World gold prices increased sharply due to support from the decline in the price of the USD and falling US Treasury bond yields. The Dollar Index has dropped nearly 2.9% in the past 3 months, while the 10-year US Treasury bond yield has decreased about 1.1% compared to the end of October.
At the same time, bond yields and USD prices decreased, providing a "dual"...
4h Trend change by confirming on daily tf, price is clearly making HH,HL's.
Price currently in Discount Range, Potential Buying setup would be at Recent 4h Demand Zone, i would be looking for target above the 50% of the 4h recent leg
From a technical point of view, the FX:AUDUSD pair is very interesting and attractive, especially on a lower time frame. If we look at 1H chart we see that the pair completed 12345 bearish impulse structure (or part of corrective structure) and subsequently triggered reaction from wave 5. From our point of view, it should be correct to try to take a long...
🏃♂️ GBPUSD is moving inside a 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴 and Ascending Channel .
💡We saw two Bull Traps over the 🔴 Heavy Resistance zone($1.2670-$1.2410) 🔴.
💡Also, these two Bull Traps formed a Double Top Pattern .
🔔I expect GBPUSD to at least drop to the lower line of the ascending channel after the pull back is...
The most likely scenario is for EURUSD to climb higher up towards the rising resistance. On the chart I mentioned "Bullish Target" which is where I believe price action is likely to trend to next.
In the event I'm wrong, there are 2 bearish scenarios that I illustrated on the chart. So in terms of risk management if we can leave room to scale or add additional...
By checking the chart in the daily time frame, we can see that the price after entering the demand range of $1966 to $1985 was accompanied by a positive reaction and was able to grow up to $1945! According to the latest daily candlestick, as you can see, after entering the specified FVG, gold was accompanied by selling pressure and was able to close at the price...
In recent weeks, we have witnessed a significant drop in the value of the US dollar, primarily driven by the Federal Reserve's unexpected pivot towards lower interest rates and the simultaneous decline in inflation levels. This alarming trend has raised concerns among market participants and calls for a proactive response.
The Federal Reserve's decision to lower...
World gold prices inched up slightly as traders are waiting for important reports to know more signals about interest rates in the near future.
World gold prices increased slightly this morning with spot gold increasing by 4.7 USD to 2,062.7 USD/ounce. Gold futures last traded at 2,040.7 USD/ounce, up 5.5 USD compared to yesterday morning.
World gold fluctuated...
