The key resistance level to watch is $2,350, which marks the top end of the current trading range for gold. If gold can manage to break above this level, it would signify a significant shift in market sentiment. Additionally, surpassing the $2,350...
WHAT IS USDCAD Technical Outlook:? INTRODUCTIONEXPLANATION SIR,, My dear sweet member,s you know that, In terms of economic data though, the Canadian dollar is sensitive to GDP data, employment reports, retail sales, trade balance, and CPI. In...
As investors eagerly await the outcome of the upcoming Organization of the Petroleum Exporting Countries (OPEC) meeting, scheduled alongside key allies like Russia, the global oil market braces itself for potential shifts in production dynamics....
The image is a technical analysis chart of NZD/USD on a 10-hour timeframe. Here’s a detailed breakdown of the key elements and potential implications: Key Elements: 1. Horizontal Resistance Level: - The horizontal resistance is marked around the...
Gold prices (XAU/USD) have retreated to the $2,420s, primarily influenced by global central bank policymakers' hesitance to commit to lowering interest rates. The precious metal typically underperforms in a high-interest-rate environment, as...