Both XAU/GBP and XAU/EUR have surpassed their previous all-time highs.
The question now is whether XAU/USD will follow suit and break its former peak, or if this could trigger a sell-off.
For XAU/USD to achieve a new high, I would prefer to see XAU/EUR and XAU/GBP consolidate while XAU/USD continues its upward trend.
On the other hand, for a reversal in this trio, I would need to observe a shift in strength among the leading pairs (XAU/GBP and XAU/EUR).
If there are no positive updates regarding the ongoing conflict, we may be looking at a potential SMT break.
#XAUUSD
The question now is whether XAU/USD will follow suit and break its former peak, or if this could trigger a sell-off.
For XAU/USD to achieve a new high, I would prefer to see XAU/EUR and XAU/GBP consolidate while XAU/USD continues its upward trend.
On the other hand, for a reversal in this trio, I would need to observe a shift in strength among the leading pairs (XAU/GBP and XAU/EUR).
If there are no positive updates regarding the ongoing conflict, we may be looking at a potential SMT break.
#XAUUSD
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XAU/GBP has already reached an all-time high, while XAU/EUR is nearing its own record. The question remains: will XAU/USD also surpass its previous peak, or will this result in a sell-off?
For XAU/USD to break its high, I would prefer to see XAU/EUR set a new all-time high and XAU/GBP maintain a period of consolidation.
Conversely, for a reversal in this trio, I would need to observe a shift in strength among the leading pairs, specifically XAU/GBP and XAU/EUR.
If there are no positive developments in the ongoing conflict, we may see a significant market trend shift (SMT break).
#XAUUSD
For XAU/USD to break its high, I would prefer to see XAU/EUR set a new all-time high and XAU/GBP maintain a period of consolidation.
Conversely, for a reversal in this trio, I would need to observe a shift in strength among the leading pairs, specifically XAU/GBP and XAU/EUR.
If there are no positive developments in the ongoing conflict, we may see a significant market trend shift (SMT break).
#XAUUSD
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Key Factors:
1. A coordinated strike by the US and Israel resulted in the death of Iran's supreme leader.
2. In response, Iran launched attacks on Israel and American military bases.
3. Attacks on tankers near the Strait of Hormuz pose a risk to 20% of the world's oil supply.
4. Oil prices reached $75, with Brent crude rising by 7.2%.
5. Gold prices climbed above $5,400 due to increased demand for safe-haven assets.
6. Global stock markets are facing downward pressure.
1. A coordinated strike by the US and Israel resulted in the death of Iran's supreme leader.
2. In response, Iran launched attacks on Israel and American military bases.
3. Attacks on tankers near the Strait of Hormuz pose a risk to 20% of the world's oil supply.
4. Oil prices reached $75, with Brent crude rising by 7.2%.
5. Gold prices climbed above $5,400 due to increased demand for safe-haven assets.
6. Global stock markets are facing downward pressure.
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#GOLD offers a crucial lesson.
Trade based on what the chart indicates, not on what the media is suggesting.
Gold didn't drop $400 today because the world has suddenly become a safer place.
It fell because the market had already factored in the prevailing fear, and when everyone anticipated a safe-haven rally, prices took an unexpected turn.
This is a lesson that many traders learn too late:
Narratives may be compelling, but price speaks the loudest.
Logic can be comforting, but price remains indifferent.
Thinking "it should rise" has never covered a bill.
Your role is not to forecast; it's to react.
Major downturns occur when traders cling to a narrative instead of analyzing the chart structure.
Conversely, significant breakthroughs happen when traders finally recognize that price is the only reality that matters.
Trade based on what the chart indicates, not on what the media is suggesting.
Gold didn't drop $400 today because the world has suddenly become a safer place.
It fell because the market had already factored in the prevailing fear, and when everyone anticipated a safe-haven rally, prices took an unexpected turn.
This is a lesson that many traders learn too late:
Narratives may be compelling, but price speaks the loudest.
Logic can be comforting, but price remains indifferent.
Thinking "it should rise" has never covered a bill.
Your role is not to forecast; it's to react.
Major downturns occur when traders cling to a narrative instead of analyzing the chart structure.
Conversely, significant breakthroughs happen when traders finally recognize that price is the only reality that matters.
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Good morning, everyone!
I apologize for my recent inactivity.
I apologize for my recent inactivity.
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Good morning, everyone. I apologize for my recent inactivity.
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#BTCUSD isn't likely to reach 49K in the near future; we're set to surge from this point.
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#BTCUSD may be transitioning from an internal to an external movement.
A confirmation on the 1H CISD will be key, and I’ll be watching for a buying opportunity near the 1H breaker.
A confirmation on the 1H CISD will be key, and I’ll be watching for a buying opportunity near the 1H breaker.
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Forex & Futures Trading News
Middle East in turmoil, 3,000 to 10,000.
The oil is bubbling.
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