The Gold price (XAU/USD) is currently facing renewed selling pressure, eroding part of the strong rebound witnessed on Thursday. Despite recovering from the $3,120 region — the lowest level since April 10 — the price struggles to build on this momentum during Friday’s Asian session, hovering near the 200-period Simple Moving Average (SMA) on the 4-hour chart (H4). The recent Tandexo publication sheds light on the key aspects of this matter. Trade Optimism Limits Safe-Haven Appeal The recent US-China trade truce, which includes a 90-day tariff pause, has injected a sense of optimism into global markets. This risk-on sentiment is...

The silver market (XAG/USD) is witnessing a modest retreat during Friday’s Asian trading session, with the metal currently hovering near $32.50. This follows a brief rally in the previous session, and the pullback is primarily attributed to geopolitical tensions stemming from a report that the US Administration plans to expand its export blacklist, targeting several Chinese semiconductor firms.  These firms are expected to be added to the US Department of Commerce’s Entity List, curbing their access to advanced American technologies. An expert-level review of this topic is presented by Tandexo brokers in this publication. Geopolitical Tensions Pressure Silver Silver, while...

The USD/CHF currency pair continues to draw attention as it approaches critical resistance levels, suggesting the potential for a shift in market sentiment. Friday’s trading session showed a distinct back-and-forth motion, yet there was a persistent pressure on resistance, signaling that buying pressure may be building.  The 0.8350 level has become a key technical zone to watch. A decisive breakout above this level could pave the way for a more aggressive bullish move, potentially targeting higher resistance thresholds. Monovex professionals delve deeply into this topic in their article. Oversold Conditions in the US Dollar From a broader perspective, the US...

The EUR/USD exchange rate has shown signs of volatility, pulling back from its year-to-date high of 1.1570 to hover around 1.1250 in the latest sessions. This movement reflects a confluence of fundamental pressures, notably from US macroeconomic data and European Central Bank (ECB) guidance, as well as technical factors that suggest a potential rebound from key support zones.  The article from Monovex provides a well-rounded assessment of this matter. US Dollar Weakness and Market Sentiment The US Dollar Index (DXY) softened this week as traders exercised caution ahead of key economic releases from the United States. Two events are of...

The GBP/USD currency pair has captured traders’ attention following a crucial US-UK trade agreement and the emergence of bullish technical patterns. As of Monday, the pair was trading at 1.3300, just below the resistance level of 1.3445, corresponding to the upper edge of a cup and handle pattern.  This formation, together with a developing bullish pennant, points to a potential upside breakout. However, the outlook remains dependent on upcoming economic data from the US and UK, particularly related to inflation, GDP, and labor markets. This subject is extensively covered by Monovex brokers in their published article. Trade Deal Triggers Speculative...