Gold prices continue to increase today as newly released data shows that the labor market is showing signs of cooling and the US economy is slowing down. Specifically, the report on gross domestic product in the second quarter of the US Bureau of Economic Analysis showed that the economy grew by 2.1%, lower than expected. Analysts are now closely watching the...
This morning, the price of gold decreased due to a speech by Jerome Powell, the Chairman of the Federal Reserve (Fed), at the annual banking conference. Powell announced that the Fed will continue its tight monetary policy until inflation reaches 2%. This is understandable as the US Consumer Price Index (CPI) has increased from 3% in June to 3.2% in July....
📊 Pattern: Rising Channel 📌 Symbol/Asset: Power Grid Corporation 🔍 Description: Stock is on daily strong support and the Probability of bounce back is high. 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings. Note how beautifully the levels work
Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings. Note how beautifully the levels work
The Initial reaction to the data saw EURUSD spike 50 pips lower before hovering around the 1.0820 handle at the time of writing. Key area at present with the 200-day MA resting just below the 1.0800 handle and could cap further losses. EURUSD did face selling pressure as a stronger US Dollar and rising US yields saw the pair fall to support around the 1.0840...
On the 4-hour chart, the EUR/USD has broken short-term support levels from June, confirming an upward trend. However, resistance levels from July have maintained a downward technical trend. Immediate support can be seen at the 1.0833 - 1.0859 range. If this area holds, prices could rise and test the downward trend line from July, potentially sustaining a...
Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings. Note how beautifully the levels work
Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings. Note how beautifully the levels work
Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings. Note how beautifully the levels work
Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings. Note how beautifully the levels work
Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings. Note how beautifully the levels work
Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings. Note how beautifully the levels work
As you see on the charts, the stock price is struggling at the crucial resistance zone. If not able to cross and sustain above 4300, may go weak for some time. Possible targets are indicated. Only for learning and sharing purposes, not a piece of trading advice in any form. Please share your views about the idea. All the best.
Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings. Note how beautifully the levels work
Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings. Note how beautifully the levels work
Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings. Note how beautifully the levels work
Go through the charts...levels targets....check previous charts and let m know if you want to understand these levels and markings. Note how beautifully the levels work