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XAUUSD, “Gold vs US Dollar” As we can see in the H4 chart, XAUUSD has formed a Hanging Man pattern not far from the resistance level. At the moment, the asset is reversing in the form a new descending impulse towards the rising channel’s downside border. In this case, the downside correctional target may be […]
Calgary – For Fraud Prevention Month this March, the Canadian Securities Administrators (CSA) is reminding Canadians to do their own research and ask questions before investing in crypto assets. Increased knowledge can help investors make informed decisions, reduce the risk of losses and avoid crypto investment scams. The CSA is launching a bilingual campaign on […]
Gold prices fell on Friday, with US Treasury yields rising overnight, on the back of rising inflation data. Despite the decline, the precious metal is heading for a second consecutive weekly gain, supported by growing fears of political tensions, as talks between Russia and Ukraine have made no progress. And gold prices ended their trading, […]
The ECB held a monetary policy meeting on Thursday and sort of announced a reduction in stimulus. However, given recent geopolitical events, markets were clearly hoping for more. EURUSD rallied towards 1.11 in the run up to the meeting on the back of expectations that buying frenzy in commodity markets and inflation pressures related to […]
Oil PlungesAnother week comes to a close in financial markets and it’s been another week of hoping the violence in Ukraine comes to an end. While, sadly, that doesn’t seem to be the case for now, we have at least had plenty of interesting market moves to be focusing on. Chatting with traders this week, […]
Gold reversed from long-term resistnace level 2075.00• Likely to fall to support level 1900.00 Gold recently reversed down from the powerful long-term resistnace level 2075.00 (which stopped the previous sharp upward trend in the middle of 2020) – standing far above the daily and the weekly Bollinger Bands. The downard reversal from the resistnace level […]