Gold

USDJPY retraces in search of support The US dollar's rally ran out of steam for lack of liquidity during the long weekend in the US and the UK. Traders are cautious in bidding up amid thin trading volume especially after last week’s…
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The XAUUSD formation hints at the construction of a large corrective wave (4) of the intermediate degree. It could have a complex formation of a triple zigzag with minor sub-waves W-X-Y-X-Z. It seems that the second intervening wave X…
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GER 30 jumps above previous high The DAX 30 recoups last week’s losses as the EU sets to reopen its borders. The psychological level at 15000 has proven to be a solid demand zone. The rally above the intermediate resistance at 15400…
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GBPUSD grinds to 3-month high Sterling carries on its ascent as Britain’s jobless rate dropped to 4.8% between January and March. The pound was supported by rising bids after it broke above 1.4150. The breakout confirms…
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NAS 100 consolidates as panic selling slows down Tech stocks were among the hardest hit when investors feared the era of cheap money may end sooner than later, and along with it the breakneck rise of growth sectors. However, the…
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SPX 500 rebounds from daily trendline The S&P 500 reverses sharp decline as investors digest soaring consumer prices. On the daily timeframe, the index saw strong buying interest on the rising trendline (4040) from March 2020.…
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Even a casual look at the quarterly reports that have been coming out during the latest earnings season shows that inflation is looming. Many companies report that they are seeing increasing prices from their suppliers, and are actively…
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The XAUUSD structure indicates that a bearish corrective wave (4) has ended. A rise in a new bullish impulse formed the minor waves 1 and 2. Minor wave 3 is currently under development with the structure schematically on the chart.…
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EURUSD pulls back to support The euro popped higher after the Eurozone's bond yields rose on improved sentiment. The pair maintained its recovery trajectory after it turned 1.1990 from resistance into support. The euro has met…
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