Gold is moving within a narrow range in European trading on Friday, but still being constructive after Thursday’s strong upside rejection at pivotal $3400 zone and daily close in red. Near-term action stays around support at $3355 (broken Fibo 61.8%) and above 10DMA ($3335) which gives a dash of optimism, as several attacks already failed at…

Gold cracked $3400 barrier in fresh acceleration that pushed the price to the highest in almost one month, dragged by today’s strong rise in silver price Probe through significant barriers at $3400 zone (former recovery top / psychological / Fibo 76.4% of $3500/$3120 correction) is about to generate fresh bullish signal, which requires close…

Silver price surged on Thursday, rallying nearly 4% by the mid-European trading, to hit the highest since February 2012. Fresh demand also lifted the silver price to new record high in India, that contributes to strengthening bullish outlook, as silver enjoys strong support from ongoing geopolitical tensions and growing signals of slowdown in US…

Gold price moves within a tight range on Wednesday but remains bullishly aligned following limited corrective dip on Tuesday. Broken Fibo level at $3355 (61.8% of $3200/$3120 pullback) reverted to solid support which keeps the downside protected so far and guards lower trigger at $3328 (broken triangle’s upper boundary, reinforced by 10DMA).…

EURUSD hit the highest in over five weeks on Monday, inflated by weaker dollar on the latest threats of doubling import duties on steel and aluminium. The pair gained around 0.8% by the mid-US session and pressure strong resistance at 1.1453 (Fibo 76.4% of 1.1573/1.1065, reinforced by the upper 20-d Bollinger band. Bulls may face increased…

WTI oil price jumped around 3.7% and hit the highest in almost two weeks on Monday, on track for the biggest daily gain since April 9. Fresh advance penetrated daily cloud (spanned between $62.83 and $63.92) and cracked psychological $63.00 level. Near term focus shifts to key resistances at $63.92 /$64.03 (cloud top / ceiling of recent…

Gold opened with gap higher and surged in early Monday trading, lifted by escalation of war in Ukraine, President Trump’s fresh threats of doubling current tariffs on imports of steel and aluminium and victory of Eurosceptic candidate in Poland’s Presidential election. Worsened conditions provided fresh boost to safe haven demand, with gold…

Cable remains at the back foot on Wednesday after Tuesday’s pullback from new multi-month high (1.3593) cracked psychological 1.3500 support. Price dipped to 1.3561 this morning, but quick bounce to 1.3500 zone points to headwinds that fresh bears face. Today’s action was so far shaped in Doji candle (indecision) with short-lived…