Today, gold prices maintained their high stance, oscillating around $2385 and briefly approaching the $2400 per ounce mark. Escalating tensions in the Middle East have bolstered gold's appeal. Recently, there has been a consistent influx of capital towards gold as a safe haven. The metal could potentially surpass the $2400 per ounce threshold again if conflicts...
Gold prices continue to climb today, driven by a heightened demand for safe-haven assets as tensions between Iran and Israel escalate, prompting investors to flock to the gold and U.S. dollar markets to protect their wealth. Despite the strengthening U.S. economic indicators and the rising U.S. dollar index—which raise concerns that the Federal Reserve (Fed)...
The U.S. Dollar has gained against the Japanese Yen in early North American trading, bolstered by strong U.S. economic data and a range of comments from neutral to hawkish by Federal Reserve officials. The USD/JPY is trading at 154.61, up 0.22% from the open, maintaining its upward trajectory. USD/JPY buyers might push the exchange rate to challenge the 155.00...
Gold prices are currently wrestling with the $2,400 mark at the start of Wednesday, following a quiet close the previous day. The precious metal is making another bid to reclaim the $2,400 threshold as the U.S. dollar weakens slightly due to a dip in Treasury yields, all while anticipating a new lineup of speakers from the Federal Reserve. Gold remains at a...
AUDUSD experienced a slight recovery today, reaching 0.642, yet the overall trend remains bearish according to the daily chart, as this pair has twice attempted and failed to breach the resistance level at 0.662. Sellers continue to dominate, evidenced by the breakdown of the uptrend line. On the upside, AUDUSD might see a minor correction to retest the breakout...
Hello,Traders! AUD-JPY is trading in a Rising channel and the Pair will soon retest the Rising support of the channel From where we will be expecting A bullish rebound and a move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.37600 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.37600 support and resistance area. Trade safe, Joe.
Overall, GBP/USD is still maintaining a downward trend. This currency pair continued to decline during Wednesday's US trading session. Based on technical analysis, the Relative Strength Index (RSI) is currently trading around 40, which is often a sign that prices will continue to decline sharply. In this context, investors need to be cautious and carefully...
I had mentioned that price is looking like it wants to retrace. Its stalling a bit. Kinda looking like it does not want to make the move so being cautious. but not interested in selling until I see a healthy pullback to solidify a stronger move.
Gold prices took a dramatic plunge, dropping $20 in just 30 seconds following the U.S. inflation announcement, which exceeded market expectations. Inflation in March rose by 0.4%, surpassing the anticipated 0.3%, putting the Federal Reserve (Fed) in a tough spot regarding future monetary policy decisions. Inflation’s 0.4% increase in March, pushing the annual...
USD/JPY is experiencing a slight loss, trading around 154.65 in the early hours of Wednesday's trading session in Asia. The robust U.S. economy and challenging inflation data have sparked speculation that the Federal Reserve might postpone the start of its easing cycle to September instead of June, providing a layer of support for the U.S. Dollar. From a...
Traders, In today's trading session, our attention turns to XAUUSD, where we're keeping a close eye on a potential buying opportunity around the 2375 zone. Gold is on the verge of approaching the retrace area following its breakout from a downtrend observed in the 15-minute timeframes. Delving deeper into our analysis, it's crucial to underscore the fundamental...
At the beginning of Wednesday, the USD/JPY pair continued to hover below 155.00, a clear signal of the strength of the Japanese Yen. This stability is primarily supported by underlying risks of impending intervention from Japan. A slight decline in the US Dollar and US Treasury bond yields is also weighing on this currency pair. However, chart analysis reveals...
Gold prices saw a slight uptick at the close of the North American trading session, rising 0.22% after Fed Chair Jerome Powell’s hawkish remarks. Economic data from the U.S. was mixed, though Monday’s retail sales report and Powell's comments drove U.S. Treasury yields higher, limiting the gains for the yellow metal. From a technical standpoint, XAU/USD is poised...
Discover an enticing Buying opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential upside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
Hello,Friends! USOIL downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 85.74 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the USOIL pair. ✅LIKE AND COMMENT MY IDEAS✅
BTCUSDT couldn't fend off a fierce bear attack, quickly tumbling down to the $65,300 zone at the start of the new trading week, continuing its downward trend after breaking key support levels. Analyzing the charts, the bearish momentum might persist as a triple top pattern seems to be forming. If this downtrend strengthens and shatters the first support level,...
Overall, EUR/USD is still maintaining a downward trend. EUR/USD has dropped to near the 1.0620 level at the beginning of the Asian trading session on Wednesday. This indicates the strength of the US Dollar compared to the Euro in recent times. However, when looking at the technical charts, we can see some positive signals suggesting that the price may be...