Precious metals weakness led by silver

Precious metals continue to struggle with rising bond yields a stronger dollar and bouncing stocks further reducing demand for diversification. While gold earlier in the week showed signs of resisting the latest rise in US Treasury yields, both metals led by silver have struggled to put a defense against the...

CADJPY bullish momentum | 30th Sep 2021

Price broke the descending trendline resistance (now support) signifying a bullish momentum. We can expect price to bounce from pivot level in line with 50% Fibonacci retracement towards the take profit level in line with 61.8% Fibonacci Projection . Our bullish bias is further supported by the RSI indicator abiding...

XAUUSD Bearish Momentum | 30thSept

Price is currently trading is a descending trend line and can potentially reach the resistance of the trend line at price 1743.42 in line with Fibonacci level of 127.2. Price can potentially bounce from the resistance level back to its take profit level of 1721.69 with 78.6% Fibonacci extension level....