This week we expect the OPEC+ to move the oil prices, while the focus of majors' traders will be on the NFP
Tag - gold
Chinese figures weren't too impressive. It's a bank holiday in the United States and Britain. Watch the video to get trade ideas for EUR/USD, GBP/USD, USD/JPY, XAU/USD, and oil!
The market is preparing for an active week. Have a look at the trading instruments with the most interesting potential!
In line with our expectations mentioned in yesterday’s note. Gold failed to sustain its gains above $1900/Oz and declined back all the way to $1888 during the Asian session today,
Gold managed to break above $1900/Oz during yesterday’s trading reaching as high as $1913/Oz. However, it failed to sustain these gains...
After reaching key psychological levels, the gold price and the S&P 500 ceded some of the gains to cool down. However, they are still following bullish trajectories.
The gold price and the S&P 500 go beyond important psychological levels sharing bullish vibes across the markets. In the meantime, WTI oil trades at local highs, too, in the hopes of an upbeat outlook to come from the OPEC meeting next week.
Gold has been trading within a tight range since the beginning of last week, trading between $1865 and $1890 with no clear break above or below those levels…
The key levels for gold, oil, and the euro for May 24
EUR/USD and GBP/USD met resistance. Gold is consolidating after rising to 4-month highs. A sell idea for Brent oil. Technical levels for S&P 500. Watch the video to learn about these and other topics important for traders!
Daily market update for this Thursday
How to trade on May 18? Watch the video to know!