TradingForecast_Signals

TradingForecast_Signals Updated 

Hello everyone. To start off today's trading session, the price of gold is still within a downward trend, trading around $2016 at the time of writing, with no significant fluctuations compared to yesterday's trading session. Gold prices are benefiting from the decline of the US dollar and the escalating tensions in the Middle East. In the short term, the gold...

TradingForecast_Signals Updated 

Hello dear friends, do you think USDJPY will rise or fall this week? On our chart today, it is clear that this currency pair is showing a distinct downward corrective wave, with the current price fluctuating around 149.90 and marking a 0.18% decrease for the day. From a technical standpoint: Despite the current decline, the upward trend still holds dominance as...

TradingForecast_Signals Updated 

Dear friends, at the beginning of this week's gold trading session, EURUSD indicates a new recovery level after the previous closing session. The short-term outlook still suggests the possibility of a EURUSD price decline. At the time of writing, the price is trading steadily around 1.0781, up 0.08% for the day. Meanwhile, the US dollar has weakened amidst thin...

TradingForecast_Signals Updated 

Hello everyone, EUR/USD continues its downward trend and is still being hindered below the 1.0800 level. Currently, the price is trading in a bullish recovery trend with the aim of correcting the previous sharp decline, but it is still limited below the EMA 34 moving average technical indicator, which is at 1.07750. In the current scenario, I expect EUR/USD to...

TradingForecast_Signals Updated 

Welcome to a new week of promising and productive trading! Looking back at the previous week, gold demonstrated its strength by trading predominantly in the green. It was an impressive move from the bullish side, as they not only successfully defended the key support level at $1985 but also pushed the price of gold higher from this point onwards. However, the...

TradingForecast_Signals Updated 

Dear readers, at the beginning of the new trading week, gold has clearly broken out of its previous downward trend channel. Currently, the price of gold is trading at $2022, marking a 0.44% increase for the day. However, many analysts are predicting a short-term decline in the price of gold. On another note, after the monetary policy meeting and comments from...

TradingForecast_Signals Updated 

Dear friends, looking at the chart in general, we can see that gold is trading relatively calmly above a high level with a sharp downward trend on the 4-hour time frame. The EMA 34 technical indicator shows signs of a reversal in gold prices in the price decline zone, which means that the price could touch the 2050 USD level before any downward scenario occurs...

TradingForecast_Signals Updated 

Hello dear friends, Currently, EURUSD is trading at 1.0763, continuing its short-term downward trend and losing 0.2% for the day. Currently, the US Dollar remains strong as Fed Chairman Jerome Powell delays the timing of interest rate cuts amid escalating geopolitical tensions in the Middle East. Amidst this, geopolitical tensions continue to escalate in the...

TradingForecast_Signals

Dear friends, Today, EURUSD continues to trade in a downward trend. At the time of writing, this currency pair is trading at 1.0771 and is gradually forming price reactions around the EMA 34 technical indicator. Currently, the US dollar is struggling to find demand after Tuesday's decline and is helping this currency pair maintain its position ahead of the US...

TradingForecast_Signals

On H1, the EMA technical indicator clearly indicates an upward trend. By using Fibonacci, I anticipate that gold will soon reach the 1.618 level, which is $2053, thanks to the strong support from EMA and the previous market breakout above $2030. As long as gold maintains this level, it would not be surprising to see this scenario unfold in the short term. All...

TradingForecast_Signals Updated 

Dear friends, today gold continues to trend downwards as it approaches the resistance level of $2030. The "hawkish" stance of Fed Chairman Jerome Powell, given after last week's positive report on US employment and Q4 2023 GDP growth, indicates that the Fed is not rushing to lower interest rates in order to control inflation. With interest rates remaining high for...

TradingForecast_Signals Updated 

Hello dear friends! Today, XAUUSD is trading at $2023 and undergoing a short-term downward trend, with an expected decrease that may require special observation at the $2000 level. However, the overall market trend remains bullish after breaking out of the downtrend channel as indicated in the technical picture. Looking ahead, gold still has many opportunities to...

TradingForecast_Signals

Dear friends, it can be observed that in recent days, gold has consistently shown certain upward movements above the support level of $2,015 or higher, reaching the lowest level in a week on the previous day. However, this is insignificant as the technical movements on the chart indicate a tilt towards the sellers. Specifically, the price of gold continuously...

TradingForecast_Signals Updated 

Hello dear friends! In today's trading session, the upward trend continues, with USDJPY currently trading at 148.52, up 0.14% for the day and remaining stable at a high level. The Japanese Yen has recovered slightly from its low earlier this year, amid the Bank of Japan's hawkish stance and political risks. The US dollar has halted its rally after the Non-Farm...

TradingForecast_Signals Updated 

Hello dear friends! Overall, EURUSD experienced significant volatility yesterday after failing to sustain its previous recovery momentum. Currently, in today's trading session, despite a slight price adjustment at 1.08216 as of the time of writing, highlighting a 0.03% increase for the day. However, this is still not enough evidence for a strong upward trend,...

TradingForecast_Signals Updated 

Hello dear friends! The precious metal is trading below resistance at $2045, continuing its downtrend on the day although the outlook remains bullish, marking a $7 decline on the day. With the possibility of a head and shoulders pattern forming, I expect gold to fall to the indicated level.

TradingForecast_Signals

Dear friends, the overall trend for gold today is downward, as indicated by the reversal of the EMA 34 signal. At the time of writing, the price is trading at $2023, a decrease of 0.82% for the day. Based on recent statements and the number of jobs, it seems unlikely that a rate cut will occur in March. The better-than-expected job market in the US has caused...

TradingForecast_Signals Updated 

GBPUSD continues to move within a narrow price range today, with short-term and medium-term prospects favoring an upward trend, breaking out of the range and continuing to rise. According to the CME FedWatch Tool, the probability of an interest rate cut in March has decreased from 80% at the beginning of the month to nearly 40% ahead of the Fed meeting. The USD...