SupperTrading-FX

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TVC:GOLD prices are heading towards a sustainable break above $1980 as Fed policymakers are divided over June's interest rate policy. Fed Harker and Jefferson support a pause on policy tightening while Fed Mester sees no reason to pause. TVC:GOLD price is accumulating strength to break above the horizontal resistance at $1984.25 after breaking the...

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TVC:GOLD Gold prices rallied to renew intraday highs near 1,965$ in the early hours of the Asian session on Thursday as the US Dollar retreated along with hopes of the passing of the US debt ceiling bill. Passed by the House of Representatives. XAU/USD is up for the fourth day in a row, but gains remain modest. The daily chart shows the pair trading between the...

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TVC:GOLD Our Technical Confluence Indicator Signals Gold Price Retreating From A 1965 Resistance Confluence Including Fibonacci 38.2% In One Day And 61.8% In One Week, As Well As 23.6% In One Day month. That said, the quote now seesaw around the 61.8% Fibonacci for a day, around $1,960, a break of which would see a bumpy road before testing the $1,950 support...

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TVC:GOLD Gold prices rallied to refresh the day's high as buyers celebrated a two-day winning streak, after refreshing a 10-week low. In doing so, XAU/USD doesn't justify the latest DXY rally but cleverly cheers falling Treasury yields. Gold prices edged higher past resistance turned support at 1,955$ including the 5-DMA and the previous monthly low. GOLD ...

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Gold bounced back from a low of $1932.1 and reached a high of 1963.5$. The uncertainty around Congress passing the debt ceiling deal and mixed US data supported the rise of gold. In May, the CB Consumer Confidence in the US decreased to 102.3 from an upward revised 103.7 in April. The first catalysts for gold's movement are China's Official NBS Manufacturing...

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The US debt ceiling deal voting has created caution among the House members. Despite that, gold buyers are still in control due to mixed US data. However, the possibility of a rate hike by the US Federal Reserve may limit the increase in gold prices. The Gold Price is still interesting to buyers as it keeps surpassing the resistance level of $1,950, which is now...

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TVC:GOLD Gold holds the previous day's correction off key short-term support while rounding up to 1958$ during Wednesday's Asian session. Precious metals show a sluggish market mood ahead of key US data/events as the GOLD bears run out of steam. The metal thus appears to have limited upside, thus highlighting the convergence of the 21-DMA and the 50-DMA, around...

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TVC:GOLD Gold prices attracted some buyers in the vicinity of the 100-day Simple Moving Average (SMA) and produced a modest recovery from the 1935-1934$ area or two-month lows touched the previous day. . GOLD bounced back above 1,950-1953$ during the early European session and now, seems to have cut a two-day losing streak. From a technical perspective, any...

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TVC:GOLD The gold price rally moves closer to a key near-term upside barrier around 1950$, which includes the one-day Fibonacci 38.2% and the previous monthly low. In the event that XAU/USD remains more stable past 1950$, the convergence of 5-DMA, previous daily lows and one-day Pivot Point R1, near 1955$, could spur Gold buyers before giving them the right....

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TVC:GOLD Gold price (XAU/USD) marks a zigzag move around daily bottom near 1942$ as bears continue to take control. Gold price struggles to defend the recovery from 2.5-month horizontal support around 1932-35$ amid below 50.0 of the Relative Strength Index (RSI) line, set at 14 , which indicates a lack of bullish momentum. Adding strength to the bearish trend...

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Gold prices fell as US Treasury yields fell, but the possibility of a US debt ceiling deal being challenged and the risk of default boosted gold demand. However, the end of the holiday season in many markets could lead to further declines in gold prices. The US CB Consumer Confidence Index is due out today, and Germany and the Eurozone will soon release...

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The US dollar is gradually recovering. The market is facing fear when the news that the Fed will continue to raise interest rates appears. Gold price has broken out of a volatile contraction pattern and is predicted to produce a vertical drop. A daily close below the 100-day support is needed to continue the correction to the March 17 low of $1918. Deeper decline...

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TVC:GOLD From a technical perspective, some selling below the daily low, around the 1,935 area, would be seen as fresh trigger for bearish traders. Gold price could then accelerate its decline towards the 1,918$-1.920$ intermediate support before finally dropping to the $1,910 circular mark. On the downside, the 1,945$-1,950$ area is likely to act as an...

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TVC:GOLD Gold prices fell below three-week descending resistance, around 1950$ at press time, after falling for the past three weeks in a row. On the other hand, a daily close below resistance turning support around 1,955$ is not an open invitation for Gold sellers as the upward sloping trendline from November 2022, near 1,935$, could challenge the bears before...

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US lawmakers have agreed "in principle" to increase the spending limit for the next two years, potentially preventing a US debt default before the June deadline. This has eased concerns about economic disruption and boosted returns on risky assets. However, gold prices have dropped as the dollar has strengthened, reaching two-month highs. Markets anticipate a...

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USD/JPY has dropped from its yearly high and ended its three-day upward trend. It's difficult to predict the drop unless it goes below the support level of 135.75. If it does, the next support levels would be 133.50 and 130.00. If buyers hold their ground, previous resistance lines at 139.75 and 139.20 could act as intermediate halts.

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OANDA:EURUSD The daily chart shows EUR/USD closing below 1.0775, suggesting further weakness. While there may be some consolidation, the common direction could be downwards. The 100-day simple moving average (SMA) is flat, about to turn bearish, currently hovering around 1.0810, reflecting three bearish weeks. Expected to have a strong bounce after a series...

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TVC:GOLD Gold price extended its downtrend below the immediate support of 1,930$ during the Asian session. Earlier, the precious metal showed a vertical decline after sliding below the 1,955$ cushion as the US economy was moving closer to default amid a divergence in views on the budget between the two countries. Gold price has turned out of balance after...