDT).
The price of Bitcoin has been in a consolidation pattern since it reached a high of USD.64895 on April 14th, and it is still in a sideways order at USD.52000-5900 (as shown in the yellow box).
BitCoin is still bullish in the Long-term:
1. Buy at low price level. (support)
2. Break through the upper resistance of the "Uptrend Channel" to chase long.
Recent range: USD.50000 - 65000
Update: May 10. 2021
Forecast validity: 20 - 60 Market Days.
#HyperAlphaPro
#FX
#Forex
#Trader
#Trading
#BTCUSD
#BitCoin
#Crypto
Detail and Tracking:
https://www.tradingview.com/chart/BTCUSD/qbBrAsxd