Greetings, fellow traders and gold enthusiasts! Join Rena in exploring the gold price (XAU/USD) trend predictions for today! Currently, gold is hovering around the $2,320 USD/ounce mark, following a dip triggered by China's announcement to halt its national gold reserve accumulation. Today's trend might lean towards a decline due to the strength of the USD and...
Hello everyone! Let's predict the trend of global gold price! Currently, gold is trading around $2,320 USD/ounce. If the price stays above the support level of $2,300 USD/ounce, it could rise to the resistance level of $2,350 USD/ounce. However, if it fails to break through this resistance, gold prices may decline. Key Influencing Factors: Economic Policy...
EUR/CAD is poised for a short-term buy as it rebounds off the ascending trend line support near 1.4817, targeting the descending trend line resistance at 1.4967. This setup offers a high-probability entry with a clear risk-reward ratio, aiming for a quick profit as the price ascends to retest the upper resistance. Enter long around 1.4820 with a tight stop loss...
Hello everyone, today let's join Rena to review some information and predict the trend for the EUR/USD currency pair! If EUR/USD maintains above the support level of 1.0850, we might see a recovery towards the resistance level of 1.0950. Today's trend may continue to decline due to the difference in monetary policies between the ECB and the Fed, along with...
Hello everyone! Today, let’s join Rena in predicting the BTC/USD trend! The BTC/USD market has been trading sideways within a narrow range of $69,876 - $71,453 over the past 24 hours. Currently, the price is hovering around the $71,120 mark. Based on the above analysis, I predict that BTC/USD could trend upwards in the short term with a target of $74,000....
Hello everyone, today let's join Rena to review some information and predict the trend for the GBP/USD currency pair! If GBP/USD maintains above the support level of 1.2550, we might see a recovery towards the resistance level of 1.2650. Today's trend may continue to decline due to the difference in monetary policies between the Bank of England (BoE) and the...
Yesterday, China's announcement of halting gold purchases for the first time in 18 consecutive months caused significant volatility and upheaval in the market. Today (8/6), gold prices took a sudden nosedive, dropping by 3% to below $2,300/ounce overnight. As of now, there's still no news from the Chinese government. According to Jessica's personal prediction,...
Hello everyone! Yesterday, international gold prices saw a significant drop, currently trading around $2,320 per ounce, down 1.5%. The primary reason for this decline is China's announcement to halt purchasing gold for its national reserves. China's decision has reduced the demand for gold in the international market, leading to strong selling pressure and a sharp...
GBP/USD is hovering around 1.279, above both EMAs. However, the short-term trend remains uncertain due to the influence of: USD: Strong ADP data supports USD, but slow US economic growth could weaken it. Fed Rates: Potential two rate cuts could diminish USD appeal. Economic Data: US unemployment claims and trade balance reports on Thursday will guide...
Gold prices are trading around the $2,370 USD/ounce mark today, down slightly from the previous trading session. However, there is still potential for gold prices to rise in the future due to the following factors: Economic uncertainty: Concerns about a global recession are growing due to high inflation and central banks' monetary tightening strategies. Gold,...
The EUR/USD currency pair edged higher, trading in a narrow range around the 1.0760 level. Slight Increase in US Treasury Yields The yield on the 10-year US Treasury note rose slightly from 3.22% to 3.23%, providing some support for the USD. Mixed Economic Data The US ISM Services PMI for May rose slightly from 56.2 to 56.3, indicating signs of economic...
Welcome back gold investors to our regular market update show! Today, we will explore the world gold price trend, whether it will continue its slight increase or adjust after the recent trading session. Current gold price: Opening the trading session, the spot gold price is anchored at $2,344 an ounce, marking a slight increase of 0.18% compared to yesterday....
Hello everyone! Let's dive into the current situation of the USD/JPY currency pair and discuss the factors influencing its movements today. As of today, USD/JPY is trading around 156.80, showing a slight increase as the USD strengthens. Key factors affecting this trend include: Strength of the USD: The USD has been bolstered by rising U.S. Treasury yields,...
Welcome to my USD/JPY market analysis. In this article, we will delve into the day's USD/JPY price action, conduct technical analysis, examine influencing factors, and provide forecasts for USD/JPY's future trajectory. USD/JPY experienced a rather volatile trading session on June 1. The pair opened at 135.20 JPY/USD, subsequently ascending to its intraday high of...
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