I observed that the pair initially traded within a defined range, with clear boundaries established between support and resistance levels. I noted that the lower limits of this range were eventually broken, which triggered a surge in buying volume...
Technical Analysis of XAUUSD As of the market close, XAUUSD is trading at 2857, reflecting a continued downtrend. The price action suggests bearish momentum, with the market creating new lower levels. Key technical levels to monitor are the...
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XAU-USD Price Movement Update The Gold market (XAU/USD) in the H1 timeframe shows an Elliott Wave structure that has completed five impulsive waves in an uptrend. The price has been rising strongly since early January, supported by the trendline...
Market Fundamentals: The Swiss National Bank (SNB) Chairman, Martin Schlegel, recently left the possibility open for additional interest rate cuts in the coming year. However, he noted that it was now less likely the central bank could lower rates...