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  • GOLD – Shallow correction from new record high keeps broader bullish trend intact
  • Dollar’s upward momentum stalls near a key Fibonacci level, limiting further bullish progress.
  • Gold – bulls pause briefly before next assault on the $4000 barrier
  • Gold – shallow pullback below new record peak viewed as setup for another push into uncharted territory
  • Dollar Index – bears back in charge after recovery falters at key technical hurdles
  • EURUSD – pullback from new 2025 high signals positioning for potential acceleration above 1.20
  • WTI OIL – renewed upside momentum encounters strong resistance at the base of the thick daily cloud
  • USDJPY – break above the daily cloud sparks a renewed bullish signal
  • Silver – bulls pause below the key psychological $45 barrier
  • Gold hits fresh record highs above $3700

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Ahmad Elbasioni 155 posts 0 comments

Technical Outlook

USD/JPY – Dollar Supported by Safe-Haven Flows

Ahmad Elbasioni Jul 7, 2025
The USD/JPY pair rose 0.7% on Monday morning, supported by strong safe-haven flows amid growing risk aversion in global markets. The pair extended its rally and broke through the daily Ichimoku cloud (spanning 144.74 to 145.54), with…
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Technical Outlook

Australian dollar drops significantly amid risk-off sentiment ahead of the widely anticipated 25…

Ahmad Elbasioni Jul 7, 2025
The AUD/USD pair extended its decline for a third straight session, accelerating losses early Monday by nearly 1% during Asian and early European trading, and sliding to its lowest level in almost two weeks after briefly dipping below the…
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Technical Outlook

GOLD – Bullish bias holds above $3325, supported by U.S. fiscal uncertainty

Ahmad Elbasioni Jul 4, 2025
Gold edged higher on Friday morning, recovering part of the losses triggered by the post-NFP reaction. The metal remains on course for a weekly gain after two consecutive weeks in the red, reinforcing the positive outlook as prices stay…
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Technical Outlook

Sterling plunges amid escalating political turmoil in the UK

Ahmad Elbasioni Jul 2, 2025
The British pound weakened sharply across the board on Wednesday, following renewed political instability in the UK. The sell-off was triggered by a major setback to Finance Minister Rachel Reeves’ budget proposal, after significant…
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Technical Outlook

Dollar index – Bears Hold Ground Above Multi-Month Lows as Markets Brace for Key U.S. Jobs Data

Ahmad Elbasioni Jul 2, 2025
The U.S. Dollar Index edged slightly higher on Wednesday after hitting a fresh 3.5-year low, supported by a surprise jump in the JOLTS job openings report, which improved short-term sentiment and triggered some profit-taking. However, the…
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Technical Outlook

GOLD – New Rally Offers Temporary Relief and Lifts Market Optimism

Ahmad Elbasioni Jul 1, 2025
The rebound from the June 30 low of $3,246 extended into a second straight session on Tuesday, gaining momentum and retracing over 50% of the two-week decline. The move was supported by a weaker U.S. dollar amid renewed tariff uncertainty,…
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Technical Outlook

USD/JPY – Bearish Momentum Intensifies

Ahmad Elbasioni Jul 1, 2025
The USD/JPY extended its decline on Tuesday, breaking below the 143.00 level after violating key Fibonacci support at 143.23 (61.8% retracement of the 139.88–148.64 rally). The downtrend from the June 23 spike high of 148.02 remains firmly…
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Lastest Posts
  • GOLD – Shallow correction from new record high keeps broader bullish trend intact

  • Dollar’s upward momentum stalls near a key Fibonacci level, limiting further bullish progress.

  • Gold – bulls pause briefly before next assault on the $4000 barrier

  • Gold – shallow pullback below new record peak viewed as setup for another push into uncharted territory

  • Dollar Index – bears back in charge after recovery falters at key technical hurdles

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