As per todays selling seller may look for profit booking for tomorrow if gap up opening is there.
Resistance at 43585, if fail may retouch to 43400
Support at 43243, If break then more selling can be seen
Sellers are more active then buyers, Buyers can get active if BN trade above 43600 for more time.
Note : Do your own analysis before making any trade or invesment.
Hello everyone! Let's explore and discuss with AD!
Currently, the price of gold is trading at $1842, the lowest level since March 10, putting the last quarter of this year in a negative state. The USD is strengthening its strong recovery compared to before, reinforced by the recent price increase of the US dollar.
Looking at the D1 chart, we can argue that any...
Hello dear traders! What do you think of the new week gold?
Currently, at the beginning of the new trading session, gold has decreased slightly 2.5 USD and is trading around 1922.85 USD/ounce. Gold is having difficulty encountering an $ 1925 resistance area.
Samson believes this will be a mild price week of this precious metal because it can reach $ 1950 in the...
Let's explore the market today!
Today, gold price continues to decrease by US $ 10.6 to $ 1,915.2/ounce and there is still little sign that the downtrend is cooling down.
Gold has been heavily affected by the price increase of the US dollar and the increasing bond yields. The yield of American Treasury bonds has reached the highest level for many years, which...
Greetings, esteemed traders!
In recent times, the EUR/USD pair has been endeavoring to discover any notable catalyst for a price surge. Presently, it is trading within a limited range of 1.0500 during the Asian session.
The robustness of the Federal Reserve has bolstered US Treasury bond yields, thereby solidifying the position of the US dollar (USD). This...
Greetings, everyone! Allow me to present an update on the current status of GBPUSD. The currency pair is currently holding steady at approximately 1.2186, continuing its downward trend. Efforts are being made to regain lost ground.
There is an anticipation of a minor decline in this particular currency pair, possibly reaching the psychological threshold of 1,211....
Hello everyone! Let's discuss this currency pair with Samson at the beginning of the new week.
USDJPY continues to maintain its strong upward momentum in the new trading session this week. It is currently trading around 149.78 and is extending its gains towards the important level of 150.00, reaching a new 11-month high.
On the other hand, this currency pair is...
The NZD/USD pair lacked any strong direction on Monday and experienced mild fluctuations in the first half of the European trading session. The spot price is currently trading below the psychological level of 0.6000, although it remains within an impressive range, reaching a two-month high on Friday.
The increase in US Treasury bond yields, supported by prospects...
In the global gold market, the price of gold ended the week with a decrease of 15.9 USD to 1,848.4 USD/ounce.
There are three factors that contributed to the decline in gold prices. Firstly, the recovery of the US dollar weakened demand for gold. Secondly, higher US bond yields made them a more attractive investment compared to gold. Lastly, the Federal Reserve's...
During the first trading hours in Asia on Thursday, the NZD/USD pair is still struggling to stay below 0.5900. The US dollar (USD) has gained strength, and the higher interest rates of treasury bonds are providing some support for NZD/USD. Currently, this currency pair is trading at around 0.5928, showing a slight increase of 0.09% for the day.
Conversely,...
Let's delve into the Gold market at the beginning of this week, alongside Samson.
The opening price for gold today stands at a low $1843, which continues to face unfavorable conditions in the market due to the continuous rise in the USD index, currently surpassing 106 points. The increasing yield on US bonds and global concerns about inflation remain as factors...
Let's delve into the current market conditions.
Today, the GBP/USD pair is experiencing a series of discounts that began on September 20th, trading below the 1.2150 mark. The positive economic data from the United States is intensifying the pressure on this particular currency pair.
If the pair manages to maintain stability above 1.216, there is a possibility of...
Greetings to everyone. The pair of GBP/USD is currently experiencing a downward trend, with the current trading value at 1,2141. This decline can be attributed to the sudden suspension of interest rate hikes by the British Bank (BoE), while the Federal Reserve (Fed) has indicated a more hawkish stance and hinted at potential future interest rate increases. The...
Hello dear friends! Let's explore the EUR/USD market today.
Looking at the technical picture on the 4 -hour time frame we can see that the EU is still downtrend and is currently maintaining at 1,0645. If this pair of money escapes the potential trend of price increase is completely feasible.
On the other hand, 1,0630 is considered as a support level right before...
Hello everyone! Let's join Samson in exploring today's market!
EUR/USD is currently battling with the 1.0600 level on its path to recovery during the European trading session on Tuesday. This currency pair is receiving support from the pause in the US dollar's rally and the low-interest rates of US Treasury bonds, as risk sentiment stabilizes. We are awaiting...
Samson greeted everyone and would be happy to see you in today's discussion.
Currently, EUR/USD is holding less than 1,0550, of which the US dollar remains stable and benefits from the psychology of hesitation that has supported the green coins on Tuesday. Price for this currency pair.
EUR/USD exchange rate for short time at 1,0600 but quickly decreased. This...
Hello everyone! It's great to see you all again and have a discussion about the market today.
Today, the exchange rate of EUR/USD is showing a downward trend. It has started to decrease and is currently trading at 1.0500. This currency pair is trying to make a slight recovery. HOWEVER, along with that, there is also a modest decline in the US dollar, amid...
Hello traders,
Currently, XauUSD is creating a small sideways on the 4 hour chart with all the price actions running on the support level.
Looking at the technical picture, we can see that gold is in an uptrend so may check the final high level.
