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Fundamental Analysis Gold prices gained some positive momentum and rose to the $2,757-$2,758 region during the Asian session on Tuesday, returning close to the record highs hit last week. Persistent safe-haven demand stemming from tensions in the Middle East and concerns over the US election turned out to be the main factors acting as a boost for the precious...

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🌐Fundamental Analysis In the absence of high-impact macroeconomic data and fundamental drivers, GBP/USD may react to changes in risk sentiment on Monday. On Wednesday, the UK government will present its Autumn Budget. The US economic calendar will also feature important data releases in the second half of the week. The US Bureau of Economic Analysis will release...

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Update gold price fluctuations in today's European session. After creating a resistance zone around 2745. By the middle of the European session, if gold cannot break this 2745 zone, the possibility of gold's retreat is quite high and SELL signals are considered at 2724 and 2710. If it breaks 2745, wait for 2750 to execute SELL in the European and American...

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GBPUSD Analysis After outperforming its rivals in the first half of the week, the US Dollar (USD) lost some of its strength on Thursday, with the US Dollar Index down 0.4%. The positive shift in risk sentiment made it difficult for the USD to find demand, while falling US Treasury yields further weighed on the currency. The September Durable Goods Orders and the...

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SELL USDJPY breaks Dow and builds Gap. Expect TP expectation at the breakout zone of 152.100. TP point coincides with EMA 34 when the pair also needs to recover to the EMA zone after a period of being far away from EMA.

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Fundamental Analysis Gold prices edged lower to near $2,735, snapping a two-day losing streak in early morning trading in Asia on Monday. However, the precious metal’s losses may be limited amid geopolitical tensions and ongoing uncertainty surrounding the US presidential election. Buying by central banks and rising demand from investors have pushed up prices of...

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Fundamental analysis Gold prices remained close to the lows of their daily ranges in the first half of the European session, pressured by a combination of factors. For now, the US dollar (USD) appears to have halted its downward correction from a near three-month high hit on Thursday amid bets that the Federal Reserve (Fed) will cut interest rates less. This,...

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Hello Traders. The head and shoulders pattern is forming before the news. With the expectation that the news will have a corrective fall. The 2738-2740 zone is still relatively strong to prevent the price from increasing back to ATH of gold. We are waiting for a SELL signal to bet on the news. Wish you a favorable trading day.

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Wait for BUY retest entry after price breaks out of important resistance zone. Pay attention to 151,000 zone to have a buy strategy when price reacts. Target of this signal is around 154,900 zone. Wish you have a great trading strategy.

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Fundamental Analysis Gold prices fell sharply from an all-time high of $2,758 on Wednesday as US Treasury yields rose, while the greenback hit a two-month high, according to the US Dollar Index (DXY). Risk appetite has deteriorated, prompting a flight to safe-haven currencies, but not assets such as the yellow metal. The yield on the US 10-year Treasury note has...

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🌐Fundamental Analysis The European Central Bank (ECB) cut its key interest rate by 25 basis points (bps) as expected after its October policy meeting. In its policy statement, the ECB noted that it will continue to pursue a data-dependent and meeting-by-meeting approach to determine the appropriate level and duration of policy accommodation. In her post-meeting...

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Fundamental Analysis Gold prices rose above $2,700, hitting a fresh record high on Friday amid expectations of interest rate cuts and an easing monetary policy environment from major central banks. Moreover, persistent geopolitical risks stemming from ongoing conflicts in the Middle East, coupled with uncertainty surrounding the US presidential election, appeared...

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Fundamental Analysis Gold prices traded in a positive bias for the second consecutive day and maintained intraday gains near the $2,675 region or a three-week high in the first half of the European session on Wednesday. Amid persistent geopolitical risks, disappointment over the lack of details on China’s fiscal stimulus dampened investor appetite for riskier...

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The Asian and European trading plan is focused around the resistance zone of 2660, the immediate support zone is around 2656. The important areas of interest after breaking out of the narrow range are focused around 2683 and 2637. Please pay attention to the price reaction around this area to have the best trading strategy today. The US session trading range will...

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Fundamental Analysis Gold prices found some support near the $2,638 region during the early European session on Tuesday and now appear to have halted its modest pullback from the more than one-week high reached the previous day. Persistent geopolitical risks and fears of a broader conflict in the Middle East turned out to be a major factor providing some support...

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Fundamental Analysis Gold prices rose for a third straight day on Monday, rising to $2,667, or above a one-week high, in early European trading on Monday. Expectations that the Federal Reserve will continue to cut interest rates amid a favorable inflation outlook were the main factor driving flows into the non-yielding yellow metal. In addition, escalating...

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Gold has reacted at the retest support zone and given a Buy signal after the Gap. Congratulations to those who have learned about price Gaps and buy signals. Gold prices may return to a strong uptrend after the retest at the beginning of the week. Today is a bank holiday for some important currency pairs, so the currency market may be gloomy and investors will...

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🌐Fundamental Analysis EUR/USD consolidated near 1.0930 in New York trading on Friday. The major currency traded sideways as the US Dollar (USD) remained flat despite the release of US Producer Price Index (PPI) data showing that producer inflation accelerated faster than expected in September compared to a year earlier. The US Dollar Index (DXY), which tracks the...