Technical Analysis

On Thursday, gold prices stabilized at an impressive 3,373 USD per troy ounce, maintaining proximity to a four-week high. The precious metal’s recent strength is primarily driven by rising apprehensions surrounding the economic health of the United States. Investors are increasingly gravitating toward non-yielding safe-haven assets as signs of economic distress loom large. In times
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In the ever-evolving world of currency trading, today’s environment stands in stark contrast to yesterday’s conditions. Traders appear to be adopting a more cautious approach, swiftly booking profits and strategically fading extremes in anticipation of significant events, notably the upcoming Non-Farm Payroll (NFP) report. The United States dollar (USD) has surged ahead in this scenario,
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In the financial markets, gold has stirred excitement among investors by breaking through the crucial $3,300 resistance level. After experiencing a notable rebound from the $3,250 zone, this precious metal now appears to be on an upward trajectory, signaling potential growth. This recent performance could indicate a broader bullish sentiment, particularly as the price has
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In recent weeks, the US dollar has seen notable fluctuations, underscoring its vital role in shaping investor expectations. Having retreated to levels around 98.7, the dollar exhibited a remarkable bounce-back, a phenomenon that had been witnessed over the past seven weeks. This rebound highlights a critical point: the dollar is not merely a commodity affected
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The cryptocurrency market has seen an explosive resurgence recently, with Bitcoin (BTC) reaching dizzying heights. Surpassing the impressive $110,000 mark and achieving a staggering peak near $111,800, Bitcoin has proven itself as a formidable contender in the financial markets. What’s particularly remarkable is the nearly 50% increase it experienced in just a month and a
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