TruckieTrader

TruckieTrader

From late March to early April, AUDUSD rose from around 0.6650 to a high of 0.6730. This rally was driven by improving risk appetite in the financial market, as well as better-than-expected economic data from Australia. However, the pair started to decline in mid-April, falling back below 0.6600. This sell-off was due to a shift in market sentiment, as investors...

TruckieTrader

The current gold price is $2344.72 per ounce. Given the news of an imminent Iranian attack on Israel, we can expect the gold price to react in the following ways: Initial Spike: As news of the attack spreads, investors may flock to safe-haven assets like gold, causing a sharp increase in gold prices. This reaction is due to the uncertainty and fear...

TruckieTrader

With XAUUSD around 2062.90 today, bullion has shown tentative recovery off its November depths below $1620. However, price remains capped under the pivotal 200-day moving average around $1803, unable to reclaim meaningful support lost since March. The economic calendar and macro backdrops offer conflicted signals for traders. Cooling inflation and receding Fed...

TruckieTrader

Here is my analysis on the XAUUSD:xcme gold futures contract for the upcoming week: Technical Analysis: Price closed the week at $2071 after bouncing from the support zone around $2040 The futures contract is testing resistance at $2080, with upside barriers also at $2100 and $2130 if cleared Strong support sits at $2050 and $2025, with the 100-day SMA...

TruckieTrader

The CHFJPY pair is expected to continue its downward trend in the following week as the pair is currently trading at 129.10, and it is expected to reach a low of 128.00 by the end of the week on Friday 14th July. The main reason for this is that the smart money is currently selling the pair, and this selling pressure is expected to continue in the near...