Gold break out channel and testing cloud top Gold Inverse Head & Shoulder Pattern
Gold bounced back above $1700 on a minor sell-off in US dollar and treasury yields. Technical: The near–term support is around $1700, minor resistance around $1720,
Gold edges above 21-EMA and cloud base Resistance Breakout 21-EMA next resistance channel top If any breakout channel more bullish trend
EUR/JPY spikes over 1.2%, more upside on cards EUR/JPY trades with bullish technical bias. Momentum is bullish, volatility is high. Price action is above cloud and Chikou span is biased higher. Scope for further gains.
GBPJPY surged drastically and hits a 4-week high on a weak yen. Technically in the 4- hour chart, the pair is holding above short-term 21-EMA, 55 EMA,
USD/JPY extends previous session's spike, hawkish Fed bets after firmer US data keep bias higher Markets pricing of 0.75% Fed rate hike in September increased after firmer US data, boosting the US dollar across the board.
Gold pared most of its gains on the strong US dollar. The near–term support is around $1690, resistance around $1720
Gold Break below 21-EMA and trade into down channel Gold RSI 60 mark resistance and triple top and stcoh momentum show bearish
Technical indicators are turning bearish. The pair has slipped below 5-DMA and is on track to test daily cloud support at 0.8533
GBPJPY pared most of its gains on the weak pound sterling. Technically in the daily chart, the pair is holding below above short-term 21-EMA,
Gold price recovered above $1700 despite the strong US dollar. It hits a fresh 20-year high on upbeat US Non-farm roll data. The near–term support is around $1690, Resistance 1730/1750
Gold in the near future for a selling opportunity around the 1725/30 zone Once we get any bearish confirmation, the trade will be put onto action.
Gold Recovery 21-EMA Edges Above if break next eyes 55-EMA RSI Pauses at 50 mark resistance
The US economy is expected to add 30000 jobs below 528000 in July. Any dismal data will push the Euro higher. According to the CME Fed watch tool, the probability of a 75 bpbs rate hike in Sep rose to 73% from 64% a week ago. Technical: On the higher side, near-term resistance is around 1.00500
Gold price is trading weak as the US dollar rally. Markets eye US Non-farm payroll data for further direction. The US economy is expected to add 30000 jobs below 528000 in July. Any dismal data will push the yellow metal higher. Technical: The near–term support is around $1690,The yellow metal faces minor resistance around $1720
BTCUSD is trading weak for a second consecutive week on the hawkish Fed Chairman speech US bond yields (Bullish)-Negative for BTC. Technicals- Major support- $19000. Bull case- Primary supply zone -$20600. #btcusd
Technical: The near–term support is around $1700 minor resistance around $1720
USD/JPY trades with a strong bullish bias. The major is on track to test 140 mark. The pair has hit new 24-year high at 139.68, levels unseen since October 1998 before paring some gains.