Joe_bghlm

Joe_bghlm

Currently, XAUUSD (Gold/USD) is trading around $2,333. In the short term, the market sentiment is showing mixed signals. The technical analysis indicates that gold has recently faced strong resistance levels around $2,450, with critical support levels near $2,300. Despite recent bearish pressures due to a stronger US dollar and rising yields, experts suggest that...

Joe_bghlm Updated 

The AUD/USD pair has encountered resistance around the 0.66333 price level on the daily timeframe, indicating potential downward pressure. This rejection could signal a movement towards the support level at 0.64857. Traders may monitor this development closely for further price action confirmation.

Joe_bghlm Updated 

The US30 index is exhibiting bullish momentum following a break above key resistance levels. This surge is fueled by recent developments highlighted in an article discussing Federal Reserve Chair Jay Powell's measured response to escalating inflation. Unlike previous statements, Powell's composed approach towards inflation, aiming to avoid aggressively targeting a...

Joe_bghlm Updated 

Gold rebounded swiftly last week, finding support around the EMA200 at the 2307 level on the 3-hour timeframe. There's potential for a revisit to the 2400 level this week, especially with the Fed keeping Interest rates unchanged until the inflation cools

Joe_bghlm

Gold prices are affected by Treasury yields and Consumer Price Index (CPI) data. High inflation typically leads to higher Treasury yields due to low unemployment and an overheating economy, which can decrease gold's appeal due to rising unemployment, making gold more attractive as a safe investment. Thus, gold tends to decline with high Treasury yields in...

Joe_bghlm

Gold prices are influenced by Treasury yields and economic data from the Producer Price Index (PPI). When inflation rises, Treasury yields tend to increase, often driven by higher employment rates and an overheating economy, which can push gold prices down. Conversely, when deflationary trends appear, Treasury yields typically fall, often due to higher...

Joe_bghlm

These are the places where the Bank of Japan might step in to influence the market, but they won't announce it when they do. so be extremely careful as the price rapidly decreases

Joe_bghlm Updated 

Oil prices have dropped below $77.5, hinting at possible further decreases. The next support levels are around $76.8 and $76. With tensions in the Middle East, caution is advised for investors as geopolitical issues often affect market trends.

Joe_bghlm Updated 

The USD's daily rebound prompted a sudden reversal, leading to EUR/USD relinquishing some of its gains from the past four sessions on Tuesday. Once more, the pair struggled to retest or surpass the crucial 1.0800 level, which represents its weekly peak thus far.

Joe_bghlm

Ethereum recently broke out of a bullish triangle pattern on the 60-minute chart, suggesting a potential uptrend in the short term. The current bullish momentum appears promising, indicating that ETH might continue to rise throughout the day.

Joe_bghlm

In recent days, Bitcoin's price dropped below the $60,000 mark, signaling a strengthening of the bearish trend we've been anticipating. If the price continues to hover around this level for a while longer, it will further confirm the strength of this bearish breakout, potentially attracting more bearish investors. In such a scenario, we could expect Bitcoin...

Joe_bghlm

The current price of GBP/CHF is testing the upper limit of a zone where it has been repeatedly rejected in the past, suggesting a potential upcoming bearish movement. This prediction is reinforced by a significant rise in Switzerland's April Consumer Price Index (CPI), which exceeded expectations by reaching +1.4% compared to the anticipated +1.1%. The initial...