Pakistan Gold price today: Gold rises

Gold prices rose in Pakistan on Thursday

Sentiment is: Positive

Technical Analysis

XAU/USD is approaching a resistance line at 2355.6001. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.

XAU/USD - getting close to psychological price line

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EUR/USD penned in as traders await US CPI

EUR/USD trades penned in

Sentiment is: Neutral

Technical Analysis

EUR/USD is heading towards the resistance line of a Rising Wedge and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

A potential bullish movement on EUR/USD

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GBP/USD Price Analysis: Pound Sterling looks vulnerable whilst below 1.2665

The Pound Sterling (GBP) Is trading on the back foot against the US Dollar (USD)

Sentiment is: Negative

Technical Analysis

GBP/USD is trapped in a Inverse Head and Shoulders formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start of a new trend. It may also be that this convergence factor may result in the ideal setup for swing traders that are on the lookout for a possible bounce-back. Whatever happens, an initial move towards 1.2692 is expected in the short term.

Should we expect a breakout or a rebound on GBP/USD?

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GBP/JPY Price Analysis: Pound’s recovery is expected to find resistance at 190.75

GBP/JPY Price Analysis: Pound’s recovery is expected to find resistance at 190.75

Sentiment is: Negative

Technical Analysis

GBP/JPY is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 191.2570, unless it runs out of momentum and pulls back to current levels.

GBP/JPY approaching important level of 191.2570

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Market Sentiment: Gold’s Bullish Outlook Intact; AUD/USD

This article meticulously examines retail sentiment on gold

Sentiment is: Positive

Technical Analysis

AUD/USD is heading towards the support line of a Channel Down and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

Will AUD/USD have enough momentum to break support?

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