XAU/USD escaped from the flag pattern, signaling more declines. A new lower low activates a larger correction. The US data could bring sharp movements today. The gold price is trading in the red at $2,316 at the time of writing. The metal looks poised to approach new lows in the short term. The price tried...

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The bias is bullish in the short term. A new higher high activates further growth. The US data should bring high action tomorrow. The EUR/USD price retreated a little in the short term after reaching Friday’s high of 1.0752. Now, the pair is trading at 1.0718 at the time of writing. The US dollar remains...

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The bias is bearish as long as it stays within the descending pitchfork’s body. The US data should be decisive today. A new higher high activates an upward movement. The gold price is trading in the green at $2,319 at the time of writing. The precious metal is struggling to come back higher after the...

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Staying above the median line indicates further growth. The US and Canadian figures should bring high action later today. The EUR/USD pair tries to confirm its breakout. The EUR/USD price touched 1.0714 today, registering a new weekly high. However, the pair failed to stay above the 1.07 psychological level and is now trading at 1.0686...

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Escaping from the up channel announced a potential leg down. Taking out the immediate downside obstacles opens the door for more declines. The US data could change sentiment in the short term. The gold price tumbled after failing to retest the new all-time high of $2,431 and is now trading at $2,294 at the time...

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XAU/USD is bullish despite temporary drops. A new lower low activates a corrective phase. Escaping from the up channel pattern announced exhausted buyers. The gold price pared gains after reaching today’s high of $2,417. The metal is trading at $2,381 at the time of writing. Despite the temporary correction, the bias is still bullish in...

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The false breakdowns announced a new leg higher. The median line acts as a magnet and attracts the price. Taking out 1.0664 signaled further growth. The EUR/USD price is trading in the green at 1.0678 at the time of writing. The pair looks positive to hit new highs near 1.0700 area. The US dollar is...

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The bearish pressure remains high as long as it stays below the median line. A new higher high activates a larger rebound. The price action signaled an oversold. The GBP/USD price rallied today and hit as high as 1.2481 after the UK CPI came in better than expected. Now, the pair has retreated a little...

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Falling to reach 1.06, announced exhausted sellers. The fundamentals should be decisive today. Taking out 1.0665 activates a larger growth. The EUR/USD price is trading in the green at 1.0640 at the time of writing. The pair looks positive to recover some of the recent losses. However, the US dollar remains bullish, and further growth...

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The downside pressure remains high as the DXY is bullish. The lower median line stands as a dynamic support. New false breakdowns may announce an oversold. The EUR/USD price dropped to 1.0622 on Friday, registering a fresh multi-week low. After such a plummet, the buyers took the lead and corrected higher. The pair is located...

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