Monthly Archives: May 2025
41654156156Chart 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
Chart the Market (05/05/2025)
Written on May 5, 2025 at 6:14 am, by pumarketings
Hang Seng Index: The Hang Seng Index is trading higher and approaching a critical resistance zone. The MACD shows strengthening bullish momentum, while the RSI stands at 57, indicating a tilt toward bullish bias as it continues to stay above the midline. From a technical pattern perspective, there’s potential for a double top formation. ToContinue Reading
