Trader_LinaScalping
Dear friends! Gold continues to trade negatively for the second consecutive day, despite a combination of factors still acting as key drivers ahead of the crucial U.S. NFP report at the end of this Friday. Rising trade tensions continue to put pressure on investor sentiment. As mentioned on the 1-hour chart, the daily chart for XAU/USD shows little change for...
The XAU/USD 2-hour chart reveals an exciting breakout from the previous downtrend channel, signaling a potential trend reversal. The 34 EMA and 89 EMA continue to provide solid support, while buyers are holding firm within the consolidation zone. Two Key Scenarios Ahead: ✅ Case 1: If gold breaks out of this consolidation box, we could see a strong bullish...
Dear Traders! Recently, USDJPY has made a strong breakout, completely exiting the uptrend and stabilizing below a new support level, as highlighted on the 1-hour chart. The pair is currently trading around 149.20. This stability above the new support is driven by U.S. President Donald Trump's tariff policies, which have boosted risk-off sentiment and increased...
Gold prices continued their upward momentum today, hovering around the $2,910 level. The last recorded trade for gold stood at $2,928 per ounce, marking a 270-pip increase compared to early yesterday morning. Accordingly, gold prices are currently experiencing strong impacts from USD fluctuations and US tariff policies. Meanwhile, President Donald Trump continues...
Dear traders! At around 6 AM on March 4, the spot gold price stood at $2,894 per ounce, marking a $36 increase from the previous day's opening price of $2,858 per ounce. The primary reason for this rise is the increased risk aversion among investors, driving higher demand for safe-haven assets like gold amid escalating geopolitical tensions. Over the weekend, a...
EUR/USD is showing signs of a bearish reversal around 1.04900, completing a Harmonic pattern. Strategy: Sell below 1.04800 Stop loss: 1.05039 Take profit: 1.04240 Wait for bearish confirmation before entering!
Dear traders! During the Asian session on Monday, gold is attracting some buyers, aiming for the $2,900 level. Geopolitical uncertainty surrounding the Russia-Ukraine conflict continues to support the precious metal while putting pressure on the US dollar, further aiding gold’s short-term recovery. However, from a technical perspective, gold remains below the...
Dear traders! Currently, EURUSD is pausing its three-day losing streak, trading around 1.0417 during the Asian session on Monday. The pair's recovery is driven by a weaker US dollar, following the release of the January Personal Consumption Expenditures (PCE) inflation data on Friday, which aligned with forecasts and eased concerns over an unexpected inflation...
Dear traders! What do you think about OANDA:XAUUSD – Buy or Sell? Yesterday, gold continued its downward trend, dropping $27 from its highest point in the previous session at $2,885 per ounce. On March 1, gold closed the week negatively at $2,858 per ounce. The main reason for this sharp decline in gold prices was the strengthening US dollar. The USD Index...
Dear friends! Global gold prices have fallen to their lowest level in over a week, driven by the strengthening U.S. dollar. Investors are closely watching key inflation data, which could provide important clues about the Federal Reserve’s monetary policy. Meanwhile, the U.S. dollar has risen by 0.2%, pushing the USD Index (.DXY) further away from its 11-week low....
EURUSD continued its downward trajectory on Thursday, losing nearly 0.9% and slipping below the key 1.0400 support level for the first time in nearly two weeks. The decline was driven by strong USD buying pressure across the market. The U.S. Dollar Index (DXY) reclaimed the 107.00 level, reaching a fresh six-day high, supported by a modest uptick in both U.S. and...
Hello everyone, great to have you back for today's discussion on GBPUSD! Currently, GBPUSD has extended its decline, trading below 1.2600 as market pressure intensifies. Risk sentiment has worsened following a series of U.S. economic data releases, which indicate weakness in the overall U.S. economy while also signaling a persistent rise in core inflationary...
Gold has officially exited its previous consolidation phase, experiencing a sharp decline from the $2,950 region and reaching a low near $2,878. The breakdown of the rising wedge pattern has triggered increased selling pressure, confirming a shift in momentum towards the downside. Currently, gold is making a slight recovery, trading around $2,919. However, the...
Dear friends! EURUSD continues to sustain losses below 1.0500 during the early trading hours on Thursday. The pair is under pressure due to the recovery of the US dollar. Meanwhile, the Euro (EUR) weakens following former US President Donald Trump's threat to impose a 25% tariff on the European Union. This development has prevented EURUSD from making significant...
Dear traders! GBPUSD is currently moving within a clear ascending channel, maintaining its bullish trend on the 1-hourchart. Looking ahead, if the market conditions remain unchanged, we should consider buy positions in line with the trend. Pay close attention to the psychological resistance level at 1.2700, where GBPUSD may gain further momentum or break through...
Dear traders! Yesterday, EUR/USD experienced an impressive short-term rebound, briefly reaching the key resistance level of 1.052. However, lacking further momentum, the pair quickly retreated and stabilized within the day's range. Looking ahead, as long as the ascending channel remains intact and its internal support levels hold firm, buyers are likely to...
Gold continues to decline for the second day, trading around $2,913 per ounce, as the market pauses ahead of key inflation data and uncertainty surrounding Trump’s tariff policies. Despite the drop, strong buyer interest at lower levels signals stability, while expectations of further Federal Reserve rate cuts continue to support the metal.If buyers defend key...
Dear traders, Recently, GBPUSD has struggled to sustain its new high at 1.269, experiencing a slight downward correction while still holding relatively stable at elevated levels. The primary driver behind this decline is the renewed demand for the U.S. dollar, fueled by rising U.S. Treasury yields and the House of Representatives’ approval of the Republican Budget...