TradingForecast_Signals

TradingForecast_Signals

Gold prices today continued a subdued trading pattern with minimal fluctuations, mainly moving sideways around $2025 USD, confined within a narrow price wedge. The precious metal is facing pressure as investors reduce their expectations for a Federal Reserve rate cut in March 2024. This sentiment has bolstered US bond yields and the value of the USD, exerting...

TradingForecast_Signals Updated 

Hello dear friends, in today's trading session, the longer-term moving averages EMA 34 and 89 are slightly lower than the current level, limiting the price increase. Finally, the technical indicators do not provide clear direction, as they are not reaching any significant levels. With the potential formation of a cup and handle pattern, I expect gold to rise to...

TradingForecast_Signals Updated 

Dear readers, USD/JPY is experiencing downward pressure and has dropped to the 147.50 level during the European trading session on Tuesday. Following the Bank of Japan's decision to maintain their policy settings as expected, Governor Ueda stated that they will assess whether to keep negative interest rates when the current price target is achieved. As a result,...