Potential for a bearish pullback on the XAUUSD H1 which could lead to a price movement towards the support level at 2688
Potential for a bullish pullback on the DOW Jones which could lead to a price movement towards the resistance level at 44200
On the technical side, a breakout above $2693.40 would signal strong bullish momentum, with a potential rally toward $2726.30. However, failure to hold support at $2663.51 could shift sentiment bearish, exposing gold to a decline toward $2644.52. Additional uncertainties, such as President-elect Donald Trump’s proposed tariffs, are adding to gold’s allure amid...
Potential for a bullish pullback on the OIL 4D which could lead to a price movement towards the resistance level at 92.00
Potential for a bearish pullback on the AUDJPY 4D which could lead to a price movement towards the support level at 85.000
Potential for a bearish pullback on the NASDAQ 1D which could lead to a price movement towards the support level at 19.800
Potential for a bearish pullback on the CHJPY 4D which could lead to a price movement towards the support level at 165.000
- Looking ahead a sustained cooling of inflation or signs of economic slowdown could weaken the dollar and lower yields, both of which would boost gold. Geopolitical risks may also revive safe-haven demand. Until these factors align, gold’s near-term outlook leans bearish, with limited prospects for a sustained rally.
Potential for a bullish pullback on the NASDAQ M45 which could lead to a price movement towards the resistance level at 21.500
The US Dollar Index (DXY) remains range-bound between 105.722 and 106.843, maintaining a bullish outlook. Meanwhile, gold prices temporarily continue to benefit from ongoing geopolitical uncertainties and signals of global monetary easing, especially from China. However, with the DXY gaining bullish momentum, gold may soon face downward pressure.
Important Gold Update The US Dollar Index (DXY) remains range-bound between 105.722 and 106.843, maintaining a bullish outlook. Meanwhile, gold prices temporarily continue to benefit from ongoing geopolitical uncertainties and signals of global monetary easing, especially from China. However, with the DXY gaining bullish momentum, gold may soon face downward...
Potential for a bearish pullback on the US30 H2 which could lead to a price movement towards the support level at 44300
Potential for a bearish pullback on the NASDAQ H2 which could lead to a price movement towards the support level at 21.400
The GBPJPY shows potential for a bearish pullback, which may drive the price down toward the support level at 182.000. Key selling opportunities are anticipated around the 193.000 levels, presenting a strategic entry point for traders aiming to capitalise on this potential downward movement.
Market Update —Trump’s BRICS Tariff Threats Bolster Dollar’s Appeal - President-elect Trump heightened geopolitical tensions by threatening BRICS nations—Brazil, Russia, India, China, and South Africa—with 100% tariffs if they pursue an alternative currency to challenge the U.S. dollar in global trade. The move underscored the dollar’s pivotal role in...
- Possible bullish pullback price movement towards the resistance 0.80$ within the next period.
- Possible bullish pullback price movement towards the resistance 3.200$ within the next period.
- Gold prices closed the week at $2,650.35, marking a recovery from earlier losses as traders prepared for critical U.S. economic data and Federal Reserve decisions. The upcoming Non-Farm Payrolls (NFP) report is expected to play a pivotal role in shaping market sentiment. Last month’s payroll growth of just 12,000, affected by temporary factors like Hurricane...