In my morning forecast, I paid attention to the 1.0722 level and planned to make decisions on entering the market from it. Let's look at the 5-minute chart and figure out what happened there. Declines and the formation of a false breakdown gave a...
Gold has been hovering in support territory, particularly around the critical level of $2,290, marking a significant low since early May. This range has proven to be a crucial support zone, reflecting investor sentiment and technical market...
emerged, potentially countering the recent news-driven spike. However, it is likely that the price will retreat to the 1.0799 level, where the current movement originated. As the US trading session approaches or concludes, there may be an attempt to...
The market has taken a bearish turn, with sellers currently in control, causing a downward channel to open. As the downward momentum continues, I foresee the price declining until it reaches the 157.515 level. This specific level is crucial, as I...
Gold Market Technical Outlook for Today This sentiment is particularly evident in the XAU/USD pair (gold priced in US dollars). It appears sellers are poised to breach the 2285.00 resistance level soon. Although positive economic data releases,...