Forex Tips Providers | Live Forex Signals | Comex Signals

 📕 Comment on Gold on May 31, 2022:  - Currently, precious metal  Gold  does not have too much volatility, moving sideways in the range of 1845-1863.  Closing yesterday's session Gold ended with a green candle around 1855. This candle hasn't reflected much but we can see that the downward pressure is quite weak and the uptrend is still preferred.  - My personal opinion will wait to buy when Gold has 1 more downtrend.  The expected price area to be able to establish a buy position is around 1835-1840.  If in today's session, gold has a downward beat, this is an ideal price area for us to establish a buy position with a safe target around 1855.

 📕 Comment on  Gold  on May 30, 2022:  - Last trading week, precious metal Gold did not have much change when it increased sharply to 1867 in the first session of the week and then corrected down in the following days.  Closing the weekly candle with a bullish candle and the downward correction was not too much so my personal opinion is still to prioritize the bullish option of Gold at the beginning of this week's trading session.  - On the shorter-term timeframe H4 we can see a relatively good support area for Gold around 1845-1848.  This is also the area where the Gold price reacts to bounce back when it drops here.  Investors can refer to Buy when the price drops around the upper support level with a small safe target below 1867.

  📕 Comment on  Gold  on May 27, 2022:  - After testing the price zone "1841" once again, precious metal Gold rebounded, closing yesterday's session around 1850. Looking at the daily candles of the last 2 trading sessions, we have  It can be seen that Gold always shows a good buying force when touching the support price area of ​​1841, represented by 2 candles that have dropped but retreated a lot.  Therefore, my personal opinion has not changed from yesterday, which is to continue to prioritize buying with this precious metal.  - On the H4 chart, Gold is currently facing a "slight resistance" around 1855. If ace bought in at a low price, it can liquidate part of the order and continue to consider buying when Gold drops slightly.  The safe profit taking target for this rally is.  below the threshold of 1867.

  EUR/USD   is hovering around 1.0700 and is expected to establish above the same amid a broadly subdued US dollar index (DXY). EUR bulls are swiftly scaling higher after the less hawkish Fed minutes downed the US dollar. Focus on US GDP and PCE inflation.  EUR/USD pares intraday gains around 1.0700 while stepping back from an immediate resistance line. In doing so, the major currency pair reverses the previous day’s pullback from the monthly high during Thursday’s Asian session. Although a downward sloping trend line from Tuesday restricts the nearby EUR/USD upside around 1.0710, the quote’s ability to stay firmer past the 100-HMA and the 200-HMA keeps the buyers hopeful of overcoming the nearby hurdle. Also favoring the upside bias is a one-week-old ascending trend line and the bullish MACD signals, not to forget firmer RSI (14). Bolstered rate hike expectations by the European Central Bank (ECB) have underpinned the euro against the greenback. Inflation is affecti...

EUR/USD has extended its daily rally and reached its highest level in nearly a week above 1.0550. Hawkish comments from ECB policymaker Klaas Knot and the broad-based dollar weakness in the risk-positive environment continue to fuel the pair's upside as focus shifts to US data.   The Relative Strength Index (RSI) indicator on the four-hour  chart   stays below 70 while holding above 50, suggesting that the pair has more room on the upside before turning technically overbought.  On the upside, 1.0480 (50-period SMA, Fibonacci 50% retracement of the latest decline) aligns as initial resistance. In case this level turns into support, 1.0500 (psychological level, Fibonacci 61.8% retracement) and 1.0530 (100-period SMA) could be seen as the next recovery targets. Supports are located at 1.0450 (Fibonacci 38.2% retracement), 1.0420 (Fibonacci 23.6% retracement) and 1.0400 (psychological level).

  Russian President Vladimir Putin said on Monday that the expansion of NATO is a problem and it is in the interests of the USA , reported Reuters. Russia has no problems with Finland and Sweden, he continued, but Russia will react to the expansion of military infrastructure in these countries. Putin added that Russia needs to pay additional attention to NATO plans to increase its global influence.  Finland and Sweden both announced their commitment to applying for NATO membership over the weekend and most NATO nations have come out in support. 

  EUR/GBP gained some positive traction on Tuesday and inched back closer to the YTD peak. The BoE’s gloomy economic outlook continued weighing on sterling and acted as a tailwind. Concerns about looming recession undermined the euro and capped any meaningful upside. The EUR/GBP cross held on to its modest intraday gains, around the 0.8570 region through the first half of the European session and had a rather muted reaction to the German data. The cross attracted some dip-buying near the 0.8545 zone on Tuesday and has now moved well within the striking distance of the YTD peak touched last week. The Bank of England's warning last week, saying that the economy was at the risk of a recession, suggested that the current rate hike cycle could be nearing a pause. This was seen as a key factor behind the British pound's relative outperformance and acted as a tailwind for the EUR/GBP cross. That said, concerns that the European economy will suffer the most from the Ukraine crisis hel...