📊 Market Analysis Product: XAU/USD Prediction: Increase Date : September 12, 2024 🔵Technical Analysis: From a technical perspective, the daily chart for the XAU/USD pair indicates a bullish trend, despite a lack of upward momentum. The pair is trading above a positive 20 Simple Moving Average, with buyers supporting it. Meanwhile, the 100 and 200 SMAs also show bullish trends, remaining well below the current price. Technical indicators are in positive territory but lack clear directional strength, keeping the risk tilted upward. In the short term, the 4-hour chart shows a neutral-to-bullish outlook. XAU/USD is above the converging 20 and 100 SMAs at around $2,507.00, with indicators rising from their midlines and maintaining an upward trajectory. Full analysis here: https://mykvb.com/insights/mar... Account registrations: https://shorturl.at/cjLi4

Edited 12 Sep 2024, 12:41

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📊 Market Analysis: Will EUR/USD Experience an Uptrend Following the Fed's Surprise Rate Cut? Product: EUR/USD Prediction: Increase 🟢Fundamental Analysis: EUR/USD hit a new high for September after the Fed surprised markets with a 50 bps rate cut on Wednesday, boosting risk appetite and sparking buying. This marked the first rate cut in over four years. Afterward, markets cooled, with Fiber returning to the 1.1100 level. The Fed's updated dot plot now projects the Fed Funds rate at 4.4% by the end of 2024 and 3.4% by 2025, down from previous forecasts of 5.1% and 4.1%. 🔵 Technical Analysis: EUR/USD faces resistance at 1.1189 (Sept 18 high), 1.1201 (2024 top), and 1.1275 (2023 peak). On the downside, key support levels are 1.1001 (Sept low), the 55-day SMA at 1.0975, and the 200-day SMA at 1.0867. The pair remains in an uptrend as long as it stays above the 200-day SMA. Short-term consolidation is possible, with resistance at 1.1189, 1.1201, and 1.1275, and support at 1.1078 (55-SMA), 1.1049 (200-SMA), and 1.1001. The RSI has risen above 64. Account registrations : https://shorturl.at/cjLi4

Zaff Ismail

📊 Market Analysis Product: XAU/USD Prediction: Increase Date: 30 September 2024 🔵Technical Analysis: - From a technical standpoint, the Relative Strength Index on the daily chart indicates overbought conditions, making bulls hesitant to place new bets on XAU/USD. However, the recent breakout from a short-term ascending trend channel suggests that gold prices are likely to rise. - Bulls should wait for some consolidation or a small pullback before extending the recent uptrend. - Any significant dip could present a buying opportunity near the channel resistance around $2,625, which should help limit declines near the $2,600 mark. If this level is decisively broken, it may lead to more significant losses in the near term. Full analysis here : https://lnkd.in/eQCPh3Zh Account registrations : https://shorturl.at/cjLi4

Zaff Ismail