Guinevere_Le

Guinevere_Le

The price of gold today, November 1st, experienced a significant decline on the global market due to the rise in the value of the US dollar against several other currencies, while US stocks continued to increase. Gold failed to surpass the resistance level of $2,010 per ounce, resulting in a loss of several dollars per ounce overnight. As of 6:00 AM on November...

Guinevere_Le

GBPUSD is forming an upward trend, and my short-term target is to reach the resistance level of 1.226 after surpassing the barrier at 1.21. However, the major currency pair is facing rejection near the 1.2200 level as market participants await the highly anticipated Federal Open Market Committee (FOMC) policy meeting on Wednesday, followed by the Bank of England...

Guinevere_Le Updated 

The EUR/USD pair traded within a narrow range in Wednesday's session, seemingly hindering the strong retreat seen in the previous day from the 1.0675 area or the highest level in a week. The spot price attempted to hold above the 1.0500 level, although the fundamental context calls for caution before determining any meaningful price increase. Official data...

Guinevere_Le Updated 

Bitcoin's price is still struggling to surpass the crucial resistance level of $35,000. If it continues to struggle near $35,000, BTC may experience a downward correction and retrace back to the support level of $34,000. If Bitcoin fails to break above the resistance level of $34,650, it could start a downward correction. Immediate support on the downside is...

Guinevere_Le Updated 

The price of gold is once again approaching the $2000 mark. The relative strength index (RSI) on the daily chart has dropped from overbought territory, suggesting the emergence of some buying opportunities around the Gold price. Therefore, any further decline is likely to find support near the key resistance-turned-support level of $1986-1985. However, a...

Guinevere_Le Updated 

Yesterday, gold experienced strong trading at the level of 2010 USD, but it was unable to sustain its upward momentum and quickly returned to the lower range of 1979 - 1980 in today's trading session. It is evident that gold is likely to lose its appeal as a safe haven as the world gradually adapts to developments in the Middle East. In fact, concerns about...