Divergence trading is a method where traders compare price movement with indicators like RSI or MACD to understand what the market may do next. When price and the indicator move in different directions, it often signals that momentum is changing. This can help traders spot possible trend reversals or trend continuation opportunities before they become obvious on the chart. There are two main types of divergence. Regular divergence usually appears when a trend is losing

Upcoming US inflation data such as CPI and core PCE could decide the next move in gold. If inflation comes in higher than expected, yields may rise and gold could fall. If inflation is weaker than expected, yields may drop and gold could move higher. At the same time, developments around the US–Iran ceasefire are still important and can influence market direction. From a technical view, gold is currently trading in a clear range between $4700 support and $4800 to $4850 resist

Comments from Donald Trump about suspending possible military action against Iran have reduced safe-haven demand for the US dollar. EUR/USD has moved strongly higher and is now trading around 1.1680, well above the earlier rectangle breakout zone near 1.1550. The upside move has been supported mainly by de-escalation hopes in the Iran conflict, which weakened the US dollar across major currency pairs and helped strengthen the euro. Technically, the breakout above the rectangl

USD has weakened after de-escalation signals in the Middle East, including comments from Donald Trump about suspending possible military action against Iran. This reduced safe-haven demand for the US dollar across major pairs and helped push USD/JPY lower. Importantly, the move happened without intervention from the Bank of Japan, showing the decline was mainly driven by improving market sentiment rather than policy action. Technically,USD/JPY has dropped sharply to around 15

GBP/USD is under pressure near 1.3220 as a stronger US dollar and rising risk aversion continue to weigh on the pair. Higher oil prices linked to tensions around the Strait of Hormuz have pushed US Treasury yields higher and strengthened expectations that the Federal Reserve will keep interest rates higher for longer, supporting the dollar. Sterling remains weak despite a more cautious tone from the Bank of England. Policymakers are moving toward a wait-and-see approach as en

Harmonic price patterns are technical trading patterns that use Fibonacci retracement levels to find possible turning points in the market. These patterns help traders understand where price may reverse or continue after a correction inside a trend. Instead of guessing entries, harmonic patterns give a structured way to identify high-probability trade zones. These patterns work best when markets move in waves. Price moves forward, pulls back, and then continues again. Harmon

The US dollar still looks supported mainly because of the strong move in USD/JPY. The 160.00 level remains a key focus, as traders believe the Bank of Japan and the Ministry of Finance of Japan could step in if the yen weakens too much. A similar intervention happened in 2024 near this level and helped stabilise the yen, partly supported by softer US inflation data at that time. However, there is also a risk that authorities may allow the pair to move higher, just like in 202

Introduction to Elliott Wave Theory Elliott Wave Theory explains that markets do not move randomly. Instead, price moves in repeating wave patterns driven by trader psychology. These patterns help traders identify where trends may continue and where reversals are more likely to happen. The main structure of the market follows a 5-wave move in the trend direction and a 3-wave correction against it . Impulse Waves Impulse waves move with the main trend and consist of five wa

Gold rose about 4% over the week, even though it dropped around 1.7% on Friday. The outlook now depends heavily on developments in the Iran conflict, especially after Trump gave Iran 48 hours to make a deal or reopen the Strait of Hormuz. Even though geopolitical risks usually support gold, the recent strength in the US dollar and rising bond yields are limiting upside. Higher oil prices are increasing inflation concerns, which keeps expectations of higher interest rates for

EUR/USD has broken above the rectangle pattern. Today's expectation of a probable 45-day ceasefire of the war in Iran is adding more strength to bulls, as energy seems to be the driving factor for EUR/USD currently. The price is broken above the 1.1550 area. On the upside, the next target is near 1.1628, with further resistance near 1.1675 (200-day SMA). On the downside, 1.1510 remains near-term support, which is also the lower line of the rectangle. A weekly close below this