The price of gold (XAU/USD) experienced a decline, trading around $2,650 an ounce on Friday. The strengthening US dollar, driven by positive US labor market data, put downward pressure on gold. The US non-farm payrolls (NFP) report revealed that...
Harami Candlestick Chart Pattern The Harami candlestick pattern is a two-candlestick pattern commonly used in technical analysis to identify potential reversal points in the market. The term "Harami" means "pregnant" in Japanese, as it visually...
The U.S. dollar index (DXY) rallied strongly this week, boosted by expectations of a 25 basis point Fed rate cut in November and safe-haven flows amid rising tensions in the Middle East. Meanwhile, the GBP/USD pair saw a sharp sell-off following...
The British Pound has seen its rally stall over the past week, with price action suggesting that the momentum it gained earlier is beginning to fade. While the short-term movements indicate a drift from this week’s peak, the technical outlook...
The current market landscape reveals a notable bearish sentiment, characterized by persistent selling pressure that has emerged around the critical price levels of 0.87460 to 0.87743. This range has proven to be a significant barrier for buyers,...