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Tag - gold
The greatest sale of Bitcoin continues! It has approached the psychological mark of $30,000. The traders’ focus remains on Thursday’s report on US inflation.
While traders wait for the US inflation figures due on Thursday, EUR/USD, GBP/USD, USD/JPY, and XAU/USD are ruled by support and resistance levels…
Gold managed to bounce back right after the US Jobs Report on Friday and closed the week near $1900 resistance. Gold continues to benefit from inflation expectations. Yet, such rebound is unlikely to be sustainable.
Don’t expect to relax after a super volatile previous week! The market is getting ready for yet another roller-coaster!
Gold has declined but then reached support. What's next?
The US dollar rose on Thursday after America released a strong ADP employment report and better-than-expected unemployment claims…
Gold regained above $1900/Oz during yesterday’s trading, reaching as high as $1910 but it failed to sustain these gains during the Asian session today, leading to another leg lower back below $1900/Oz.
As warned over the past few days, gold is not in a position to keep on rising. Yesterday gold managed to rise all the way to $1,916.
OPEC+ nations decided to stick to gradual production increases and gave a positive outlook for oil demand. Brent rose to the highest levels since 2019 on Tuesday.
This week we expect the OPEC+ to move the oil prices, while the focus of majors' traders will be on the NFP
Chinese figures weren't too impressive. It's a bank holiday in the United States and Britain. Watch the video to get trade ideas for EUR/USD, GBP/USD, USD/JPY, XAU/USD, and oil!