Following up from yesterday's update, Are Bulls Teasing Bears? - Ending Diagonal Scenario:
The first impulse might have completed at the highs of 2475, suggesting the initial leg of the move that began at 2420 has peaked. If the key support level of 2460 is breached on the downside, it could confirm the completion of this initial impulse.
If Gold holds the key support levels at 2450 and 2440, the yellow metal could maintain a positive bias and potentially push towards the all-time high of 2500+. Once these key supports at 2450 and 2440 are held, the bullish momentum could continue.
The information provided by WaveTalks is for educational and informational purposes only. We are not responsible for any investment decisions made based on our analysis. Trading and investing involve substantial risk, and you should consult your financial advisor before making any investment decisions.
Recommended Content
Editors’ Picks
EUR/USD bounces off lows, back near 1.1330
EUR/USD meets daily support around the 1.1300 neighbourhood, managing to regain pace and revisit the 1.1330 region. Sentiment turned after President Trump proposed a “straight 50% tariff” on European imports, undermining the pair’s bullish momentum.
GBP/USD eases from tops, revisits the 1.3500 zone
GBP/USD benefits from broad US Dollar weakness, climbing to its highest level since February 2022 past 1.3500 at the end of the week. UK retail sales data surprised to the upside in April, lending extra wings to the quid.
Gold keeps the bullish tone near $3,350
Gold extends its weekly advance, trading around $3,350 per troy ounce on Friday. The rally in XAU/USD is driven by broad-based weakness in the Greenback, particulalry after President Trump’s threat to impose 50% tariffs on European imports.
Apple stock sinks below $200 after Trump threatens more tariffs Premium
Trump grows irate at Apple's move into India. President claims Apple must produce US-sold iPhone in US or face a 25% tariff. US equity futures slip more than 1% in Friday premarket after Trump threatens the EU with a 50% tariff.
Ripple Price Prediction: Whale accumulation sparks hope as rising exchange reserves signal caution
XRP sustains mid-week recovery as XRP/BTC flashes golden cross for the first time since 2017. Large volume holders increase XRP exposure, indicating rising demand and investor confidence.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.