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TitleXAUUSD H4 | Resistance overhead TypeBearish Reversal Preference:Price is approaching our pivot level of 2032.237 and potentially reverse from here, we could see momentum carry price down to its 1st support of 1981.694. Alternative scenario:If price breaks above the pivot level, it could hit the 1st resistance of 2045.439. To discuss this trading idea, head […]
EURUSD, “Euro vs US Dollar” EURUSD has secured above the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.1035 is expected, followed by growth to 1.1325. An additional signal confirming the growth will be a rebound from the lower border of the […]
XAUUSD, “Gold vs US Dollar” At the resistance, gold has formed a Hanging Man reversal pattern. The instrument is now going by the reversal signal in a descending wave. The target for the pullback might be 2025.50. Upon testing the support, the price could rebound from it and continue the uptrend. However, the price could […]
What you will learn: Lot definition Different Lot sizes explained USD and EUR practical illustrations The correlation between margin and leverage Understanding the intrigues in Margin Call calculation What is a Lot Size in Forex? In Forex trading, a standard Lot refers to a standard size of a specific financial instrument. It is one of […]
Gold prices fell, on Wednesday, as pressure from strong monetary policy concerns and rising bond yields outweighed the relief from the dollar’s decline. This comes with the anticipation of central banks’ moves to counter inflation, which has hit record levels in many major economies. Gold Prices Today The price of gold futures contracts -December delivery- […]
US Retail Sales Up Next US data is back in the spotlight today as traders ready themselves for the latest set of retail sales data. On the back of the sharp drop we’ve seen in CPI and PPI data, USD has been trending lower across the week as traders scale back their rate forecasts for […]