Monday 5th June 2023: Technical Outlook and Review
The XAU/USD chart currently exhibits a bullish momentum, with the price above a major ascending trend line. This implies that there's potential for further upward movements. In this bullish context, the price could potentially continue its upward trend towards the first resistance level.
Tuen Ng Festival Trading Schedule – 2023
Dear Trader, Please find our updated Trading schedule for the Tuen Ng Festival Holiday trading schedule on Thursday June, 22nd June 2023. Times mentioned below are Platform time (GMT +3).
Sweden – Midsummer’s Eve Holiday Trading Schedule 2023
Dear Trader, Please find our updated Trading schedule for Midsummer's Eve on Friday, 23rd June 2023. Times mentioned below are Platform time (GMT +3).
South Africa’s Youth Day Trading Schedule – 2023
Dear Trader, Please find our updated Trading schedule for South Africa's Youth Day on Friday, 16th June 2023. Times mentioned below are Platform time (GMT +3).
King’s Birthday Holiday Trading Schedule 2023
Please find our updated Trading schedule for the King's Birthday Holiday in Australia on Monday, 12th June 2023. Times mentioned below are Platform time (GMT +3).
Swedish National Day Trading Schedule – 2023
Dear Trader, Please find our updated Trading schedule for the Swedish National day Holiday on Tuesday, 06th June 2023
Thursday 1st June 2023: Technical Outlook and Review
The XAU/USD (Gold/US Dollar) chart currently shows a bullish momentum, indicating a potential continuation of the upward trend. Despite the presence of a major descending trend line, suggesting possible bearish momentum, the overall bullish momentum in the chart suggests a potential bullish continuation towards the first resistance level.
Wednesday 31th May 2023: Technical Outlook and Review
The Dollar Index (DXY) currently shows bullish momentum with potential for a bullish breakthrough of the first resistance, possibly rising to the second resistance. The first support level is at 103.50, serving as an overlap support.
Tuesday 30th May 2023: Technical Outlook and Review
The DXY chart currently displays a weak bearish momentum, although with low confidence. The potential factors contributing to this momentum are the possibility of the price breaking below an ascending trendline, which could trigger a bearish continuation towards the first support level.
