From a technical perspective, the EUR/USD pair continues to struggle to surpass the 61.8% Fibonacci retracement level of the July to October downturn. Additionally, the Relative Strength Index (RSI) on the daily chart is poised to break out of the overbought zone, urging caution for bullish traders. Therefore, it would be prudent to anticipate a short-term...
Gold prices continue their positive trend for the fourth consecutive day, nearing a multi-month peak. The belief that the Federal Reserve has completed interest rate hikes and is initiating policy easing in 2024 remains supportive. From a technical perspective, the overnight breakthrough above the horizontal resistance at $2,008-$2,010 is considered a new catalyst...
