Gold Daily Forecast Gold (XAU/USD) is in a broad uptrend, forming a series of highs and lows. The price recently rose to the 2940 level and then faced strong selling pressure. The current downtrend suggests that the market is in a correction after...
Technical analysis of GBPCAD Today I will start technical analysis on GBP/CAD. The market is currently in a downtrend, and the trend line is helping it enter a downtrend. The market is currently trading below resistance and above support. If the...
The US CB Consumer Confidence and Richmond Manufacturing Index report scheduled for release later today, will play a vital role in shaping XAU/USD movements. If these reports indicate economic strength and improved consumer sentiment, the USD may...
On Friday, Gold continued his bearish setback, falling to a new minimum of $ 2,833. This decrease exceeded prices below the minimum of three weeks of $ 2,853, marking another weekly breakdown and reinforcing the prevailing negative feeling. If Gold...
Last trading week, I sold USD/CAD from the 1.4350 level. I observed the price falling into a pullback, which prompted me to close the deal. Shortly after, I noticed a significant bullish impulse that drove the price higher. By the end of the week, I...
