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World gold prices soared as the USD cooledWorld gold prices soared as the USD cooled after US Federal Reserve Chairman Jerome Powell made less hawkish statements on monetary policy. Fed Chairman Jerome Powell expressed satisfaction with the pace of cooling in US inflation over the past year. This is a less hawkish signal about monetary policy. The DXY index - measuring the greenback's fluctuations against six major currencies - fell from 106 points to 105.4 points on the US market. Gold prices immediately increased. Investors are betting on the possibility that the Fed will have to consider the possibility that cutting interest rates too late could affect the recovery and growth of the US economy.
OANDA:XAUUSDShort
by TrategySherpa
EURUSD analysis week 29 GBPUSD analysis week 29Even as the PCE inflation report hurts the USD, EUR/USD may still struggle to mount a decisive recovery, as investors hold back while waiting for the Euro's expanding strength before the first round of elections in France. EUR/USD turned sideways last week, capping a dismal trading week after there was little reason to push the pair to trade in a downtrend that was the main trend of the pair. Present. German import prices and labor figures generally missed targets, and US Personal Consumption Expenditures (PCE) price index inflation failed to gain significant momentum despite meeting forecasts. . Next week, European inflation figures will hit the market at the start of the week with German Harmonized Consumer Price Index (HICP) figures on Monday, followed by EU-wide HICP inflation on Tuesday. Next week also marks the next release of US Nonfarm Payrolls (NFP) labor data, expected next Friday. Fiber came face-to-face into technical hurdles on Friday, sinking at the 200-hour Exponential Moving Average (EMA) at 1.0715. The pair continues to battle the 1.0700 handle and so far, the bidders have been unable to pattern lower highs in the short term. The EURUSD pair is still struggling with resistance at 1.075 and support at 1.067 As buyers continue to show signs of exhaustion, a break of the 2024 low at 1.0600 becomes increasingly likely. go out. In case EUR/USD falls below the sideways band, 1.0610 could be set as the next downside target. On the positive side, 1.0750 last week's broad band resistance would serve as interim resistance before 1 ,0800. Support: 1,067-1,061 Resistance: 1,075 - 1,080 BUY EURUSD zone 1.061-1.059 SL 1.057 SELL EURUSD zone 1.079 - 1.081 SL 1.083
by TVS-Trader
2
GOLD - one n only support, holding or not??#GOLD... a perfect move is going on according to our video analysis and as you can see market perfectly hold 2 times 2331 32 and dropped. and our last day supporting area 2321 is still valid guys don't take it easy, a triangle is also on table. keep close the tringle. TECHNICAL: 2321 is one of the most important on chart in hour and 4 hours chart. in yesterday market perfectly hold it and now again hat is your area, short only below that area with mentioned tp's good luck trade wisely
OANDA:XAUUSD
by AdilHussain731333
GOLD - there is only single support, hold or not??#GOLD... a perfect move is going on according to our video analysis and as you can see market perfectly hold 2 times 2331 32 and dropped. and our last day supporting area 2321 is still valid guys don't take it easy, TECHNICAL: 2321 is one of the most important on chart in hour and 4 hours chart. in yesterday market perfectly hold it and now again hat is your area, short only below that area with mentioned tp's good luck trade wisely
OANDA:XAUUSD
by AdilHussain731333
BTCUSDT - one n only area, what's next??#BTCUSDT. what a move from 66400 as we discussed in our last idea and congratulations to all followers. We already discussed about 64450 in our last couple of ideas, you can check our last ideas about btcusdt. So guys that level have much importance on chart specially in weekly and daily chart if you can see. So keep close that level 64450 If market clear that level then you can see a smoothly drop a d it will leads you towards 62k , 60k n up to 58k Don't be lazy here. Good luck Trade wisely
BITSTAMP:BTCUSD
by AdilHussain731333
2