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GOLDFXCC

Potential for a bullish pullback on the NASDAQ which could lead to a price movement towards the resistance level at 21700. Buy Levels from 21200-21250

GOLDFXCC Updated 

- Gold prices soared to a new record high of $2,817 last week, driven by rising concerns over tariffs and inflation. President Trump’s announcement of 25% tariffs on imports from Mexico and Canada, coupled with the possibility of additional tariffs on Chinese goods, fueled fears about disrupted supply chains and higher costs. Over the past month, gold has risen by...

GOLDFXCC Updated 

Trump’s call for lower interest rates at the World Economic Forum added to the dollar’s slide. A weaker greenback enhances gold’s appeal by making it more affordable for foreign buyers, further boosting its demand. Tariff and Trade Uncertainty Lend Support Trump’s rhetoric on trade, including a potentially “friendly” resolution with China, has left traders...

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Potential for a bearish pullback on the XAUUSD H1 which could lead to a price movement towards the support level at 2688

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Potential for a bullish pullback on the DOW Jones which could lead to a price movement towards the resistance level at 44200

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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...

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Potential for a bullish pullback on the OIL 4D which could lead to a price movement towards the resistance level at 92.00

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Potential for a bearish pullback on the AUDJPY 4D which could lead to a price movement towards the support level at 85.000

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Potential for a bearish pullback on the NASDAQ 1D which could lead to a price movement towards the support level at 19.800

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Potential for a bearish pullback on the CHJPY 4D which could lead to a price movement towards the support level at 165.000

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- 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.

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Potential for a bullish pullback on the NASDAQ M45 which could lead to a price movement towards the resistance level at 21.500

GOLDFXCC Updated 

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.

GOLDFXCC Updated 

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...

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Potential for a bearish pullback on the US30 H2 which could lead to a price movement towards the support level at 44300

GOLDFXCC Updated 

Potential for a bearish pullback on the NASDAQ H2 which could lead to a price movement towards the support level at 21.400

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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.

GOLDFXCC Updated 

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...