Market Technical Analysis by RoboForex

[RoboForex Team]

Gold (XAUUSD) forced to retreat as the outlook turns bearish

Gold (XAUUSD) prices have fallen to 4,020 USD. The market is once again focused on oil and the Federal Reserve’s interest rate outlook.

Technical outlook

On the H4 chart, XAUUSD maintains a downward trajectory near 4,023, with prices hovering below the middle Bollinger Band and close to the indicator’s lower boundary, confirming that sellers have the upper hand.

Gold prices are declining due to rising oil prices and expectations surrounding the Federal Reserve.

Read more - Gold Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

 

[RoboForex Team]

Solana boosts network capacity by 66%: market awaits SOLUSD reaction

The SIMD-0286 upgrade increased the maximum computing capacity by 66%, but the Solana price continues to correct, currently standing at 73.20.

Technical outlook

On the H4 chart, the SOLUSD price formed an Inverted Hammer reversal pattern near the lower Bollinger Band. At this stage, the price may develop an upward wave following the pattern signal, with the upside target at the 76.75 resistance level.

The Federal Reserve’s tight monetary policy continues to weigh on SOLUSD despite the successful network upgrade.

Read more - SOLUSD Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team