Gold has been caught in a delicate balancing act, influenced by a mix of economic data, geopolitical risks, and investor sentiment. While the weaker U.S. Dollar has provided some short-term support for the precious metal, gold faces potential...
The U.S. inflation data, set to be released soon, will play a pivotal role in determining the short-term direction of the USD/CAD pair. A slowdown in inflation could reinforce expectations of a Federal Reserve rate cut, which would likely put...
The Spot price struggled to regain momentum against the US Dollar during Thursday's New York session, unable to break above the key psychological level of 1.2800. Despite showing some intraday gains earlier in the day, the pair experienced a...
Technical analysis of the USDCAD pair The price is trading in a sell zone on the 4-hour chart as the weekly pivot level was broken and the opening of the previous candle, which was a reversal candle, was broken upwards. During this week, trading...
Hello, Sellers are now in charge of sentiment around the precious metal, pushing gold prices to daily lows near the $2,630 mark per troy ounce despite the dollar’s recovery. From a technical perspective, this week’s breakdown is below the...