Update the latest gold price today!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 $2,300.
However, in the near and medium term, gold prices are still in a downward trend. Although US bond yields decreased during the weekend trading session, gold prices did not seem to react much.
Furthermore, jobs news has bolstered confidence that the US Federal Reserve (Fed) will begin easing monetary policy this year, which could support gold prices amid low interest rates. . However, this also creates a greater risk environment, causing investors to turn to other assets. When risks decrease, demand for gold may decrease, leading to the possibility that gold prices will continue to adjust in the near future.
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EURUSD: Opens up new bullish factors!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 influence the direction of the trend. The 4H candles show a pattern of higher lows, strengthening the recovery momentum as the pair attempts to extend the upside movement from the swing low of 1.0600.
EUR/USD is trading in an uptrend above the 34.89 EMA, and is expected to continue rising if it can overcome the 1,074 resistance.
Update the latest XAUUSD todayHello 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 still causes gold to go through an adjustment period. In the short term, gold prices may continue to decline due to increased pressure from profit-taking and short selling.
However, over a longer time frame, many factors will support gold prices, including global economic uncertainties, geopolitical tensions and election uncertainty. As long as these tensions persist and economic policies continue to cause instability, gold will remain the foundation for stability.
Trading plan for April 2:
👨💻 Buy XAUUSD around 2310 - 2308
🔹 Set stop loss at 2305
🔹 Profit target at 2315 - 2320 - 2225
Wishing you successful trading and achieving your profit goals!
XAUUSD : Trades around 2300 USDHi 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 supported a part for the price of the items.
However, the Fed also showed caution, not rushing to cut interest rates anytime soon, which could limit any significant increase in gold prices.
Gold price today: Waiting for a new breakthrough!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 gold's next move.
Technically, the outlook is somewhat bearish, but we will update more information when there are official results to have a clearer view.
Wishing everyone happy and successful trading!
Latest EURUSD update today!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 the resistance zone and previously broken areas.
What do you think - will EURUSD recover and increase next week, or are you predicting more price declines? Let's discuss your predictions and strategies!
EURUSD: Waiting for a new breakthroughHello 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, EURUSD left the bullish channel and completed a retest of the trendline and Breakout area, which shows that sellers have the advantage. Therefore, the selling strategy is prioritized until the end of the day, before new information is released.
GBPUSD: Technical uptrend continues!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 with important support around the 1,247 area. Looking ahead, buyers appear to have the upper hand, with the next target being resistance at 1,256. If this uptrend continues, the next level could be 1,269, especially if GBP/USD can turn 1,256 into a new support area.
What number will gold end the trading session at?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 trend within the price channel, with a support level established at $2,330. The target is to reach the upper limit of the price channel, with gold potentially reaching $2,350 and possibly even higher by the end of the session.
What does gold promise in the near future?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 has once again recovered as buyers successfully defended the support level around $2300 USD. Although this did not lead to any breakthroughs like we saw in previous price increases, it still demonstrates the strong strength of the upward trend.
Looking ahead:
Long-term outlook: Gold continues its upward trajectory, with a favorable target of $2500 USD. Short-term outlook: The precious metal has established a new support level, moving steadily around the EMA 34 and 89 lines, showing signs of convergence with the support line. Therefore, we can anticipate the possibility of price increases in the new trading week when the market reopens.
GBPUSD: Recovery again?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 level.
The price action currently shows a convergence between the two EMA lines and this support level, therefore, the outlook is aimed at higher levels, surpassing the resistance level at 1.256.
Wishing you all a happy weekend of trading!
USDJPY: Continuing uptrend!Hello everyone, what are your thoughts on the recent developments in USDJPY?
Currently, the USD/JPY pair is showing a significant upward trend due to a substantial interest rate differential between the United States and Japan. With the Federal Reserve setting the Federal Fund Rate at 5.25%-5.50% and the Bank of Japan maintaining near-zero interest rates at 0.0%-0.1%, the USD holds a clear advantage in attracting investment compared to the JPY. This continues to support the upward trajectory of USD/JPY.
Update the latest gold price today!Hello everyone, after the first two sessions of the week falling by about 90 USD/ounce, the world gold price has recovered slightly and shown that the support threshold of 2,300 USD/ounce is quite solid, raising the belief that the recent decline is Buying opportunity for long-term investors.
Gold prices remain high due to concerns about instability in the Middle East and Ukraine. In addition, weaker US economic data is also supporting gold prices as the US service and manufacturing industries show signs of decline.
In the long term, gold is still in an upward trend. However, in the short term, gold may also suffer deeper corrections because the decline in the first two sessions of the week is not significant compared to the growth that has lasted since the end of December last year.
EURUSD: Moving steadily in the bullish channel!Hello dear friends, during today's Asian trading session, the EUR/USD exchange rate has fluctuated around the psychological level of 1.0700. The pair's modest growth was supported by weakness in the US Dollar.
From a technical analysis perspective, this pair is stable and moving in an upward channel. The next target for the buying strategy is towards the 1.073 resistance level, which is also the upper limit of the bullish channel being observed.
Gold price today: Back to the track.Hello dear friends. Today, gold is starting to increase again as the Bull side successfully maintains a high price above the support level of 2300 USD.
As a result, gold has gained nearly 150 pips compared to the same time yesterday and is moving around the two EMA lines of 34 and 89 at a level of 2335 USD. The short-term trendline continues to favor the buying side. As long as the support level of 2300 USD is held steady, there is potential for a retest of the resistance level at 2400 USD, in line with the long-term trend of gold in recent weeks.
EURUSD: Will the weekend increase or decrease?Hello everyone, what are your thoughts on the current situation of EURUSD?
This currency pair is currently trading steadily around 1.070, and the recovery process continues until Friday, making last week completely favorable for buyers.
From the daily chart, the price has reached the sensitive Fibonacci retracement level of 0.618, which is significant at this time. If this pair continues its recovery trend and closes above the range of 0.5 - 0.618, it will form a challenge to the resistance level of 1.088.
However, EURUSD is still trading below the EMA 34 and 89 lines, and the price volatility scenario according to Dow's theory is still quite feasible. In that case, the support level at 1.060 will be an important point of acceptance for this currency pair.
GBPUSD: Looking for a new breakthrough!Hi everybody!
After rising above the 1.2450 level during the Asian session on Wednesday, GBP/USD failed to maintain momentum and fell below this mark. However, according to short-term technical analysis, the pair remains in a favorable position as long as the 1.2400 support level remains in place.
The weakness of the US Dollar (USD) has become the driving force for GBP/USD to recover after a losing streak.
Going forward today, US Durable Goods Orders data for March will be closely watched for fresh dynamics. While the recent figures did not move the market much, the market reaction to Tuesday's disappointing PMI report indicated that weaker figures could weaken the USD and provide further support for the GBP/USD in recovery of upward momentum.
How to win in the gold market today!Prepare for an attractive short-term gold trading strategy!
According to the current chart, gold is trading around $2,322 and remains in a downtrend. Strong resistance has been established at around $2,330, where gold has failed to break through three times, indicating seller control over the price.
This downtrend continues to be stable and reliable. Our strategy will be to sell XAUUSD between $2327 and $2330, when gold is expected to retest the 89 EMA before resuming the current downtrend. The price target can be set near the $2,300 level.
Wishing you happy and effective trading!
EURUSD: Stable parallel price channelHi everybody,
Today, during Wednesday's Asian trading session, EUR/USD remained firmly above the key psychological mark of 1.0700. The US dollar weakened on weaker-than-expected April PMI data, which provided support for the pair.
According to technical analysis from the chart:
After bouncing from the lower boundary of the parallel price channel, the price is expected to resume the uptrend to test the resistance at 1,086, which is also the upper limit of the current price channel.
Gold falls while the main trend is still up!Hello everyone, what do you think—should we buy or sell gold today?
Gold is currently trading around 2,323 USD/ounce, with little movement since the beginning of the day and is continuing its downward trend. This weakness is largely due to tensions in the Middle East showing signs of easing and investors taking profits and reducing leverage in precious metals trades. This is a common phenomenon in the futures market when a commodity loses its price momentum, whether short-term or long-term.
From a technical analysis perspective, gold's recent decline is just a correction after gaining about 22% in the past two months. This correction is still within the framework of a long-term uptrend.
However, if gold continues to fall further this week, new short-term highs could be set. With current prices yet to surpass $2,300 an ounce, gold could soon recover thanks to buying at lower prices, supporting its long-term upward trajectory.
USDJPY todayThe USDJPY currency pair continued its impressive upward streak, breaking the 152,100 resistance and climbing to a new high of 154,900. This upward momentum is reinforced by strong technical indicators, forecasting an optimistic future. Careful analysis using the Fibonacci tool shows that this trend is not just random but can continue to 163,450, our first take profit point at the 1,618 Fibonacci level, consistent with the Dow Theory of Market trend.
What an exciting journey! What are you planning now that USDJPY is on the rise? Please share your thoughts!