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Gold under bearish pressure Likely to fall to support level 2555.00 Gold under the bearish pressure after the earlier breakout of the key support level 2617,00 (which is the lower border of the sideways price range inside which the price has been trading from November). The breakout of the support level 2617,00 stopped the earlier […]

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27/09/2024

Market Analysis: Gold Price Sets New High While Oil Price Dips Further

Gold price rallied further and traded to a new high above $2,680. Crude oil is showing bearish signs and might decline below $66.80. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a steady increase from the $2,545 zone against the US Dollar. A key bullish trend line is forming with support […]
06/03/2024

NZDUSD Stuck in a Rectangle Pattern

NZDUSD gets rejected after claiming 50-day SMA But the decline meets strong support at 200-day SMA Oscillators remain in their negative territories NZDUSD had been in a downtrend since its rejection at 0.6373, which is the 78.6% Fibonacci retracement of the 0.6536-0.5772 region. Despite the pair’s attempt for recovery and its temporary break above the 50-day […]
22/05/2024

Market Analysis: GBP/USD Climbs Steadily While EUR/GBP Struggles

GBP/USD is gaining pace above the 1.2640 resistance. EUR/GBP declined steadily below the 0.8565 and 0.8550 support levels. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is attempting a fresh increase above 1.2700. There is a key bullish trend line forming with support near 1.2690 on the hourly chart of GBP/USD at […]