Technical My Tips

Gold prices advanced due to concerns over the increased US Continuing Jobless Claims. XAUUSD sustains the uptrend with slower momentum. Breaking above 3400 could lead to a retest of the next resistance at 3435. #XAUUSD #Labor

GBPUSD climbed on the MPC’s split vote and cautious tone, testing resistance at 1.3450 near the descending trendline. A breakout may target 1.3510 and beyond. Will policy clarity drive a sustained break? #GBPUSD #MPC #BOE

Traders move fast. So should your money. With Exness, over 98% of withdrawals are instant, processed with no manual intervention. No waiting. No hidden fees. Just seamless access to your capital. Trade with the broker that doesn't keep you waiting. #BorntoTrade #Exness

#economic_calendar This event may affect the market on 8 August.

ETHUSD, daily chart ETHUSD rebounded above EMA21 and the ascending channel's breakout zone. The price remains in an uptrend, with higher swings and a widening gap between the bullish EMAs. If ETHUSD sustains its bullish momentum, the price could approach the psychological resistance at 4000. Conversely, a break below the support at 3300 and returning within the channel could prompt a deeper retracement toward the following support at 2850.

Start trading with the XM App and trade on-the-go anytime, anywhere. 💪🎯 📱 From gold to forex and over 1400 instruments, the XM App offers a superior trading environment that puts traders in the best position to profit. Download XM App now : #XM #XMIndia #XMApp #ForexTrading #OnlineTrading #ForexApp

ETHUSD, daily chart ETHUSD rebounded above EMA21 and the ascending channel's breakout zone. The price remains in an uptrend, with higher swings and a widening gap between the bullish EMAs. If ETHUSD sustains its bullish momentum, the price could approach the psychological resistance at 4000. Conversely, a break below the support at 3300 and returning within the channel could prompt a deeper retracement toward the following support at 2850.

OPEC+ has announced a production boost of 547,000 barrels per day. And here’s where the law of supply and demand comes into play: 📈 More Production → More Supply → 📉 Lower Prices This surge in output means more oil flooding the global market, which could put long-term downward pressure on prices. 💡 Traders, keep your eyes on the charts—this could shape the next big move in crude oil.

Attention GBP traders, UK stock investors, and anyone following the British economy – brace yourselves. This week could be the most decisive for the pound in 2025. 📉 Expected Rate Cut: The Bank of England is widely anticipated to lower the Official Bank Rate from 4.25% to 4.00% – a 0.25% drop – this Thursday at 11:00 a.m. GMT. 💬 The announcement will coincide with a press briefing revealing the latest monetary policy outlook. ⚠️ A rate cut could send the pound sliding against other major currencies, creating both opportunities and risks for traders. 📊 Be ready – market volatility is coming.

#economic_calendar These events may affect the market on 7 August.

Bullish and Bearish sectors of the day! Which of these companies not belongs to the IT sector? • Tech Mahindra 😎 • HCL Tech 😂 • LTIMindtree ❤️ • Havells 😅

#economic_calendar This event may affect the market on 6 August.