Technical Analysis of Gold On the 4-hour chart, the price of gold is trading in a good buying zone as it receives support from the price channel lines. The price has moved upward during the previous two weeks, which led to the opening of trading...
The EUR/USD currency pair resumed a strong decline on Friday, which had been ongoing throughout the week. Of course, the main and, essentially, the only reason for the rise of the US dollar on Friday was the macroeconomic data from the US, which the...
The new week has opened with a mixed outlook for US West Texas Intermediate (WTI) crude oil prices. After reaching five-month highs above the psychological $75.00 level on Friday, prices have pulled back slightly, currently trading around...
Bitcoin’s Unstable Momentum: Is a Major Move Coming? Bitcoin has shown increased volatility, with prices jumping toward the 61,600 level yesterday before bouncing back to test the 62,900 level. As of now, technical analysis suggests a bearish...
GOLD We can see on the weekly time frame that there is a bullish engulfing pattern in the support area, which can be a valid indicator that the trend of the Gold pair will soon become bullish. Based on the fact that the bullish engulfing pattern...