2024

Gold headed for a significant decline on news that China stopped buying any of the precious metal last month. The market still faces an intraday support zone at 2315-20, with a rebound expected. Below 2315, more of a drop could hit…
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Crude Oil hit a rebound correction before testing the support trend at 70.00-50. As we can see from the chart, the market is closing in on the resistance zone of 76.00-50. If prices are below the said area, there is a chance for another…
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As mentioned last week, GBPUSD met the target of 1.2800, which then saw a correction move. As we can see on the chart, if prices remain below 1.2800-15, a further drop will be expected, with supports laying at 1.2640 and 1.2450. Above…
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Our previous chart shows that the Euro hit above the resistance level of 1.0895, which could signify further advance. The market is facing an uptrend support zone around 1.0785-95, and if prices hold above this area, the…
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XAUUSD pressured by progressive NFP data Gold softens as a surprise boost in NFP data saw the dollar jump. The correlation between the yellow metal and the greenback resumed, with a sell-off breaking many supports. After Jerome Powell…
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Gold trending higher through the week, largely driven by weaker US Treasury yields. As it approached a two-week high, it was short of the May 10 record. But the positive performance has opened the question of whether the yellow metal can…
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USDCAD pushes higher The Canadian dollar spiked as the BOC became the first G7 nation to begin cutting rates. A jump towards 1.3740 confirmed a triple top before price action moved lower. The psychological level of 1.3600 on the daily…
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The Dow managed to hold below the resistance of 38900. The chart shows that the market is still facing pressure around 38900 and 39220, while the downtrend movement could progress towards the target of 37700. Above 39220, more advance…
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Gold broke above the 2355 resistance zone, pushing the market higher towards 2374. As mentioned before and seen on the chart, the market could sustain this advance movement toward 2380 and higher. Prices are facing support around…
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As previously predicted, Crude Oil dropped below 75.50 and fell further to meet the second target of 73.50. On the chart, the market faces hitting the uptrend line around the 70.00-50 zone, which could provide a chance for a rebound…
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