mtpmaster_trader

mtpmaster_trader

On the 4-hour chart of GBP/USD, I see the pair forming a clear rising wedge pattern, with the price trading within a narrowing range between two converging trendlines. The current price is at 1.26713 and is approaching the upper trendline, signaling a strong breakout is possible. I expect GBP/USD to remain within the rising wedge range, trading between 1.26000...

mtpmaster_trader

On the 4-hour chart of EUR/USD, I see that the price is in a downtrend, trading below both the 34 EMA and the 89 EMA, which suggests that selling pressure is still dominant. Currently, the price is hovering around 1.05050, reflecting the tug-of-war between buyers and sellers in this area. The nearest resistance is the 89 EMA at around 1.05250, while the key...

mtpmaster_trader

Based on the current gold price chart, I see the price fluctuating around $2,639/ounce, with strong support at $2,633 and short-term resistance at $2,645 (EMA 89). The weakening USD and geopolitical concerns from South Korea are driving safe-haven demand for gold. If the price breaks $2,645, the upside momentum could extend to $2,655. However, if it falls below...

mtpmaster_trader Updated 

Gold prices have seen significant volatility as the USD has strengthened, partly due to US President-elect Donald Trump's comments on the BRICS countries. Concerns about persistently high interest rates in the US have weighed on gold prices. According to analyst Peter Grant of Zaner Metals, the Fed may be more cautious about cutting interest rates in 2025, which...

mtpmaster_trader

The current USD/JPY chart shows a significant break out of the bullish channel that has been maintained for the past several months, with the price now falling below both the 34 and 89 EMAs, a clear indicator of a change in market sentiment from buying to selling. The break also occurred below a key support level, signaling that the downtrend could continue....

mtpmaster_trader

The current EUR/USD chart reflects a strong bearish trend with the price below both the 34 and 89 EMAs, a clear sign of strength from the sellers. Resistance and support levels are important in this analysis: the 89 EMA is currently a major resistance, preventing any recovery in the price, while the large yellow support area on the chart, where the price has found...