Good morning, traders! In the early hours of Friday's trading session, gold continues to weaken, losing over 12 pips. This decline reflects a temporary pause from bullish investors as they seek new drivers for upward momentum. From a technical perspective, the chart shows that while long-term bullish momentum remains intact, the current pullback appears to be...
EUR/USD marked its second consecutive day of gains, extending its recent breakout above the 1.0500 level in response to the US Dollar's uncertain stance ahead of key US data releases later this week. The 4-hour chart indicates that technical risks remain tilted to the downside, as the pair continues trading below all its moving averages. These averages maintain a...
Hello dear friends, it's Samson here! Gold prices continue to consolidate within a familiar range, as the market awaits a fresh catalyst to drive the next decisive move. What’s in store for gold, and what scenarios could unfold? At the moment, sellers have hit the pause button, keeping an eye on key events like Federal Reserve Chair Jerome Powell’s remarks, U.S....
When observing the 4-hour chart, we can see that the EUR/USD pair is hovering near a strong resistance zone (marked in red). This is a region where selling pressure has significantly increased during previous trading sessions, making it difficult for the price to break out. In this context, the signals for a potential bearish trend are becoming increasingly...
Hello, brilliant traders! What’s your take on the current trend of GBP/USD? Let me break it down for you with a detailed analysis on the daily timeframe to give you a broader perspective. At the moment, GBP/USD remains firmly in a long-term downtrend, trading around the 1.269 level. This aligns perfectly with signals from the EMA 34 and EMA 89, both indicating a...
Spot gold prices continue to rise as the US dollar weakens, making it more affordable for holders of other currencies to purchase gold. Meanwhile, crude oil prices unexpectedly surged to $70 per barrel, adding upward momentum to gold’s price trend. Another contributing factor is the announcement of martial law in South Korea. This has sparked concerns among...
OANDA:XAUUSD is declining after a false breakout of the resistance range. The fundamental backdrop is mixed and still does not allow for a clear medium- and long-term strategy to be formed. But!... Trump's tariff policy and rising geopolitical tensions are influencing metal prices. Against the backdrop of a strengthening dollar and expectations of a Fed rate...
Hello dear readers, Today, let's delve into a detailed analysis of the GBP/USD chart to identify key points that might influence our investment decisions in the coming period. The current chart presents some intriguing technical signals that we should monitor closely. Overall Assessment: The 4-hour chart for GBP/USD is showing an upward trend, but the price is...
Dear Readers, Today, let’s dive into the technical analysis of the EUR/USD currency pair and consider the possibility of a pullback scenario before the main downtrend continues. Resistance Zone and Pullback Potential: The strong resistance zone marked in pink on the current chart is the point at which EUR/USD has failed to overcome in recent attempts. This...
Gold continues to hold strong as the dollar faces a correction, with liquidity gradually diminishing. Friday’s trading in the US could play a pivotal role in shaping market dynamics. On the H1 timeframe, gold remains firmly within the boundaries of a local bullish channel, driven by the dollar's weakness, which stems largely from the ongoing inflationary...
Hi guys! Gold has broken its trendline and is now trading below the resistance zone. Given the current conditions, it is expected that after a pullback to the broken level, the price may continue its bearish movement. Potential targets are located at the specified support levels.
Hi guys, Gold prices inched slightly higher to $2,650 following a breakout, spurred by political headlines, but the broader fundamental landscape remains clouded with uncertainty. Market liquidity is notably thin today due to the Thanksgiving holiday in the United States, leaving the market ripe for sudden volatility. Geopolitical tensions continue to play a...
OANDA:XAUUSD capitalizing on the weakening of the US dollar and heading towards the areas of interest and liquidity at 2635 - 2639. But! There are signs that a flag pattern is forming. Theoretically, any attempt for gold prices to rise could be limited. PCE, GDP, and the resistance ahead... Meanwhile, sellers pause slightly amid concerns about trade wars,...
Dear friends, it's Samson here! Flag Pattern: The chart showcases a well-formed flag pattern, a classic bearish continuation signal. Target Projection: Using the height of the previous wave 3 of the flagpole, the pattern's target is forecasted to be around $2,553. Fibonacci Levels: The price is at a level corresponding to the 0.618 Fibonacci retracement...
Hello everyone, Ascending Channel Formation: Price is moving within a clear ascending channel, with higher highs and higher lows forming along the way. This structure suggests a temporary upside correction within the overall downtrend. EMA Dynamics: The 34 EMA (purple) is currently acting as dynamic resistance, rejecting multiple attempts to break higher, as...
Hi guys, Gold prices dropped to their lowest level in a week during the Asian session on Tuesday, although spot prices found some support near the $2,600 mark. Meanwhile, the prevalent risk-on environment, coupled with bets for slower Fed rate cuts and rising U.S. Treasury yields, is driving flows out of the safe-haven XAU/USD. Theoretically, any attempt to push...
EUR/USD is dominated by a long-term downtrend, with technical factors and market sentiment leaning towards the sellers. The possibility of the price breaking the 1.0430 support is not small, especially in the context that traders are waiting for clear signals from upcoming major economic events. Investors need to closely follow the price movements at important...
Hi guys, OANDA:XAUUSD after a false breakout at 2700, the price has returned to a correction phase, aiming to consolidate its potential for continuing the trend. In the current situation, the fundamental backdrop is shifting in favor of the metal, which active buyers are pursuing... Gold has not reacted significantly to the previous rally of the dollar,...