HamedMarkets

HamedMarkets Updated 

Dear traders! Gold price today recorded a slight recovery, the price moved to 2337 USD and in the short term is still supporting this upward movement when from the precious metal analysis chart, it has reached an important resistance level and Get momentum when breaking the trendline. It is expected that after the trend adjustment, the price will continue to go...

HamedMarkets Updated 

GBP/USD rose firmly above 1.2700 in quiet trading on Wednesday as GBP traders braced for Thursday's latest outing from the Bank of England, which is expected to hold gains yields stayed at 5.25% even as UK economic data continued to miss the target, but not so badly as to raise fears of an outright recession.

HamedMarkets Updated 

Hello everyone, today USDJPY continues to increase in price on most time frames, the trading level is currently at 158.10 and is still on the path to a new record high. Accordingly, from technical analysis, we continue to prioritize the buying strategy when the price is high above the two EMA lines and the upward trendline is still stable. My goal is to increase...

HamedMarkets Updated 

Key Points: USD and Bond Yields Impact: Gold prices edged lower at the start of the week, influenced by a strengthening USD and rising bond yields. Awaiting Economic Data: Investors are keenly awaiting economic data and commentary from Federal Reserve officials for clearer guidance on interest rate cuts. Price Range Forecast: In this environment, gold is...

HamedMarkets Updated 

Gold prices have surged on weaker-than-expected US retail sales and expectations of lower interest rates. Here are the key factors: Weak retail sales: US retail sales report was lower than expected, suggesting a decline in consumer spending. This raises concerns about economic growth, which could lead to economic stimulus or looser monetary policy from the...

HamedMarkets Updated 

Hello everyone! What is your opinion? In today's analysis, I will focus on the bearish price movement of this currency pair. Currently, EURUSD is trading around 1.073, continuing the downward correction wave, with support From a technical standpoint, factors such as trend lines, support and resistance levels, and EMAs 34 and 89 all favor sellers. This fits well...

HamedMarkets Updated 

EUR/USD remains in a daily range above 1.0700 during the European session on Tuesday after closing in positive territory on Monday. Mixed ZEW sentiment data from Germany and the Eurozone makes it difficult for the Euro to find demand as the focus shifts to US data. Looking from the technical picture, the downward momentum is kept intact with the trend still...

HamedMarkets Updated 

Hello everyone! Looking at the chart, GBPUSD is currently moving along the trendline. Despite yesterday’s significant drop, the outlook still favors the bulls as long as the trendline remains intact. However, keep an eye on the trendline's limits. If the price breaks through, it could provide a good entry point for trades. Happy trading, everyone!

HamedMarkets Updated 

Hello, let's analyze today's gold price! In the chart, although gold on Friday had a strong recovery of nearly 300 pips, in the long term it is still in a downtrend with the price channel remaining stable. Regarding the target and upcoming direction: From technical analysis, I expect the price to decrease more after the adjustment reaches the upper limit of the...

HamedMarkets Updated 

Today, gold has decreased slightly by 10 USD, currently trading around 2315 USD. This comes as the US Dollar tumbled following the release of much-anticipated economic data. Gold's short-term downtrend continues. Technical analysis: Trendline Break: From a technical standpoint, gold has broken above its trendline, signaling continued bearish momentum. EMA...

HamedMarkets Updated 

Hello everyone, yesterday gold experienced a quite significant recovery. At the beginning of the session, gold traded stably, but near the end of the session, this metal quickly increased and recovered more than 280 pips. Currently, gold temporarily closed at 2332 USD and increased about 1.24% during the day. Accordingly, gold prices increased despite the USD...

HamedMarkets Updated 

Hello everyone! What do you think, where will gold close today? In this analysis, I'll be focusing on gold's recent recovery. The precious metal recently broke out of its short-term upward trend after surpassing the trendline. Despite this, it has found new momentum and is currently hovering around the psychological level of $2300. Looking at the 1-hour chart,...

HamedMarkets Updated 

Hello everyone, today the price of gold continues to trade around the psychological level of 2300 USD. Accordingly, gold was not beyond my prediction when it approached 2300 USD to receive new resources around this support area. After the Fed's above announcement, gold lost its inherent momentum, causing the number of investors buying to decrease...

HamedMarkets Updated 

Hello fellow EURUSD trading lovers! Today, we see EURUSD continuing its downtrend, with the price currently hovering around 1,080. -Market summary: Yesterday's developments: After this news, EURUSD quickly skyrocketed and filled the gap but could not maintain a long-term increase. Technical outlook: Price Pattern: The pair is trading in a narrowing wedge...

HamedMarkets Updated 

Gold prices today continue to face downward pressure, currently trading around $2314, losing 0.45% for the day with a drop of over 100 pips during the early Asian trading session. Despite a strong rally last night that pushed gold close to $2350, the precious metal couldn't maintain its recovery. This was despite the U.S. Dollar weakening after the U.S. released...

HamedMarkets Updated 

Hey everyone, What are your thoughts on EURUSD today? Looking at the 4-hour chart, EURUSD is currently in a recovery phase. The pair is filling the GAP and completing a retracement to the 0.5 - 0.618 Fibonacci levels. As of now, the price is sitting at 1.0759, reflecting a 0.05% increase for the day. It's expected that after completing this retracement, the...

HamedMarkets Updated 

Dear friends! Currently, EUR/USD is flat, staying just below the 1.0750 level during Wednesday's Asian session. With upcoming US CPI data and Federal Reserve policy announcements, it is best to avoid placing new bets on this currency pair until we see how these events play out. They are likely to significantly influence the performance of the US Dollar. If the...

HamedMarkets Updated 

Hi everybody, In today's trading session, gold prices increased slightly. However, the looming threat of a "hot" inflation report from the Federal Reserve's FOMC meeting starting this morning (June 12) could push gold prices down. While demand from bargain hunters has boosted gold prices, gains have been limited by a strong US dollar. Recent positive economic...