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XAUUSD Bulls Must Hold Above Trend Line and $1,916 The XAUUSD pair is currently trading above an ascending trend line, hovering around $1941. Gold faces minor resistance at $1,951, which serves as a pivot point for the market to potentially shift from a bearish to a bullish bias. If gold can...

EURUSD: Downtrend Continues, But Bulls Have a Chance at R2 The EURUSD pair is trading in a downtrend and has broken below the 55 Moving Average and the pivot line at 1.099. This suggests that the decline is likely to continue, with the next target being S1 at 1.093 and S2 at 1.086. These levels...

AUDUSD: Is the Uptrend Over? The AUDUSD currency pair is currently trading at around 0.6549. Recently, the pair bounced off the resistance level at 0.6589 and formed a doji candlestick pattern on the 4-hour time frame. This pattern suggests a bearish bias in the market. It is important to note...

USDCAD Resistance at 1.3386, Bounce to 1.332 Possible On August 2, the USDCAD pair broke out of its channel and surged higher after retesting it. It is currently trading near the resistance at July’s higher highs of 1.3386, which also coincides with the 50% Fibonacci retracement level. The RSI...

GBPUSD Tests 1.26 Support, Bulls Ready for Reversal The GBPUSD currency pair is currently trading below the broken trendline, around 1.2696. At the moment, the bears are testing the support area, which extends from 1.2681 to 1.26. This support zone is clearly shown in green on the GBPUSD daily...

Gold Price Update: Double Bottom Pattern in Play Following up on yesterday’s analysis, the XAUUSD pair has tested the support level of $1,940 and is currently challenging the broken trendline on the 4-hour chart, which now acts as resistance. Despite the bears’ efforts, they were unable to...

Best Prices to Enter Gold Market with Minimum Risk Gold bounced from the July's high of $1,987 and is currently testing the trendline that acts as support for the XAUUSD. The RSI indicator is currently below the 50 line and has room to reach the 30 level. Therefore, the downward momentum of the...

EURUSD Strategy: A Closer Look at the 4-Hour Chart The EURUSD currency pair is trading bullish above the trend line from May 31. However, it is important to note that the pair is below the pivot level at 1.104. There are several high-impact economic news releases scheduled for today in the euro...

Hello @utkir1981 Thank you for your question about the gold chart. We will review the chart and publish a new analysis for the upcoming week. We will share the link to the analysis with you once it is published. We appreciate your interest in our community. Please do not hesitate to contact...

EURUSD: Key Levels to Watch in Upcoming Week The Euro weakened against the US Dollar last week, but the overall uptrend for EURUSD remains. This is because the currency pair bounced off a rising support line from June, keeping the upward bias. If it continues to rise, the next resistance level...

USDCAD: Is the Bear Market Over? The USDCAD currency pair is currently testing the resistance level of 1.3235, which is also near the 50% Fibonacci retracement level. The RSI indicator has not yet reached the overbought level of 80 in the 4-hour time frame, indicating that there is still room...

NZDUSD Poised for Breakout Above Resistance The NZDUSD currency pair is poised for a breakout, and stabilizing the price above the 0.6246 resistance today. If the bulls are successful in achieving this important milestone, the New Zealand Dollar will be able to set its sights on new targets at...

Gold Analysis: Price Line Resistance Acts as Support Gold, the yellow metal, began the day with an increase and is currently trading at $1,971, clinging to the price line resistance that previously acted as support. The market is likely to move back to the channel since it was unable to break...

CHF Likely to Gain More Strength in Coming Weeks The Swiss Franc has been gaining strength against the US dollar since November 2022. The pair is now trading at levels last seen in 2011, due to the franc's status as a safe haven currency and comments from the Swiss National Bank (SNB) about...

EURUSD Technical and Fundamental Outlook The EURUSD currency pair has been experiencing an upward trend since October 2022. Currently, it is trading above its 1.1060 support level. Additionally, technical indicators such as the MACD and RSI are in neutral territory, suggesting a bullish...

Gold: Ready to Break 1972 as Bullish Trend Resumes After touching the bottom line of the rising channel around $1,957, gold has resumed its bullish trend. The appearance of a long wick candlestick signaled the end of the correction, and the market is now stabilizing above the $1,961 support...

EURJPY: How to Trade the Recent Price Action The EURJPY currency pair has recently experienced a rise, holding steady near its last high, which is acting as a resistance level at 158. However, the price had a negative reaction to this resistance and started Monday with a decline. This could...

XAUUSD Gold is currently trading around the support level of $1,963 within an ascending channel. This could be a correction phase of the uptrend that began on June 29, 2023. If the market remains within the channel, it is likely that the upward movement will continue, targeting the previous...

Silver: Bulls on the Prowl Silver prices have been on the rise in recent days, trading above support at $24.53 for the third consecutive day. This has created a new higher low, which is a bullish technical signal. The price also tested support on July 17th and formed a long wick shadow candle...

USDCHF Analysis: Bearish Trend and Potential Price Correction The USDCHF currency pair is currently trading sideways between the lower low at 0.8567 and the lower high at 0.8631. The trend direction is strongly bearish in favor of the Swiss franc, with the MACD signaling an enormous divergence...