Veda_Solomon

Veda_Solomon Updated 

Gold prices continued their upward adjustment today, marking a three-day streak of gains as heightened risk aversion fueled demand for safe-haven assets. This impressive rally comes despite the strengthening U.S. dollar, showcasing the precious metal's resilience in uncertain market conditions. So far this week, gold has surged over 3.40%, with bullish momentum...

Veda_Solomon Updated 

Gold prices extended their recovery momentum on Wednesday, gaining over 70 pips during the early session and hovering around $2,639. While the precious metal shows signs of short-term strength, the broader trend remains favorable for sellers. Gold’s recent rally stems from a weakening U.S. dollar, as investors took profits following last week’s sharp dollar...

Veda_Solomon Updated 

The EURUSD pair remains under significant bearish control, consolidating just above the critical support level near 1.0527. Despite a slight recovery, the overall trend continues to favor sellers, with the recent pullback likely to face resistance around the 1.0775–1.0868 zone. Key Technical Insights: Downward Momentum: The pair has been unable to sustain any...

Veda_Solomon Updated 

The gold market is displaying a recovery after recent losses, currently hovering near $2,645. However, the upward momentum is now approaching a critical resistance zone. Market Highlights: Resistance Zone: Gold faces significant resistance near $2,645-$2,650. A rejection at this level could trigger a downward retracement. Support Levels: The support zone near...