Jackeyloves

Jackeyloves Updated 

GOLD has continued its short-term downtrend and fallen around the target area we set in the 1970-1972 area. According to the correct analysis, the downward wave will end today. From a technical perspective, if gold wants to increase, it needs to maintain stability above 198x in today's trading session and close the daily candle above that zone. The bullish...

Jackeyloves Updated 

Buy zone 160.600 when price break out and close the candle above 160,600.

Jackeyloves Updated 

Entry buy zone 1.23300 The GBP/USD pair commenced the beginning of the week with a calm and steady approach, consolidating the significant surge experienced on Friday, which propelled it to reach a three-month peak. At present, the current trading levels for spot prices hover around the 1.2375 range, with their movement heavily influenced by the performance of...

Jackeyloves Updated 

EUR/USD is trading sideways at the level of 1.0700 at the beginning of Monday, consolidating the strong gains from the previous week. However, the upward trend in this currency pair seems difficult to grasp as the US Dollar prevents its decline, despite improved sentiment. Entry BUY ZONE 1.69000

Jackeyloves Updated 

The price range between 2004 and 1976 has been maintained by gold for more than a month. Since the conflict in the Middle East broke out, gold has been in this price range and is waiting for an opportunity to break through. Instead of the Israel-Hamas conflict strongly affecting the gold market, it will now turn to a Fed rate cut, with the only question being...

Jackeyloves Updated 

The upper trendline and lower trendline form two support and resistance zones that lead the price of gold to increase day by day. The dollar price is recovering after the nonfarm news announced, slightly slowing down the rise of gold amid the tense political situation in the Middle East. Gold is trading above the EMA 34 and 89 plus the support from the 1990 area...

Jackeyloves Updated 

Gold rebounded above the 2000 zone after the US October employment report. The positive shift in risk sentiment has limited the rise of precious metals, leading to a decrease in XAU/USD to the level of $1,990. Gold prices are finding support from the weak performance of the US Dollar and US Treasury yields, and all conditions are perfect for a hit above 2010...

Jackeyloves Updated 

The GBP/USD closed at 1.2200 on Thursday, marking the highest level in a week. This was supported by the Bank of England's decision to keep interest rates unchanged and the weakness of the US dollar. The DXY weakened amid risk appetite. The US job report will be released on Friday. On the 4-hour chart, the upward trend of GBP/USD remains intact with no signs of a...

Jackeyloves Updated 

World gold moved in a fairly narrow range yesterday on the 1979-1990 run amid market caution ahead of Nonfarm payroll data. It is likely that gold will not have many fluctuations in the Asian and European trading session tomorrow. Tonight, the Nonfarm payroll is announced. Expected to follow last month's trend. Average hourly earnings are also said to be...

Jackeyloves Updated 

Fundamental Analysis: Yesterday, the global gold moved in the range of 1971-1991 as several economic data from the United States were released, along with corresponding policies that align with the current economic situation in the US. According to the FOMC, the monetary policy remains unchanged at 5.5% during yesterday's meeting. Fed Chairman Jerome Powell stated...

Jackeyloves Updated 

The USD/CAD pair continues to experience selling pressure for the second consecutive day on Thursday, as it extends the decline from the 1.3900 level reached earlier, which was the highest level since October 2022. During the Asian session, spot prices fell to around 1.3825, influenced by a combination of factors including rebounding oil prices and a weaker...

Jackeyloves Updated 

The USD/JPY has further adjusted from its year-to-date high, sliding down to the vicinity of 150.00 amid the bearish trend in the USD. The currency pair extended its retreat overnight from the 151.70 region, which was the highest level seen since 2022, and continued to decline for the second consecutive day on Thursday. The spot price is currently trading just...

Jackeyloves Updated 

The market has implemented the term "hawkish pause" to boost the value of the USD. Perhaps, in an effort to sustain USD strength for a little longer (the euro has weakened by 4.5% over the past 6 months), few people have confidence in the Fed to make a decisive move. This morning, Jerome Powell noted in his public speech that the committee has not discussed what...

Jackeyloves Updated 

The GBP/USD benefited from improved risk sentiment and rose to 1.2200 during Tuesday's trading hours. The renewed strength of the US Dollar (USD) in the latter half of the day forced the currency pair to regain its daily gains. Yesterday, the currency pair traded within a tight range around 1.21700 as investors prepared for Nonfarm Payrolls. The majority of the...