NZDCAD trend is bearish.
But for now, this pair is on a demand area. 0.826 to 0.830 range area, so if we want to prepare to buy this currency, we must wait for the change of this downward trend to an upward trend, in this case breaking descending channel and breaking 0.8369 level as a resistance and pullback to this level can be prepared to a buy opportunity.
But...
Fundamental View
Buyers of gold in recession, or sellers of it for a stronger dollar?
Volatility in the bond market and uncertainty about interest rate cuts are pushing the dollar higher, dimming the appeal of gold (XAU).
Last week, the recovery of the US dollar affected the price of gold (XAU) and put pressure on gold. Because market participants assessed the...
After a 1% decrease in the previous days, gold rose to about 2013 dollars due to the depreciation of the dollar on the eve of the release of key US inflation data.
Traders now know that the Federal Reserve is 70 percent likely to raise interest rates by another 25 percent in May.
Data released last week showed US employers continued to hire at a strong pace in...
Fundamental View
Gold is still under buying pressure but it is at an important level
In the past week, gold was fixed above 2000 dollars. This consolidation was done right above the HKEX:2000 and TSE:2002 area. Important and psychological area.
The momentum is still bullish and can rise again to its historical high. We mean the area of 2060. But this price...
Weekly gold Analysis
Fundamental View:
Gold Growth stopped at a strong level of $2000
Last week, we mentioned the buy sentiments of gold as a safe-haven asset.
Now that the market has priced banking crises what are the gold movement drivers?
Recession, yes fear of stagnation is remain. Fear of recession in the global economy remains and now the gold buyers...
This pair, seams change its direction to the long. retracement on lower prices could be a great opportunity to enter new long position with nice win rate ratio.
95.9 and 94.8 is our main support levels.
Fundamental View
At any time in history, if any risk enters the market, traders turn to safe areas to protect their assets.
In the past few months, gold has been the best safest place for all financial risks.
From recession to financial crises and recently banking problems. As a result, traders withdraw their assets from banks and keep them safe in gold.
In the...
as you can see on the chart, we set the strongest levels (2 long and 2 short levels)
we wait for 144.150 area to enter a short scalp trade and if price go higher we sell this pair on 145.320 levels as a strong resistance + order block area.
and we have 2 levels to enter long position.
We consider 139.8 area to enter a buy scalp and 138 levels for a long buy...
This pairs is in long-term short trend.
good idea to short at 1.6639 levels to lower area or wait and buy this pair at 1.6275 area to the ventral of the short channel 1.646 area
Weekly gold analysis
📝 Analysis:
Gold in the past week!
In the past week, gold has stopped following an uptrend as the 10-year U.S. Treasury bond, which rose nearly 1% in the last few days of the week, forced gold to pull back.
Another reason for the decline in gold can be attributed to the rebound correction of the dollar index last weekend.
But in...
Gold in the past week!
The news of the Wall Street Journal and the possible intervention of the yen at the end of the week caused great fluctuations in the market and caused the gold market to turn green. The market is looking for clues about these fluctuations to make sure, it has the power to join these fluctuations or the news.
The Wall Street Journal reported...
📝 Weekly gold
Gold is trying to go down to $1620 area because of U.S inflation and last CPI print
Over the past few months, any increasing sign in US inflation has caused gold to fall because it forces the Federal Reserve to raise interest rates.
The Federal Reserve will increase the interest rate with the increase in inflation, but on the other hand, the only...
📝 Weekly gold
◽️ Gold jumped more than 1 percent in its final days after last week's sharp decline, led by weaker U.S. jobs data, but remains under pressure from higher interest rates to continue its downtrend.
◽️ The number of jobs reported was close to market expectations and the market reaction to that data was neither good nor bad. But it had a same result...
