Analysis and Trading Strategy for XAU/USD As part of our ongoing study of gold pricing dynamics, recent quotes have revealed a notable volatility influenced by positive economic reports from the U.S. particularly the monthly job data. These reports...
Market Analysis: Bearish Pressure and Key Support Levels Overview The recent market behavior indicates that sellers are exerting significant pressure, leading to consistent downward movement in price. This analysis focuses on the key price levels of...
GBP/JPY Analysis Update - August 10, 2024 Overview In today's analysis, despite the absence of high-impact data last Friday, the market exhibited relatively flat movement. The EUR/USD currency pair remained around the 187.05 mark. The GBP/JPY closed...
The yellow metal attracted buyers following a slight pullback on Friday, recovering steadily during both the US and European sessions. However, the upward momentum encountered resistance around $2,669 as easing geopolitical tensions, particularly...
What Is a Double Top? The double top pattern indicates a bearish reversal and warns traders about a possible trend reversal down at the top. This pattern is often found in the Forex market, as well as in the cryptocurrency, stock, and commodity...