Monthly Archives: May 2025
41654156156Chart the Market (06/05/2025)
Written on May 6, 2025 at 6:11 am, by pumarketings
GBPJPY The GBP/JPY pair has broken below its previous support at 191.60, which now acts as a key resistance level. This breakdown was confirmed with increasing bearish momentum on the MACD, while the RSI sits at 44, staying below the midline, suggesting continued bearish pressure. Based on the Fibonacci retracement, the next immediate support liesContinue Reading
Chart the Market (06/05/2025)
Written on May 6, 2025 at 6:01 am, by pumarketings
XAUUSD Gold posted a structural breakout after surging above the critical $3,275 level, gaining over 2% and reinforcing a bullish bias. The precious metal found firm support near its long-term uptrend base around $3,200, indicating the broader bullish trajectory remains intact. Momentum indicators point to further upside, with the RSI climbing toward overbought territory andContinue Reading
Dollar Dips, Gold Rallies on U.S.-Taiwan Risk
Written on May 6, 2025 at 5:44 am, by pumarketings
Market Summary Markets were mixed Monday as geopolitical tensions weighed on sentiment. The U.S. dollar index (DXY) dipped below 100.00 after initial optimism over U.S.-China trade talks faded. Reports of deepening U.S.-Taiwan ties raised fears of Chinese retaliation, clouding the outlook and muting expectations for near-term Fed rate cuts amid persistent inflation. Gold surged overContinue Reading
