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- WTI crude – bearish momentum pauses as market consolidates ahead of potential renewed downside move
- Gold continues to set fresh record highs in every session, reaching close to $4400 during Friday’s trading.
- Dollar index – pullback encounters strong support at key technical level
- USDJPY extends its pullback on growing rate cut expectations, though key support levels remain intact
- EURUSD – fresh rebound requires daily cloud break to improve near-term outlook
- Gold – bulls pause briefly below the new record high
- Silver hits a new record high, supported by robust safe-haven demand and mounting concerns over supply constraints
- Bitcoin rebounds strongly, recovering over half of its recent sharp decline
- 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.
Cable maintains a constructive outlook but will likely continue to encounter strong resistance at…
Cable edged higher early Monday, pressuring the pivotal 1.3350 barrier (the 61.8% Fibonacci retracement of the 1.3423–1.3232 pullback and the former recovery peak from April 24).
A series of higher lows since the 1.3232 correction low,…
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Gold tests key support levels once again, but early signals still await confirmation
Gold prices fell on Friday after failing to reclaim key resistance levels at $3,371 (broken 23.6% Fibonacci retracement of the $2,956–$3,500 rally) and the psychological $3,400 mark—signaling that the corrective phase from the all-time high…
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USDJPY lifted by renewed risk appetite, but clear directional signals remain elusive
USDJPY remains supported, as the rebound from the multi-month low at 139.88 continues to hold above the broken Fibonacci level at 142.55 (23.6% of the 151.20–139.88 decline, reinforced by the 10-day moving average) for a third straight day.…
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WTI Crude – Recovery Struggles Below Key Fibonacci Resistance
WTI crude edged higher on Thursday, partially recovering from the previous day’s sharp 2.4% drop, following signals from OPEC suggesting additional output increases starting in June.
However, the rebound remains limited, weighed down by…
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EUR/USD – The bigger uptrend stays safe while the price stays above 1.1274
EUR/USD gained early Thursday, indicating renewed strength from the broader bullish trend after a two-day pullback from the recent four-year high at 1.1573 found solid support near the 1.1300 area.
The near-term outlook remains strongly…
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U.S. business activity slows in April amid rising tariff concerns
Data released on Wednesday showed that the U.S. Flash Composite PMI Index—which measures activity across both the manufacturing and services sectors—fell to 51.2 in April, down from 53.5 in March, marking the lowest reading since December…
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BTCUSD – New rally suggests the correction from the recent all-time high may be complete
Bitcoin surged to its highest level since early March on Wednesday, marking a strong three-day rally that signals a potential continuation of the recovery from the 2025 low at 74,389.
The fresh bullish momentum followed a brief period of…
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Gold – Key $3300 Support Zone in Focus as Market Seeks Directional Clues
Gold Holds at $3300 Support as Market Awaits Next Move
Gold extended losses for a second consecutive day on Wednesday, sliding to the $3300 support zone in early trading, continuing a sharp pullback from Tuesday’s record high at $3500.…
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GBPUSD – Bulls Encounter Resistance Headwinds but Maintain Their Hold for Now
Bulls are showing early signs of fatigue as GBPUSD edges closer to the key resistance at 1.3434 — the 2024 high from September 26 — after repeatedly failing to sustain moves above the 1.3400 mark.
Heavily overbought conditions on the…
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USDJPY – Bears likely to pause near key support zone at 140.00/139.57
USDJPY saw a slight uptick on Tuesday after bears broke the psychological 140 support level, reaching a new multi-month low at 139.88, and came close to testing the key mid-term support at 139.57, the 2024 low from September 16.
Partial…
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