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Fundamental Analysis Gold prices eased from a three-day high and traded around $2,640 in early European trade on Friday, still up more than 0.40% on the day. A rise in US weekly jobless claims pointed to signs of weakness in the labour market and will allow the Federal Reserve (Fed) to cut interest rates further. This, in turn, triggered a slight decline in US...

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Hello traders. USDJPY is forming wave ABC with the expectation of rising above wave 5 to form a new wave. Our BUY signal is formed at 148.700 with SL Zone 148.300. Wish you successful trading.

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The price zone 2648 and 2658 are being watched at the moment to prevent gold price from increasing further. The Asian session is looking at this zone to execute SELL signals. Our target is being watched at the 2630 zone which was the breakout point in the last evening session.

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Fundamental Analysis Gold prices attracted some buyers on Thursday and now appear to have snapped a six-day losing streak to a near three-week low around the $2,605-2,604 region tested the previous day. However, the rally lacked bullish conviction and is likely to run out of steam amid growing bets that the Federal Reserve (Fed) will cut its benchmark interest...

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Hello traders. 2605-2623 becomes the first border zone of the port. These are two important session port zones. When the price comes, we can trade and consider exiting the order before CPI. Besides, the price zone 15-17 is also paying attention to scalping. Wish everyone a successful transaction.

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Fundamental Analysis Gold prices fell sharply on Tuesday following a strong US jobs report and news reports that Hezbollah backed calls for a ceasefire in the conflict between it and Israel. As a result, hints of a possible de-escalation of the Middle East conflict opened the door for traders to take profits. XAU/USD traded at $2,615, down more than 1%. This...

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Fundamental analysis Gold prices attracted some selling for the fifth consecutive day on Tuesday, falling to their lowest in more than a week, close to the $2,630 trading range support level in the first half of the European session. Friday’s upbeat US jobs report provides further evidence of a resilient labor market and forced investors to trim their bets on...

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Hello traders Scalping SELL GOLD at current price with trendline resistance and session port. TP expects to return to price zone in 2640. Gold has bounced strongly from 2634 and gold needs some correction to continue to increase. Wish you successful trading

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Hello traders BUY GBPJPY now 193.600 according to Elliot wave abc pattern and bullish strong candle appeared after the downtrend ended. SL point is placed below the port area and we have short SL long TP signal. Wish you successful trading

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Fundamental Analysis Gold (XAU/USD) traded negative for the fourth consecutive day on Monday, despite no follow-through selling, remaining confined within a familiar range that has held for the past week or so amid mixed fundamental signals. Friday’s upbeat US jobs report dashed market expectations for more aggressive easing by the Federal Reserve, helping the US...

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🌐Fundamental Analysis Fundamental Analysis EUR/USD fell below the psychological support level of 1.1000 in New York trading on Friday. The major currency weakened as an upbeat US (US) Non-Farm Payrolls (NFP) report for September underpinned the US dollar (USD). The US Dollar Index (DXY), which tracks the greenback against six major currencies, surged above...

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Fundamental Analysis The British Pound (GBP) slipped below the round-figure support of 1.3100 against the US Dollar (USD) in New York trading on Friday. The GBP/USD pair extended its losing streak for a fourth session as market expectations for a 50 basis point (bps) rate cut by the Federal Reserve (Fed) fell again following the release of the upbeat US (US)...

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Fundamental Analysis Gold (XAU/USD) attracted some buyers on Friday and rose to $2,668, or the top of its weekly range heading into the European session. The US dollar (USD) eased slightly from a one-month high hit on Thursday and now appears to have stalled this week’s decent recovery from its lowest since July 2023. This, coupled with geopolitical risks stemming...

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Fundamental Analysis The US dollar (USD) extended its recovery from its lowest level since July 2023 and advanced to a three-week high amid fading prospects of more aggressive easing by the Federal Reserve (Fed). This, in turn, was seen as a major factor undermining demand for the non-yielding yellow metal, although continued tensions in the Middle East helped...

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Fundamental Analysis According to the Institute for Supply Management (ISM), risk-off sentiment was the main reason why investors shifted their attention from better-than-expected US employment data to stable business activity in the manufacturing sector. News reports revealed that Iran attacked Israel. According to ABC sources, Iran will launch 240-250 missiles...

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SELL USDJPY broke the trendline and support zone of the Asian session. The signal has retested the trend zone to welcome our entry before falling 50 pips. SELL USDJPY small lot now zone 144.200-144.400 Stoploss 144.600 Take Profit 1   143.800 Take Profit 2   142.500

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Fundamental Analysis Wall Street traded mixed as Federal Reserve Chairman Jerome Powell delivered remarks at the 66th NABE Annual Meeting. Powell ruled out a 50 basis point (bps) interest rate cut at any of the central bank’s remaining policy meetings. Powell said there would be two more 25-bps cuts by 2024 if the economy performs as expected. The greenback, as...

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Fundamental Analysis According to CME Group’s FedWatch Tool, the market is currently pricing in a more than 75% chance of the Federal Reserve cutting interest rates by another 50 basis points in November. In addition, weaker US macroeconomic data on Tuesday, coupled with the prevailing risk-on environment, further undermined the safe-haven dollar and confirmed the...