Edward_TradingFX

Edward_TradingFX

OANDA:XAUUSD is gaining traction after forming a bullish cup pattern on the H2 chart. Prices are approaching the key resistance at $3,390 — a level that previously triggered strong sell-offs. A breakout above this zone could confirm bullish continuation, while short-term pullbacks toward $3,300–$3,285 may offer re-entry opportunities. The market is currently...

Edward_TradingFX Updated 

Hey traders! What’s your take on gold today? Gold is currently in a pullback phase after its recent rally, hovering around $3,278 with the $3,300 level acting as short-term resistance. On Friday, the US dollar gained momentum while Treasury yields climbed across the curve, putting pressure on the yellow metal. In addition, geopolitical tensions in the Middle...

Edward_TradingFX Updated 

EUR/USD is still pushing higher today, trading around 1.171 and showing no signs of slowing down. The pair’s strength is backed by both technical momentum and the current market backdrop. What’s fueling the move? Simple: the US dollar is under pressure again. Fresh concerns about the Federal Reserve’s independence — especially with talks around replacing Powell —...

Edward_TradingFX Updated 

Global gold prices extended their sharp decline into the final trading session of the week, sliding more than 1.5% and pausing around $3,274/oz as safe-haven sentiment continues to erode. 📰 What’s driving the sell-off? The primary trigger is the official signing of a trade agreement between the US and China, marking the end of a prolonged trade standoff. US...

Edward_TradingFX Updated 

Gold prices continued to edge lower today, hovering around $3,320 per ounce, showing little change from the previous session. Interestingly, even as the US dollar dropped to its lowest level since February 2022 and Treasury yields fell, gold’s rebound remains limited — weighed down by a string of upbeat US economic data. The US Dollar Index (DXY) slipped nearly...

Edward_TradingFX Updated 

Gold extended its losing streak to a sixth straight day, sliding closer to the critical $3,300 level as a rebounding US dollar and Powell’s cautious tone dampen market sentiment. Technically, the breakdown below the short-term ascending channel has validated a bearish structure. Daily chart indicators are turning decisively negative, suggesting the path of least...

Edward_TradingFX Updated 

Hey traders! Gold ( OANDA:XAUUSD ) is back in the spotlight — not just for its shine, but because macro and technical signals are starting to align again. Why gold still matters? The US Dollar is weakening as markets expect the Fed to cut rates later this year. Geopolitical tensions (like Iran–Israel) are still lurking despite temporary ceasefires. Central...

Edward_TradingFX Updated 

Hello everyone! What’s your take on EURUSD? EURUSD is clearly in a strong uptrend, but we should also keep an eye on potential short-term selling opportunities. I’ve placed an entry near the psychological resistance at 1.175, waiting for signs of a reversal. If strong selling pressure emerges at this zone, EURUSD could pull back with two clear targets: TP1...

Edward_TradingFX Updated 

EURUSD continues to surge as technical and fundamental forces align. The pair has broken out of consolidation and is now trading within a clear ascending channel. Price is currently retracing into a well-defined demand zone around 1.1590 – 1.1600, where a potential bullish continuation is anticipated. Supporting the move, dovish signals from Fed Chair Jerome...

Edward_TradingFX Updated 

AUDUSD has confirmed a breakout above both the descending trendline and EMA confluence (34 and 89), with the price now stabilizing above a strong support zone near 0.6478. This zone also aligns with the breakout retest and trendline flip, reinforcing it as a bullish base. With price holding above this key structure, the path of least resistance remains to the...

Edward_TradingFX Updated 

OANDA:XAUUSD is staging a modest technical rebound after a strong breakdown, currently retesting the confluence zone of resistance and EMA on the 1H chart. This area around 3,351 USD marks a key selling region where bearish momentum may resume. On the macro front, traders are eyeing the upcoming Core PCE data — the Fed’s preferred inflation gauge. A...

Edward_TradingFX Updated 

Gold continues to maintain its long-term uptrend after a technical pullback toward dynamic support around $3,325, aligning with both the EMA34 and the rising trendline. If price rebounds from this zone and breaks above the key resistance between $3,460 and $3,500, a strong rally toward $3,600 could unfold in the medium term. However, upcoming U.S. economic...

Edward_TradingFX Updated 

After a quiet trading week, XAUUSD is hovering around 3,368 USD, trapped between hawkish central bank policies and prolonged geopolitical tension in the Middle East. Despite safe-haven demand sparked by the Israel–Iran conflict, Fed, BOE, and SNB holding interest rates high conti From a technical perspective, gold is struggling to break through the 3,385 USD...

Edward_TradingFX Updated 

Hello everyone, let’s dive into gold price action together! Following decisions from the Fed, BOE, and SNB to hold interest rates steady, gold continues to face downward pressure. High interest rates reflect a firm stance on inflation, pushing short-term capital away from non-yielding assets like gold. On the chart, gold closed the session near $3,368, showing...

Edward_TradingFX Updated 

Hello everyone, great to see you again in our latest discussion about XAUUSD. This week, gold has seen wild swings—soaring to new highs amid geopolitical tensions, then sharply pulling back. This highlights gold’s dual nature: both a safe-haven asset in times of crisis and a highly reactive instrument during speculative surges. The Fed’s decision to hold...

Edward_TradingFX Updated 

FX:USDJPY is trading around the 145.300 mark and showing signs of weakness, as the US dollar comes under pressure from growing expectations that the Federal Reserve may begin cutting interest rates in September. This sentiment is fueled by recent soft US data, including weaker retail sales and industrial production. Meanwhile, the Japanese yen is regaining some...

Edward_TradingFX Updated 

Hello traders, what’s your view on gold today? So far, gold remains relatively quiet, with limited reaction to the initial FOMC statement. The market is clearly holding its breath ahead of the upcoming press conference by Federal Reserve Chair Jerome Powell. As of now, the Fed is widely expected to keep interest rates steady at 4.50% – but the real question is:...

Edward_TradingFX Updated 

After a period of strength driven by its safe-haven appeal, the DXY is showing signs of weakness as doubts emerge over the true resilience of the U.S. economy. Recent data — including retail sales, industrial production, and consumer sentiment — have all fallen short of expectations, raising the likelihood that the Fed may pivot to a more dovish stance sooner than...