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Gold just flew to the moon and back! What a wild roller coaster ride but traders are likely wondering what’s next for the precious metal.  More bearish momentum ahead or will the technical area draw in buyers once again?Gold (XAU/USD)…

Cable is sitting on a major area of interest today! Can GBP/USD still extend its uptrend?Or are we looking at the start of a longer-term reversal for the pair? GBP/USD Daily Forex Chart by TV GBP/USD has been in a downtrend since…

USDJPY falls back between 100 and 200 hour MAsThe USDJPY high today in the Asian-Pacific session stalled against the high from yesterday and set a ceiling area between 146.299 and 146.40.Sellers took the price down to - and through - the…

USDJPY back down testing the lowsThe early buying of the USD in the North American session, took the price above its 100-hour moving average near 145.70. The high price reached 145.755 and 145.733 consecutive hourly bars. However, momentum…

This precious metal is testing support-turned-resistance once again! Will you still hold out this time? This is what I see on the 4 hour time frame. Gold (XAU/USD) 4 hours Planned by TV This safe haven commodity has been rising…

2/2 © Reuters. FILE PHOTO: SAG-AFTRA representatives attack Hollywood studios while joining the Writers Guild of America (WGA) in a sit-in as outside the Netflix offices in Los Angeles, California, U.S. July 14, 2023. REUTERS/Mike…

I see a textbook correction playing out on the 4 hour chart of Silver! Will the resistance continue to stand? As you can see from the 4-hour chart below, the commodity's price has made lower highs which are associated with a downward…

Are we about to see some 4th of July fireworks from this dollar pair soon? Check out the USD/CAD levels I'm watching. As you can see from the 4-hour chart below, the pair has recently fallen below the floor around 1.3350, a minor…

Who's to play Simple Undo today? I've got the GBP/AUD textbook correction setup on my radar! If you think that the trend is still our friend in this pair, you'd better keep an eye on these potential support areas on the short-term…

USDCAD fell last week below a major swing zone on the daily chart (see chart below). That area came between 1.3207 and 1.32299. However, the momentum could not be sustained, and in today's trading, the price moved higher and higher from…