The GBP/USD currency pair did not come close to the moving average line on Tuesday. Although a new corrective movement appeared to be starting on Monday, it quickly lost steam. During both Monday and Tuesday, the market had no reason to abandon...
Gold technical analysis Four hour time frame: In a falling wedge, I destroyed gold options faster than I expected. The metal has found support at the 2658 level and has bounced and traded there multiple times. This week, we should be able to recover...
The EUR/USD currency pair experienced a brief rebound from its recent lows, reaching near the 1.0300 level. However, the recovery proved fragile, with the pair remaining under pressure, highlighting the bearish sentiment that has dominated the...
XAU/USD Technical Analysis and Market Sentiment Market Efficiency and Current Value Today, the XAU/USD market hit a low of 2659 and a high of 2674, and the current price is trading at 2669. The XAU/USD market tested the support level of 2660, which...
Gold prices retreated on Friday after reaching a swing high of $2,698, encountering resistance following a bullish breakout above the trendline and completion of the 78.6% Fibonacci retracement. Despite Monday's bearish reversal pattern and weak...
