The spot prices gained traction early on Monday, buoyed by a weaker U.S. Dollar (USD) during the European session. The precious metal’s downside potential appears limited as traders anticipate a possible interest rate cut by the U.S. Federal Reserve...
In my morning forecast, I focused on the 1.2775 level and planned to make trading decisions based on it. Let's look at the 5-minute chart and see what happened. The rise and subsequent false breakout at 1.2775 triggered a selling opportunity for the...
GBPUSD TECHNICAL ANALYSIS: On the GBPUSD H1 time frame chart, the currency pair has been exhibiting intriguing behavior, particularly since the morning session. The GBPUSD has been making a concerted effort to break out to the upside, signaling...
News Natural Gas (NG) Forume Time™ H4 Have a great day everyone! I noticed the following situation on the #NG currency pair: The linear regression channel on the 4-hour chart has an upward slope, which shows that buyers are strong in the market. The...
Citi sees higher investment demand for gold In a report released last week, Citi strategists forecast a substantial rise in physical gold investment demand through 2024 and 2025. The bank anticipates that gold prices will surpass $2,500 per ounce in...