Let's dive into this week's enthralling gold market update! Since February 28, the gold market has been on a thrilling ride, soaring to new heights only to gently return to around $2,160 per ounce in Friday's Asian trading session. Market expectations that the Fed might cut interest rates in June have injected fresh momentum into gold prices. And none other than...
Greetings, fellow traders! Yesterday, we witnessed a robust surge in gold prices, leaping from $2160 to near the $2200 mark—a swift $40 increase—propelled by a weakening USD and supportive market news favoring this esteemed metal. Currently, gold's price is pausing at $2179, following an upward trajectory. However, I anticipate a period of adjustment after this...
Hello, dear friends! Today, EURUSD maintains a positive trajectory within the ascending price channel. The uptrend finds support as the USD softens, influenced by the dovish tone set by Fed Chair Jerome Powell. Nevertheless, I'm anticipating selling EURUSD as it approaches the upper boundary of the rising channel. An expected retracement may test the supports...
Gold in the XAU/USD pair has ascended for a seventh straight day, though it has shed some momentum. Overbought conditions are making it challenging for the pair to extend gains further, hinting at a potential price correction or a consolidation phase ahead. Technically, the daily chart displays oscillators hovering at extreme levels, indicating a likelihood of an...
Hello everyone, today the GBP/USD exchange rate saw a 0.31% increase during the North American trading session, reaching 1.2746 after climbing from the daily low of 1.2690. The UK's Spring Budget announcement and testimony from Federal Reserve Chairman Jerome Powell have bolstered this currency pair's rise, positioning it to potentially retest the 1.2800 mark once again.
Hey lovely people! Today, EUR/USD is flirting with its highest bid price since the end of January, swiftly breaking past the 1.0900 mark to touch 1.0915 before settling down a bit, yet it continues to climb from Wednesday. This pair is riding a wave of adjustment, but closing successfully above the 1.089 resistance and gaining momentum from the 1.085 support zone...
Hello everyone, delighted to reconnect in today's discussion on gold prices! Gold is currently being traded around the mark of $2,145.560 per ounce, marking an increase of $17.995 per ounce from yesterday. This continuous uptick in today's trading session is driven by the anticipation of the U.S. monetary easing. Gold is poised for a robust short-term rise as the...
Gold prices (XAU/USD) have capitalized on recent momentum, touching a new record high around $2,152 on Wednesday. This surge came amid expectations of an imminent policy shift by the Federal Reserve. Fed Chair Jerome Powell's comments bolstered these expectations, indicating a potential cut in benchmark interest rates by year's end. However, Minneapolis Fed...
Hello dear friends ! Today the USDJPY pair still retains a deep trading surrounding 150.32 and maintains the sideway trend. It is expected that today's price will not have any significant breakthroughs because there will be no information in this published today. Resistance level: 150.64, 150,800 Support level: 149.95, 149,700
I'd like to extend a warm welcome to everyone at the start of this new trading week, hoping it brings you all smooth transactions and thrilling opportunities. Let's now explore the GBPUSD for today and discuss our strategy for the coming days! At the moment, GBPUSD is showing a stable price level around 1.266, with a slight recovery of 0.08% today. This pair has...
Today, as the trading session began, EURUSD did not witness significant changes, gradually ascending to trade below the 1.0850 mark during the Asian session on Monday. The US Dollar is regaining its footing in the Asian markets with mixed sentiments, leading to a cautious atmosphere. Investors remain anxious about a pivotal week ahead, especially focusing on the...
Welcome back to our fresh conversation about the gold price outlook for the upcoming week. Last week, gold witnessed a remarkable surge, climbing continuously from $2035 to $2088 and maintaining a stable price around $2080 during the early trading hours of Monday. Looking forward and formulating strategies and predictions for this week: A survey involving 14...
GOLD UPDATE: Gold prices (XAU/USD) have soared to a nine-week high, just below the $2,100 threshold, at the start of Monday's trading session in Asia. Speculation about possible interest rate cuts by the end of this year has been fueled by less-than-stellar economic data from the US last Friday. Furthermore, a decline in US Treasury yields has also propelled the...
Hello fellow traders, let's discuss EURUSD today with me ! Yesterday, EURUSD maintained a fairly stable trading level above the psychological mark of 1.080. This pair received support from the 1.080 level once again, rebounding upon touching this threshold. It appears that the buying side is relentlessly striving to defend this support level while demonstrating...
Hello, dear friends! Let's review last week's gold prices and discuss a new strategy for the upcoming week with me ! At the start of the week, gold prices were relatively subdued, mostly moving sideways around the $2030 mark with resistance at $2035. However, towards the end of the week, gold gained significant buying momentum, breaking through several key...
EUR/USD is steadfastly guarding the 1.0800 level during the European trading session on Friday. The pair remains stable amid a weakening US Dollar and optimistic sentiment, awaiting the Eurozone's leading inflation data for new directional momentum. On the chart, the pair is undergoing a retracement phase, showing a modest increase but still under the control of...
Hello dear brothers and sisters, let's dive into what's new with gold prices today! Yesterday afternoon, gold prices surged impressively, breaking through the significant resistance level at $2035 and nearing $2050 before stabilizing around $2045 for the first half of today. The core Personal Consumption Expenditures (PCE) in the US dipped from 2.9% to 2.8%...
Hello dear friends, let's discuss today's EURUSD market with me ! The EURUSD pair has been trading quite calmly and hasn't shown much price change, maintaining around 1.083 USD since the start of the week. Looking at today's short-term chart analysis: The pair has retreated beyond the 0.5 - 0.618 Fibonacci retracement levels, suggesting that sellers might have...