Gold prices lost ground on Monday following a strong performance last Friday, pressured by rising U.S. Treasury yields - a situation that generally diminishes the appeal of the non-interest-bearing asset relative to fixed-income securities. In this context, XAU/USD finished the session around $2,0Forecasts suggest January's core PCE increased 0.4%...
EUR/USD is the forex ticker that tells traders how many US Dollars are needed to buy a Euro. The Euro-Dollar pair is popular with traders because its constituents represent the two largest and most influential economies in the world. Follow real-time EUR/USD rates and improve your technical analysis with the interactive chart. Discover the factors that can...
Over the past few weeks, Fed officials have emphasized that the market is too optimistic in expectations of policy easing Reduced cut expectations have put slight pressure on XAU World gold prices tend to increase with spot gold increasing by 1.3 USD to 2,036.6 USD/ounce. Last week, the world gold market was less volatile with prices fluctuating in a narrow range...
, gold has increased by 5 in 6 moderate versions. The US Dollar Index has also decreased in 6 of the last 7 sessions. Chandler said he expects the dollar to continue its downward trend because he believes the interest rate adjustment is coming to an end. He believes that spot gold could rise to $2,050/ounce this week. If upcoming economic data continues to be...
In this live trading video,we explore the idea on if we should set a target on our JPY positions of EURJPY and USDJPY. We explore the reasons for when we should set a target and when we should not. You can cross transfer these principles on any strategy.
Usdjpy The price can break on either side of the pattern but what follows next is generally a strong and sustained move in the direction of the breakout. If the price were to break to the downside, the sellers will also need to break below the 148.70 support before confirming a bigger correction to the downside. For the buyers, on the other hand, the 148.81...
The AUD is not alone in moving higher vs the USD today. The USD is lower after US retail sales came in weaker than expectations. However, for the pair, although it did move higher, it did reach a resistance target defined by a swing area near 0.6513 and the 100-day moving average of 0.6531 The price reached between those two levels before rotating back to the...
The ensuing seller momentum could send Bitcoin price south, with a forecasted 10% fall to test the supply zone turned bullish breaker between $45,553 and $46,692 A break and close below the midline of this order block at $46,165 would confirm the continuation of the downtrend Nevertheless, if this order block holds as support, Bitcoin price could pivot for a...
Gold according to the 4-hour chart, XAU/USD lost momentum but holds on to gains, limiting the risk of a steeper slide. The 20 SMA heads firmly north, far below the current level, reflecting the ongoing momentum, while the longer moving averages remain directionless. XAU/USD hovers around a flat 200 SMA. Technical indicators, in the meantime, eased from near...
In this live trading session video,we look at current live open positions on BRENT, GBPUSD, EUR and potential trades coming on Bitcoin,Etherum,US30, etc and the thinking behind them. We also look at how we are doing on our live 100k traders challenge account.
Update for EURCAD. Earlier we spotted a confirmed bullish reversal on a daily time frame. After a violation of a daily horizontal resistance, the price started to consolidate with a bullish flag pattern on a 4H time frame. The resistance of the flag was broken today with a high momentum bullish candle. It is a strong bullish confirmation and it indicates...
Hello traders ,what do you think about GOLD?Gold is placed below the resistance zone and the trend line. It is expected to fall to the specified level after the completion of the pullback to the broken level. This week, important data will be published, including the PCE, from the US, which will affect the US dollar and ultimately the movement of gold. If this...
AUD/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Nzdusd bullish chart The NZDUSD moved higher today, helped by a report from ANZ that they now expect the RBNZ to hike rates not once but two timesIn this video, I take a look at the rise in the NZDUSD off the report and the shift in the bias for the pair. I also outline the work that needs to be done to increase the buyers confidence after the technical
Gold rebounded to $2,040 following a decline in US unemployment claims, with focus shifting to key economic data next week. Over the past week, gold prices fell to $2,020 following PMI data and US unemployment claims on Thursday but then recovered to $2,040 heading into the weekend. In the context that Fed officials are not yet ready to cut interest rates and the...
BTC hit 50000 but another target 90000 We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind BTC uptrend expected
EUR/USD news to watch will be the second estimate from Europe. Economists expect the data to show that the economy stalled in Q4. Eurostat will also release the latest weak industrial production data. The EUR/USD pair made a strong bearish breakout this week. It moved below the lower side of the bearish flag pattern. The pair also retreated below the support at ...
Hello traders ,what do you think about GOLD? In this week, gold did not have any big movement and was fluctuating. Looking at the chart, we can see that it has broken the trend line and is under the resistance zone. After the pullback to the broken level, it is expected to drop to at least the indicated level If this post was useful to you, do not forget to like...