The price of precious metals remains stable following the Israel-Hamas conflict, with no significant increase in the demand for safe-haven assets like gold. Currently, gold is trading at $1860 per ounce. The lack of momentum in the USD, following a stronger-than-expected jobs report on Friday, has led many investors to believe that the greenback may have reached...
EUR/USD is holding steady at 1.0600, losing ground amid a recovery in the US dollar despite dovish Fed expectations. Key focus is on US PPI inflation. The 4H chart shows an established uptrend with strong resistance at 1.0667. Break above this could push pair to new highs of 1.07185.
Today, GBP/USD rose higher during the Asian trading session on Tuesday, despite a lack of follow-through. The decline in US bond yields weakened the USD and provided support for borrowing. On the other hand, the prospects of the Bank of England (BoE) still lean towards pausing interest rates in November, but the upcoming GDP of the United Kingdom (Thursday) could...
Hello everyone, I hope you're all doing well. Today, USDJPY showed a modest recovery during the day after hitting a one-week low at the beginning of this week. The lack of follow-through buying, amid decreasing US bond yields and reduced demand for the USD, contributed to this. Looking at the technical picture on the 4-hour timeframe of USDJPY, we can see that...
Greetings, dear companions! BTCUCD is maintaining its bullish momentum at elevated levels, currently being traded at $27,658. Although it has yet to surpass the anticipated threshold of $28,000, it is still demonstrating commendable profitability. From a technical analysis perspective, we observe a significant upward trend in the value of gold. Looking ahead,...
Good day to all traders. Today, we will delve into the current state of the market. Analyzing the 1-day chart, it becomes evident that gold is currently experiencing a significant downward trend and is being traded at a value of $1871. Although there may be minor fluctuations in the short term, overall, sellers are persistently contributing to the likelihood of...
Gold prices experienced a further decline during the recent closing session, currently trading at $1848 USD. This can be attributed to the Federal Reserve's persistent hawkish stance, which continues to suppress the upward trajectory of precious metals in the market. Although US bond yields have decreased slightly, they still remain relatively high at 4.55%....
Greetings, traders! What are your thoughts on the precious metal known as Gold? Currently, Gold is exhibiting less volatility and is trading at approximately 1819, which remains unchanged from yesterday. It's worth noting that the USD-Index has dipped below 107 points since October 4th. The recent news of a milder-than-expected increase in jobs within the US...
Greetings, valued traders! As predicted, the price of gold is experiencing significant growth and has currently reached a level of 1832 USD. This marks the highest increase seen in the past week. After breaking away from its downward trend, the value of gold is on an upward trajectory. Additionally, due to three consecutive declines in the value of the dollar,...
Hello dear readers! It's a pleasure to engage in this first conversation with all of you! Just as predicted in the previous weekend session, Gold opened at 1,849 USD/ounce, experiencing a significant increase of 16 USD/ounce compared to the previous week. The buying demand for gold when prices dropped to their lowest level in 7 months has helped the precious...
Hello everyone. Currently, the EUR/USD exchange rate is trading above 1.0550, as it receives support from a slight decrease in the value of the US Dollar. The decline in US bond yields and the presence of a positive risk sentiment seem to be contributing to the weakening of the safe-haven status of the US Dollar. The next level of resistance for the EUR/USD pair...
Hello everyone, Alselv here. Today, Gold continues to maintain its upward trend. It is currently trading at $1863, a 0.12% increase for the day. This stable rise aligns with the predictions made yesterday. The bloody conflict in the Middle East over the past weekend led to Israeli Prime Minister Benjamin Netanyahu declaring that the country is at war following a...
Nice to meet you all again! Today, Gold shows clear signs of recovery as the price reaches a high of $1851 with little change from this morning. On the 4-hour timeframe, Gold appears to be cooling down as it seems uncertain about the prospects of further price increase. But don't worry, the possibility of Gold surpassing this level is only a matter of time, as...
Greetings everyone. Today, the GBP/USD pair is engaged in a battle around the 1.2200 mark, facing defensive pressure at the beginning of the week due to risk-averse sentiment. The US dollar has taken advantage of escalating geopolitical tensions in the Middle East and has placed a bullish bet on the Federal Reserve. Additionally, the pair is weighed down by higher...
Today, the USD/JPY pair is facing difficulties in capitalizing on Friday's positive momentum and opened with a modest price decline on the first day of the new week. However, spot prices are attempting to recover a few pips from the level below 149.00 or the daily low, although there is a lack of follow-through after the escalating geopolitical tensions in the...
Hello smart traders! Today, on the 1-hour time frame, gold has formed a price gap at a high of $1842 during today's trading session. Gold has coincidentally broken down below, leading to a decrease in the Dow. Overall, gold may retest a support level and continue its upward trend. Gold has been oversold from a technical standpoint and seems to be stabilizing...
Greetings, traders! At present, USDJPY is going through a phase of reinforcement as it undergoes a test to determine its upward movement. In the previous month, this currency pair closed at 149.23 and displayed strong support at 149.16. Moving forward, the next level of support lies at a low point of 148.45. The favorable maintenance of this USDJPY with its...
Greetings everyone! At present, gold appears to be exhibiting less volatility as it is primarily focused on moving in a sideways direction, with its current trading value standing at 1826 USD per ounce. While the global gold market this morning neared yesterday's price level, it has experienced a notable decline in comparison to its previous surge. According to...