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Commodities

China Concerns Hurting Copper Rally

Copper Stalling on Weak China DataOn the back of the strong rally we’ve seen recently, copper prices are stalling on Thursday as traders digest the latest data weakness out of China. The October...

XAU/USD Day I Potential bearish reversal?

TitleXAU/USD Day I Potential bearish reversal?TypeBearish ReversalPreference:The price is rising toward our pivot point of 2051.08, which serves as a multi-swing resistance level that aligns with the...

Copper And EUR/USD: Bearish Outlook

The price of copper rebounded from the supporting level of 3.5500 and approached the downtrend. The price of this asset managed to break the downtrend. However, it doesn’t hold the position well, so...

US Dollar Under Pressure: Analyzing the Impact of the Fed Statements

The statements made by the Fed officials on Tuesday prompted a mild sell-off of the dollar. At the beginning of Wednesday, the US Dollar Index (DXY) tested the 102.50 area, but during the day, it...

Gold Testing All-Time Highs Ahead of US GDP

US GDP in FocusThe first look at Q3 US GDP rolls in today and markets are looking for a 5% reading, up from 4.9% in the prior quarter. On the back of the volatility we’ve seen in USD this week, and...

XAU/USD H4 I Falling toward support level?

TitleXAU/USD H4 I Falling toward support level?TypeBearish DropPreference:The price is currently at our pivot point of 2015.69, which serves as a multi-swing resistance level. A reverse from this...

Silver Rally Approaching Key Resistance Level

Weak USD Supporting SilverThe silver market continues to rally today with silver futures on track for their best month since March, currently up more than 14% from the month’s lows and more than 20%...

Crude Under Pressure Ahead of OPEC+ Meeting

Crude Lower on MondayOil prices are under pressure on Monday as traders brace for the latest OPEC+ meeting later this week. The cartel and associated allies are widely expected to extend and/or deepen...

Brent Oil Analysis: Potential Price Rise Ahead

As can be seen from the 4-hour time frame, Brent oil is forming the inverse head and shoulders pattern and might have to face resistance at the level of 90 anytime soon. Should the price of this asset...