Technical My Tips

Will gold prices (XAUUSD) rise amid a vulnerable geopolitical situation? - Gold prices rose on a weaker dollar, softer oil-driven inflation concerns, and persistent geopolitical uncertainty, which boosted safe-haven demand. - Lower oil prices eased inflation concerns and boosted rate-cut expectations, supporting gold prices via lower yields and a softer dollar. - Geopolitical headlines remain a key driver of gold prices, while markets turn to US retail sales, the Fed leadership hearing, and US PMI data, which could shift views on the economy and the dollar. - XAUUSD extended the rebound at a slower pace. The price is hovering around flattening EMAs, suggesting consolidation. However, the higher swings continue to support a bullish continuation bias. - If XAUUSD breaks above 4850, the price may retest the resistance at 5070. - Conversely, failure to break above 4850 may prompt the price to pull back toward the immediate support at 4600. Disclaimers: This is not investment advice. Past performance is not an indication of future results. Your capital is at risk; please trade responsibly. Trading is risky. Excess volatility increases risks further. Be cautious. As with all major geopolitical developments, price swings may be significant and fast-moving. Volatility may work against you as well as for you.

Weekly Recap - After the Middle East conflict briefly reached a ceasefire, the deal broke down and the Strait of Hormuz closed again, adding another layer of uncertainty to global energy markets. - Bitcoin prices (BTCUSD) closed above 75,000 USD (+3.62%). Ether prices (ETHUSD) strengthened above 2,350 USD (+2.86%). - Gold prices (XAUUSD) soared above 4,830 USD per troy ounce (+1.75%), while silver prices outperformed and approached 81.00 USD per troy ounce (+6.61%). - The US dollar index (DXY) weakened to nearly 98.20 (-0.48%). - Oil prices (USOIL) plunged below 83.50 USD per barrel (-7.58%). - US indices continued recovering, with the tech sector outperforming again by closing 6.12% higher than the previous week. - This week's focus turns to economic activity releases in the US and the UK, alongside the UK inflation data release, which may provide more signals for market participants. Announcements Tue - US Retail Sales (MoM) (Mar), US Core Retail Sales (MoM) (Mar) Wed- UK CPI (YoY) (Mar), US Crude Oil Inventories Thu - US Initial Jobless Claims, US S&P Global Services PMI (Apr), US S&P Global Manufacturing PMI  (Apr) Disclaimers: This is not investment advice. Past performance is not an indication of future results. Your capital is at risk, please trade responsibly. Trading is risky. Excess volatility increases risks further. Be cautious. As with all major economic releases, there could be significant price volatility with this type of announcement. Volatility may work against you as well as for you.

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🅰🔠🔡🆎 ➡💶➡ EURUSD soars. Is the euro on track for more gains? More details below EURUSD has been climbing steadily, and today marks the euro's ninth consecutive day of gains. But what's driving this impressive rally? Discover in our breakdown 💙 🪙 Key takeaways

• Events. The euro continued its upward momentum, recently holding above 1.1800—its highest level since March 🚀 This trend has been driven by a reduction in safe-haven demand for the dollar after geopolitical tensions between the U.S. and Iran started easing. • Background. Optimism about a potential U.S.–Iran deal is boosting market sentiment, and the European Central Bank's (ECB) stance on interest rates is contributing to the euro's strength. Traders expect future rate hikes, further enhancing the euro's appeal 💶 • Possible outcome. If peace talks progress and the ECB stays on its current path, the euro could maintain its upward momentum. However, any disruption in diplomatic negotiations could reignite demand for the dollar, pushing EURUSD lower.

🪙 Tip for traders Watch closely for news on the U.S.–Iran situation and updates on ECB monetary policy 📊 These factors could influence the euro's momentum. Use key levels like 1.1700 as important support zones in case of unexpected market shifts. Sign Up Now 💥 https://bit.ly/attocta

Chart: GBPJPY, D1, Bullish After breaking the Symmetrical Triangle pattern, GBPJPY rose and also broke the previous swing high. The price is above diverging bullish EMAs, indicating a potential uptrend extension. If GBPJPY remains above 214.00, the price may rise toward the 127.20% Fibonacci Extension at around 217.37. Conversely, a close below 214.00 may prompt a retest of the EMA21.

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🅰🔠🔡🆎 ➡➡ Yen strengthens as oil prices fall and negotiations stir hope. What to expect? USDJPY has come under pressure as the yen strengthens, trading near 158.9 per dollar after a recent rebound. Can the yen maintain this momentum, or will geopolitical uncertainty push it back down? Discover our analysts' insights below 💙 🪙 Key takeaways

• Events. The yen is rising after rebounding from the 160 zone, driven by lower oil prices and positive expectations around U.S.–Iran negotiations 🛢 These factors are easing inflation concerns and improving market sentiment. • Background. Lower oil prices have reduced the risk of an energy shock for Japan. The U.S. dollar has stabilised after a seven-day decline, limiting further downside in USDJPY 💲 The focus is now on upcoming Japanese inflation data. • Possible outcome. In the short term, USDJPY could continue to hover between 158 and 159, with 160 as a key resistance level. Geopolitical developments and oil prices will continue to be major drivers of the pair.

🪙 Tip for traders Monitor oil price movements and updates on U.S.–Iran negotiations, as they directly influence the yen 📊 The upcoming Japanese inflation data could also provide important clues about the future direction of the yen.

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