XAUUSD While there were some hawkish elements in the Feds guidance such as the upward revision to the long run equilibrium rate traders chose to focus on the near term future and the fact that the easing cycle is inching closer and looming on the horizon
The dynamics of Bitcoin trading are ever changing and the failed breakout on The 1-hour chart is a a stark reminder of the volatility and uncertainty inherent in cryptocurrency markets Whether Bitcoin will bounce back or continue its descent is a question only time will answer For now traders should brace for a potential test of the green support line and...
Having said that ceilings are meant to be broken If it happens it would take the USDJPY to the highest Level
XAUUSD While there were some hawkish elements in the guidance such as the upward revision to the long run equilibrium rate traders chose to focus on the near term future and very easy fall soon gold
GBPJPY selling expected at the last meeting removing the tightening bias but reaffirming that they will keep low
So buyers had a shot on the rise after Australia employment data That shot failed against the topside trendline and the subsequent move back between the cluster of movingly averages
EURUSD Therefore the pair may resume the down ward trends sincerely it has formed a break and retest pattern If this happened the next point to watch
yesterday broke above the counter trendline and rallied strongly as the buyers piled in aggressively following the Fed decision and the breakout The price is now a bit overstretched As depicted
XAUUSD will hold its March meeting this week Although the central is largely expected to keep its policy settings unchanged the institution led by Jerome Powell could modify its forward guidance and adjust its outlook in the quarterly summary of economic projections in light Of gold
The pair has dropped below the lower side of the ascending channels which connects the lowest swing sincerely It has moved below the Period Arnaud Legoux Moving Average
and the daily 21 moving average. This is where we can expect the buyers to step in with a defined risk below the support to position for a rally back to the highs The sellers on the other hand will want to see the
Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against...
The GBP/USD pair continued to rebound after the latest UK GDP numbers showed that the economy returned to growth
EURUSD Jerome Powell hinted that the Fed was convinced that inflation was still bullish and that The bank was hopeful that it would start cutting rates later this year
I am happy to hold a long position and I think it is wisest to look for long trades. Two consecutive higher hourly closes above the all time high of $73054 could be a good entry signals
Markets got overexcited by Powell’s comments, providing bullish investors with a reason to drive XAU/USD upwards. However, the picture has begun to change over the past few sessions, with a new storyline unfolding in the wake of disappointing consumer price data, revealing a stark reality: progress on disinflation is stalling and possibly even reversing
Hey Everyone, PIPTASTIC finish to the week completing our chart idea!!! Yesterday we stated that we had the break above 1999 opening 2007 and 2010. - Both these targets were hit with plenty of time to get in for the action, inline with our plans to buy dips. We will now come back Sunday with our multi timeframe analysis, Gold route map and trading plans for...
Gold rises despite the United States Bureau of Economic Analysis (BEA) has reported that the economy grew at a higher pace of 3.2% against 3% as anticipated by the market participants. In the July-September quarter, the Gross Domestic Product (GDP) rose strongly by 4.8%. An upbeat GDP data is expected to weaken the consensus argument advocating early interest...