Gold prices have recovered slightly, trading at $2,639.97 an ounce, marking a modest gain of 0.20% over the past 24 hours. The recovery comes after a recent decline, driven by a stronger US dollar and rising US Treasury yields.
The current rise reflects cautious optimism among investors as the market awaits key economic data from the United States. The upcoming...
The EUR/USD pair is entering a clear bearish correction phase on the 1-hour timeframe. With selling pressure from the OB Zone and strong bearish signals from the EMA indicators, the price is expected to continue moving towards lower support levels.
Suggested Trading Strategy
Entry Points (Short Entry):
Open a short position when the price slightly retraces...
Gold prices were under pressure yesterday as the PMI news was released, which was good for the dollar and Treasury yields rose. However, gold prices were supported by the forecast of a December Fed rate cut and geopolitical tensions in Syria and Russia-Ukraine, creating a push into safe havens.
Gold prices are currently moving sideways in a large range between...
