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Stock market analytics, financial forecasts

Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Technical Analysis of Intraday Price Movement of Gold Commodity Instrument, Monday May 05, 2025.
02:23 2025-05-05 UTC--4
Exchange Rates analysis

With the appearance of the Failing Wedge pattern on the 4-hour chart, it gives an indication that in the near future it has the potential to go to the level of 3297.43 and if the momentum and volatility support it, Gold will continue to strengthen again to the level of 3343.81, but if on its way to these levels, there is suddenly a weakening correction that breaks through and closes below the level of 3201.44, then all the strengthening scenarios that have been described earlier will be invalid and automatically canceled by themselves.

(Disclaimer)

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.