XAUUSD for stocks to come off the boil And now that the fears are abating it is also providing a good reason for gold to also let out some of the steam Gold made some attempts to top earlier this month but failed to see a daily close above the key level And now price is starting to feel exhausted as it falls back to on the day
The Fib retracement outline shows that we could see a push towards $2,260 next at least before some semblance of support That coming from the Fib retracement level The next key stop after that might be a push towards Xauusd sell now 2295_2300 Tp 2290 Tp 2280 Tp2260 So 2310
Hedge funds are betting big against the Japanese yen, driving short positions to their highest level since April 2022. This aggressive stance comes despite warnings from the Bank of Japan (BOJ) that it will intervene in the currency market again to defend the yen if necessary. The data, compiled by the Commodity Futures Trading Commission (CFTC), shows a surge in...
Gold probed above for the second time, inflated by increased safe haven demand following Israel’s attack on Iran early Friday Although the spike above the metal’s price reached was so far short lived, near-term focus remains at the upside, as fears of further escalation in the region will continue to fuel demand Technical picture is firmly bullish as indicators...
Given that the momentum indicators are heavily tilted to the downside, Bitcoin could revisit its March bottom of In case of a downside violation, there is no prominent support until the resistance zone of
EURUSD session on Friday but managed to recover to the area In the absence of high tier data releases, investors will keep a close eye on headlines surrounding the Iran Israel conflict
AUDUSD Last night in Japan BOJ policymaker Asahi Noguchi highlighted the mixed impacts of a weaker yen noting that while some large firms have benefited it poses broader economic challenges Noguchi expressed increasing confidence in reaching the
GBPJPY signaling a trendless market. Similarly the RSI continues to hover around confirming the current indecisiveness of market participants. More importantly, the stochastic oscillator is trying to edge above its moving average, but such a move needs to pick up pace in order to be seen as a strong signal
Intraday bias in GBPUSD is back on the downside as fall from resumes. Deeper decline would be seen to 100% projection Firm break there will target projection at next On the upside above resistance will turn intraday bias neutral again first
USDJPY sell Although the former is still below its trigger line it is running above zero and shows signs of bottoming while the latter has already bottomed after finding support at its equilibrium level
It is still too early to say whether EURUSD is undergoing a correction of the downtrend or a reversal given the strong bullish in hours keeps bullish hopes alive
The Momentum Trap: Gold's relentless rise could be fueled by a self-fulfilling speculative frenzy. This trend Gold sell now 2382_2385 Tp2370 Tp2360 Sl2392
Gold line of defense against further advances. With markets stretched and in overbought territory gold may struggle to clear this barrier but in the event of a breakout we could see a move towards $2,500 Xauusd buy now_2372_2362 Tp_2380 Tp_2400 Tp_2450 Sl_2358
The US dollar is soaring, and investors are scrambling to jump on the bandwagon. This surge in demand is reflected in the options market, where the cost of betting on further dollar appreciation has reached its highest point since November 2023. This trend highlights the growing confidence in the US economy's resilience, prompting a flight to safety in the...
XAUUSD BUY opportunity strong bullish There are several other reasons that could explain why gold has done so well this year Here are some possible explanations for its ascent
Xauusd Higher bond yields weigh on Gold as they increase the opportunity cost of investing in it However Gold has performed strongly in the past few weeks despite rising bond yields amid geopolitical tensions in the Middle East region As a safe-haven asset Gold demand from investors and central banks increases at times of global economic uncertainty and worsening...
GBPJPY level for confluence The sellers on the other hand will want to see the price breaking lower to position for a drop into the lower bound of the channel eventually targeting a break below it
BTCUSD On the other hand if the bulls are able to flip the previous high into support like they did with the support previously as highlighted in purple, then that would be a promising move Investors should watch for a decisive flip of the blockade into support A bounce atop this base would inspire more buy orders sending BTC price to the local top at least one