Greetings, savvy gold investors! Today, let's dive into the volatile gold market, uncover hidden trends, and provide sound forecasts for those holding the precious metal. Gold Prices Edge Higher: As trading commenced, gold prices hovered around the $2,350/ounce mark, reflecting investor caution amidst mixed economic signals. ISM's US services PMI data for...
Hello investors and those interested in the gold market. Today, let's take a look at the recent trends in the global gold price together. In the context of global fluctuations due to the impact of the pandemic and economic factors, the price of gold continues to be one of the key indicators of concern. The world gold price today generally decreased by -0.30%...
Brian Hello everyone, at the end of yesterday, gold has regained recovery but did not hold too long and up to now this metal once again under the control of the bear in the short term with the transaction level Currently at 2335 USF and lose 15 USD a day. Accordingly, the short term of gold is still under pressure, but in terms of drought in the 1D chart, the...
Hello everyone, this is Brian. Yesterday, gold prices experienced a slight recovery, climbing to $2350 and maintaining this stable level up to now. However, the volatility of this precious metal has not yet been clearly confirmed as the price continues to move within a range and hasn't broken out. I anticipate that gold will continue this accumulation phase,...
Hello everyone, how do you think gold will trade today? In the short term, gold is showing signs of a slight recovery, but this is not expected to last as it has broken through the support level of 2330 USD. Today's outlook continues to favor selling as long as gold remains below the EMA 34 and 89 lines. What about you? What are your thoughts on this...
New week...new Month...new opportunities. sitting on hands to wait for price to confirm what direction it wants to go. With todays price action it looks like it wants to now push higher to start the month off. Expecting better sell opportunities later in the month. Lets see how today plays out. London session should be interesting.
Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 2301 zone, Gold is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 2301 support and resistance area. Fundamentally the current inflation risk fading in the US made metals, indices and cryptos interesting again. Trade...
Hello everyone, let's explore how gold prices are likely to fluctuate this weekend! Currently, gold is hovering around the 2345 USD mark, showing little change compared to the beginning of the trading session. The current trend is in a consolidation phase, waiting for new data from the much-anticipated U.S. Core Personal Consumption Expenditures (PCE) Price...
Hello everyone, Brian here. Today, gold is closing at $2,327. We've seen a slight decline towards the end of the day following the Personal Consumption Expenditures (PCE) Price Index report for April, which showed a 2.7% increase year-over-year, matching market expectations. The core PCE Price Index for April also rose 2.8% compared to the same period last...
Hello everyone, Brian here. USD/JPY has completed its retracement to the 0.618 Fibonacci level, and the long-term outlook remains optimistic. The pair is on track to reach the 1.618 profit target, continuing its strong performance above the two EMA lines. Additionally, the 151.100 level has now become a new support after buyers successfully broke through the...
Hey Traders, in today's trading session we are monitoring GBPUSD for a buying opportunity around 1.26400 zone, GBPUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.26400 support and resistance area. Fundamentally the risks of Inflation are fading in the US. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring EURCAD for a buying opportunity around 1.47700 zone, EURCAD is trading in an uptrend and currently is in in a correction phase in which it is approaching the trend at 1.47700 support and resistance area. Trade safe, Joe.
This currency pair is at a support level. Prices had rejected that zone several times. Although the structure looks like a head and shoulder pattern, the support level hasn't been broken yet therefore an opportunity to buy is the best choice. The profit target should be the first resistance level. DISCLAIMER The signals provided by LeoFX are for informational...
Take a look at our analysis for GBPNZD. Time Frame: 10h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2.074. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2.082 level. P.S Overbought describes a...
Here is our detailed technical review for GBPCAD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.736. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.744 level. P.S Please, note that an...
Please, check our technical outlook for GBPUSD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1.273. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.281 level. P.S Overbought describes a period of...
Here is our detailed technical review for USDCAD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.362. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.367 level soon. P.S The term oversold refers to a...
Hello,Friends! We are going long on the AUD/CHF with the target of 0.608 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅