Today, the spot price of gold stands at around $2,327 per ounce, a slight increase of $1 per ounce compared to the end of last week.
A survey of 12 analysts reveals that 4 experts (33%) predict a rise in gold prices, 2 analysts foresee a decrease, and the remaining 6 expect prices to remain stable.
Currently, gold is trading within a relatively narrow range and...
Gold prices are currently correcting in a narrow range and are testing important support and resistance levels. Trading strategies should be built based on price reactions in these zones, while always considering risk management factors.
Support and Resistance:
Critical support: Area around $2,310,000, shown by light blue area.
Key resistance: Area around...
Yesterday, gold prices found a boost, rebounding from the $2,300 level. However, this rally was short-lived and primarily represented a correction within the broader trend. The precious metal remains constrained below the trendline, with accumulation phases and bearish pressure still prevailing. Currently, the price stands at $2,320, marking a 0.33% decline for...
EURUSD struggles to defend the first weekly gain in four as sellers appear more inclined to revisit an upward-sloping support line from early October 2023. That said, the Euro pair’s failure to keep Thursday’s rebound from the stated support line joins the bearish MACD signals to keep sellers hopeful ahead of the US Federal Reserve’s (Fed) preferred inflation...
Hello everyone, let's explore today's gold prices together!
Yesterday, the gold market seemed relatively calm with minimal fluctuations, and the downward trend continued. Currently, the precious metal is hovering around $2321 and appears to be forming a head and shoulders pattern.
If this pattern completes, we could see the price testing the psychological level...
Dear traders!
The EURUSD pair is currently moving sideways and forming a triple top pattern. The support at 1.067 is holding but could soon be broken due to persistent selling pressure.
The RSI is stable and the 34 and 89 EMAs are tilted towards the bears. Trend following strategies are emphasized and I am favoring short EURUSD.
Do you agree with this view?...
EUR/USD hovered at familiar levels on Wednesday, continuing to languish in a prolonged downtrend that has persisted for several weeks as Euro traders await impactful data releases. Momentum is expected to remain subdued as the market anticipates fresh data that could potentially invigorate market dynamics starting Thursday. Therefore, we anticipate the currency...
Today, GBPUSD is trading around the 1.263 level, with the main trend favoring the sellers. The technical outlook points towards further downside targets as the pair remains within a descending wedge. I will trade with the trend and prioritize selling this pair.
Pay attention to the upper and lower limits to find optimal buy and sell opportunities, and be mindful...
Hello everyone, let's find out today's gold price and see what changes!
Currently, gold has just undergone a fairly strong price correction at the end of yesterday. Accordingly, the precious metal quickly plummeted from 2320 USD to the psychological level of 2300 USD and is currently trading around the threshold of 2297 USD.
Accordingly, gold is receiving...
GBP/USD remained below the 1.2700 mark, trading sideways on Wednesday. The diverging policy outlooks between the Fed and the BoE, coupled with anxieties surrounding the upcoming UK elections, have kept this currency pair within a familiar range amidst a prolonged downtrend. The focus remains on a downward trajectory targeting the next support level.
Can see beautiful DOUBLE bottom pattern
GO long in DJI PERFECT TAKING support from the neck line looking very bullish and even price confirmation
Put to ur sl - below day low (live trade)
if u dont have forex acc
or any question fell free to text
FOLLOW for more
insta - Faizxgazi
snap- fayz_13
Market Expectation: When you sell XAU/USD, you're essentially taking a position that the value of gold (XAU) will decrease compared to the US dollar (USD). This can be based on various factors such as economic data, geopolitical events, or market sentiment.
Procedure: To sell XAU/USD, you would typically do so through a brokerage platform that offers forex...
a nice sort trade from 2357 area also a major 2363
all the way up to the 2277 sell side liquidity to be cover
trade accordingly with proper sl with respect to your lot !
EURUSD has been consistently accumulating in a wide internal structure, these structures are best for scalpers and day traders since they have a definite range with lesser volatility and high predictability.
Order blocks are marked as per my analysis. Make sure to do your own analysis as well before creating any positions.
USDJPY defends the previous day’s retreat from a two-month high as traders await Tuesday’s US Confederation Board’s (CB) Consumer Confidence figures for June. In doing so, the Yen pair remains mildly offered between the upper line of a seven-week-old rising trend channel and an upward-sloping previous resistance line stretched from early May. It’s worth noting,...
