Tag - inflation

GBP/USD Is Ready for Reverse Up
GBP/USD Is Ready for Reverse Up

GBP/USD is moving inside the ascending channel. Since it’s in the lower part of this channel, the pair should reverse up and continue moving in zig-zag.

Gold Trade Update
Gold Trade Update

Daily Chart 4H Chart Gold managed to post further gains at the end of last week's trading amid fears of Covid19-Delta variant, in addition to the Federal Reserve's remarks about QE tapering…

USD Declines on Powell Remarks
USD Declines on Powell Remarks

After multiple hawkish remarks over the past few days from non-voters members, the Federal Reserve chairman Powell surprised the markets with some dovish remarks…

Gold Trade Update
Gold Trade Update

Daily Chart 4H Chart Gold began the week higher breaking multiple resistance areas, including 1780 followed by 1800 and closed yesterday's trading above 1800 for the first time since the flash crash that happened few weeks ago…

Gold Holding Well Above 1775
Gold Holding Well Above 1775

Gold Daily Chart Throughout last week’s trading, gold traded within a tight range, but it also managed to hold well above its 1775 support area until the end of the week, while the technical indicators has improved over the past few days, including…

USD Skyrocketing
USD Skyrocketing

Daily Chart  The US Dollar soared higher since the beginning of the Asian session until this report is released…

Gold Trying to Break Higher
Gold Trying to Break Higher

Gold H4 Chart  Gold Daily Chart Gold managed to recover over 50% of its flash crash that occurred at the beginning of this week…

Gold Flash Crash!
Gold Flash Crash!

4H Chart Daily Chart  Gold began the week with what we call it “Flash Crash” with over $60 drop within minutes on bets the Federal Reserve may soon start paring back its massive monetary stimulus, especially after the US Jobs Report announcement on…

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