DNA_BrianTrading

DNA_BrianTrading Updated 

Hello everyone, What are your thoughts on the price of gold? Currently, today's gold price continues to show strength with gold trading around the $1933 mark. It is evident that this metal is still demonstrating its power as there have been significant increases in price since it touched the $1900 mark. However, today's gold has not yet been able to make a major...

DNA_BrianTrading Updated 

Hello everyone, It's great to see you again during this exciting week in the market! Today, the opening of the gold trading session saw a slight increase in prices, reaching $1929-1930 amidst a slight decrease in the value of the USD. Meanwhile, the US Dollar Index (DXY), which measures fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF),...

DNA_BrianTrading Updated 

Greetings, intelligent traders! This week has been a heavy performance for the GBP/USD pair as both the Federal Reserve (Fed) and the Bank of England (BoE) are preparing to make interest rate decisions in the middle of the week. The British Pound (GBP) is fighting for its position against the US Dollar (USD) as investors prepare their positions. From a technical...

DNA_BrianTrading Updated 

Hello everyone! Today, gold continues to maintain its shine primarily due to the decrease in the value of the US dollar. The DXY index has dropped from above 105 points to 104.5 points. The increase in gold prices is also attributed to its close relationship with oil. The price of WTI crude oil rose by an additional 2% to $93.3 on the night of September...

DNA_BrianTrading Updated 

Hello dear friends, this is Brian! Today, the gold market continues to fluctuate around the price of $1930 per ounce. It can be observed that this metal has not experienced significant changes compared to yesterday's trading session. However, when looking at the chart, we can easily see that gold is forming a peak at $1936, just as Brian predicted...

DNA_BrianTrading Updated 

Greetings dear traders! Brian here. Currently, the EUR/USD is trading under pressure below 1.0700 in the cautious Asian trading on Tuesday. It is speculated that the completion of ECB's interest rate hike serves as a hindrance to the common currency, while a decrease in USD action could support this pair. On the 4-hour chart, this currency pair is recovering from...

DNA_BrianTrading Updated 

Hello everyone! During the Asian session on Wednesday, the EUR/USD pair experienced a slight increase and reversed a portion of the retracement slide from the 1.0715-1.0720 region that occurred the previous day. However, spot prices are still below the 1.0700 round figure and are close to a six-month low that was reached last Friday. Traders are eagerly awaiting...

DNA_BrianTrading Updated 

Hello everyone! Today, the NZD/USD pair experienced upward momentum, reaching the level of 0.5900 during the early Asian trading session on Wednesday. The decline in the US Dollar (USD) has pushed the New Zealand Dollar (NZD) above the US Consumer Price Index (CPI). Meanwhile, the US Dollar Index (DXY), which measures USD value against a basket of global...

DNA_BrianTrading Updated 

The GBP/USD remains near its lowest level in three months below 1.2400 at the start of Monday. The currency pair is struggling to find a floor despite market optimism and widespread US dollar weakness. It is important to be cautious about significant risks such as UK inflation data and Bank of England decisions. On the other hand, any further price increase is...

DNA_BrianTrading Updated 

Hello everyone! Today, the decline of the US Dollar (USD) is a significant factor driving the increase in gold prices and trading around the 1933 usd/ounce level. On the H4 chart, there is divergence, with technical indicators pointing towards overbought levels. The Momentum indicator is at a new monthly high. However, on the daily chart, a neutral perspective is...

DNA_BrianTrading

Hello dear friends! So, it appears that our expectations of a lower NZD yesterday did not materialize as it traded within the range of 0.5895/0.5920. There are signs of upward momentum forming, albeit in an exploratory manner. Today, as long as the NZD remains above 0.5895 (with minor support at 0.5910), it could strengthen but breaking through the key resistance...

DNA_BrianTrading Updated 

Hello everyone! Today, the price of gold has attracted some buying pressure for the third consecutive day on Monday and is gradually increasing towards the $1938 level in the Asian trading session. XAU/USD is currently seeking to develop based on recent good recovery from around $1,900. From a technical standpoint, gold has broken through a downtrend trendline,...

DNA_BrianTrading Updated 

Hello everyone ! Last Friday (September 15th, the spot price was 147.30), we observed that "the downward pressure on prices is easing and the potential for further decline in USDJPY has decreased." In NY trading, USDJPY rose above our "strong resistance" level at 147.80 (with a high of 147.96). The downside momentum weakened while the upside momentum increased...

DNA_BrianTrading Updated 

Hello everyone! Today, the EUR/USD is maintaining its initial uptrend below 1.0700, starting the new week with positive signals on Monday. This currency pair is receiving upward support due to improved market sentiment and widespread retreat of the US Dollar. On the other hand, any further recovery may encounter resistance near the previous monthly low area...

DNA_BrianTrading Updated 

Hello dear friends! It seems that gold has shown some improvement today as it returns to a price of 1915 USD. The resurgence in the price of gold is primarily due to better economic data from the United States. Specifically, the US Producer Price Index (PPI) reached 0.7% in August, surpassing the forecasted 0.4% by 0.3 percentage points. Retail sales in the US for...

DNA_BrianTrading Updated 

Hello everyone ! During the early hours of Asian trading on Friday, the USD/JPY pair is maintaining its recent gains within a limited range below the mid-147.00s. The robust US economic data has contributed to the strengthening of the US dollar (USD). Additionally, the US Dollar Index (DXY), which measures USD against six other major currencies, remains above...

DNA_BrianTrading Updated 

Hello everyone! Currently, the price of gold is trading more steadily on Friday due to supportive policy measures and strong business activity data from China, which have boosted market sentiment and dampened the safe-haven demand for the US dollar, limiting its recent price increases. Furthermore, the sluggish sentiment surrounding US Treasury bond yields is also...

DNA_BrianTrading Updated 

Hello everyone! Today, the gold market continues to trade below $1910. It seems that gold is moving without much momentum as it has dropped about $5 compared to the previous trading session. The main reason for the decline in gold may come from higher-than-expected consumer price index (CPI) last month. In August, the CPI in the United States increased by 3.7%...