MSyaikhu

MSyaikhu

Currently, EUR/USD is moving close to the main support area, which indicates a potential price rebound or reversal. This support area may be a level that has previously been a reversal point or a strong consolidation area, thereby increasing the opportunity for the price to rise again if a bounce occurs around this level.

MSyaikhu

Overall, despite the potential for an upward retracement in the near term, the main trend of XAU/USD remains bearish. After the correction is complete, gold prices will likely continue their decline towards the next support levels, especially if market sentiment and economic data support a strengthening US dollar. It is important to always monitor price movements...

MSyaikhu

Gold prices have experienced a decline today, driven by several global economic factors. One of the main reasons is the strengthening of the US dollar, which typically has an inverse relationship with gold prices. When the dollar strengthens, investors tend to shift their focus to more stable currencies, reducing the demand for gold as a safe-haven...