Gold prices have recovered slightly during today's Asian session and are currently trading around the $2,330 resistance level.
Gold prices have now recovered after falling sharply following last night's US GDP data and the precious metal is currently trading around $2,330. Although gold's upward momentum has weakened when the RSI indicator on the daily chart...
USDCAD leaves multiple bullish clues after a test of a key daily support.
One of those is a bullish breakout of a resistance line of a falling parallel
channel on an hourly time frame.
The pair may bounce today.
Goal - 1.3685
❤️Please, support my work with like, thank you!❤️
Likely to hit upper targets in a few days.
Rising RSI
Rising momentum
Good volume
Strategy supporting BUY position and hold till Target 4.
All the best.
As the new trading week kicks off, the EUR/USD pair finds itself in a sideways movement, hovering around the 1.0660 mark. Last week, market participants witnessed a potential bullish momentum, sparked by several technical signals indicating a shift in sentiment.
One notable signal was the recognition of a bullish impulse originating from the 78.6% Fibonacci...
Gold at the historical past of greenback correction is strengthening to the resistance of the bearish channel, which became shaped at the historical past of sell-offs. Ahead of robust information, at the historical past of which the charge may also attain the liquidity area earlier than similarly decline.
On the excessive timeframe, a fake breakdown of guide is...
Gold increased mainly due to escalating tensions between Iran and Israel. Gold prices recorded the fifth consecutive week of increase. Israel's response came a week after Iran's drone and missile attacks on Israel pushed gold prices to a record high above 2,428
Recent statements from Fed officials suggest there is no rush to cut interest rates in the short term....
Following strong downward pressure on GBP/USD as the UK's Office for National Statistics (ONS) said the UK labor market weakened significantly in March. UK labor market data suggests that uncertainty about the economic outlook will likely force BoE policymakers to start cutting interest rates sooner than previously expected.
At the end of the week GBP/USD...
The world gold price just went through a bad session when it dropped to 68 USD/ounce after just one trading session. Investors sold off massively, causing the precious metal to quickly fall to close to $2,300 per ounce. Investors witnessed the largest single-day drop in more than three years. Gold futures price dropped sharply by 65.6 USD/ounce (equivalent to...
EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in the risk mood after the previous flight to safety weighed on the US Dollar ahead of the weekend and helped the pair move higher. The driving force for recovery was the selling pressure on the USD when the DXY index dropped to 105.78. However, the bullish outlook for...
📌 GBP/USD has bounced back and is trading around 1.2470 after UK CPI data beat market expectations.
📌 Inflation in the UK has now fallen to 3.2% in March, lower than the previous month's 3.4% but higher than market expectations of 3.1%. After the CPI data was released, the British Pound regained its upward momentum as rising inflation may affect the BoE's plan to...
Gold prices stabilized after hitting a more than two-week low as concerns about escalating tensions in the Middle East subsided, while investors await key economic data to further clarify the timing of interest cuts. US capacity.
Markets are also paying attention to signals from the United States, with US inflation data and a Federal Reserve statement suggesting...
➡️GBP/USD is holding a range at around 1.24300 during the European session on Wednesday. A broadly bearish US dollar combined with risk-off sentiment in the market supported the pair, as traders awaited US Midsize Durable Goods data for further trading guidance. .
➡️The main trend of the GBPUSD market is still in the falling price range. The pair's resistance...
The US Dollar Index is entering accumulation and recovering after 2 days of decline, making gold priced in US Dollars less attractive thanks to direct correlation. The short-term appeal of precious metals still remains. weak as tensions in the Middle East ease and safe-haven demand weakens. The gold market has been less affected by the escalating conflict in the...
#Bitcoin Weekly Technical Analysis 📈
Bitcoin surpassed its previous all-time high of $69,028, reaching a new peak at $73,773. Currently, it's trading above a strong support level ranging from $64,500 to $66,300, which is considered a robust technical support zone. As the week concludes, Bitcoin needs to hold above this support area.
The price of Bitcoin...
World gold spot rate is round 2,318.eight USD/ounce, down 1.2 USD/ounce in comparison to overnight. Gold futures rate in June 2024 at the Comex New York ground is at 2,330.2 USD/ounce.
At 8:00 p.m. on April 24 (Vietnam time), today's spot gold price on the world market is at 2,320 USD/ounce. Gold for delivery in June 2024 on the Comex New York floor is at 2,334...
GBPCAD is trading in a long-term bearish trend.
After the last bearish wave, we see a correctional movement on a daily.
The price reached a key horizontal resistance cluster.
After the test of the underlined blue area,
the pair started to consolidate on a 4H time frame
and then it broke a support line of a rising wedge pattern.
It may indicate that the market...
After a successful and profitable SHORT position, KPITECH is ready to give profits in LONG position. Good reversal in 1 Hr TF and 15m scalp looks good too!
