Hello everyone ! Gold continues its downward trend today, following the decline since the beginning of the week, with prices currently hovering around $2,908. The primary reasons for this drop are the rising U.S. Treasury yields and profit-taking by investors. Right now, the market's attention is focused on the upcoming U.S. jobs report and non-farm payroll...
Dear friends! GBP/USD is showing a strong bullish trend across almost all timeframes, with the Super Trendline indicator acting as a solid support. Additionally, the breakout above the previous resistance level at 1.2815 has played a significant role in driving further buying momentum for this pair. As long as the price remains well-supported, GBP/USD is likely...
Dear traders! Breaking out of the bullish channel has fueled an impressive rally in EUR/USD, with the pair currently trading around 1.0806 and showing no signs of slowing down from the bulls. In the short term, to maintain its upward momentum, EUR/USD must break through the key resistance level at 1.093. A successful breakout could extend its bullish journey....
Gold price is sitting at one-week highs near $2,930 early Thursday, consolidating a three-day recovery while aiming for a retest of lifetime highs of $2,956 ahead of mid-tier US economic data releases. As mentioned on the chart, the uptrend remains intact, with the 34.89 EMA acting as strong support and the parallel channel effectively protecting buyers....