This week, gold is on track to close with an internal weekly pattern, indicating a period of consolidation. Friday marked a third straight day of lower highs, putting gold in a weak short-term position as it trades below the previous day's low and...
The price of gold experienced a decline of over 0.90% on Friday, falling below $2,500 for the second time this week. This decrease followed the release of the U.S. Commerce Department's report on the core personal consumption expenditures (PCE)...
GBP/CAD NEWS The GBPCAD pair which is currently in a bullish trend seems to be experiencing a downward correction phase. The downward price correction can go to FR 50 - 1.7633 or FR 61.8 - 1.7579 which means it is below SMA 200. If during the...
USD/CAD Forum Analysis, Forecast August 31, 2024 This morning's technical data, I will monitor market movements on a smaller chart using the H4 timeframe. It is very clear that this week the candlestick is still moving below the Simple Moving...
The GBP/USD exchange rate experienced a two-day decline, falling below 1.3150 during the North American session on Friday. This downward movement followed the release of the U.S. Personal Consumption Expenditures (PCE) price index data for July,...