WTI crude oil continues to trade within a falling price channel on the 4-hour chart, signaling that the downtrend from 77.14 is still in place. Key Downside Targets: Upside Potential: Conclusion WTI remains in a downtrend, but...
Gold (XAU/USD) is currently facing a significant resistance level at 2484. A breakout above this level could indicate a resumption of the uptrend that began from the low of 1810 on October 6, 2023. If this happens,...
On Wednesday, gold prices experienced some fluctuations, finding support above 2378 and facing resistance below 2407. This movement suggests that after a short-term dip, gold may be poised for an upward trend. Key Levels to Watch Potential...
Gold prices have recently shown some volatility, experiencing a dip while also finding support at key levels. Let’s take a closer look at the current market situation and what traders can expect in the coming days. Recent...
Last Friday’s gold price action provided valuable insights into its potential near-term direction. Let’s break down the key levels and possible scenarios: Recent Price Action This pattern suggests that gold may continue its downward trend following a...
The Australian dollar (AUD) extended its gains against the US dollar (USD) on Thursday, July 4th, closing 0.3% higher at 0.6727. This marks the second consecutive day of gains for the AUD/USD pair, following a series of...
Philip Lane, the European Central Bank’s (ECB) Chief Economist, has joined ECB President Christine Lagarde in suggesting that another interest rate cut in July is unlikely. Lane emphasized that last month’s inflation data doesn’t provide clear answers...
June Overview Throughout June, the EUR/USD pair experienced a downward trend, largely influenced by a strengthening US dollar. The euro briefly dipped below the 1.07 mark, closing yesterday at 1.0714. Economic Data The Eurozone’s manufacturing PMI for...
The precious metals market, particularly gold, has been a hot topic in the first half of 2024. Let’s take a closer look at the performance and future prospects of these valuable commodities. First Half Performance Gold and...
In a surprising move, UK Prime Minister Rishi Sunak has announced that the general election will be held on July 4th, 2023. This marks the first time since 1945 that the UK will hold a general election...
