Hello everyone! Currently, USDJPY is moving below the support level of 152.00 after a false breakout earlier (as mentioned on the 1D chart). The pair is currently struggling to hold the psychological level of 150.00, with the aim of retesting the breakout zone before falling further. Accordingly, the bearish outlook for today is further boosted, in case the trend...
Hello dear traders! In general, after yesterday's consolidation above the $2430 level, the price has rebounded, amid a stronger US dollar. Gold rebounded after data showed very narrow manufacturing activity, while US employment data highlighted a weak labor market ... Accordingly, initial jobless claims increased by 14,000 seasonally adjusted to 249,000 in the...
Hello everyone. Let's discuss and strategize today! On the EURUSD impact factor: EUR/USD remains firm above 1.0800, breaking a two-day losing streak in the European session on Wednesday. However, further upside momentum seems elusive, as traders prefer to wait for Eurozone inflation data and the Fed's policy decision before placing fresh bets. On the EUR/USD...
Hello dear traders! GBP/USD retraced recent losses, trading around 1.2832 during Asian hours on Wednesday. Daily chart analysis shows the pair is in the narrow part of the descending channel, suggesting a consolidation phase or a possible reversal. Technically, GBP/USD remains slightly below the downtrend line, currently at 1.2860, and the Relative Strength Index...
Hello all dear traders! Currently, EUR/USD is stable above 1,0800, losing the recovery momentum in the European session on Thursday. The US dollar found a place after the decline due to the decision of the Fed. Looking forward, the US ISM PMI data will be the highlight on Thursday. Looking at the panoramic picture, the discount trend of this pair of money will...
Hello everyone, today we will together analyze in detail the situation of the gold market today based on the monthly chart. This chart gives us a lot of important information about price trends and important technical signs to note. Let's explore with me! It is known that on the monthly chart of gold (XAU/USD), we can see that the current gold price is trading at...
Hello dear traders! The price of gold consolidating the strong momentum of the previous day to the highest level in two weeks in the context that the Fed will cut interest rates as soon as possible in September. Moreover, geopolitical risks and concerns aboutness Global economic downturn will continue to benefit from safe shelter from Xau/USD. Accordingly, the...
Hi everybody! Gold has regained success and is currently maintaining a psychological position of $ 2,400, currently trading around $ 2416. In addition, although the trend of increasing is not strong, this precious metal has demonstrated the stable recovery, supported by the trend line that increased clearly. But! There are signs showing a potential resistance...
Hello dear traders! Let's discuss and strategize today! Gold price today is trading at 2,380 USD/ounce, down slightly by 10 USD compared to yesterday's opening price of 2,390 USD/ounce. Accordingly, the recent recovery of the USD has put pressure on the yellow metal. Specifically, the US Dollar Index rose about 0.3% to its highest level in more than 2 weeks,...
Hello wonderful new friends to Karina. What do you think about gold's next trend? Discuss and strategize carefully today and make the trade! Gold (XAUUSD) opened the trading session on Monday (July 29) rising to 2402. But! quickly retreated and reached 2387 USD, forming a short-term resistance peak at 2400 USD. At the time of writing, the price is trading at...