RKarina

RKarina Updated 

Hello everyone, it's RKarina again! Today, gold prices continued their recovery since Monday, with the metal up more than $25 since the start of the new week. Although gold has experienced two consecutive weeks of price declines after a 5-week recovery streak, overall investor sentiment is still optimistic about this precious metal. From chart analysis, we see...

RKarina Updated 

World gold price is currently trading around 2,320 USD. “The recent decline in gold prices that we have seen over the past few weeks may be weakening,” one expert noted. US employment data has weakened the USD, creating an opportunity for world gold prices to increase." According to technical analysis, in the short term, gold's next resistance level is 2,360...

RKarina Updated 

Hello friends! The hesitant movements of the US Dollar (USD) seem to have created enough momentum for the continued uptrend of EUR/USD at the beginning of the week. However, the pair failed to retest or clear the key hurdle at 1.0800 for a fourth straight day of gains. The sideways trend is expected to persist and the pair will soon encounter resistance at 1.0800.

RKarina Updated 

Hello dear traders Today let's explore the price of gold together! Gold recovered slightly after a volatile Friday, trading steady around $2,310 and up 0.34% on the day. In terms of short-term outlook, gold appears to be moving sideways and is still in an accumulation phase with expected swings between $2325 and $2290. Pay attention to the marked points to find...

RKarina Updated 

EUR/USD is trading steady around 1.0750 at the start of the new week after a positive week. Technical analysis suggests that the pair could continue to rise in the near term as the price range widens. US economic data that did not meet expectations weakened the USD's strength on Friday, pushing the EUR/USD exchange rate higher at the end of the week. A further...

RKarina Updated 

Hello friends! GBP/USD is struggling to maintain its upward momentum and is trading below 1.2550 during the US session. Earlier in the day, disappointing April jobs reports from the US triggered a USD sell-off, pushing the pair to multi-week highs above 1.2600. However, it failed to hold this level and quickly fell to 1,254. On the other hand, the daily chart...

RKarina Updated 

Hi everybody! In the first trading session of the new week, the EUR/USD exchange rate increased to 1.0800 due to the weakening of the US Dollar. The USD faced a significant sell-off after the US Bureau of Labor Statistics (BLS) released a report, showing weak labor demand and a slowdown in wage growth in April. This decline pushed the US Dollar Index (DXY) to a...

RKarina Updated 

Hello everyone, let's take a look at the gold price situation today! Yesterday, the gold market experienced a major fluctuation due to the important event of the Non-Farm report and unemployment rate. Gold went through a period of sharp ups and downs, as the price rose to $2,320 before falling to $2,277, however, gold ultimately remained stable around...

RKarina Updated 

Hello all of you! On Thursday, the EUR/USD pair rebounded to the highs of the recent consolidation period, surpassing the 1.0700 handle. This recovery comes as markets readjust to risk sentiment ahead of the release of the US Nonfarm Payrolls (NFP) report on Friday. Price action has taken place around the 34, 89 EMA, as the market waits for clear momentum to...

RKarina Updated 

Hello everyone, today let's look at the price of gold together! Yesterday, gold fell to a low of 2282 USD. However, gold has now recovered and is fluctuating around 2,300 USD, crossing the EMAs 34 and 89 at a price of about 2,318 USD early on Thursday. The US Federal Reserve (Fed) decided to keep the benchmark interest rate unchanged from 5.25% to 5.5%, which...

RKarina Updated 

Hi everybody! Today, gold prices cooled after initially rising slightly, recovering from key support levels. However, this momentum is limited by lingering expectations of higher interest rates in the US. The metal jumped to $2,300 an ounce in overnight trading, after the US Federal Reserve announced no immediate interest rate hikes, which weakened the dollar and...

RKarina Updated 

Hello everyone, currently the gold price is still fluctuating around 2300 USD and has not changed much compared to previous sessions. This metal is in the process of accumulation, waiting in a narrowing wedge pattern, preparing for a new trend while the market is eagerly awaiting information from the Non-Farm report. A breakthrough will be an important signal for...

RKarina Updated 

Hello everyone! Yesterday, after the announcement of the PCE news, EURUSD experienced a slight decrease in price. Currently, this currency pair is temporarily trading around the 1.069 level, ending the short-term uptrend at the 1.070 threshold. Looking ahead, it seems that EURUSD may have to undergo further adjustments according to Dow's theory, as it has tested...

RKarina Updated 

Hello everyone, today, EURUSD continues to trade around a familiar level near 1,071 and maintains the long-term bearish trend. In terms of trend analysis: EURUSD will soon receive important information from the European HCOB Manufacturing Purchasing Managers' Index (PMI). This data will provide further insight into the pair's next direction. Short term: Today,...

RKarina

Hello everyone, today, GBP/USD rose to levels near 1.2535 early in the Asian session. This move was driven mainly by the significant weakening of the US dollar (USD) after the US Federal Reserve (Fed) decided to keep interest rates unchanged. Analysis from the chart shows that GBP/USD has broken away from the previous downtrend, starting to form a new uptrend...

RKarina Updated 

Dear beloved readers, gold continued its recovery on the last trading day of the week, trading around $2,340 and marking a 0.3% increase for the day. As a result, the USD faced further disadvantages last night, creating momentum for the recovery of XAUUSD. In the short term, this metal continues to receive support from investors as it maintains a strong upward...

RKarina Updated 

Hello dear friends, let's recap the gold prices from last week and strategize for the upcoming week. Overall, there was no surprising volatility in gold last week, as it adjusted from $2400 to $2338. This decrease followed the expected cyclical pattern in gold's movement, so there is no immediate reason to worry about this metal. In the past couple of days, gold...

RKarina

Hello everyone, here! Today, after a positive close for two consecutive days, GBP/USD has regained momentum and climbed above the 1.2500 level for the first time in nearly two weeks. The short-term technical outlook for this currency pair indicates an upward trend as it has successfully surpassed the resistance level at 1.248 and turned it into a new support...