Hello dear friends! Currently, gold continues to show positive growth with prices reaching a high of $1886, the highest in two weeks. This upward trend is driven by increasing expectations of higher interest rates from the Federal Reserve. This data further strengthens the likelihood of the Fed tightening monetary policy. As a result, US Treasury bond yields...
Currently, USDJPY is gradually approaching the 150.00 level after receiving strong support from the 137.30 support level. USD/JPY aims to regain its three-day winning streak, trading around 149.80 in today's trading session. This pair has gained price support due to a series of optimistic economic data from the United States (US). Looking at the technical...
Hello dear friends, Gold today has shown its first signs of decrease after a week of continuous price increases. Currently, this precious metal is trading at $1873. With higher-than-expected inflation data announced on Thursday (US time), it has taken away the gains that gold had previously enjoyed due to safe-haven buying pressure, forcing the Federal Reserve to...
Currently, the EURUSD exchange rate has regained momentum and risen to its highest level in two weeks, trading at 1.0625 at the time of writing. Since its last decline at 1.0447, the EU seems to have found support at this significant level. Currently, the price is approaching the resistance level at 1.0640. By maintaining its current upward momentum, there is a...
Currently, USD/JPY has ended its two-day uptrend and is trading lower around the 149.00 level in the Asian trading session on Thursday. The USD/JPY exchange rate is facing challenges due to the possibility of the Federal Reserve (Fed) ending its interest rate hike cycle. Accordingly, the Federal Reserve of the United States (Fed) will abandon the idea of raising...
Hello dear traders! It's great to see you all again for this week's Gold chat. As predicted over the weekend, Gold has indeed opened strong today, maintaining its upward momentum. The sellers were unable to break through the $1800 support level, resulting in a robust price surge to reach $1850. The market will be eagerly awaiting the release of the US Producer...
Hello dear friends! Samson is pleased to be here to chat and analyze today's market. Currently, Gold is maintaining its recovery level since it last dropped to $1810. On the 4-hour chart, we can observe that Gold is in an upward trend but consolidating around $1822. Gold has successfully reached the earlier forecast by Samson. Currently, Gold is trading around...
Gold continues to rise today as the market received positive news from the PPI. Currently, gold is trading at a high level since the beginning of the week and reaching a trading level of 1877 USD. Regarding prospects: The IGCS index indicates that about 83% of retail traders have a long position on gold. This suggests that prices may continue to decline in the...
Today, with the stronger US dollar, the EUR/USD pair has been pushed down from its weekly high of 1.0630 to 1.0520. Economic data from the US reflects continued support for the greenback, combined with higher interest rates, putting downward pressure on this currency pair. For these reasons, gold sellers will continue to push the price of gold down, currently...
Greetings everyone! XauUSD is still maintaining its stability above USD 1851 per ounce, experiencing a rise of 16 USD per ounce compared to the previous weekend. Throughout this week, the market will be eagerly anticipating the release of the US September Production Price Index (PPI) report on Wednesday and the Consumer Price Index (CPI) report on Thursday. These...
Dear traders, greetings! Gold remains steadfast in its price trajectory, currently being traded at 1860 USD per ounce, which reflects a rise of 12 USD per ounce since the early morning. In light of the ongoing crisis, the value of the dollar has increased in comparison to several other robust currencies. Nevertheless, since the US and Canada markets are closed in...
BTCUSD is slipping from its highest level of $28,000, currently trading at around $27,130 with no signs of cooling down. The breaking of $27,405 indicates a downstream signal. Support levels at $26,779 and $26,221 are now being targeted.
Hello dear friends! Gold showed little volatility today as the market moved sideways around the range of 1864 - 1854. It is currently trading at 1866 USD. It seems that the market is focusing on the upcoming PPI and USD news to be released today and tomorrow. This could be important news for gold at this time. For this reason, gold buyers are expected to push the...
Dear beloved friends, Gold continues to rise as predicted and is currently trading at $1882. The main reason for this is the news from last night, which caused the USD to cool down and retreat to a defensive level. Let's delve into the technical analysis a bit: Gold is facing a challenge near the $1900 region (resistance level). It is highly likely that after...
The USDJPY is currently undergoing a correction in relation to the support level in the context of the corrective movement of the DXY (Dollar Index). Logically, in an uptrend, the support level would push the price higher, but what could happen? On the daily timeframe, the DXY is forming a correction towards a significant support level, which could lead to a...
Samson greets everyone! Currently, the GBP/USD pair has gained momentum and reached a two-week high at 1.2250 after today's trading session. The positive shift in risk sentiment has made it difficult for the US Dollar (USD) to find early demand on Tuesday, thereby boosting the GBP/USD exchange rate. At the time of writing, the UK's FTSE 100 index has risen by...
EUR/USD is showing a positive trend at $1.0609. If the Federal Reserve officials are not confirmed, this currency pair may continue to rise. The main resistance levels are at 1.0655 and 1.073, with support levels at 1.056 and 1.053.
Greetings! It appears that the upward movement of USDJPY came to a halt at 149.15. The currency pair failed to reach the anticipated level of 150.00 as a downtrend formed, and currently, it is being traded at 148.88. Samson suggests that there is a possibility of revisiting the significant level of 147.80. Additionally, Samson still holds a positive outlook on...