Gold: Gold (XAU/USD) has shown strong movement in the market recently, and understanding its potential resistance and support levels is crucial for traders. Let's break down the significant barriers and targets for XAU/USD. Firstly, we need to focus...
ICHIMOKU CLOUD Ichimoku Cloud: A Comprehensive Guide The Ichimoku Cloud is a powerful technical analysis tool used to gauge support and resistance levels, momentum, and trend direction. Developed by Goichi Hosoda, a Japanese journalist, this...
EUR/USD technical analysis Currently, the price is trading within an area of support formed by the daily chart's 1.0760 monthly pivot level. There are two price channels in the market this month, one of which is bullish in red and represents the...
On the H1 chart, the overall trend breakout for gold remains valid. Currently, bears have taken control above the $2315.00 level. This means that sellers are dominating the market at this price point. Despite this, gold is now moving into a...
EUR/USD This week, the price has been trading within a triangle formed by two channels: a bullish one in blue, representing price movement over the past two weeks, and a bearish one in red, representing price movement from the previous week. The...