Gold Price Outlook: XAU/USD is approaching trendline resistance at $3,325
Weakness of the USD puts gold removal loss to the test of trendline resistance at $3,325. Optimism around a potential Fed rate cut has diminished the attractiveness of the US dollar. XAU/USD shows a general bearish trend, dropping below $3,325 and $3,345. Gold (XAU/USD) saw some interest just under the $3,300 mark on Wednesday, recovering […]
GBP/JPY Price Outlook: Appears ready to challenge this year’s highest point, close to 200.00 level
GBP/JPY seems ready to pick up momentum on Thursday, which could be a good thing. The ascending channel formation suggests a strong short-term uptrend. A decisive break below the 196.00 level is necessary for a significant decline. During Thursday’s Asian session, the GBP/JPY cross is likely to attract some dip buyers around the 198.40-198.35 range […]
USD/CAD Price Outlook: Remains challenged close to 20-day EMA
USD/CAD is holding steady around 1.3700 as traders await updates regarding US trade discussions. FOMC minutes indicate that most members are not in favor of any short-term interest rate cuts. Canadian employment data for June is expected on Friday. The USD/CAD pair is trading within a narrow band near 1.3700 during Thursday’s Asian session. The […]
Gold Price Outlook: XAU/USD drops under $3,300 as investors process US tariff concerns
Gold prices dip below $3,300 as investors react to global trade uncertainties. Trump is set to announce new tariffs affecting over seven nations. Investors are eager for the forthcoming release of the FOMC minutes. Gold prices (XAU/USD) are expected to fall beneath the $3,300 support level on Wednesday. The pressure on precious metals is mounting […]
Gold Price Outlook: XAU/USD moves steadily near $3,335, anticipating clarity on tariff policies
Gold prices fluctuate around $3,335 on Thursday, showing signs of volatility compression. President Trump is anticipated to reveal multiple trade agreements ahead of the July 9 tariff deadline. The passage of Trump’s tax legislation has raised concerns regarding fiscal risks in the U.S. The gold price (XAU/USD) is performing well at $3,335 during European trading […]
Gold Price Outlook: XAU/USD remains steady close to weekly peak around $3,360 as US NFP draws attention
Gold Market Update Gold prices hover around $3,365 ahead of US NFP data for June. In June, the US private sector saw job cuts as businesses reduced their workforce. Gold prices are attempting to maintain the upward triangle formations on daily charts. During Thursday’s European trading session, gold (XAU/USD) is maintaining a profit near $3,365, […]
Elbridge Colby’s grim outlook may result in Ukraine’s loss.
Elbridge Colby, who served as President Trump’s Director-General of Policy and Defense, is now being compared to Jake Sullivan on Capitol Hill. His efforts to conserve U.S. military resources have raised eyebrows, as it seems he’s trying to turn a potential loss into a victory. This situation started to unfold after Trump’s decisive action against […]
Silver Price Outlook: Buyers are in control as long as it stays above the $35.40 support level
Silver is having difficulty taking advantage of the strong gains it saw earlier in the week. Mixed signals in the technology setups need to be considered before making any new trades. A drop below $36.00 might represent a buying opportunity that is still being upheld. During the Asian trading session on Thursday, silver (Xag/USD) appears […]
GBP/JPY Price Prediction: Strengthening towards 198.50, positive outlook continues
GBP/JPY is expected to trade positively around 198.40 in the early European session on Friday. The outlook for this currency pair is optimistic, surpassing the significant 100-day EMA with bullish RSI indicators. Resistance levels are seen at 198.85, while the initial support level is 196.95. The GBP/JPY is poised to hold steady near 198.40 in […]
AUD/JPY Price Outlook: Stays close to 94.50, discovers initial support at nine-day EMA
AUD/JPY Analysis AUD/JPY could approach the upward channel limit at 95.50. The bullish sentiment is further supported by the 14-day RSI being above the 50 mark. The 9-day EMA, located at 94.26, acts as immediate support. After gaining more than 0.50% in the previous session, AUD/JPY has dipped slightly, trading around 94.50 during Asian trading […]