TitleXAUUSD H4 | React off resistanceTypeBearish ReversalPreference:Price is rallying to our pivot point of 1957.181 which is an overlap resistance level that aligns with a 38.2% Fibonacci...
US Data Surprises on the Upside, Confirming Fed Concerns about Inflation Rebound
Core PCE for April confirmed market concerns that consumer inflation in the US is accelerating again:Overall, it is not surprising as top Federal Reserve officials complained about sustained high...
XAUUSD H4 | Falling to support
TitleXAUUSD H4 | Falling to supportTypeBullish BouncePreference:Price is approaching the pivot point of 1952.557 and could potentially reverse from here, we could see momentum carry price up to its...
UK Inflation Spike Sparks Global Market Concerns. S&P 500 on the Point to Break Downside
The data on British inflation has caused serious concerns in the markets about the prospect of a renewed acceleration of inflation worldwide. The core inflation (which excludes volatile goods) jumped...
XAUUSD H4 | React off 38.2%
TitleXAUUSD H4 | React off 38.2%TypeBearish ReversalPreference:Price has just reacted off the pivot point of 1981.517 which is an overlap resistance that aligns with a 38.2% Fibonacci retracement. A...
Firmer USD Sends Gold LowerGold prices are plunging today amidst a fresh uptick in the US Dollar. The metal is now down more than 5% from YTD highs and looks vulnerable to a fresh fall lower should...
Copper Price Plunge Highlights Recession Fears
Copper Breaks LowsOften referred to as ‘Dr Copper’ because of its use in gauging the health of the global economy, the latest decline in copper prices is a worrying symbol. Copper futures have been...
Metals Down From YTD Highs But Is Recovery Coming?
Will Metals Rally Again Following Powell Outlook Shift?Both gold and silver came under heavy selling pressure last week amidst a fresh round of strength in the US Dollar. The DXY was seen printing...
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