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The yen is rising amid an unexpectedly mild economic slowdown in Japan
Japan's GDP contracted by 0.2% year-on-year in the first quarter, less than expected. The quarterly figure remained unchanged, easing recession fears and causing the yen to rise: USDJPY fell to 144.20
Improved consumption and stable inflation have reignited talk of a possible rate hike by the Bank of Japan, with the market beginning to price in the likelihood of such a move by the end of 2025. However, the economy remains weak and the recovery is still fragile
The yen is rising amid an unexpectedly mild economic slowdown in Japan
Japan's GDP contracted by 0.2% year-on-year in the first quarter, less than expected. The quarterly figure remained unchanged, easing recession fears and causing the yen to rise: USDJPY fell to 144.20
The yen is rising amid an unexpectedly mild economic slowdown in Japan
Japan's GDP contracted by 0.2% year-on-year in the first quarter, less than expected. The quarterly figure remained unchanged, easing recession fears and causing the yen to rise: USDJPY fell to 144.20
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Find your trading edge, then work on your psychology.
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You don't see a casino hiring psychologists, do you?
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#VietnamFx#XAUUSD#eurjpy
- Expert analysis and sophisticated market insights
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Join our exclusive community today and leverage our expertise to elevate your wealth.
#VietnamFx#XAUUSD#eurjpy
Welcome to Fx-Sect, your esteemed partner in Forex, Stocks, and Crypto trading and investment.
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A false breakdown of support could trigger growth to intermediate resistance or to the upper border of the channel.
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π Leave a comment ( link ) β‘οΈGold trading strategy
https://t.co/VoRXOwVk5D
A false breakdown will trigger a price buyback.
Resistance levels: 3322
Support levels: 3282, 3265
Since the price is still within the range and a countertrend correction is forming in the market, in our case, it is worth considering an intraband trading strategy.
A false breakdown will trigger a price buyback.
Resistance levels: 3322
Support levels: 3282, 3265
Since the price is still within the range and a countertrend correction is forming in the market, in our case, it is worth considering an intraband trading strategy.
Investors remain interested in gold as a safe haven asset amid geopolitical risks and declining demand for US assets.
Against the backdrop of the dollar's growth, gold is entering a correction phase. At the moment, all attention is on support and the liquidity zone of 3265.
Investors remain interested in gold as a safe haven asset amid geopolitical risks and declining demand for US assets.
Against the backdrop of the dollar's growth, gold is entering a correction phase. At the moment, all attention is on support and the liquidity zone of 3265.
Gold is consolidating, but since the opening of the session, the price has been heading towards support. Against the backdrop of an upward trend, a trigger for bearish liquidity is likely to form before growth.
Gold is consolidating, but since the opening of the session, the price has been heading towards support. Against the backdrop of an upward trend, a trigger for bearish liquidity is likely to form before growth.
π Ideas For #XAUUSD / #GOLD
π Correction before possible growth
βββββββββββββββ
GOLD entered a liquidation phase (rally) within the trading range at the opening of the session. The dollar's rise is to blame. The focus is on supporting consolidation...
https://t.co/VoRXOwVk5D
π Ideas For #XAUUSD / #GOLD
π Correction before possible growth
βββββββββββββββ
GOLD entered a liquidation phase (rally) within the trading range at the opening of the session. The dollar's rise is to blame. The focus is on supporting consolidation...
https://t.co/VoRXOwVk5D
If the price does trade above the resistance, shorts will get squeezed, and breakout traders will hop on the bandwagon.
Thatβs why price trend for a sustained period of time, due to the imbalance of buying/selling pressure.
The longer it ranges the harder it trends
If you notice the price has been ranging for a long time, youβre not alone.
Traders all around the world will be seeing the same charts as you.
Some will be queuing to short the resistance, and some will be trading the breakout.