I believe that the recent price movements in the XAUUSD pair are primarily driven by profit-taking, followed by renewed buying interest, which sustains the upward momentum. I observed that on Thursday, the price updated its maximum again, and I...
Money Flow Index (MFI) The Money Flow Index (MFI) is a momentum indicator used in forex and other financial markets to measure buying and selling pressure based on both price and volume. It's similar to the Relative Strength Index (RSI) but...
Forecast of Gold On the H4 time frame chart, the price of Gold is running in an ascending channel. As the price increased and decreased, it challenged the bottom and top levels of the ascending channel two or three times. On the H4 time frame chart,...
XAUUSD Technical Analysis Gold (XAUUSD) is currently trading near $2937, showing consolidation after a recent bullish move. The 150-period moving average (MA) on the H1 timeframe is positioned below the price, indicating short-term bullish control....
TRADING CHART ON EUR JPY H4. The Euro's future could be greatly affected by the upcoming EU PMI report. Yesterday, the Euro weakened against the Yen, causing the EURJPY pair to fall. If the PMI numbers are good, the Euro might go up. But, the...
