Fx_Oliviaa

Fx_Oliviaa

and the daily 21 moving average. This is where we can expect the buyers to step in with a defined risk below the support to position for a rally back to the highs The sellers on the other hand will want to see the

Fx_Oliviaa

Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against...

Fx_Oliviaa

In the bigger pictures Up trends from low is in progress Medium term outlook will stay bullish as long as support holds Next target is long term resistances

Fx_Oliviaa

The GBP/USD pair continued to rebound after the latest UK GDP numbers showed that the economy returned to growth

Fx_Oliviaa

EURUSD Jerome Powell hinted that the Fed was convinced that inflation was still bullish and that The bank was hopeful that it would start cutting rates later this year

Fx_Oliviaa

I am happy to hold a long position and I think it is wisest to look for long trades. Two consecutive higher hourly closes above the all time high of $73054 could be a good entry signals

Fx_Oliviaa

Markets got overexcited by Powell’s comments, providing bullish investors with a reason to drive XAU/USD upwards. However, the picture has begun to change over the past few sessions, with a new storyline unfolding in the wake of disappointing consumer price data, revealing a stark reality: progress on disinflation is stalling and possibly even reversing