Get started

Forexpower

The gold price will continue to increase in the near futureThe gold price will continue to increase in the near future World gold fees accelerated sharply with spot gold growing via way of means of 34.nine USD to 2,115.1 USD/ounce. Gold futures closing traded at 2,124.four USD/ounce, up 28.7 USD as compared to the previous day morning. World yellow metallic fees reached a 3-month excessive at the start of the week, boosted via way of means of accelerated expectancies that the United States Federal Reserve (Fed) will loosen economic policy. According to UBS analyst Giovanni Staunovo, weaker-than-anticipated US financial records launched closing week driven US actual hobby charges down and that is the purpose of gold`s rate increase. Last week, gold fees rose approximately $50 as reviews confirmed tepid production and production spending withinside the US in addition to downward rate pressure. Market strategist Phillip Streible of Blue Line Futures predicts that gold can without difficulty surpass file highs as he sees upcoming occasions as useful for the valuable metallic. Specifically, this professional believes that during his upcoming testimony earlier than Congress, Fed Chairman Jerome Powell can also additionally seem extra dovish approximately his policy. Besides, a dismal employment document may be the following catalyst for gold to interrupt out.
TVC:GOLDShort
by NicoTradingMaster
XAU increased dramatically after the release of US economic dataGold prices rebounded sharply after US PCE data matched estimates, along with a manufacturing PMI report and a lower-than-expected consumer confidence index. after the US core PCE report was in line with estimates, along with the manufacturing PMI report and US consumer confidence index were lower than expected, demonstrating weakness in the world's largest economy. gender. However, the market still needs to be cautious with important US economic data this week, including the services PMI report, Fed Chairman Powell's hearing and the JOLTS jobs report.
OANDA:XAUUSDShort
by NicoTradingMaster
Bitcoin still buy zone target 80k read the caption It's up $2834 to $65,445 with a nearly 30% in the past week alone. It's been an incredible run that started in late October at the same time as US equities turned and accelerated as bitcoin spot ETF approval loomed. Not coincidentally, the Nasdaq also hit ran to its November 2021 highs last week and then broke them. Another day or two like today will have bitcoin at fresh all-time highs as well. The peak level set in 2021 was $68,998 before it crashed down to $15,478 in late 2022 as interest rates rose.
BITSTAMP:BTCUSDLong
by Mrsam36
Gbpusd jumping level read the caption Today, the GBPUSD  experienced an upward movement, driven by a wave of dollar selling in response to lower interest rates. However, the pair's momentum encountered resistance at a key technical level—the 200-bar Moving Average (MA) on the 4-hour chart. This same MA had previously halted the pair's advance a week ago, leading to a decline in price. The fact that this level has now twice acted as a barrier underscores its significance for future trading. A sustained position below this level would indicate that sellers are maintaining control. Currently, the 200-bar MA is positioned at 1.2662
Long
by Mrsam36
Eurusd can't stop uptrend read the caption The EUR/USD daily chart sees the pair remaining confined to the 1.0801 -1.0861 area during the last three days, bracing around the 200-day moving average (DMA) at 1.0822 Relative Strength Index (RSI) studies turned bullish, but buyers need to achieve a daily close above last Friday’s high, to remain hopeful of testing the 50-DMA at 1.0881 ahead of the 1.0900 figure. Otherwise, the pair could dive towards the 200-DMA and below, exposing the  1.0801
Long
by Mrsam36
Eurusd return to sell read the caption The EUR/USD daily chart sees the pair remaining confined to the 1.0801 -1.0862 area during the last three days, bracing around the 200-day moving average (DMA) at 1.0821 Relative Strength Index (RSI) studies turned bullish, but buyers need to achieve a daily close above last Friday’s high, to remain hopeful of testing the 50-DMA at 1.0882 ahead of the 1.0901 figure. Otherwise, the pair could dive towards the 200-DMA and below, exposing the 1.0801
Short
by Mrsam36