On the H1 (hourly) chart, the gold price is currently expected to remain within a descending channel, indicating a bearish trend. This pattern, characterized by lower highs and lower lows, suggests a steady decline in price over time as it moves...
AUD/USD The Australian Dollar (AUD) has appreciated after Reserve Bank of Australia (RBA) Governor Michele Bullock suggested potential interest rate hikes. Bullock mentioned that the central bank might increase rates if the Consumer Price Index...
The W1 analysis of the AUD/USD pair indicates a bullish sentiment, suggesting that the pair is currently moving above the lower boundary of a rising wedge pattern. This technical formation often hints at potential upward momentum, and the current...
The USD/JPY currency pair, currently trading at 156.82, is experiencing a bearish trend. This trend indicates that the value of the US dollar is weakening relative to the Japanese yen. While the market has been moving slowly, there are several...
The $2,300 resistance level has historically acted as a significant barrier to further price increases in the gold market. This level often triggers selling pressure, preventing the price from rising above it. For me, the key signal to watch for is...