Gold continued to decline during the last week of trading, reaching another local low. Initially, the price attempted to move higher, breaking the upper limit of the range at 2358, but it failed to hold. The price then turned sharply downward,...
USD/ CAD Price Review and Summary Presently, we are in the process of decoding the USD/ CAD currency pair's live pricing. This week, USD/ CAD mostly traded sideways, except for Wednesday when significant news about the dollar emerged, causing the...
I highlighted the 1.0710 level in my morning forecast and planned to make entry decisions based on it. Let's look at the 5-minute chart and see what happened there. The rise and formation of a false breakout at that level gave a signal to sell the...
Fundamental Analysis Monday's oil prices are expected to rise somewhat despite no significant news stories pushing up costs. While traders are assessing and projecting how the switch to electric vehicles would affect demand in the medium to long...
Gold (XAU/USD) traders are closely monitoring the critical resistance level of 2300. A break above this threshold could signal the continuation of the bearish trend, opening up opportunities for new gains. Traders, anticipating this breakout, may...