Gold Price Forecast: XAU/USD marches towards $1.785-87 hurdle with eyes on Taiwan, NFP Technical analysis Gold price extends the previous day's rebound from the 38.2% Fibonacci retracement of June July downturn, around $1,755, amid firmer RSi line. The recovery moves, however, needs validation from the $1,785-87 monthly horizontal resistance area. That said, the...
NASDAQ is looking in a buy mode after last day's reversal trend.
DowJones is looking in a buy mode after last day's reversal trend.
WTI oil is following its upward trend from past weekend. Now looking in a Buy mode from here.
Yesterday, when the European session began, it became clear that the day would be tumultuous for the EUGERMANY40. The bulls had the upper hand at the start of the session, but after the index reached the levels of 13353, an aggressive correction started. The German index returned to the area between 13185 and 13353 after support was located there. The bear attack...
It is a weekly long-term, if it can be canceled, the daily close will go up to 1750 as well. But from here Gold is looking on a downside trend for now.
The resistance level at 1.0270 is still holding the bulls at bay and the pair is consolidating just below this zone. A confirmed breach of the mentioned key resistance would pave the way for the pair towards the next key resistance zone at 1.0383. However, a development of a short-term consolidation in the range of 1.0180 – 1.0270 is a highly possible scenario,...
Gold is looking uncertain now as per last trading day gold made a low of 1707 and a high of 1746. Right now its looking in Sell mode.
NASDAQ is trading with a huge selling pressure today. Hope all traders stay in sell position today
Gold was up on Thursday morning after testing the low of $ 1732, as the U.S. dollar paused for breath after surging to 20-year highs. The minutes released on Wednesday from the U.S. Federal Reserve’s June meeting suggested the possibility of an “even more restrictive” monetary policy to prevent long-lasting inflation. Now investors have priced in another 75-basis...
gold is trading on high end selling pressure. Looking for a sharp sell in Gold.
WTI Oil is trading on a higher note today as well as yesterday it was trading on 109.00 mark which was near to its resistance at 111.00 level. For today its looking in a sell mode.
The upward trend formally remains on the 30-minute timeframe, but the pair has been moving only sideways for the last six days. Therefore, it is very inconvenient to trade the pair at the moment, to put it mildly. We advise beginners to be careful and cautious in the near future, because the chaotic movement may take longer. On the 5-minute TF on Tuesday, it is...
Following the unsuccessful test of the support level at 1.0460, the bulls entered the market and we witnessed an impulsive upward movement that was limited at the psychological level at 1.0600. If the EUR/USD manages to breach this level, then it would further rise towards the next key resistance at 1.0643. In case the resistance at 1.0600 withholds the bullish...
The resistance at 1.0600 is strong, it may be followed by a reversal of the price with the intention to take the target level of 1.0340. This is the main scenario. In case of daily consolidation above 1.0600, the euro will have the opportunity to develop growth by two more figures, or rather, in the range of 1.0780-1.0830. If the price settles above 1.0600, the...
Gold was down on Monday morning after testing high level of $ 1878, It is come down again on the 200 moving average. Benchmark U.S. 10-year Treasury yields also rose to their highest since May 9, denting demand for zero-yield gold. U.S. inflation data Friday showed that the U.S. consumer price index released Friday rose 8.6% in May year-on-year, a fresh 40-year...
The ascending trendline is no longer relevant on the H4 timeframe. Therefore, now with a probability of 60 percent, we can expect the euro to fall. At the same time, one should not completely rule out the possibility of the resumption of the upward movement of the euro/dollar pair. We would say that now the euro is in the "border zone", from where it can both...
GBPUSD did not reach the levels during most of the European trading session. So, the first sell signal was formed when the price rebounded from the 1.2596-1.2601 area. After that, the price went down by about 30 points, which was enough to put Stop Loss at breakeven. Support and Resistance Levels are the Levels that serve as targets when buying or selling the...