Chart_MasterPro

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AUDUSD: In the short term, the AUD has also turned down. Currently located around the 0.6600 support zone. Because this is an important neckline support area as well as touching the EMA 200 H4 frame, we need to observe the price reaction around this area. If AUDUSD continues to penetrate the current price range, it will create a double peak pattern confirming a...

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GBPUSD: The British Pound has additionally corrected withinside the quick term. Currently, this forex pair is keeping across the aid degree on the 1.2690 area. However, with the modern-day fashion and downward pressure, it's miles probable that GBPUSD will penetrate this aid quarter to a deeper fee variety across the 1.2640 area. You can recollect keeping the...

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GBPUSD: The British Pound is also having downward adjustments. In the short term, it is expected that GU will retest the support area around the 1.2700 threshold and wait for more reactions around this area. Ace may consider short selling with GU today.

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AUDUSD: The AUD is also having downward adjustments in the context of the USD index recovering. Therefore, in today's session, it is expected that AUD will still maintain short-term correction momentum to retest around the 0.6600 area. It is recommended to briefly sell AUD and then monitor the price reaction when AUDUSD tests 0.6600.

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GOLD PRICE ANALYSIS - May 29, 2024 SCALP--Sell ​​gold across the fee variety of 236x Yesterday the fee did now no longer attain the anticipated degree as a way to promote. During the day, the fluctuations had been pretty gentle. However, it could additionally be visible that the fee restoration has regularly exhausted itself, with the fashion of traders trying...

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Forecast Lukman Otunuga, leader marketplace analyst at FXTM, predicts that with buyers presently having a bet on simply one Fed price reduce in 2024, the marketplace can be tilting in a bearish direction. Lukman Otunuga stated that if the May PCE file is launched better than marketplace forecasts, this will deal every other blow to expectancies of Fed hobby price...

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USOIL: Short-time period oil fees are at the manner to convalescing to BSE:EIGHTY because the marketplace is presently watching for the subsequent OPEC+ meeting. However, the chance of a lower is fantastically excessive due to the fact OPEC+ nations have nearly all showed the growth in production. This will probably reason oil fees to drop even lower. Consider...

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EURUSD: The EUR the day before today broke out of the response sector and at once persevered its upward momentum. Therefore, in these days`s session, the uptrend will nevertheless be consolidated. Ace recall shopping for with EURUSD these days across the modern rate variety with the short-time period intention of retesting the height of 1.0900.

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EURUSD: The EUR in today`s consultation is likewise touching the rate response zone, so there may be a short-time period prospect of a downward correction. You can remember short-promoting with EURUSD across the present day rate variety. It is predicted that the EU's fluctuation variety in modern-day consultation is best across the 1.0800-1.0850 area.

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DXY: The USD index this week is touching the susceptible help area round 104.60, so withinside the brief term, the USD is anticipated to get better barely today. Most of the marketplace will now no longer have lots fluctuation because of the financial institution holiday. Ace can refer to shopping for with USD

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The outcomes of Kitco News` weekly gold survey display that almost all of Wall Street analysts are expecting a lower in gold costs. Meanwhile, 1/2 of of retail investors polled nonetheless trust the valuable metallic ought to flow better withinside the coming days. Lukman Otunuga, an professional at FXTM, stated that the current gold sell-off ought to create...

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USOIL: Oil fees have became down. In the fast time period, there are symptoms and symptoms of breaking the preceding growing channel. Besides, the fast-time period accumulation region around $77 -seventy nine is likewise displaying a main weak point withinside the context that OPEC+ has finished its discount goal and is making plans to boom production. In the...

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The USD index in yesterday`s consultation became to upward push above the 105.00 threshold, displaying that the healing of the USD is gaining momentum. Therefore, in modern consultation it's miles predicted that the uptrend can be maintained. This is probably one of the reasons why gold has dropped sharply in recent days. Personally, I am concerned that there is...

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AUDUSD: The AUD additionally had large corrections the previous day whilst the strain from the growing USD brought on this pair to weaken. Short-term, it's miles predicted that AUDUSD will nevertheless keep its decline today. Returning to the assist place round 0.6580. Consider promoting with AUDUSD round 0.6640 tp 0.6580

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The lower in gold charges specifically triggered the USD to growth once more and the final strain become more than the energy of call for for gold. Selling hobby improved after the treasured steel did not regain the brink of 2,430 USD/ounce. Pressure to promote speedy World gold rate beneath 2,four hundred USD/ounce. The USD become supported after many US Federal...

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I replace Gold`s waves and conduct as much as the existing time for all of us to observe. My evaluation of psychology and conduct stays similar to yesterday. As for the maximum current Buy timing fee, I am presently observing. Focus on 2 fee degrees with values 01-03 and 93-95. For those 2 fee degrees, I additionally recall plenty among optimization (lacking...

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The spot charge of gold on the arena marketplace this afternoon, May 22, stood at 2,414.7 USD/ounce, down 6 USD/ounce as compared to the morning session. Gold futures charge stood at 2,419.6 USD/ounce, down 5.6 USD/ounce as compared to the morning session. Thus, as compared to this morning`s buying and selling session, international gold reduced...

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Recent information confirmed that US client charges fell in April, main to marketplace expectancies of a 50 foundation factor hobby fee reduce this year. However, warning from diverse Fed officers has tempered those expectancies, with buyers now predicting round forty six foundation factors of easing, merely factoring in fee cuts for November. In early buying and...