Currently, the cost of conquering the $2050 peak is successful, following the successful completion of the previous candle. Presently, the market is witnessing the risk of recovery as investor sentiment pushes asset prices higher, driven by the Fed's mild comments that have caused Gold to rise during the day.
The primary price target for XAU/USD is $2074 - $2087,...
The potential for further price increases in Gold may have somewhat depleted at the current time, evidenced by its trading at a high level annually.
From the one-week chart, we can observe that the price is facing a significant annual resistance level at $2050. It is possible that the price will retest the support level at $1990, and a breakthrough below this...
Gold continues to accumulate and is currently trading at $2016. Predictions that the Fed has completed interest rate hikes and will begin loosening policies in 2024 remain supportive.
Breaking free from the previous resistance zone has caused gold prices to rise impressively. A short-term upward trend has been established. It is expected to continue to rise with...
Samson greets everyone!
Currently, EURUSD continues to maintain a strong upward trend after successfully surpassing the resistance level of 1.096. This currency pair is supported by an increase in risk appetite in the broader market, which has led to a depreciation of the US dollar and played a favorable role in pushing EURUSD towards 1.105.
However, the upward...
The price of gold is currently consolidating with little volatility since the previous trading session, hovering around $2017 and $2009. The weakening of the US dollar and expectations of the US ending interest rate hikes have boosted strong demand for gold.
Currently, the US dollar has decreased by 0.1% and remained at a two-month low recorded last week, making...
At the start of the session, the price of gold surged to $2017 USD, which was 150 pips higher compared to the previous week's trading session. Currently, gold has cooled down and is trading around $2012 USD.
Due to the lack of new support in the market, speculative interest in gold positions in the United States is showing signs of narrowing. Additionally, gold...
As predicted earlier, the successful breakout from the resistance level of 1.255 and the continuation of the previous price increase have been maintained as this currency pair achieved the strongest daily closing since August 30th, thanks to the weakness of the US dollar. The appetite for risk and lower bond yields have weighed on the greenback and acted as...
As predicted earlier, the USD/JPY pair has dropped close to the 146.50 mark. The decline of the US dollar and lower US interest rates have had a negative impact on USDJPY in recent days. At the time of writing, the price is trading at 145.95, and any upward momentum now poses a threat to the price. Therefore, it is necessary to test the support level at 146.51 in...
Currently, EURUSD is maintaining an upward trend in the early trading hours of the new week, at the level of 1.094. The price is currently directly facing the resistance level of 1.095.
It can be argued that business activity in the private sector in the United States is predicted to slow down in November. In the event of disappointing PMI results, the US Dollar...
The GBPUSD continues to trade with a slight price increase. Currently, the currency pair is still performing well within an upward price channel, and the 34 and 89 EMA lines are stable around the 1.259 area.
The price is being supported by a weaker US dollar and strong PMI data from the UK, which was released last Thursday. Thin trading conditions may amplify...
Driven by the weaker US dollar, GBP/USD continues to hold steady above the 1.2600 level and trades at its highest point in two months. It reached a peak at 1.2645 before retreating and seeking support at 1.2600. At the time of writing, the price is trading at 1.2639 and remains stable on the 4-hour timeframe.
The market is experiencing a decline, evident by its...
During the morning trading session, gold experienced significant volatility, reaching a peak of $2017 at one point. Currently, the price of gold has cooled off slightly, trading around $2010 at the moment.
EMA 34 and 89: are acting as catalysts for gold, although the daily increase is driven by the decrease in open interest rates, indicating a potential...
So well NIFTY is currently trading at 20068 points with
-BIG Support levels at
1.19207.75
2.18832.75
-Resistance levels at
1.19877
2.19983
3.20228
The index well is near its highest resistance level that is 20228 which was actually achieved because of the G20 summit that was held in india that had crossed resistance levels at 19983.
Now looking at the RSI...
Currently, the EUR/USD pair is trading below the resistance level of 1.0980 and reaching its highest level in months around the 1.0960 area. The catalyst behind this positive momentum is the vulnerability of the USD in contrast to the strengthening Euro after Lagarde's hawkish comments.
The analysis chart indicates that a price channel has been established,...
As predicted yesterday, USDJPY broke out of its previous range and declined due to the lower USD and US Treasury bond yields. At the time of writing, the price is trading at 148.21, down 0.12% for the day.
The market is experiencing a decline, evidenced by its position below the two EMA lines. I anticipate further downward movement. It may bounce back from 148.00...
Samson, hello everyone!
XAUUSD is still maintaining stability around the $1992 level, with little change compared to yesterday's trading session. Currently, we do not expect to see significant price increases for the remainder of the week as most traders are focused on this holiday and the "Black Friday" shopping event.
As a result, the market is in a...
Currently, USDJPY continues to move sideways around the 34 and 89 EMA lines without any new fluctuations, providing support for the current trend.
In the context of Japan not releasing any significant economic data this week, the USD/JPY pair still relies on the price movements of the USD. However, the USD is still facing downward pressure, opening up a new...
At the end of Friday's trading session, EURUSD pushed prices higher, but quickly retreated when faced with strong resistance at 1.095.
Currently, attention is shifting to next week's data, including inflation in the Eurozone and core PCE in the United States, to provide new momentum for this currency pair.
From the daily chart, we can see that the price is...
