Recent content by Zerologic

Gold prices corrected after reaching a new all-time high of 2148, closing at 3113, lower than the open of 3120 and the low of 3100. Today there is high-impact news on ADP Non-Farm Employment Change

USD/CAD is volatile amid Trump's tariff policy Yesterday, the USDCAD pair drew a long-bodied bearish candle with a wick on the top of the candle. The price formed a high of 1.44148, a low of 1.42979, and a close of 1.42994. Previously, USDCAD drew a bullish candle with a body of almost the same...

Gold has shown an extraordinary performance. In the first quarter of this year, gold has recorded several new all-time highs. Yesterday, gold prices soared again to $3127 amid Trump's "Liberation Day" on April 2.

AUD/USD drops ahead of RBA rate announcement The AUDUSD currency pair depreciated ahead of the RBA rate announcement, the price has fallen drawing a long-bodied bearish candle across the lower band with a wick at the bottom of the candle. The price has formed a high of 0.63003 low of 0.62188...

Gold prices hit new record highs amid trade war fears On Friday, gold prices soared higher, extending gains by drawing a long-bodied bullish candle with almost no shadow. Prices formed a high of 3086, a low of 3054, and a close of 3084. Investors appear to still be fearful of the impact of the...

Surprisingly enough, the price of gold has reached 3060, it seems that this is driven by market fear because of Trump's new tariffs which threaten a 25% tariff on cars made outside the US, the impact of which is that countries such as Japan will immediately respond by retaliating against the...

Trump's tariffs threaten the auto industry, USD/CAD slightly up, seeking a new balance. The USDCAD pair drew a bullish candle yesterday, the Canadian dollar weakened amid US President Donald Trump's new tariff threat on cars manufactured outside the US to be subject to a 25% tariff. Trump's new...

Gold prices seem to still be in a consolidation phase, the market is still hesitant whether gold will rise higher or fall lower. Today, there is the release of US GDP data and Jobless Claims, but perhaps the market will focus more on the PCE index which will be released on Friday.

EUR/USD is more down ahead of US economic data Yesterday, EURUSD crossed the middle band line and drew a bearish candle extending the previous decline since March 19. The price formed a high of 1.08027, a low of 1.07440, and a close of 1.07537. The economic outlook in several European countries...

Although yesterday it went up drawing a bull's candle, gold is still in the previous price range, moving above the 3000 level, maybe this is the accumulation stage of gathering power before determining the real trend direction.

Waiting for UK inflation data, GBP/USD rose slightly above the middle band The GBPUSD pair has still been moving in the price range of 1.28705 - 1.30144 since March 11 between the middle band and the upper band line. Yesterday the pair drew a small-bodied bullish candle with a little shadow on...

There is no news relevant to gold on the economic calendar today. Yesterday gold price drew a bearish candle but is still above $3000, if it breaks below that maybe gold can find new support.

Gold prices still hold above $3000 Although yesterday the gold price drew a bearish candle, the gold price still holds above the $3000 price level. Yesterday the price drew a small-bodied bearish candle with movement within the previous candle price range. The price has formed a high of 3033, a...

Gold prices dropped at the end of last week, but remained within the $3000 range. The decline in gold prices was in line with the strengthening of the dollar index (DXY) which tracks the USD against six other major currencies.

GBP/USD slightly gapped at the opening of the market has been restored The GBPUSD pair fell at the end of the week as the USD strengthened. Two bearish candles reflect the weakening of the GBP against the USD. The price formed a high of 1.29849, a low of 1.28878, a close of 1.29109. At the...