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The NFP news release on Friday 2 June 2023 made the XAUUSD market move very aggressively to make a sharp decline or bearish. This means the release of NFP data on Friday made the US dollar strengthen again and hit gold significantly. . What should we do going forward? Last Friday I traded when the NFP data was released on the XAUUSD market, and it paid off because...

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XAUUSD Predicted to be Bullish XAUUSD analysis . We will analyze in H1 TF, where we see that Gold is experiencing a bearish trend or down. In moments like this, we can take short positions when the price has been confirmed or has broken through the strongest support level. . For the current hour and today, Gold most likely will form a double bottom pattern on H1...

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Gold analysis today . Gold is now priced at 1940 - 1941, the price is still moving at that price. If we look at the trend in general, we can see that Gold has experienced a very drastic decline, since there was news of America's inflation getting worse in history. . The market has tended to be bearish in recent weeks, and we can do short sell options to take...

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USDCAD is predicted to be bullish . Looking at the H4 TF the USDCAD market is still heading into a bearish trend or is doing a temporary price correction, and most likely it will go up and retest for a while and form some harmonic patterns. If the resistance area is broken, it means that the market has given a signal that the USDCAD market will increase to the...

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Looking at the movement of the USDJPY pair on the H4 TF, we can both see that the market is bullish and may make a price correction or retest to the price of 115,865 and continue its rise until it hits a strong resistance area or can even create a new resistance point. We continue to monitor this market, and monitor it more often in the New York trading session.

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Technical analysis on the pair AUDJPY If we look at the H1 or one-hour timeframe, it can be seen that the AUDJP has penetrated the strong resistance area at the price of 83,839. This indicates that AUDJPY will continue its rise until it reaches the highest resistance are ever reached on Oct 21, 2021, but we need to analyze all of that fundamentally and keep an...

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XAUUSD in the H1 timeframe clearly forms a bearish pennant pattern, if the support is broken then the market will continue the bearish trend. But we will monitor it first in terms of news and other analysis opinions. Sometimes the news can violate technical analysis. Don't forget to follow me if you want to get some market analysis inspiration. But you also have...