Gold prices are influenced by the latest economic data, including CPI figures and Powell’s testimony. The Core CPI (MoM) exceeded expectations at 0.3% (vs. 0.2% forecast), while the CPI (YoY) remained at 2.9%, indicating persistent inflation. This could prompt a more hawkish Fed stance, strengthening the USD and pressuring gold. However, if inflation is seen as...
The price has rebounded after touching the support zone and the lower boundary of the ascending channel, signaling a potential bullish continuation. Currently, it is approaching the 152.65 level, which acts as an immediate resistance. A breakout above this level could confirm further bullish momentum, targeting the next key resistance at 155.14. On the bearish...
Gold prices surged to a record high on Tuesday as investors turned to the safe-haven asset following U.S. President Donald Trump’s decision to impose new 25% tariffs on steel and aluminum imports, intensifying fears of a potential trade war and rising inflation. This fundamental catalyst has further strengthened the bullish sentiment in the market, aligning with...
Hello traders The price is consolidating between 100096 and 96700, indicating a potential upward move toward 100096. If the price breaks above this level with strong momentum and volume, it is likely to continue rising toward 102360, where it may enter the bullish zone. Further bullish movement could push the price toward 106961, where it might face stronger...
Technical Analysis Zone of 721.90-70.43, a zone that has historically acted as a strong foundation for price reversals. If buyers defend this level, we can expect an upward move toward 76.20, the first key resistance. A successful breach of this resistance could further push the price toward 78.21, followed by a potential test of the broader resistance zone...
HELLO TRADERS Gold continues its strong bullish trend, recording a new high at 2906.980, with price movement showing significant strength within the rising channel. The momentum remains intact, with the next major target set at 2930.000. The recent surge in gold prices, jumping more than 1% on Monday, was fueled by increased safe-haven demand following U.S....
The price is currently trading in the second descending channel after reaching the upper trendline. Since then, it has started to fall, and it is likely to continue dropping toward the 21,570 level. If the price breaks below this level, it could sharply decline, crossing through the 21,370 and 21,170 zones. For a bullish trend, the price needs to break the...
The expected price movement is based on a combination of key technical factors visible on the chart. The descending channel remains dominant, suggesting that the overall trend is still bearish. While the price is currently making a corrective move upward, it is likely to face strong resistance at 1.0438, a level that has previously acted as a barrier. If the...
Hello, traders. The economic data can influence market sentiment for today Gold (XAU/USD) remains within the 2844 - 2858 zone, consolidating above previous resistance. Buyers are holding control, keeping the bullish trend intact. As long as the price stays above 2858, the next target remains 2915, aligned with the rising channel. A breakout above this...
HELLO TRADERS The chart shows the U.S. Dollar/Japanese Yen pair in an ascending channel, with a strong fall followed by a bullish rally. Currently, the price is near the resistance line at 156.770, where it faces potential downward pressure, indicated by a bearish flag. A break below this could push the price to the support zone near 152.656, with a further...
The current price movement of Gold (XAU/USD) suggests a critical battle around the 2844 - 2858 zone, which acts as a decisive area for the market's direction. This range has established itself as a temporary resistance, with the price consolidating above it. The ongoing momentum favors a bullish trend as long as the price holds above this range. If the price...
A decline toward the 5,947 level is likely before the market resumes a sharp bullish trend above 6,002, targeting the last high level at 6,102. If the price successfully breaks this level, it is expected to continue its upward movement, reaching the new high level at 6,160. The 6,102 resistance level has already been tested multiple times, indicating that another...
WTI Crude Oil is currently testing a critical support level at 72.86, a zone that has historically acted as a strong foundation for price reversals. If buyers defend this level, we can expect an upward move toward 76.20, the first key resistance. A successful breach of this resistance could further push the price toward 78.21, followed by a potential test of the...
Gold (XAU/USD) continues its bullish momentum within an ascending channel, approaching the $2,810 - $2,845 resistance zone. A breakout above this level could trigger further upside, while a rejection may lead to a temporary pullback toward $2,782 - $2,751 before another bullish attempt. Fundamentally, geopolitical tensions and economic shifts are fueling gold's...
Bitcoin / U.S. Dollar (BTC/USD) - 4H Timeframe Analysis Hello Traders, Bitcoin is currently navigating within an ascending channel, facing resistance near 100,096 while testing support around 96,701 – 93,723. A previous strong bearish rejection led to a decline, placing BTC in a range-bound phase. If buyers defend the support zone, BTC could regain momentum...
The current price action is trading at a bullish level within a sensitive zone, marked between 6,102 and 6,002. For today's projection, the price is expected to initially test the upper boundary of this zone at 6,102. Upon reaching this resistance level, it is anticipated that the price will face rejection, leading to a short-term correction. However, following...
The price is expected to rise toward the resistance level of 1.0430 as a corrective movement before encountering a sharp bearish trend. This downward momentum is anticipated to break the support level at 1.0348, followed by further decline toward 1.0307. Overall, an upward trend from this region remains challenging. To establish a confirmed bullish trend, the...
Gold prices have hit a record high of 2801, marking a fifth consecutive weekly gain as investors turn to the safe-haven metal amid heightened U.S. tariff concerns. However, after reaching this peak, the price is undergoing a natural bearish correction toward the last support level at 2789, where buyers may look to re-enter the market. This pullback is a normal...