Dear friends, Ben here! Gold has broken out of its bullish channel, sparking an impressive surge and currently trading above a key intermediate range. Notably, there has been no pullback following the strong rally. Instead, the market is consolidating—a sign of a solid support zone. What’s driving gold’s bullish momentum? -Economic Policy Support: Trade...
OANDA:XAUUSD is consolidating within the 2926 - 2890 range. The overall market remains bullish, but there are signs of short-selling or pre-news selling ahead of the major economic data release scheduled for Wednesday. Accordingly, the market is eagerly awaiting U.S. inflation and employment data, which could play a crucial role in shaping the Federal Reserve’s...
Hello everyone, Ben here! USDCHF previously broke its uptrend as the fundamental landscape shifted, and the dollar entered a correction phase. Clearly, sellers are in control, as illustrated on the chart. Fundamentally, the situation is becoming more complex due to the tariff war initiated by Trump, with European countries responding in kind. Economic risks are...
Hello dear friends, Ben here! Currently, EURUSD is attempting to capture recovery due to the dollar's adjustment. The price is forming a reaction from the resistance channel consolidation before breaking out and growing further. Accordingly, after breaking through the trend channel resistance level, the price has moved into a consolidation phase around the range...
OANDA:XAUUSD continues its upward trajectory amid rising economic risks and a weakening dollar. The metal is currently testing resistance at 2921 and appears poised for further gains. The U.S. dollar has broken its bullish structure, driven by comments from the U.S. Treasury regarding potential rate cuts. This intervention has significantly influenced market...
Dear traders, Ben here! Gold is rising after being squeezed and consolidating at the highest level of the 2926 - 2893 range, which is generally a sign that the market is ready to break resistance. But it all depends on the news ahead... Traders are eagerly awaiting US CPI data. The dollar is recovering somewhat ahead of the news, and this is affecting gold, but...
OANDA:XAUUSD is currently trading within the 2926 - 2894 range, signaling a pause after its recent strong uptrend. If a false support breakdown occurs, the market could quickly revert, especially amid signs of a recovering USD. However, a weaker dollar and expectations of a Federal Reserve policy shift toward easing continue to support gold demand. Despite the...
OANDA:XAUUSD breaking through the resistance threshold of the downward trend and attempting to seek gains above the critical resistance zone of 2881. A consolidation before the breakout is forming relative to 2894, signaling potential growth on the dollar's correction foundation. Previously, Trump confirmed the possibility of imposing 25% tariffs on Canada,...
OANDA:XAUUSD updating lows within the changing local trend structure. The price is currently testing the liquidity zone at 2852, with a potential rebound before further downside movement. Gold registered its lowest level in two weeks, dropping below $2,900 in Asia on Friday, breaking an eight-week bullish streak. The metal remains under pressure from the...
OANDA:XAUUSD after a short-term uptrend, gold is now shifting into a consolidation phase, with speculative traders actively defending key risk zones. In this environment, what can we expect from the precious metal next? Uncertainty surrounding Trump’s tariff policies and weak U.S. economic data has driven investors back toward safe-haven assets. However, after...
The market is undergoing a correction after breaking its bullish structure. The weakening US Dollar (USD) has created favorable conditions for other assets, including the Japanese Yen (JPY). USD/JPY is currently retesting the previously broken trendline following a strong downward impulse. On Thursday, the Yen reached its highest level in 10 weeks, pushing...
OANDA:XAUUSD testing ATH levels which could trigger growth momentum. The target of 3000 is getting closer day by day. Imminent in the near future... Metals are consolidating after the price surge, maintaining an upward trend. Supported by Trump's tax plan and Fed easing expectations. Meanwhile, the US Dollar (USD) and US Dollar Index (DXY) are significantly...
OANDA:XAUUSD returning to the trend following news (inflation). The northbound train may continue from 2907. Upcoming unemployment claims and PPI data. Gold is supported by uncertainty surrounding Trump's tariffs and economic data from the United States. The Fed remains hawkish due to rising inflation, pushing bond yields higher and driving prices down to $2,865...
Hello dear friends, Ben here! Today, gold continues its strong upward momentum. Taking inspiration from previous growth - high economic risk. The price is moving increasingly closer to the previously anticipated mark of $3000. Accordingly, gold broke above the trend channel boundary and the $2850 mark at the start of the week in the US, but growth is being...
OANDA:XAUUSD during the adjustment period, we are monitoring key risk zones from which the trend may continue or the correction could extend longer... The focus today is on the scheduled US CPI data release, which could provide new momentum for gold. Markets remain concerned about Trump's tariffs potentially triggering inflationary pressures, which could allow...
OANDA:XAUUSD has approached the 2950 level but has yet to reach the key psychological threshold. The current price action indicates a correction phase, allowing the market to rest and accumulate liquidity ahead of key news releases, with a potential move northward on the horizon. Gold is currently testing the 2900 level following Trump’s new tariff announcement,...
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Dear friends! Overall, USD/JPY, after hitting support and forming a false breakout below the local trend channel's lower boundary, the currency pair has resumed its upward movement, supported by the strengthening dollar at this time. Currently, the price has stabilized above the support level but remains below the 34 and 89 exponential moving averages (EMA)....