Antonia_Le

Antonia_Le Updated 

Gold continues to trade within a price wedge and is nearing the boundary of the trendline. The precious metal remains capped below the $2040 resistance, and I am looking forward to selling gold with a profit target set at $2027 (the lower trendline limit). What about you, are you considering selling gold? Remember to set your Take Profit (TP) and Stop Loss (SL)...

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Gold prices are struggling to find meaningful momentum as the market awaits a new catalyst. The narrative of enduring higher interest rates by the Fed has curtailed the potential for XAU/USD's price increase. From a technical standpoint, the ability to consistently break through the resistance at $2,041-$2,042 would serve as a fresh stimulus for bullish...

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Hello everyone, do you think the USDJPY will continue its downward trend? This pair is currently on a steep decline, trading at 149.72, and shows no signs of cooling off. It has broken through several critical support levels and is momentarily pausing its descent as it approaches a strong support level at its current price. A brief recovery might be on the...

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Greetings, dear friends! Yesterday, the GBPUSD experienced a significant corrective decline, currently trading around 1.2666 and having broken free from its previous ascending channel. With the US Dollar (USD) in high demand before a key US event, it's exerting pressure on this primary currency pair, and I'm anticipating a further decline for GBPUSD towards the...

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Hello everyone! Are you leaning towards buying or selling EURUSD today? I'm currently eyeing a buying opportunity for EURUSD as the pair has retraced to the 0.5 - 0.618 Fibonacci zone. According to Dow Theory, buyers seem poised to propel the next price rally for EURUSD, with targets set at the 1.085 resistance and aiming further for the 1.087 peak.

Antonia_Le Updated 

The Japanese Yen (JPY) found it challenging to leverage the uptick from hotter-than-expected domestic consumer inflation seen the previous day, facing a fresh influx of supply on Wednesday amidst the Bank of Japan's (BoJ) policy uncertainty. This scenario, along with a recent surge in risk-on trading sentiment across global stock markets, has been pivotal in...

Antonia_Le Updated 

GBP/USD is currently testing the near low of 1.2650 in early European trading on Wednesday. The US dollar is strengthening its recovery amidst cautious sentiment, ignoring the negative yields of US Treasury bonds. At the moment, this currency pair is hovering around the 1.2650 mark, caught in a technical standoff between the resistance level at 1.2700 and an...

Antonia_Le Updated 

Greetings, dear friends, today's EURUSD is trading around 1.083, but what's the next move? EUR/USD remains stable, hovering close to 1.0850, especially after Tuesday's session, which saw minimal driving forces for the pair due to U.S. Durable Goods Orders in January falling more than expected. Now, all eyes are on the upcoming U.S. Gross Domestic Product (GDP)...

Antonia_Le Updated 

Greetings, dear friends! Let's dive into today's gold price trends together! As anticipated, gold continues its subdued trading, still unable to break through the resistance level of $2035. However, it's holding steady, elegantly navigating within a price wedge pattern. We stand at a crossroads, awaiting pivotal market news that could swing the pendulum in one of...

Antonia_Le Updated 

Hello, dear friends! Today, gold has dipped nearly $5, trading around $2025 USD after failing to break the resistance at $2035 USD. The movement of gold prices is currently largely influenced by the Federal Reserve's (Fed) interest rate expectations. As such, the upcoming release of the core Personal Consumption Expenditures (PCE) Index - the Fed's preferred...

Antonia_Le Updated 

GBP/USD continues to rise, staying below the 1.2700 psychological barrier in early Tuesday's Asian session. FOMC minutes reveal the Fed's data-driven approach, softening the outlook and putting pressure on the USD, benefiting this currency pair. Currently, GBP/USD is at 1.2685, up 0.02%. This week, the US Q4 GDP is expected to remain stable at 3.3%. Traders will...

Antonia_Le Updated 

Greetings, cherished friends! How do you feel about today's gold prices? Let's delve into a lively discussion! Recent developments have led to a slight downtrend in the USD, yet gold prices haven't soared as one might expect. Gold continues to hover around the $2032 to $2035 mark, with its future direction seemingly shrouded in uncertainty, heavily swayed by...

Antonia_Le Updated 

The EURUSD continues to maintain its position above the recent high, experiencing a significant rise at the start of the week on Monday. Currently, the price of this currency pair remains well supported above the psychological level of 1.080, and the outlook for further appreciation remains positive as the established trendline shows no signs of breaking....

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GOLD MARKET UPDATE: For the first time in three weeks, gold prices (XAU/USD) ended on a positive note, buoyed by ongoing geopolitical tensions and the recent weakening of the US Dollar (USD). However, the precious metal is facing challenges in sustaining its upward momentum and has seen a slight decline in the Asian trading session on Monday. This could be...

Antonia_Le Updated 

Greetings to all, Today, the price of gold remains around $3035, showing little change from its closing figure last Friday. The European economy only grew by 0.5% in Q4 of 2023, with growth primarily in countries such as Spain, Italy, and the Netherlands. Meanwhile, Germany, Europe's largest economy, has entered a technical recession, and France has seen no...

Antonia_Le Updated 

The GBP/USD pair made an effort to hold the 1.2650 level in early Monday trading in Europe, despite a rebound in the US Dollar driven by risk-averse market sentiment. Traders are now looking forward to a speech by BoE's Chief Economist Huw Pill and US housing data for fresh momentum. From a technical standpoint: The convergence of the 34 and 89 EMA around the...

Antonia_Le Updated 

Greetings, traders! What are your thoughts on USDJPY today and its future direction? Looking at the chart, it's evident that USDJPY's recovery momentum is currently capped below a resistance level, as it appears to be forming a double top pattern. The current support level stands at 149.888. Should this level be breached and the double top pattern fully...

Antonia_Le Updated 

As the trading session begins, the EURUSD appears unchanged from its last closing on Friday of the previous week. The pair has maintained well above the 1.080 level, moving laterally. Looking ahead: The minutes from the FOMC meeting on January 30-31 indicate that interest rates may reach the peak of this tightening cycle. Federal Reserve officials will review...