Technical Analysis Gold – 07.06.2024 Rami Abu-Draa Jun 7, 2024 29 Gold headed for a significant decline on news that China stopped buying any of the precious metal last month. The market still faces an intraday…
Technical Analysis Crude Oil – 07.06.2024 Rami Abu-Draa Jun 7, 2024 10 Crude Oil hit a rebound correction before testing the support trend at 70.00-50. As we can see from the chart, the market is closing in on the…
Technical Analysis GBP/USD – 07.06.2024 Rami Abu-Draa Jun 7, 2024 11 As mentioned last week, GBPUSD met the target of 1.2800, which then saw a correction move. As we can see on the chart, if prices remain below…
Technical Analysis EUR/USD – 07.06.2024 Rami Abu-Draa Jun 7, 2024 22 Our previous chart shows that the Euro hit above the resistance level of 1.0895, which could signify further advance. The market is…
Technical Analysis The Week Head – NFP Shakes the Markets David Kindley Jun 7, 2024 30 XAUUSD pressured by progressive NFP data Gold softens as a surprise boost in NFP data saw the dollar jump. The correlation between the yellow metal…
Fundamental Analysis Gold, New Records Ahead? Daniel John Grady Jun 7, 2024 113 Gold trending higher through the week, largely driven by weaker US Treasury yields. As it approached a two-week high, it was short of the May 10…
Technical Analysis Intraday Analysis – CAD Bounces as BOC Cuts Rate David Kindley Jun 7, 2024 13 USDCAD pushes higher The Canadian dollar spiked as the BOC became the first G7 nation to begin cutting rates. A jump towards 1.3740 confirmed a…
Technical Analysis Dow Jones – 06.06.2024 Rami Abu-Draa Jun 6, 2024 18 The Dow managed to hold below the resistance of 38900. The chart shows that the market is still facing pressure around 38900 and 39220, while the…
Technical Analysis Gold – 06.06.2024 Rami Abu-Draa Jun 6, 2024 25 Gold broke above the 2355 resistance zone, pushing the market higher towards 2374. As mentioned before and seen on the chart, the market could…
Technical Analysis Crude Oil – 06.06.2024 Rami Abu-Draa Jun 6, 2024 11 As previously predicted, Crude Oil dropped below 75.50 and fell further to meet the second target of 73.50. On the chart, the market faces hitting…