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OANDA:XAUUSD rising after a false breakout of 2547. Fundamentally, the situation is quite complicated as well as technically... The metal price is positively affected by the escalating Russia-Ukraine war, making gold more attractive to investors as a safe-haven asset. In addition, the appeal of gold is reinforced by geopolitical tensions, economic risks and a...

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Ben, hello everyone! CAPITALCOM:EURUSD is consolidating in the form of a "flag", the purpose is to accumulate before continuing the trend... The fundamental context remains negative. On D1, when looking closely at the 4-hour chart, it is clear that the price is maintaining a decline below 1.0600. There is no reaction to push the price higher. Therefore, in the...

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Dear Traders, Ben here! After suffering significant losses last week, gold has regained its recovery momentum and is trading positively above $2,600 on Monday. The fundamental backdrop supports this recovery. Key resistance levels at $2,518 and $2,628 now divide the market into two distinct zones. Meanwhile, market participants are awaiting moves from several...

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CAPITALCOM:EURUSD remains relatively stable. The price is currently consolidating above the breakout level of 1.058, forming a potential breakout scenario. Meanwhile, the US dollar is experiencing slight depreciation during this period. Theoretically, after the breakout, the pair has been consolidating (aiming to accumulate previous market liquidity levels)...

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Dear Traders... Let's discuss and strategize with Ben today! Overall, after updating the low around 1.0497, the price recovered around 0.08% on the day. However, EUR/USD remained on the defensive near 1.0550 during the European session on Monday. The pair remained weak as geopolitical risks between Russia and Ukraine resurfaced although the US Dollar limited its...

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Hello, dear friends, Ben here! Gold (XAU/USD) extended its recovery early Monday, testing the $2,600 level and ending a six-day losing streak after a false breakout and a retest of $2,546. The latest surge in gold prices may be tied to escalating geopolitical tensions between Russia and Ukraine, following the U.S. authorization for Ukraine to use long-range...

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OANDA:XAUUSD is in a strong downtrend after leaving the parallel channel. The price is preparing to update the local low. But! There are positive nuances from the news.... According to CME's FedWatch tool, traders are forecasting an 82% chance of the Fed cutting interest rates in December, up from around 58% before the data. However, investors believe that the...

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Hello, dear traders, Ben here! Spot gold is consolidating around the $2,600 mark on Wednesday after extending its recent slide to $2,589 per troy ounce, marking the lowest point since September Meanwhile, sellers have decided to take a pause ahead of the key U.S. CPI report, which could significantly impact Fed rate-cut expectations and provide fresh...

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As expected, EURUSD continues to hit new lows, currently hovering around the 1.062 level. The Euro's retreat has largely been driven by a sharp rally in the U.S. dollar (USD), pushing the U.S. Dollar Index (DXY) above 106.00, marking multi-month highs. This surge is fueled by market optimism surrounding the so-called “Trump trade,” with investors betting on...

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Hello all dear XAUUSD traders! Gold price today is trading at $2,620/ounce, down sharply by $64 from the previous day's opening price of $2,684/ounce. Gold fell mainly due to the US dollar holding its position at a 4-month high around 105.5 points. In the same view, Daniel Ghali (analyst at TD Securities) agrees that the possibility of high tariffs applied...

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Welcome to all gold traders! After a volatile week with a series of news, today's gold price has gradually shown a downward trend. At this time, gold is fluctuating around the 2670 threshold and has not yet found the momentum to escape the downward trend. Many people must be wondering: Why did the gold price drop so sharply? Regarding the international market...

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EUR/USD remains under pressure and fell to 1.0750 after Thursday’s rally. The main reason for the decline is the recovery of the US dollar and the cautious sentiment weighing on the pair as traders digest Trump’s victory and the Federal Reserve’s monetary policy announcements. I am currently monitoring EUR/USD on the 1-hour time frame and I see clear bearish...

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Dear Traders! Today, gold prices fell sharply, ending the week at $2,684, recording a decrease of 0.83%. The rising US dollar, fueled by political uncertainty, put a lot of downward pressure on gold. The shift of investors to riskier assets added to the selling pressure on gold in the market, reinforcing the bearish trend. Analysis of the 4-hour chart shows that...

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The EUR/USD pair remained under bearish pressure for the second consecutive session, hovering around 1.0720 during Monday’s Asian trading hours. The pair was weighed down by a stronger US dollar and political uncertainty in Germany. As seen on the 1-hour chart, the technical outlook favors continued downside momentum, with a potential target towards support...

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Today, USD/JPY continued its remarkable rally, reaching 153.63 with a 0.67% increase on the day. This is an important step as the USD regains strength, while the JPY weakens due to political instability in Japan. Notably, the bullish trend remains intact with two stable EMAs below the candlestick chart, reinforcing the bullish momentum of this currency pair....

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The EUR/USD pair dropped to nearly 1,0780 in the context of the demand for US dollars increased again on Friday during Asian trading hours. In addition, the proposal to increase tax by Donald Trump put pressure on Euro compared to the US dollar. Ben personally predicts that, without unexpected breakthroughs, EURUSD will likely turn to an important support area of...

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USDJPY is showing significant upside momentum today, trading firmly within a well-defined bullish channel on the 4-hour chart and currently trading at 153.89. This bullish move reflects a stronger USD influence, fueled by recent events surrounding former President Donald Trump. Despite the steady push from technical factors, USDJPY may face resistance near...

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Dear traders! Today, gold prices have made an impressive recovery, rising more than $48.4 to $2,708.8/ounce, marking a strong move with an increase of more than 1%. This recovery is reinforced by the weakness of the US dollar, along with the news that the Federal Reserve is expected to cut interest rates by 0.25% this Thursday. Although future interest rate cuts...