Alexia_Putellas

Alexia_Putellas Updated 

Hello everyone. Last week, we witnessed a significant increase in the price of gold. At one point, gold reached a high of $2010. Currently, gold is trading around $1948, down about $20/ounce from yesterday. It is clear that the decline in US bond yields has weakened the US dollar and supported some XAU/USD. The economic uncertainties in China further helped...

Alexia_Putellas Updated 

Bitcoin price remains strong above the support level of $34,000. BTC has climbed higher above the resistance levels of $34,500 and $34,650 to initiate another upward movement. On the upside, the immediate resistance level is around $35,050. The next important resistance level could be near $35,250 or the upper trendline of the triangle. A clear move above the...

Alexia_Putellas Updated 

Hello everyone! Last week we witnessed a significant increase in USDJPY. At one point, UJ reached a level of 151.66. Currently, gold is trading below the low level of 149.59, indicating a corrective phase. Regarding market news and conclusions: The recovery of US Treasury bond yields supported the US Dollar Index (DXY), which tracks the greenback against a...

Alexia_Putellas Updated 

Alexia greets everyone! Currently, we are witnessing Gold continuing to decline on Monday, down 0.75% to $1,977 as US Treasury bond yields rise again, pushing XAU/USD lower after falling below the $2,000 mark last Friday. Gold has faced multiple rejections at the $2,000 level over the past two weeks, and technical resistance levels could impact XAU/USD. ...

Alexia_Putellas Updated 

Hello everyone, it's Alexia here again! USDJPY has experienced a slight increase in price today and has returned to a yearly high of 150.150. Review and update news with Alexia : The potential for price increase in the USD/JPY pair seems to be limited due to speculation that the Japanese government will intervene in the foreign exchange market to counter the...

Alexia_Putellas Updated 

Dear friends! As expected by the market, the Federal Reserve (Fed) has decided to maintain interest rates at a range of 5.25% to 5.5% as an optimistic signal for the economy. The Fed raised interest rates significantly for most of last year, bringing them to around 5.25% to 5.5% with the expectation of achieving a target inflation rate of 2%. Regarding...

Alexia_Putellas Updated 

Alexia, hello everyone! Currently, compared to the previous trading session, the price of gold has decreased by $17.2 per ounce. It is currently fluctuating around the $1970 mark. The US Dollar Index, which measures the fluctuation of the greenback against six major currencies, is at 105.167 points (a 0.06% increase). In addition, investors have shifted to the...

Alexia_Putellas Updated 

Dear friends, escaping the price hike channel that has led to discounted products, we are currently facing a prolonged sideways trend. GOLDEN INFORMATION: The ongoing Israel-Hamas conflict still exists for investors, but even that cannot help gold prices surpass the $2,000/ounce threshold. It is precisely because gold prices cannot break through this crucial...

Alexia_Putellas Updated 

Hello everyone! GBPUSD is trading higher in today's session despite a lack of upward momentum, currently reaching the level of 1.241. Regarding news and conclusions: The British pound (GBP) seems poised for a new upward trend as market sentiment favors risk-sensitive assets. The GBP/USD pair is aiming for higher price levels as investors hope that the policy...

Alexia_Putellas Updated 

Alexia greets everyone! Currently, the GBP/USD pair is trading with a negative trend for the second consecutive day on Tuesday and is retreating further from its highest level since mid-September, around the 1.2425-1.2430 area touched the previous day, declining less than 0.10% on the day, although lacking further selling pressure. In market news: The US...

Alexia_Putellas Updated 

The EUR/USD pair extended its consolidating price trend during the Asian trading session on Tuesday and traded below the highest level since September 13 reached the previous day. Currently, it is attempting to hold above the 1.0700 level and still depends on the momentum of the US dollar (USD) exchange rate. Market news update: The USD index (DXY), which...

Alexia_Putellas Updated 

Alexia greets everyone! This currency pair has formed a series of higher highs and higher lows on the daily timeframe, highlighting its potential for price appreciation. Regarding market news: Currently, the Greenback is facing downward pressure, causing the US Dollar Index (DXY) to break below the 105.00 support level amidst improved risk sentiment across the...

Alexia_Putellas Updated 

Alexia greets everyone! Currently, the EUR/USD exchange rate has paused after reaching 1.0667, but it remains above the crucial support level of 1.0600 in the early Asian trading session on Friday. The decrease in US Treasury bond yields and the correction of the US Dollar (USD) provide some support for this currency pair. Traders will receive more signals from...

Alexia_Putellas Updated 

Hello everyone! In general: Last week, we received important news from the FED. However, it was bad news for the USD as this precious metal continues to maintain a strong upward trend. Currently, gold has temporarily paused at $1992 and shows further signs of increasing, indicating its long-term growth strength. Regarding the outlook and analysis of XAU/USD...

Alexia_Putellas Updated 

Hello everyone! Today, we can see that gold has unexpectedly decreased in price and is currently trading at $1987. However, on the 4-hour chart, this metal is still in an upward trend, with a strong support level at $1977. Therefore, there is still a possibility for gold to continue its price increase. Do you share the same viewpoint as me? What is your opinion?

Alexia_Putellas Updated 

Alexia greets everyone! Currently, Gold is trading with a softer tone in the context of a better market sentiment, with XAU/USD currently around 1983 USD. Improved sentiment also limits the demand for the US Dollar, keeping this currency pair within familiar levels. In terms of prospects, XAU/USD has seen little change for two consecutive days, not far from the...

Alexia_Putellas Updated 

Hello everyone, Alexia here again! The trading volume in the market is expected to decrease as the Japanese exchanges and banks are closed to celebrate Culture Day. This is causing it to remain in a tug-of-war around the 150.00 level. On the other hand, despite the decline in the USD due to the Fed's push in the middle of the week, USD/JPY still has good bidding...

Alexia_Putellas Updated 

Hello everyone, Alexia here! GBP/USD closed on Thursday around 1.2200, the highest level in a week, after the Bank of England kept interest rates unchanged and supported by a weaker US dollar. DXY lost ground amid risk appetite. The US employment report will be released on Friday. Furthermore, from the 4-hour analysis chart, the upward trend is still operating...