Gold Technical Analysis Daily chart Gold (XAU/USD) regained bullish momentum on Thursday, hitting a new record high above $2,950 before entering a consolidation phase. However, the precious metal posted its eighth straight weekly gain....
Last week, I observed a decline in the price, which broke the support level at 1.43284 and closed near the next support at 1.41117. I noted that the price did not test the support level below this point, which led me to prioritize a further decline...
T E C H N I C A L _ A N A L Y S I S G B P / U S D Good morning. Taking a look at this chart below, it is noticeable that GBP/USD is trading around the moving average line MA (20) at 1.2631. According to my chart observations, the market is in an...
GBP/USD: Technical Outlook H-4 Chart The daily chart shows that GBP/USD finally gained acceptance at static resistance in the 1.2640 area on Thursday. The upside breakout also prompted buying to continue picking up above the 100-day simple...
The outlook for the US Dollar and bond yields remains robust as the Federal Reserve is anticipated to deliver fewer interest rate cuts this year, buoyed by an upbeat economic trajectory. Market sentiment is further strengthened by optimism...
