Good morning. The current market movement appears to be responding to prevailing conditions, with signs indicating an attempt to push prices lower and maintain the bearish trend, potentially continuing the downward momentum. Since the beginning of...
XAU/USD At the beginning of the week, gold (XAU/USD) made a strong upward move, reaching a new all-time high of $3,500 in the early hours of Tuesday during trading in Asia. Nevertheless, this unprecedented increase was met with a steep decline later...
Gold (XAU/USD) Trading Discussion Market Overview Gold (XAU/USD) faced a significant decline today, dropping approximately 2% to around $3,300 per ounce. This downturn is mainly attributed to a strengthening US dollar and the easing of trade...
On the AUDCAD 1-hour timeframe, signs of bullish exhaustion are becoming increasingly visible. After an initial surge above the upper Bollinger Band, price action failed to sustain upward momentum, leading to a contraction phase. Recent attempts by...
Good afternoon, This week, the market experienced early downward correction sentiment which initially cast a shadow over the market. However, looking ahead to the next week, we may observe ongoing attempts at correction, even though the overall...
