💥Gold reacted strongly at the 2385 resistance zone as traders waited for the important US Nonfarm Payrolls report. Gold prices continued to rise and hit a 2-week high as US bond yields fell after Latest labor report. Published data showing signs of "cooling down" in the US labor market have reinforced the possibility that the US Federal Reserve (Fed) will cut...
Hello traders, there are very few successful people in this business. Please do not believe or trust every trader and chart that comes your way. I have set my target on the chart. Those of you who know me know that my targets will always reach their target. Drawings are very important in this business. If you make the right drawings, you will reach your...
Hello,Friends! EUR/AUD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.621 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is...
Hello,Traders! GOLD is trading in a Local uptrend and the Price made a retest of The broken key horizontal Level of 2363$ which is Now a support and from where We are already seeing a Bullish rebound so we are Bullish biased and we Will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
EUR/USD steadies below 1.0900 ahead of key US dataEUR/USD is consolidating below 1.0900 early Wednesday amid modest gains in the US Dollar. Fed rate cut bets keep US bond yields lower, limiting the pair's downside. Key US data on Wednesday could provide some impetus ahead of the ECB on Thursday. The pair is approaching the lower trendline of the uptrend and is...
Okay, This one was requested by @Saikumarvsk The Chart should tell you everything you need to know. But here are some specific pointers: - The price looks to be in a consolidation mood - We have a support trendline at play - The Support and resistance zones are clearly marked - The Psy. levels, 5000 and 4000 are positioned near the support and resistance. They...
Gold-subsidized ETFs and comparable merchandise make up a giant part of the gold market, with institutional and character traders the use of them to enforce plenty of their funding strategies. Flows in ETFs regularly spotlight short- and long-time period perspectives in addition to the preference to preserve gold. The information in this web page tracks gold held...
Gold stays in a good consolidation sample because it has for the beyond 9 days. The excessive of the variety is at 2,364 (C), additionally a weekly excessive, and the low is 2,315. On Wednesday gold superior to a three-day excessive of 2,357, over again checking out resistance on the 20-Day MA. At the time of this writing gold is on the right track to shut at its...
💥Gold reacted strongly at 2360 and could not overcome the old resistance level to break back to 2400. Gold has formed a double top pattern on the 4th hour frame. 💥After returning below 233x, important support levels 2317-2310 -2305 will be believed by investors to push gold prices back up. 💥The price is retracing relatively far from MA 34 and MA 89, so the...
While closely related, US inflation and the Federal Reserve's interest rate decisions can impact the market with varying intensity. The Fed aims to avoid surprising the market, whereas inflation is unpredictable. Consequently, the market is confident that the Fed will neither hike nor cut rates at the upcoming meeting. However, inflation forecasts are often...
Hello,Traders! GBP-CAD is trading in an Uptrend but the pair Will soon hit a massive Horizontal resistance Of 1.7612 from where We will be expecting A local bearish pullback Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
EUR/USD clings to gains above 1.0850 following US inflation data. EUR/USD traded in positive territory around 1.0850 during the US session on Friday. The US dollar struggled to maintain its strength following the April PCE inflation data and helped the pair hold its ground at the end of the week. The EU region's CPI consumer price index has begun to cool down,...
📌GBP/USD eases from 1.2765, keeping gains modest. GBP/USD hit a two-day peat at 1.2765 during the US session, as US data showed core PCE inflation held steady at 2.8% yoy in the month Private. The pair retreated later as risk aversion triggered demand for the US Dollar. 📌The possibility of the FED cutting interest rates in September is quite low. As the Fed has...
World gold prices reached the highest level of the last two weeks around 2374. Gold was supported by the weakening of the USD and the decline in US government bond yields after the latest labor market data. The ADP report of private companies added 152,000 jobs in May, much lower than forecast and compared to recorded in the previous month, this is the lowest...
Gold prices are trading around the $2,370 USD/ounce mark today, down slightly from the previous trading session. However, there is still potential for gold prices to rise in the future due to the following factors: Economic uncertainty: Concerns about a global recession are growing due to high inflation and central banks' monetary tightening strategies. Gold,...
My dear followers, This is my opinion on the EURUSD next move: The asset is approaching an important pivot point 1.0875 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.0888 About Used Indicators: For more efficient signals,...
Market Chatter: Antitrust Scrutiny and Milestones in the AI and Tech Industry Antitrust Scrutiny for AI Dominance Microsoft ( NASDAQ:MSFT ), OpenAI, and Nvidia ( NASDAQ:NVDA ) are facing antitrust investigations over their dominant roles in the artificial intelligence industry, according to The New York Times. The Federal Trade Commission (FTC) and the...
S&P has been moving upwards this week and made a New ATH yesterday. Any test of yesterday's Close could provide some direction for today. Level to watch: 5364 --- 5362