Gold extends pullback on growing risk sentiment
Gold price falls for the second day, as growing optimism over possible US-EU trade deal continues to fuel risk appetite and deflates safe-haven demand.
Fresh weakness emerged after bulls failed to register a clear break above trendline…
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XRPUSD – sharp pullback faces strong headwinds at key $3.00 support zone
XRP extends pullback from new high ($3.66) on Thursday after it dropped over 10% on Wednesday, in the biggest daily loss since March 3.
Repeated failure at $3.66 zone with strong upside rejections and double daily Doji candles, as well…
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EURUSD – bulls take a pause ahead of ECB
EURUSD eases from new two-week high (1.1760) on Wednesday, as traders reacted to overbought conditions and opted for partial profit taking after steep three-day rally.
Dips were so far shallow (contained by 20DMA at 1.1708), keeping…
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WTI Oil – bears hold grip as trade issues continue to sour the sentiment
WTI oil price remains in red for the fourth consecutive day and trading near new three-week low on Wednesday.
Bears hold grip despite a partial relief from announcement of US trade deal with Japan, as dissonant tone come from the EU (the…
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AUDUSD rises further on fresh risk appetite
AUDUSD kept firm tone and accelerated higher on Wednesday, extending its latest bull-phase into fourth straight day.
The pair hit the highest levels in over one week, lifted by announcement of US-Japan trade deal that fueled fresh risk…
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Gold hits new 5-week high on break above pivotal barriers at $3400 zone
Gold surged above $3400 barrier on Tuesday after a brief pause (shallow pullback from $3402 to $3383) and cracked next target at $3420 (triangle’s upper boundary).
Steep ascend extends into second consecutive day, with daily close above…
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USDJPY – pullback to find firm ground above 146.70 to keep larger bulls intact
Narrow consolidation follows Monday’s drop which found temporary footstep at 147 zone.
Pullback from last week’s three-month high (149.18) pauses but still has more space to extend lower.
Fibo 38.2% retracement of 142.68/149.18…
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EURUSD – recovery picks up and boosts optimism
EURUSD regained traction and extended recovery on Monday, signaling formation of higher base at 1.1560 zone) and generating initial signal that correction from new 2025 peak (1.1830, posted on July 1) might be over.
Break above first…
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Gold rises on weaker dollar
Gold price rose on Monday and moved to the upper part of near-term range ($3320/$3377) after another attack at the top of rising daily cloud was rejected last Thursday.
Rising daily cloud continues to underpin the action since January…
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Bitcoin – repeated failures at 120K barrier warn of further sideways action
BTCUSD continues to trade in the sideways mode for the seventh straight day, with repeated failures to register close above psychological 120K level indicating that larger bulls might be losing traction after last Monday’s short-lived spike…
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