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Gold Forecast: Struggles At Resistance Barrier
Article By:
Christopher Lewis
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Friday, May 17, 2024 3:55 AM EDT
Gold has pulled back from the crucial $2,400 level during trading on Thursday, which is an area that has been important multiple times.
In this article: GLD
Euro Consolidates After Hitting Channel Resistance
Article By:
ForexCycle
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Friday, May 17, 2024 3:20 AM EDT
The EURUSD currency pair has failed to break above the top of the rising price channel visible on the 4-hour chart, pulling back from the 1.0894 high.
Natural Gas Enthusiasts Rejoice: Long-Term Sinewave Continues To Perform
Article By:
Tim Knight
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Friday, May 17, 2024 2:40 AM EDT
I know a lot of folks here are ga-ga over natural gas. I am so delighted to see that its long-term sinewave, which I’ve talked about off and on for the past year, continues to perform.
In this article: UNG
Gold Price Gains Ground, With Fed Speakers In Focus
Article By:
Lallalit Srijandorn
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Friday, May 17, 2024 1:20 AM EDT
The gold price trades with a positive bias on Friday. The bullish move of precious metals in the previous sessions was bolstered by the softer-than-expected US inflation data in April, which triggered hope for rate cuts from the US Federal Reserve.
Elliott Wave Technical Analysis: Bitcoin/USD Crypto Price News
Article By:
Peter Mathers
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Friday, May 17, 2024 1:00 AM EDT
Overall, Bitcoin is still in an uptrend, but it is currently in a correction phase of the fourth wave, which appears to be complete. Therefore, it is an opportunity to rejoin the trend. Look for opportunities to open long positions.
USD/JPY Climbs To Near 156.00 As BoJ Maintains Bond-Buying
Article By:
Akhtar Faruqui
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Friday, May 17, 2024 12:40 AM EDT
USD/JPY rose to near 155.90 during the Asian session on Friday as the Japanese Yen (JPY) encountered renewed pressure.
This Bull Trap Could Make Us A Fortune On Friday
Video By:
Joseph James
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Friday, May 17, 2024 12:20 AM EDT
Markets are finally pulling back off recent highs…And this Rotation Pattern tells us this BULL TRAP might be our biggest win of the month!
Elliott Wave Expects Silver Pullback To Find Support
Article By:
Elliottwave Forecast
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Friday, May 17, 2024 12:00 AM EDT
Short-term Elliott Wave in Silver (XAGUSD) suggests the metal rallies in an impulsive structure from 10.3.2023 low. Up from there, wave (1) ended at 25.91, and a dip in wave (2) ended at 21.94.
EUR/USD Slipped On Thursday After Greenback Pares Some Losses
Article By:
Joshua Gibson
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Thursday, May 16, 2024 10:20 PM EDT
EUR/USD eased slightly on Thursday, falling back below 1.0880 as the Greenback broadly recovers losses from earlier in the week.
Elliott Wave Technical Analysis: S&P 500/ASX 200 Indices
Article By:
Peter Mathers
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Thursday, May 16, 2024 10:11 PM EDT
The analysis highlights an impulsive mode, indicating that the market is currently in a strong directional movement.
In this article: SPX
AUD/USD Falls Amid Highs US Yields, Fed’s Tough Stance
Article By:
Christian Borjon Valencia
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Thursday, May 16, 2024 9:40 PM EDT
The Australian Dollar posted losses of 0.23% against the US Dollar on Thursday amid higher US yields that underpinned the Greenback during the day. Wall Street hit new all-time highs but retreated afterward, ending the session with losses.
Cooler Data Striking A Favourable Chord?
Article By:
Stephen Innes
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Thursday, May 16, 2024 9:20 PM EDT
Cooler inflation data and robust corporate earnings had initially supported the market's upward momentum. Perhaps we need some even cooler data to move the rate-cut needles for November or July.