Monthly Archives: June 2026
41654156156Chart the Market (04/06/2026)
Written on June 4, 2026 at 7:37 am, by pumarketings
XAUUSD, H4: Gold was unable to break above the key short-term resistance level near $4,590, with repeated rejections from this zone indicating that buying momentum remains insufficient to sustain a stronger recovery. Following the rejection, the latest price action has developed into a lower-high pattern, suggesting that bearish pressure continues to dominate the market. TheContinue Reading
Oil Gains as U.S.–Iran Conflict Escalates and Hormuz Risks Persist
Written on June 4, 2026 at 6:12 am, by pumarketings
Key Takeaways: *U.S.–Iran tensions intensify as renewed military actions weaken ceasefire prospects *Strait of Hormuz disruption remains the key driver for crude oil prices *Higher energy prices raise global inflation risks and support tighter policy expectations Market Summary: Global market sentiment remained cautious as tensions between the United States and Iran continued to escalate, withContinue Reading
Dollar Strengthens on Strong Labor Data; Gold Pressured by Higher Yields
Written on June 4, 2026 at 6:09 am, by pumarketings
Key Takeaways: *US dollar remains supported by strong labor data and rising Treasury yields *Higher oil prices continue to fuel inflation concerns *Fed officials maintain focus on returning inflation to the 2% target Market Summary: The U.S. Dollar Index continued to strengthen and remained near key resistance levels, supported by a combination of rising oilContinue Reading
