The chart provided is a 1-hour candlestick chart for the Gold Spot/U.S. Dollar (XAU/USD) pair, sourced from TradingView. It displays the price movement of gold against the U.S. dollar over a period, with each candlestick representing one hour of...
Fibonacci is considered one of the most powerful tools that can be relied upon in trading. Traders use the Fibonacci indicator to identify potential support and resistance points based on specific mathematical equations. The discovery of the...
WTI Crude Oil Shows Signs of Bullish Momentum on 4-Hour Chart Looking at the 4-hour chart for West Texas Intermediate Crude Oil, we can observe some interesting technical developments suggesting potential upward movement. Currently trading around...
The EUR/USD pair experienced some buying interest during the early hours of Asian trading on Friday, with prices hovering near the 1.1370 level. The persistent concerns surrounding the economic repercussions of tariffs continue to exert downward...
I currently don't like the mood of the price action on the USD/CAD pair, as I sense that bearish pressure may intensify and drive the price further downward. I believe this could likely trigger my stop, and I’ve already mentally prepared for that...
