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
XAU/USD trades near $2,371 and the daily chart shows that the slide may continue. Technical indicators retreat from extreme overbought levels, suggesting the decline may continue. Still, a steeper slide remains out of the picture, as XAU/USD refuses to give up while developing its moving averages above all Simple Moving Average (SMA) maintains its firmly bullish...
Looking at the 4-hour chart above, the price is now within a swing area that was a highlight going back to February and into March. That ceiling was ultimately broken in mid-March, and has traded above and below the swing since that time. Earlier this week, the price move back above the swing area, but has reversed lower. Technically, the price is looking to test...
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
Additionally, the rising tension between Israel and Iran heightens concerns of a wider conflict in the Middle East, providing some support to safe-haven currencies like the Japanese Yen (JPY) and creating a headwind for the GBP/JPY cross. The latest data from the Office for National Statistics showed on Friday that UK Retail Sales arrived at 0% MoM in March from...
The most recent leg down, which started on April 10, was driven by a sudden strengthening in the US Dollar (USD). A run of strong macroeconomic data from the US, a solid labor market and persistently high inflation means the US Federal Reserve (Fed) cannot go ahead and cut interest rates as soon as it had been planning. The expectation of interest rates...
On the 4 hour chart, we can see more clearly the bearish setups around the 1.24 and the 1.25 handles. If the price were to break above the 1.25 resistance zone, we can expect the buyers to increase the bullish bets into the trendline targeting a break above it. There’s not much else to glean from this chart, so we need to zoom in to see some more details Gbpusd...
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
USDJPY 1 day chart For the yen, the move is particularly notable as it pushes into technical blue skies Eyes are on Japan for signs of intervention but given that the recent move has largely been on broad USD buying following fundamentally stronger CPI numbers, it's a tough one to lean against. There have been signs of a managed decline but no real intervention....
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