Gold prices saw gains in Asian trade on Tuesday, building on a recovery from two-month lows. The yellow metal benefitted from a pullback in the U.S. dollar and escalating geopolitical tensions between Russia and Ukraine, which fueled demand for safe-haven assets. Spot and Futures Prices Climb Spot gold was up …
Read More »Dow Jones steady below resistance 19/11/2024
Oil, Crude, trading
Read More »USD/JPY may start downward correction 19/11/2024
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Read More »GBP awaits confirmation signal in the short term 19/11/2024
Oil, Crude, trading
Read More »Oil breaks resistance 19/11/2024
US crude oil futures have shown a strong upward momentum, crossing a key resistance level at 68.65, signaling a shift toward a potential bullish trend. Technical Analysis Overview:On the 240-minute chart, the technical setup is promising, with the 14-day momentum indicator attempting to generate positive signals. Furthermore, the 50-day simple …
Read More »Gold starts positively 19/11/2024
Gold prices showed strong upward momentum in the previous session, successfully building on the support level of 2567 and reversing the anticipated downward trend from the prior analysis. As highlighted earlier, surpassing 2604 was a significant catalyst, paving the way for a potential shift toward an upward trajectory, with prices …
Read More »Euro retests resistance 19/11/2024
The Euro made some gains against the US Dollar during the previous trading session, attempting to retest the psychological barrier resistance level at 1.0600. From a technical standpoint, the pair is currently hovering around this resistance, which aligns with the 23.60% Fibonacci correction on the 4-hour chart. The Stochastic indicator …
Read More »Oil Prices Dip Slightly Amid Demand Concerns and Supply Worries
Oil prices edged lower in early Asian trading on Tuesday, stabilizing after significant gains in the prior session. The decline followed concerns about global demand and a potential supply glut, despite the market’s reaction to recent supply disruptions and geopolitical tensions. Modest Decline in Oil Futures Brent crude futures for …
Read More »Gold Soars Amidst Geopolitical Tensions and Dollar Weakness
Gold prices surged on Monday, reversing a recent downward trend as the U.S. dollar weakened and concerns over the Russia-Ukraine conflict intensified. The precious metal, often seen as a safe-haven asset during times of economic and geopolitical uncertainty, benefited from increased investor demand.Geopolitical Tensions Fuel Safe-Haven DemandThe escalation of the …
Read More »Market Drivers; US Session
Market Update: Dollar Weakens, Euro and Pound Strengthen The US Dollar continued its downward trend on Tuesday, November 19th, as the initial enthusiasm for the Trump rally seems to have waned. This potential temporary dip could lead to another “buy the dip” opportunity. Key Events and Economic Data: US Dollar: …
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