Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

The key levels for gold in the upcoming days
The key levels for gold in the upcoming days

Last week was very promising for the gold bulls as the price managed to recover after the significant fall towards $1,200. What are the reasons behind this rise and where the gold is heading during this week?

USD/CAD: the CAD has chances
USD/CAD: the CAD has chances

On the daily chart of USD/CAD, after the pair reached the 1.3285-1.3315 convergence (targets of "Shark" and "Wolfe waves" patterns), a logical pullback happened.

XAU/USD: gold is stregthening
XAU/USD: gold is stregthening

Recommendation: BUY 1225 SL 1210 TP1 1248 TP2 1255 TP3 1263 On the daily chart of XAU/USD,  bears couldn't keep the pair within the 1185-1215 consolidation…

EUR/USD: euro in positive mood
EUR/USD: euro in positive mood

Bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines.

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