Levels to Watch in Gold Price Action One critical task in analyzing recent price action in gold is finding significant levels that traders should watch. The recent high near 2699.37 is considered a vital resistance level. Resistance levels are those...
Gold prices surged over 1.8% at the beginning of the week, surpassing the $2,600 mark after a recent dip to $2,536. This upward trend was primarily driven by escalating tensions in the Russia-Ukraine conflict and a weakening US dollar. The US...
Price Action Overview The chart shows a bullish trend, with gold prices moving upward steadily before hitting resistance near the 2627 level. The latest candlesticks indicate a pullback from this resistance zone, suggesting some profit-taking or...
EUR/USD Greetings and Good Morning guys! We can observe a bearish scenario on EUR/USD starting Friday. The market dropped sharply down and reached the 1.0518 zone successfully. So, the buyers will come back and we will see a bullish scenario today....
Who to trade with momentum in forex trading. is trading on momentum? Momentum trading is a strategy that involves taking a position based on the strength of a market trend. It's a popular way of trading in volatile markets, as the goal is to find...
