Gold prices advanced on Tuesday as both the dollar and Treasury yields retreated from recent highs. This shift in financial markets comes just ahead of critical U.S. inflation and job data releases scheduled for this week, which have the potential to significantly influence the future direction of interest rates. **Key Points:** - **Spot Gold:** As of 0113 GMT,...
Based on technical factors there is a Buy position in : 📊 XAUUSD 🔵 Long Now 1916.35 🧯 Stop loss 1900.60 🏹 Target 1 1929.80 🏹 Target 2 1945.50 💸RISK : 1% We hope it is profitable for you ❤️ Please support our activity with your likes👍 and comments📝
Gold posted modest gains last week and ended a four-week losing streak. Gold remains resilient despite US Federal Reserve Chairman Jerome Powell signaling on Friday that the central bank will maintain its 2% inflation target and not look to cut interest rates anytime soon. Forecasting the gold price trend this week, the latest Kitco News gold survey results show...
Gold prices have stayed relatively high on this Monday morning, partly due to a slight dip in the value of the US dollar. Although Fed Chair Jerome Powell and other officials, including Mester, hinted at the possibility of further monetary policy tightening if needed, the prevailing trend in economic data suggests that interest rates might stay unchanged for a...
September is well-known in the world of finance for its distinctive seasonal trends, some of which have substantial statistical and theoretical backing that can warrant strategic investments. One of the most widely recognized adages associated with September is its reputation as a challenging month for stock markets. What might be less familiar, however, is that...
According to a research report by Quek Ser Leang, a market strategist at UOB Global Economics & Markets Research, there is potential for further decline in the EUR/USD based on technical analysis. In the previous week, the currency pair broke below the July low of 1.0832 and briefly fell below the 55-day exponential moving average, which was around 1.0790 at the...
Gold prices have seen a modest increase in early Asian trading. Nonetheless, ANZ analysts express concern that the precious metal might face downward pressure due to Federal Reserve Chair Jerome Powell's resolute stance at the Jackson Hole symposium last Friday. Powell, in his remarks, maintained a hawkish tone and hinted at the possibility of further tightening...
Gold found stability at approximately $1,915 per ounce on Monday. This comes as investors continue to assess the implications of Federal Reserve Chair Jerome Powell's remarks at the Jackson Hole symposium. They are also eagerly anticipating upcoming economic data releases in the United States, which will play a crucial role in shaping the outlook on interest...
Good day, traders. I hope you had a fantastic weekend and happy Monday. Today, we'll be examining the GBPUSD.I'll be keeping an eye on the market action between 1.26178 and 1.26623 to see if there is any bearish momentum, and above 1.26623, we'll be looking for any potential bullish momentum that might take us up to the 1.2800 zone.
last week the price managed to form a new HH and at the close it looks corrected. the chances are that the price will still have a limited downside before continuing bullish.
US Oil analysis looks positive last week. price drops towards SnD area. if you look at the closing of the week the price was corrected but unable to form a new HH, chances are that next week the price will continue its bearish trend.
closing the market in the silver market last week it can be seen that there was confusion, look at the candles that I gave this dotted line. at the beginning of next week there is a possibility of sideways before the price is corrected in the SR Flip area.
after the price breaks the HH, a correction occurs with the price breaking the trendline (dotted blue line) and forming a new LL, most likely it will continue its bearish trend. the bearish trend here is a correction trend, we can expect the price to reach fibo 0.236
I analyze USDJPY using the D1 time frame so that we can know in general terms the trends that are occurring and the possibilities that could occur in the future. If you look at the series of waves that have occurred, currently there is a correction in wave B with the price forming waves a-b-c-d-e and heading to the QM area. by adding the RSI indicator we can see...
EURJPY last week was seen at the start of bearish, it has not been proven that there is a big bearish trend, this bearish possibility is just a correction. you can take a chance with the boundaries of wave B in the QM area. use the right money management to trade in this pair.
continuing last week's analysis, where the price could not increase more than the invalid area. the price is back down to continue the bearish trend. the farthest target is still on the red line below.
Trading proposals post based on price action, technical analysis, major intraday supports and resistances, rejections, breakouts, chart patterns and other factors . Trading suggestion : 📍 EURUSD 🔰 LONG 🟢Buy Now or Buy at : 1.0790 ⛔️Stop Loss : 1.0757 🌀Take Profit 1 : 1.0867 🌀Take Profit 2 : 1.0920 🌀Take Profit 3 : 1.0977 ⛔️ Trading and investment...
Analysis: Bullish Confluences Overall longer term upwards trend Retest of a previous key level Longer term upwards trendline present Bullish falling wedge pattern forming GBP is the 2nd strongest major currency whereas the USD is the 4th strongest major currency 4k short position decrease for the GBP 3k long position decrease for the USD Bearish...