📊 Gold continues to consolidate
Gold (XAU) has been fluctuating within a narrow range of $3,260–3,360 since the beginning of the week, due to a lack of new drivers and trade tariff news. On Monday, U.S. Treasury Secretary Scott Bessent remarked that several key U.S. trading partners have submitted 'very good' proposals designed to forestall the imposition of U.S. tariffs. He highlighted China's recent exemption of some American goods from its counter-tariffs as a signal of Beijing's intent to de-escalate trade tensions. Still, Bessent underscored that the U.S. is actively engaged in negotiations and that the responsibility ultimately lies with China to implement substantive measures to reduce trade tensions.
👉Possible effects for traders
'We're starting to see the first signs of selling exhaustion', TD Securities commodity strategist Daniel Ghali said, adding that the risk of a downward correction in gold is extremely limited. 'Western investors, particularly discretionary traders or macro funds, have been completely under-positioned in this last leg of gold's rally, and as a result of that, there's a limited amount of selling activity, and gold prices are drifting higher to reflect that', Ghali added.
The bullish trend may continue, driven by increased demand for gold. 'Feedback from experts suggests that buyers are showing keen interest in various forms of gold, including higher karat gold jewellery, gold ETFs, digital gold, coins and bars, further strengthening its role in Indian households. Given the seasonal and wedding demand, strong gold buying is expected this festive season', Sachin Jain, regional executive director of World Gold Council India, wrote in a note.
XAUUSD fell during the Asian and early European trading sessions. Today, traders should continue monitoring developments around global trade tariffs. Also, U.S. macroeconomic releases may trigger extra volatility. CB Consumer Confidence and JOLTS Job Openings reports are due at 2:00 p.m. UTC. Higher-than-expected figures may pause the rally in XAUUSD but are unlikely to break the bullish trend. Lower-than-expected results may push the pair above $3,350.
Sign Up Now➡️ https://bit.ly/attocta
Partner Code➡️ 37888
Gold (XAU) has been fluctuating within a narrow range of $3,260–3,360 since the beginning of the week, due to a lack of new drivers and trade tariff news. On Monday, U.S. Treasury Secretary Scott Bessent remarked that several key U.S. trading partners have submitted 'very good' proposals designed to forestall the imposition of U.S. tariffs. He highlighted China's recent exemption of some American goods from its counter-tariffs as a signal of Beijing's intent to de-escalate trade tensions. Still, Bessent underscored that the U.S. is actively engaged in negotiations and that the responsibility ultimately lies with China to implement substantive measures to reduce trade tensions.
👉Possible effects for traders
'We're starting to see the first signs of selling exhaustion', TD Securities commodity strategist Daniel Ghali said, adding that the risk of a downward correction in gold is extremely limited. 'Western investors, particularly discretionary traders or macro funds, have been completely under-positioned in this last leg of gold's rally, and as a result of that, there's a limited amount of selling activity, and gold prices are drifting higher to reflect that', Ghali added.
The bullish trend may continue, driven by increased demand for gold. 'Feedback from experts suggests that buyers are showing keen interest in various forms of gold, including higher karat gold jewellery, gold ETFs, digital gold, coins and bars, further strengthening its role in Indian households. Given the seasonal and wedding demand, strong gold buying is expected this festive season', Sachin Jain, regional executive director of World Gold Council India, wrote in a note.
XAUUSD fell during the Asian and early European trading sessions. Today, traders should continue monitoring developments around global trade tariffs. Also, U.S. macroeconomic releases may trigger extra volatility. CB Consumer Confidence and JOLTS Job Openings reports are due at 2:00 p.m. UTC. Higher-than-expected figures may pause the rally in XAUUSD but are unlikely to break the bullish trend. Lower-than-expected results may push the pair above $3,350.
Sign Up Now
Partner Code
Please open Telegram to view this post
VIEW IN TELEGRAM
Octabroker
Sign up — Octa
Register and start trading with Octa. Sign up with an email address or social media to create your first trading account in several quick steps.
Chart: XAGUSD daily chart
XAGUSD rebounded to the 30.00 threshold after briefly testing the support at 28.20. However, the price has broken below the trendline, indicating a potential bearish shift.
If XAGUSD breaks below the support at 29.60, the price may retreat toward the following support at 28.20.
Conversely, if XAGUSD breaches above the resistance at 30.60, the price could advance further toward the following resistance at 31.50.
XAGUSD rebounded to the 30.00 threshold after briefly testing the support at 28.20. However, the price has broken below the trendline, indicating a potential bearish shift.
If XAGUSD breaks below the support at 29.60, the price may retreat toward the following support at 28.20.
Conversely, if XAGUSD breaches above the resistance at 30.60, the price could advance further toward the following resistance at 31.50.
GBPUSD, 30-minute timeframe chart
👉General outlook
GBPUSD has been trading in a bullish trend for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1.34097.
Set your stop loss at 1.34396 above the previous high ($2.99 loss for 0.01 lot) and take profit at 1.33798 ($2.99 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
👉General outlook
GBPUSD has been trading in a bullish trend for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1.34097.
Set your stop loss at 1.34396 above the previous high ($2.99 loss for 0.01 lot) and take profit at 1.33798 ($2.99 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
What moved the market this week? Our latest market movers round-up reveals the key shifts:
🚀 Top performers:
🔹USDCHF +1.40% — the Swiss franc gained as the greenback strengthened.
🔹USDJPY +1.04% — the yen weakened with a positive risk sentiment.
🔹NZDUSD +0.37% — the kiwi dollar rose as investors took on more risk.
❌ Top losers:
🔹USDMXN –1.10% — the peso weakened despite improved sentiment.
🔹USDZAR –0.78% — the rand faced pressure amid a risk-on market shift.
🔹XAUUSD –0.28% — gold retreated as traders turned to riskier assets.
💬 Easing US–China trade tensions helped boost market sentiment, driving risk-sensitive currencies higher.
Follow @technicalmytips for more expert information
🚀 Top performers:
🔹USDCHF +1.40% — the Swiss franc gained as the greenback strengthened.
🔹USDJPY +1.04% — the yen weakened with a positive risk sentiment.
🔹NZDUSD +0.37% — the kiwi dollar rose as investors took on more risk.
❌ Top losers:
🔹USDMXN –1.10% — the peso weakened despite improved sentiment.
🔹USDZAR –0.78% — the rand faced pressure amid a risk-on market shift.
🔹XAUUSD –0.28% — gold retreated as traders turned to riskier assets.
💬 Easing US–China trade tensions helped boost market sentiment, driving risk-sensitive currencies higher.
Follow @technicalmytips for more expert information
ETHUSD, 15-minute timeframe chart
👉General outlook
ETHUSD has been trading in a bullish trend for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1,810.50.
Set your stop loss at 1,836.50 above the previous high ($2.60 loss for 0.01 lot) and take profit at 1,784.50 ($2.60 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
👉General outlook
ETHUSD has been trading in a bullish trend for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 1,810.50.
Set your stop loss at 1,836.50 above the previous high ($2.60 loss for 0.01 lot) and take profit at 1,784.50 ($2.60 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
👍1
What’s your first line of defense?
Anonymous Poll
86%
Dahi-Cheeni 🧘
0%
Economic calendar 👀
14%
Market sentiment 📊
Some days are made for new beginnings. Today is one of them. Wishing you infinite prosperity and joy.
#AkshayaTritiya
#AkshayaTritiya
❤1👍1
AUDUSD, 15-minute timeframe chart
👉General outlook
AUDUSD has been trading in a bearish trend for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 0.63900.
Set your stop loss at 0.64180 above the previous high ($2.80 loss for 0.01 lot) and take profit at 0.63620 ($2.80 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
👉General outlook
AUDUSD has been trading in a bearish trend for the last couple of hours.
👉Possible scenario
The best way to use this opportunity is to place a Sell order at 0.63900.
Set your stop loss at 0.64180 above the previous high ($2.80 loss for 0.01 lot) and take profit at 0.63620 ($2.80 profit for 0.01 lot).
The risk-reward ratio for this order is 1:1.
The upcoming news will not influence your orders within the mentioned period.
🏆 Trade virtual cash for withdrawable cash prizes. Compete with no deposit or risk. Join for free today 🚀
Signup today! 🔗➡️ https://tlt.ink/xmbro
USE CODE➡️ 98CQT
Signup today! 🔗
USE CODE
Please open Telegram to view this post
VIEW IN TELEGRAM
This media is not supported in your browser
VIEW IN TELEGRAM
Watch Free 🔴 Live Match 🏏
Play Games And Win Real Cash 🤑 Welcome Bonus 500rs Sign Up Now👇
✔️ Link:http://bit.ly/3zeqJ2L
USE PROMO CODE FOR 150% DEPOSIT BONUS➡️
SMT150
JEET150
Play Games And Win Real Cash 🤑 Welcome Bonus 500rs Sign Up Now👇
✔️ Link:http://bit.ly/3zeqJ2L
USE PROMO CODE FOR 150% DEPOSIT BONUS
SMT150
JEET150
Please open Telegram to view this post
VIEW IN TELEGRAM
Use Promo Code
Please open Telegram to view this post
VIEW IN TELEGRAM
Join Now
👇👇👇👇👇👇👇👇👇👇👇
https://t.me/+u5QKtCP9W3kwNTc1
Please open Telegram to view this post
VIEW IN TELEGRAM