lilybyred

lilybyred Updated 

On the 4-hour chart, gold prices have just experienced a sharp decline, currently trading around $2,602/ounce, after falling sharply from a recent high of $2,659/ounce. This weakness comes from the stronger-than-expected US retail sales data, reaching 0.7%, increasing the possibility of the Fed delaying its interest rate cut plan. Currently, gold prices have...

lilybyred Updated 

On the 4-hour chart, the EUR/USD pair broke the key support at 1.0450, confirming the continuation of the downtrend. After the breakout, the price had a slight recovery but did not have enough momentum to break above the 1.0450 area, which has now become a strong resistance. The pair is below both the 34 EMA and 89 EMA, indicating that the downtrend is still...

lilybyred Updated 

On the 1-hour chart, USD/JPY has just broken through the important resistance zone at 154.50-154.80 and is retesting it as potential support. The current upside momentum is supported by both the 34 EMA and 89 EMA, with the 34 EMA acting as the nearest support. I expect USD/JPY to continue rising in the coming session. The price is likely to test and surpass...