There simply wasn't enough investor demand This lack of interest was probably due to the hope that inflation would slow bullish quickly and the economy would not suffering
Gold should remain supported as we head into the easing cycle but a more hawkish Fed could weigh on it in the short term In fact we can say that the gold support leve 2320 zone bullish area target is 2370-2380 will likely decide its fate as strong data should trigger a hawkish repricing in the markets and weigh on theprice in the short terms while
Gold has been rallying non stop lately for no clear reason as the name usual inverse correlation with real yields broke down There are talks of heavy central bank buying with China being at the forefront as it might be looking to de risk from US Treasury bonds In the big
Xauusd buy The precious metal is staying poised in trading today despite the dollar also sitting higher on the session After hitting highlight a concerning trending progress only I think Xauusd more bullish
XAUUSD BUY opportunity 2360 Conversely should bulls reclaim firm command of the market, resistance awaits at as previously noted In case of a breakout prices would enter uncharted territory making it challenging to pinpoint potential resistance levels However a notable area of interest may lie at corresponding to an ascending trendline XAUUSD SELL opportunity 2200
Btcusd falls into The other important reason is that the US government may auction thousands of Bitcoins which it recovered following the collapse of Silk Road. The wallet holding these coins which are worth over $2 billion completed several transactions this week As a result this liquidation could lead to more Bitcoin supply which could affect its prices
Intraday bias in EUR/USD remains on the upside at this point Rise from is seen as the third leg of the corrective pattern from Further rally would be seen to resistance zone on the
Gbpusd There is nothing of high importance scheduled today concerning the GBP Regarding the USD there will be a release of Unemployment
GBPJPY opportunities going forward and therefore I like the idea of looking for value every time I can With this being the case I do believe that we eventually go looking back to the upsides and then try to get to the
Bitcoin BTCUSD price upward momentum is showing again following reports that Banks are approaching miners to BUY BTCUSD directly Meanwhile eyes remaining
Xauusd hes from gaining greater confidence to finally begin reducing borrowing costs gold may find itself in a more advantageous position to initiate its next leg higher Upside inflation risks evident in recent data however
USD JPY has formed a Head and Shoulders Pattern at a resistance key level. Confirmation for SELL was Doji and close below candlestick at the right shoulder.
AUD USD has formed a Falling Wedge Reversal Pattern on the 1hr timeframe and the market has broken the Lower High market structure, we need to see a pullback - Retest before taking entry Buy - Long. ⏰
USD Index (DXY) Caught Between a Rock and a Hard Place. Catalyst May be Needed for a Breakout. The US Dollar Index (DXY) has struggled to maintain the upside momentum it gained over the last 2 days. This could in part be down to the Thanksgiving Holiday and we could get a continuation of the recent bounce heading into next week. The US Dollar has struggled on...
Btcusd ago that the technical picture suggested that the price has topped out at about some way below the recent all-time high near I saw two consecutive hourly closes as a good
BTCUSD The technical picture has become a big bit more as the price has declined further although it seems to have found firm support at Despite that There is strong resistance just overhead at whichever
EURUSD after some encouraging European inflation numbers It also rebounded after the important statements from Marys Daly and Loretta Mester who are Federally Reserved
Gold is high The he precious metal is staying poised in trading today despite the dollar also sitting higher on the session’s Afterhitting record highs last week gold buyers have