Dear traders! Gold prices are consolidating the previous recovery in a downtrend but remain limited in a narrow range near $2,350. Accordingly, News is ahead, we are waiting for the highly anticipated US Core Personal Consumption Expenditures Price Index, the Federal Reserve's preferred inflation measure, for momentum new directional force. You need to understand...
Dear traders! EURUSD continues to remain within a medium to long-term downtrend channel despite some mild recovery yesterday, but overall still unable to overcome 1.0850 resistance amid shifting sentiment from That pulled the EU down sharply to near the 1.0800 support level as of now. Accordingly, Resistance at 1.0850 continues to hold prices amid correction and...
Dear traders! Gold (XAU/USD) traded steady at $2,340 on Friday, pausing a difficult recovery from Thursday's three-week low around $20 lower. The recovery came after weaker US growth data showed inflation will be contained and interest rates are likely to fall. As a non-yielding asset, lower interest rate expectations are positive for Gold. And if the upward...
Dear traders! Conan sees GBP/USD gradually forming an inverted cup and handle pattern. Theoretically, the pair should quickly break the 1.2680 support level and fall further, as the fundamental and technical outlook is negative. Meanwhile, the confluence of the two EMAs around 1.2730 suggests continued weakness in the short term. If the decline continues, the next...
Dear traders! On the demand timeframe we see EURUSD trading on an uptrend basis after it previously broke out of downtrend resistance. The technical outlook is optimistic and the Uptrend will certainly be supported by buyers higher and we would expect a local price increase targeting the medium to long term near the 1.1000 mark.
Dear traders! Today's world gold price is listed on Kitco at 2,344 USD/ounce, up 7 USD/ounce compared to early yesterday morning. Accordingly, recently, traders' views have increasingly favored the scenario in which the Fed will keep interest rates higher for longer, increasing the opportunity cost of holding the yellow metal and creating Strong resistance level...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) rises on Friday due to a weaker US dollar and lower US yields. Traders expect the Federal Reserve to cut interest rates following weak US GDP data. Geopolitical risks in the Middle East may also boost gold as a safe-haven asset. Later, gold traders will monitor the US Core PCE...
Dear traders! From the previous H2 chart, we see the trend changing, then the market moved into a consolidation phase and reached 1.2681. Accordingly, the resistance area continues to hold the price amid corrections and sell-offs. With the current trend, price reduction is possible. I expect that after the recovery period according to the Fibonacci measurement and...
Dear traders! Let's discuss and strategize today with Conan! Overall, EUR/USD approached the 1.0800 level and broke out as Conan had previously predicted. The pair appears to be at a loss as US dollar strength is sustained and risk appetite is fading. By maintaining a low level below the 34.89 2-day EMA, I expect EURUSD to have more selling opportunities with...
Dear traders! Gold experienced significant volatility yesterday with a sharp slide above the $2347 support level and reaching the $2334 mark in line with a classic bearish flag structure. At the time of writing the price is aiming to test the $2,325 mark amid a correction and sell-off supported by a firmer US Dollar and higher US bond yields. Diminishing...
Dear traders! Earlier we saw the bulls' attempt to maintain a gradual rise towards the 1.0900 level. However, the Pair retreated after the unsuccessful attempt, mainly due to the strengthening of the US Dollar (USD), dragging EUR/USD to a new 5-day low near the 1.0820 region. Looking ahead, relatively weak economic fundamentals in the Eurozone, coupled with the...
Dear traders! Overall, this week's outlook for GBPUSD is bullish as it recovered and stabilized above 1.2700 after falling to weekly lows below 1.2680 early in the European session on the back of promising Retail Sales data. UK disappointment. USD struggles to find demand on the upbeat risk mood and allows the pair to hold its ground. With a positive outlook this...
Dear traders! From the chart, we see the trend changed then the market entered a consolidation phase and reached 1,269 amid changing sentiment. The resistance area continues to hold the price but in the context of the correction and sell-off I expect that after a test of the 34.89 EMA the price reaction to this area will be consistent with a target selling...
Dear traders! EURUSD has formed a classic bullish structure (bullish flag). Theoretically the pair should strengthen further. And we are expecting a further move towards targeting at least the 1.0895 local high. A breakout and consolidation above this level will see the pair looking for higher highs possibly at 1.1000. If you like the idea, don't forget to leave...
Dear traders! As Conan mentioned in yesterday's analysis, XAUUSD is currently in a recovery phase with a corrective bias, receiving support at $2350. However, overcoming the $2,400 resistance seems challenging and remains the target in the downtrend that is gradually forming on the chart. Currently in today's trading session, XAUUSD is currently trading at 2,360...
As we said few days ago, #BTC performed same. Around 17% movement after we post our analysis. Now we can see that there is a formation of ascending triangle in #BTC. We can see a little retest here and after that it will continue its rally #DYOR
Dear traders! Gold prices today continue their technical downtrend as the USD exchange rate and US Treasury bond yields increase in the context of financial markets increasing expectations that the US Federal Reserve (Fed) will keep interest rates high. longer longer.
BSE, one of the leading stock exchanges in India, is showing technical indicators that suggest a potential swing trading opportunity. Reasons are listed below : Strong Support Zone at 2600 : The 2600 level has proven to be a robust support zone, indicating significant buying interest and a strong base for a potential price rebound. Bullish Marubozu Candle :...