CEO-PREMIUM-ANALYSIS

CEO-PREMIUM-ANALYSIS

Gold is trading around 3,330, recovering after having reached the key level of $3,300. Gold is expected to climb to the 7/8 Murray level around 3,398 in the coming days. Gold is showing positive signs, so any pullback, as long as the gold price remains above the 5/8 Murray level, will be seen as a buying opportunity with targets at 3,342, 3,359, and eventually...

CEO-PREMIUM-ANALYSIS

After yesterday's drop of more than 160 pips due to a highly unfavorable trade deal between the EU and the U.S., the euro's chances of rising toward the upper boundary of the green channel have dwindled to nearly zero. Now, the focus shifts to the break of the nearest support at 1.1495 (the February 2022 high), which would pave the way for the next target at...

CEO-PREMIUM-ANALYSIS

Bitcoin is in a correction phase after recently reaching $19,750. BTC is undergoing a technical correction, so the price is likely to drop in the coming hours toward the 21SMA located at 117,744. On the H4 chart, Bitcoin is in a consolidation phase, and strong resistance is observed around $121,000 and $120,000, which represents the psychological landmark. A...

CEO-PREMIUM-ANALYSIS Updated 

After a strong push above 1.1680, the euro managed to break out of the downtrend channel formed since June 27 and is likely to undergo a technical correction before resuming its bullish cycle. The outlook remains bullish for the euro, as it is expected to reach +1/8 of the Murray level at 1.1840 in the coming days. Given this, we will look for opportunities to...

CEO-PREMIUM-ANALYSIS

Early in the European session, gold is trading around 3,331, bouncing back after reaching the key support zone around the 5/8 Murray level. Gold could recover some of its losses from last week as it is in a strong zone, which could offer a technical rebound in the coming hours. Gold could reach the 200 EMA around 3,344, and could even reach the 21 SMA around...

CEO-PREMIUM-ANALYSIS Updated 

Gold, as we mentioned yesterday in our analysis, took a break from its strong rally after reaching strong resistance and overbought levels. After a technical correction below 3,437, gold declined very quickly, reaching the 3,380 level. After reaching the 8/8 Murray around 3,437, gold was unable to sustain above this area, which led to a sharp technical correction...

CEO-PREMIUM-ANALYSIS Updated 

Gold, after reaching the low of the 5/8 Murray around 3,300, rebounded strongly, gaining more than $100 in less than a week. We believe it could be facing a strong technical correction, as the 8/8 Murray represents a strong barrier. If gold consolidates below the 8/8 Murray in the coming hours, it will be seen as a selling opportunity with a target at the 7/8...

CEO-PREMIUM-ANALYSIS Updated 

After breaking the strong resistance of the 6/8 Murray level, gold made a strong bullish move, reaching the 7/8 Murray level around the $3,400 level.However, this area is a strong barrier, as it has previously exerted strong pressure on gold. According to H4 chart, we see a technical correction, but it could be seen as a signal for the yellow metal too resume its...

CEO-PREMIUM-ANALYSIS Updated 

With minor assumptions, the pound's five- day sideways movement an be viewed as a consolidation above the 1.3484 level. If this is the case, the price is likely to soon settle above this level and head toward the bullish target 1.3528. The Marlin oscillator is slightly rising in negative territory, releasing tension ahead of another potential wave of decline. An...

CEO-PREMIUM-ANALYSIS Updated 

Early in the European session, the euro is trading around 1.1619, retreating after reaching its high around 1.1720. The euro's strong volatility was due to comments from US President Donald Trump after he threatened to oust Federal Reserve Chairman Jerome Powell. The apparent move from the low of 1.1550 to 1.1720 is marking the euro's range zone, so we believe...

CEO-PREMIUM-ANALYSIS Updated 

Gold is trading around 3,328, rebounding after reaching a low of 3,320 and a high of 3,377 yesterday during the American session. Gold experienced strong volatility following US President Donald Trump's comments after hinting at Powell's dismissal. Gold, according to the H4 chart, is within an uptrend channel, and a technical rebound is likely to occur in the...

CEO-PREMIUM-ANALYSIS Updated 

Gold is trading around $3,336 above the 200 EMA, showing a positive bias after bouncing off the weekly low of 3,320 at the 5/8 Murray level, If gold consolidates above the 200 EMA, located at $3,342, the out outlook could be positive, and we could expect it to reach the 6/8 Murray level at $3,359 and even the key 7/8 Murray level at $3,398. On the other hand,...

CEO-PREMIUM-ANALYSIS

Following a rebound from the support level at 146.11, the USD/JPY pair has reached the upper line of the wedge pattern on the daily chart and is now targeting the 148.66 resistance level (the May 12 high). A consolidation above this level would open the path toward 151.30. This scenario is plausible, as Japan is set to hold parliamentary elections (upper house)...

CEO-PREMIUM-ANALYSIS

By the end of Monday, the British pound consolidated below the balance indicator line, having approached the target support level at 1.3369 by 65 points. The signal line of the RSI is starting to turn upward, which signals an impending correction. Today's U.S. inflation data may push the pound toward the target level. The forecast for June CPI is 2.6% y/y, up...

CEO-PREMIUM-ANALYSIS Updated 

Although it appears to have corrected due to being held at Resistance 1, the continued stength of XAU/USD's technical and fundamental condiitions provides an opportunity for XAU/USD to continue its strengthening. Tactical Scenario Positive Reaction Zone: If the price correction is halted at the resistance level of 3345, there is an opportunity for XAU/USD to...

CEO-PREMIUM-ANALYSIS Updated 

Early in the American session, the euro is trading around 1.1687, above the 21 SMA and attempting to break the top of the downtrend channel formed since late June. If bullish strength prevails and the euro consolidates above 1.1753, we could expect a new bullish cycle, and the euro could reach +1/8 Murray, located at 1.1840. We should wait for confirmation to...

CEO-PREMIUM-ANALYSIS Updated 

The price test at 147.14 occurred when the MACD indicator had already moved well above the zero line, which limited the pair's upward potential. Today's data showing a slower decline in machinery and equipment orders in Japan, along with strong figures for the growth of Japan's services activity index, supported the yen and led to a downward correction in the...

CEO-PREMIUM-ANALYSIS Updated 

USD/JPY The USD/JPY pair appears to be completing the formation of a triangle. There are several possible scenarios. According to the main scenario, the pair is likely to test the upper boundary of the triangle at 147.75, followed by a downward breakout. Under the second scenario, a correction may occur from the 147.75 level toward 146.11, followed by an upward...