Technical outlook: Gold prices dropped to $1,925 lows during the Europe Session on Monday before finding support again. The yellow metal has moved in line with our earlier projection for a pullback from $1,960-65 mark. Bulls might want to remain in control from here and push prices through $1,990-2,000 zone in the next few trading […]

Technical analysis: Gold has been trading downside today as I expected. Gold reached the first downside objective at $1.939 and I still see potential for further downside movement. Trading recommendation: Due to potential completion of the ABC structure in the background, Is ee potential for the downside continuation. Watch for selling opportunities on the intraday […]

Wall Street analysts and retail investors have not given up on their prediction that gold will hit $2,000 an ounce anytime soon. Noting that the precious metal will be supported by the demand for safe-haven assets due to the ongoing geopolitical tensions in Ukraine, as well as rising inflation. Concerns in the global market are […]

Western economic sanctions continue to wreak havoc on Russia’s economy. The country cannot use its huge gold reserves. On Thursday, the US Treasury Department issued a notice clarifying that gold transactions in Russia are prohibited, citing decrees signed by President Joe Biden. The Treasury Department said in a statement that US citizens are prohibited from […]

Gold quotes started with a sharp drop on Monday. Will this negative trend continue throughout the week? Or will bullion manage to find an upside momentum? Last week, the precious metal market continued to experience strong volatility due to geopolitical uncertainty. The Russian-Ukraine military conflict has been going on for more than a month. However, […]

EUR/USD Analysis: The daily chart shows the downtrend of the European currency major over the last year and a half. The incomplete section started on March 9 this year. Analysis of the structure of this wave shows the absence of the final part (C). Forecast: In the nearest trading sessions, we can expect a flat […]

Gold price is found trading at the end of the week near its weekly highs. Price made a low this week at $1,910 and a high at $1,965 while now it is trading around $1,952. Gold price has already retraced 38% of the entire decline. Price stopped the bounce at the 38% Fibonacci retracement. Blue […]

The dollar seems to end this week in positive territory despite the decline during the Asian session. Futures for the dollar index (DXY) are trading near 98.66 at the beginning of today’s European session, corresponding to levels of almost 2 years ago. The dollar, in particular, is supported by the rising yields of U.S. government […]

Let’s take a look at the technical picture of EUR/USD, EUR/JPY, Gold and Bitcoin The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Technical Analysis – USDCAD shows negative… May 20, 2022 USDCAD has come under renewed selling pressure, falling back below…Trading Signal for GBP/USD on May 20-22, 2022: sell… May 20, 2022 […]

Technical analysis: Gold has been trading upside as I expected. The price reached my upside objective at $1.964. Anyway, there is strong resistance at the price of $1.970 and I see potential downside rotation. Trading recommendation: Due to strong resistance at $1.970, I see potential for the downside rotation. Watch for potential selling opportunities with […]

At the close in the New York Stock Exchange, the Dow Jones rose 1.02%, the S&P 500 rose 1.43% and the NASDAQ Composite rose 1.93%. Shares of Intel Corporation led the way among the components of the Dow Jones index today, which gained 3.35 points (6.94%) to close at 51.62. Quotes of Apple Inc rose […]

Early in the American session, gold is trading around $1,946 with a positive bias. According to the 4-hour chart, gold is above the 21 SMA (1,931) and above the 200 EMA located at $1,916. Yesterday, gold broke sharply through the symmetrical triangle pattern and now the short-term target is to reach the zone of $1,975 […]

Technical outlook: Gold prices have finally rallied towards its much anticipated counter trend and reaching close to $1,960 mark on Thursday. The yellow metal is now seen to e pulling back and is seen to be trading close to $1,947 levels. It is expected to find near term support through $1,930 levels, which is also […]

Gold price is trading above $1,945. Price is bouncing higher in what it seems to be a counter trend corrective bounce with respect to the decline from $2,070 to $1,894. Blue lines – Fibonacci retracements Gold price has not reached the 38% Fibonacci retracement yet. This is the first bounce target. This is also important […]

Technical analysis: Gold has been trading upwards as I expected. The price reached first upside objective at the price of $1.950. Anyway, I still see potential for further rally. Trading recommendation: Due to the breakout of the downside channel and strong upisde momentum, I see potential for upside continuation. Watch for buying opportunities on the […]

As the Federal Reserve begins a cycle of aggressive tightening to bring inflation under control, investors are worried about the state of the U.S. economy and what the bond market is saying. And also, accordingly, the price of gold reacts. One of the most popular indicators of the health of the U.S. economy is the […]

Markets have been dead quiet during the holiday period but the upcoming week is guaranteed to bring increased volatility. The nonfarm payrolls report along with the FOMC minutes and a host of other US data are bound to wake markets up, while employment and inflation numbers out of Canada and the Eurozone, respectively, should also […]

ETH/USD – Ethereum US Dollar Crypto Chart Technical market outlook of Ethereum (cryptocurrency) : Trading Ethereum (ETH/USD) : Ethereum is at an all-time lowest against the dollar around the spot of $ 3,577 – $ 3,600 – Ethereum is inside in downward channel. Since three weeks ETH/USD decreased within an down channel, for that Ethereum […]

Trading Cryptocurrency BTC/USD (Bitcoin) : Weekly Forecast : between 01-01-2022 and 07/01/2022. Piot Point : 48,027. As we know that : 1 BTC —> $ 46,739 approximately. 1 ETH —> $ 3,692 approximately. It follows that : 1 ETH —> 0.0789918483493442 BTC. Thereby, one Ethereum is only worth 0,0789918483493442 Bitcoin (January 01, 2022). Bitcoin price […]

During the past few weeks, the EURUSD pair has been trapped within a consolidation range between the price levels of 1.1700 and 1.1900. In late September, Re-closure below the price level of 1.1700 has initiated another downside movement towards 1.1540. Price levels around 1.1700 managed to hold prices for a short period of time before […]

The bullish swing that originated around 1.1650 in August, failed to push higher than the price level of 1.1900. That’s why, another bearish pullback towards 1.1650 was executed. However, extensive bearish decline has pushed the EURUSD pair towards 1.1600 and lower levels was reached. Shortly after, significant bullish recovery has originated upon testing the price […]

Stocks staged a post-Christmas rally, reaching new highs amid thin trading volumes. Meanwhile, the Japanese yen has emerged as the undisputed loser in the FX arena, as Omicron fears ease, prompting traders to shift into riskier assets. In the upcoming week, the latest US employment data and FOMC minutes take center stage, together with a […]

Positive sentiment supported by strong US jobless claims US stock futures have managed to remain near record highs, while trading volumes have narrowed and liquidity is drying up as the trading doors near closure for 2021. The question at year end is what effects from the rapidly spreading Omicron variant will rollover into the new […]

WTI oil futures have stretched towards 77.35 and are sitting above the 50-day simple moving average (SMA) at 75.71 after an upward surge from around the 66.00 mark. The positive incline in the SMAs has faded recently. However, they have yet to confirm that the trend has shifted to the downside. The short-term oscillators are […]

Stocks mixed after more US all-time highs as trading volumes thin out further Investor optimism put to the test amid surging Covid cases globally Dollar rebounds from lows as Treasury yields spike Surging virus cases put investors on edge Markets stuck to the mildly positive tone on Thursday as investors constantly reassessed the risks from […]