EA_BrianTradingFX

EA_BrianTradingFX Updated 

Brian greets everyone! Today, gold is consolidating its gains near the $2,660 level after reaching a two-week high earlier during the Asian trading session on Friday. Safe-haven flows amidst geopolitical tensions are providing solid support for the precious metal. Looking ahead, bullish opportunities appear more certain. However, gold will need to break above...

EA_BrianTradingFX

Hello everyone, Brian here! As anticipated, we’ve seen gold unexpectedly dip and it is now trading around $2639. However, on the 1-hour chart, gold remains in an uptrend with strong support at $2627. This suggests there is still a promising chance for gold to continue its upward momentum. Could this be the start of a significant rally? Stay tuned!

EA_BrianTradingFX

Hello, dear friends! Currently, the USD/JPY pair continues to trade below the 158.07 level, with its current price at 157.42. The pair is still attempting to break out of this range but lacks significant momentum due to a negative shift in risk sentiment. Additionally, concerns about China's economic health and upcoming policies from the Fed and BoJ are weighing...

EA_BrianTradingFX

Dear friends, The GBP/USD saw a slight shift on Thursday, dropping over 1% as the new trading season began, falling below 1.2400 for the first time in nearly ten months. Market volumes remain thin after the midweek New Year holidays, but trading sentiment is clearly risk-averse. On the chart analysis: on the positive side, the 1.2360 level is seen as key...

EA_BrianTradingFX

Hello, dear friends! The EUR/USD continues its sharp decline to kick off the 2025 trading season, dropping 0.8% and reaching 1.0250 for the first time since November 2022, marking the lowest level in nearly 26 months. However, the 4-hour chart indicates that EUR/USD is oversold, suggesting that selling pressure may be diminishing, though no clear signs of a...

EA_BrianTradingFX Updated 

Dear friends, Today, gold prices saw a modest increase, trading around $2,625 during the early Thursday session in Asia. The yellow metal continues to find support from uncertainties surrounding Donald Trump’s tariff policies, geopolitical risks, and central bank buying activities. However, as indicated in the chart analysis, prices must overcome the immediate...

EA_BrianTradingFX Updated 

Brian greets everyone! After recording losses for two consecutive days, gold has found support near $2,600 and managed to recover early Tuesday. With investors refraining from taking large positions ahead of the New Year holiday, XAU/USD is holding onto its daily gains at around $2,620. Regarding gold price volatility, speculators might be in for another...

EA_BrianTradingFX Updated 

Hello, dear traders! The GBP/USD pair has lost momentum, slipping below 1.2550 after briefly climbing above 1.2600 on Monday. Despite early-week pressure on the USD due to falling U.S. Treasury yields, a risk-averse market sentiment has provided support for the dollar, capping the pair's upside potential. Looking ahead, the path for GBP/USD remains influenced by...

EA_BrianTradingFX

Hello, dear friends! We are currently witnessing the continuous upward momentum of BTC, which has reached $95,700 and is anticipated to soon test the $95,860 mark. On the price chart, a bullish trendline has formed, supported by the EMA 34 and EMA 89, indicating further potential for BTC to climb higher without any significant reversals. The immediate resistance...

EA_BrianTradingFX

Brian greets everyone! The USD/JPY pair has retreated slightly from its highs but remains moderately strong near 157.50 during Thursday’s Asian session. The pair continues to draw support from the renewed strength of the US dollar, as risk sentiment deteriorates following weak PMI data from China. Thin market liquidity, with Japan on holiday, could further...

EA_BrianTradingFX

Hello, dear friends! Brian here with an update on the EUR/USD pair! Currently, EUR/USD is leveraging a strong rebound from its key support level at 1.034, presenting promising opportunities for further upward movement. The pair appears to be consolidating, preparing for what could be a significant bullish breakout. The critical focus now is on the 1.035...

EA_BrianTradingFX Updated 

Hello everyone, Brian here! It's great to connect with you all again! Currently, gold prices are hovering around $2,612, marking a decline of over $10.7 from the start of yesterday's trading session. This drop comes amid a less optimistic outlook from the Federal Reserve, which is expected to reduce interest rates at a slower pace in 2025. Additionally, with...