Monthly Archives: May 2025
Chart the Market (09/05/2025)
Written on May 9, 2025 at 7:15 am, by
XAUUSD, H4: Gold prices surged at the start of the week, breaking above previous resistance near the $3,350 level and briefly touching all-time highs around $3,490. However, the rally quickly lost steam as a shift in market sentiment—driven by underlying fundamentals—triggered a sharp pullback. The subsequent decline erased earlier gains and signaled a bearish reversal,Continue Reading
Wall Street Extends Rally on UK-U.S. Trade Deal Optimism
Written on May 9, 2025 at 7:13 am, by
Key Takeaways: *U.S.-UK trade deals boost sentiment in Wall Street. *U.S. Initial Jobless Claims came soft, harming Wall Street risk appetite. All three major U.S. equity indices—Dow Jones, Nasdaq, and the S&P 500—closed higher in the latest session, continuing their upward trajectory. However, signs of waning momentum suggest the rally may be approaching a near-termContinue Reading
Chart the Market (08/05/2025)
Written on May 8, 2025 at 11:50 pm, by
GOLD_, H1: Gold prices are trending lower after a decisive breakout below both the short- and long-term moving average (MA) lines, suggesting increasing bearish pressure. The price is currently approaching the key support level at 3365.00. The MACD is showing rising bearish momentum, and the RSI is at 46, reinforcing a bearish bias as itContinue Reading
