However, triggering a quick rebound towards the key resistance level of $3,500 may require a clear close above the upper boundary of the triangle near $3,400, as well as last week’s resistance at $3,430.#SharingTradingMistakesAndGrowth#BrokerEvaluation

However, triggering a quick rebound towards the key resistance level of $3,500 may require a clear close above the upper boundary of the triangle near $3,400, as well as last week’s resistance at $3,430.#SharingTradingMistakesAndGrowth#BrokerEvaluation

But from a macro-trend perspective, only a break below the 61.8% Fibonacci retracement level of $3,165 can officially confirm a bearish trend reversal. On the upside, a break above the $3,345–3,370 range could revive buying interest.#BrokerEvaluation#SharingTradingMistakesAndGrowth

But from a macro-trend perspective, only a break below the 61.8% Fibonacci retracement level of $3,165 can officially confirm a bearish trend reversal. On the upside, a break above the $3,345–3,370 range could revive buying interest.#BrokerEvaluation#SharingTradingMistakesAndGrowth

If the decline continues, it may initially test the 38.2% Fibonacci retracement level of the April rally, around $3,290. Further declines may be buffered at the 50% Fibonacci level of $3,230 to the key support range of $3,200.#SharingTradingMistakesAndGrowth#BrokerEvaluation

If the decline continues, it may initially test the 38.2% Fibonacci retracement level of the April rally, around $3,290. Further declines may be buffered at the 50% Fibonacci level of $3,230 to the key support range of $3,200.#SharingTradingMistakesAndGrowth#BrokerEvaluation

today's decline has pushed gold prices below the symmetrical triangle pattern, the short-term simple moving average, and into the Ichimoku cloud range, all signs of a potential bearish continuation trend. With the relative strength index (RSI) falling below the neutral 50 level and the stochastic oscillator turning down, downside risks remain dominant - especially if strong resistance forms in the $3,345 area.#SharingTradingMistakesAndGrowth#BrokerEvaluation

today's decline has pushed gold prices below the symmetrical triangle pattern, the short-term simple moving average, and into the Ichimoku cloud range, all signs of a potential bearish continuation trend. With the relative strength index (RSI) falling below the neutral 50 level and the stochastic oscillator turning down, downside risks remain dominant - especially if strong resistance forms in the $3,345 area.#SharingTradingMistakesAndGrowth#BrokerEvaluation

However, the market soon returned to caution, and the price of gold precious metals rebounded to above Friday's closing price, as the positive impact of the agreement on the EU is still unclear. According to the agreement, the United States will impose import tariffs on EU cars, while the EU is expected to invest heavily in US energy and military equipment without taking any retaliatory measures. It is worth noting that the 50% tariff imposed by the United States on EU steel and aluminum products will remain unchanged for now.#BrokerEvaluation#ExpertReview

However, the market soon returned to caution, and the price of gold precious metals rebounded to above Friday's closing price, as the positive impact of the agreement on the EU is still unclear. According to the agreement, the United States will impose import tariffs on EU cars, while the EU is expected to invest heavily in US energy and military equipment without taking any retaliatory measures. It is worth noting that the 50% tariff imposed by the United States on EU steel and aluminum products will remain unchanged for now.#BrokerEvaluation#ExpertReview

Gold opened at $3,319 on Monday (July 28). Last weekend, it was reported that the EU had accepted a 15% import tariff from the United States, which is only half of the level previously threatened by President Trump.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Gold opened at $3,319 on Monday (July 28). Last weekend, it was reported that the EU had accepted a 15% import tariff from the United States, which is only half of the level previously threatened by President Trump.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Medium- and long-term outlook: From a trend perspective, the medium- and long-term direction of the Australian dollar still needs to observe the trend of the US dollar index and the direction of the global economy. Analysts believe that if the US economy continues to slow down and the Federal Reserve clearly releases the path of interest rate cuts, the expectation of a medium-term weakening of the US dollar will boost the Australian dollar. On the contrary, if the US dollar maintains a strong cycle, the upside space of the Australian dollar will be limited;#SharingTradingMistakesAndGrowth#BrokerEvaluation

Medium- and long-term outlook: From a trend perspective, the medium- and long-term direction of the Australian dollar still needs to observe the trend of the US dollar index and the direction of the global economy. Analysts believe that if the US economy continues to slow down and the Federal Reserve clearly releases the path of interest rate cuts, the expectation of a medium-term weakening of the US dollar will boost the Australian dollar. On the contrary, if the US dollar maintains a strong cycle, the upside space of the Australian dollar will be limited;#SharingTradingMistakesAndGrowth#BrokerEvaluation

However, if the Australian CPI data shows an unexpected rise, the exchange rate may see a technical rebound and re-challenge the 0.6600 mark; the short-term trend may maintain a high-level shock structure, with a reference range of 0.6466-0.6624. #SharingTradingMistakesAndGrowth#BrokerEvaluation

However, if the Australian CPI data shows an unexpected rise, the exchange rate may see a technical rebound and re-challenge the 0.6600 mark; the short-term trend may maintain a high-level shock structure, with a reference range of 0.6466-0.6624. #SharingTradingMistakesAndGrowth#BrokerEvaluation

In Australia, the RBA continues to convey a dovish tone, but whether it will actually cut interest rates still depends on the progress of inflation decline. If CPI remains high or the easing schedule is postponed, the market will re-price the RBA policy path. Therefore, although the short-term market sentiment is slightly cautious, it has not completely turned bearish and is still in the "wait-and-see-gamble" stage.#BrokerEvaluation#VeteranIBSuccessStory#VeteranIBSuccessStory

In Australia, the RBA continues to convey a dovish tone, but whether it will actually cut interest rates still depends on the progress of inflation decline. If CPI remains high or the easing schedule is postponed, the market will re-price the RBA policy path. Therefore, although the short-term market sentiment is slightly cautious, it has not completely turned bearish and is still in the "wait-and-see-gamble" stage.#BrokerEvaluation#VeteranIBSuccessStory#VeteranIBSuccessStory

From the perspective of risk aversion, the US service industry performed strongly and employment data was solid, but the manufacturing industry weakened, and the overall economic recovery was "mild and unstable." This has led to differences in the market on the Fed's policy path, amplified short-term volatility, and traders generally tend to wait for key data to further guide the direction.#SharingTradingMistakesAndGrowth#BrokerEvaluation

From the perspective of risk aversion, the US service industry performed strongly and employment data was solid, but the manufacturing industry weakened, and the overall economic recovery was "mild and unstable." This has led to differences in the market on the Fed's policy path, amplified short-term volatility, and traders generally tend to wait for key data to further guide the direction.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Market sentiment observation: Current market sentiment presents a typical "long-short game" pattern. On the one hand, the trade agreement between the United States and the European Union has warmed up risk appetite; but on the other hand, market concerns about Australia's CPI data are still heating up, leading to intensified capital divergence.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Market sentiment observation: Current market sentiment presents a typical "long-short game" pattern. On the one hand, the trade agreement between the United States and the European Union has warmed up risk appetite; but on the other hand, market concerns about Australia's CPI data are still heating up, leading to intensified capital divergence.#SharingTradingMistakesAndGrowth#BrokerEvaluation

In summary, judging from a technical perspective, analysts believe that the Australian dollar is currently in the correction stage of an upward trend against the US dollar. If it fails to hold the 0.6540 line in the future, it may further test the support of the 0.6454~0.6466 range below; conversely, if the exchange rate re-stands above 0.6600, the trend is expected to continue.#SharingTradingMistakesAndGrowth#BrokerEvaluation

In summary, judging from a technical perspective, analysts believe that the Australian dollar is currently in the correction stage of an upward trend against the US dollar. If it fails to hold the 0.6540 line in the future, it may further test the support of the 0.6454~0.6466 range below; conversely, if the exchange rate re-stands above 0.6600, the trend is expected to continue.#SharingTradingMistakesAndGrowth#BrokerEvaluation

Gold prices moved higher across India today, in both 24K and 22K categories. The 1-gram price of 24K gold moved up to INR 10,679.09, rising INR 27.57 from the previous close of INR 10,651.52. At the same time, the 10-gram price grew to INR 1,06,790.90 from INR 1,06,515.20. On the other hand, the price of 1 gram of gold in the 22K category went up by INR 25.27 to INR 9,789.17. At the same time, the 10-gram price jumped to INR 97,891.66 from INR 97,638.93. The hike recorded during the day was INR 252.73.

Gold prices moved higher across India today, in both 24K and 22K categories. The 1-gram price of 24K gold moved up to INR 10,679.09, rising INR 27.57 from the previous close of INR 10,651.52. At the same time, the 10-gram price grew to INR 1,06,790.90 from INR 1,06,515.20. On the other hand, the price of 1 gram of gold in the 22K category went up by INR 25.27 to INR 9,789.17. At the same time, the 10-gram price jumped to INR 97,891.66 from INR 97,638.93. The hike recorded during the day was INR 252.73.

#CommunityAMA Driving the Exploration of Alternative Markets Discussions within online forex trading communities can collectively drive the exploration of alternative or less conventional markets beyond standard currency pairs. While the primary focus remains on forex, conversations might occasionally pivot to or include insights on related assets like commodities (e.g., gold, oil), indices (e.g., S&P 500, DAX), or even cryptocurrencies. This exposure, often initiated by members sharing successful trades or analytical perspectives from these other markets, broadens the collective horizon of retail traders. It influences individuals to consider diversifying their trading activities, investigate how these alternative assets correlate with or influence currency movements, and potentially expand their trading repertoire beyond forex, driven by the shared curiosity and success stories within the community.

#CommunityAMA Driving the Exploration of Alternative Markets Discussions within online forex trading communities can collectively drive the exploration of alternative or less conventional markets beyond standard currency pairs. While the primary focus remains on forex, conversations might occasionally pivot to or include insights on related assets like commodities (e.g., gold, oil), indices (e.g., S&P 500, DAX), or even cryptocurrencies. This exposure, often initiated by members sharing successful trades or analytical perspectives from these other markets, broadens the collective horizon of retail traders. It influences individuals to consider diversifying their trading activities, investigate how these alternative assets correlate with or influence currency movements, and potentially expand their trading repertoire beyond forex, driven by the shared curiosity and success stories within the community.

From the current daily chart of the Australian dollar against the US dollar, the exchange rate has adjusted significantly after reaching the stage high of 0.6624, forming a negative line arrangement for three consecutive days, and the short-term correction momentum has increased. The Bollinger Band indicator shows that the exchange rate was blocked and fell back at the upper track (0.6614), and currently fell back to near the middle track (0.6540); analysts believe that the support level below is 0.6466.#SharingTradingMistakesAndGrowth#BrokerEvaluation

From the current daily chart of the Australian dollar against the US dollar, the exchange rate has adjusted significantly after reaching the stage high of 0.6624, forming a negative line arrangement for three consecutive days, and the short-term correction momentum has increased. The Bollinger Band indicator shows that the exchange rate was blocked and fell back at the upper track (0.6614), and currently fell back to near the middle track (0.6540); analysts believe that the support level below is 0.6466.#SharingTradingMistakesAndGrowth#BrokerEvaluation

In terms of MACD indicators, the fast and slow lines (DIFF, DEA) are glued together and run horizontally, the red column is shortened, the MACD column value is slightly negative (-0.0002), and the short-term momentum is weakening. The RSI indicator is currently at 49.5615, close to the neutral zone, suggesting that the exchange rate has not yet formed an overbought or oversold signal; in the short term, if the RSI falls below 45, we need to be alert to further release of downside risks.#SharingTradingMistakesAndGrowth#BrokerEvaluation##ExpertReview

In terms of MACD indicators, the fast and slow lines (DIFF, DEA) are glued together and run horizontally, the red column is shortened, the MACD column value is slightly negative (-0.0002), and the short-term momentum is weakening. The RSI indicator is currently at 49.5615, close to the neutral zone, suggesting that the exchange rate has not yet formed an overbought or oversold signal; in the short term, if the RSI falls below 45, we need to be alert to further release of downside risks.#SharingTradingMistakesAndGrowth#BrokerEvaluation##ExpertReview

composite PMI in July rose to 54.6, a seven-month high, among which the service industry PMI performed particularly well, reaching 55.2, higher than market expectations. However, the manufacturing PMI fell below the boom-bust line to 49.5, reflecting that there are still concerns on the manufacturing side. This "strong service and weak manufacturing" pattern may put some pressure on the US dollar index, thus providing an opportunity for the Australian dollar to rebound. #SharingTradingMistakesAndGrowth#BrokerEvaluation

composite PMI in July rose to 54.6, a seven-month high, among which the service industry PMI performed particularly well, reaching 55.2, higher than market expectations. However, the manufacturing PMI fell below the boom-bust line to 49.5, reflecting that there are still concerns on the manufacturing side. This "strong service and weak manufacturing" pattern may put some pressure on the US dollar index, thus providing an opportunity for the Australian dollar to rebound. #SharingTradingMistakesAndGrowth#BrokerEvaluation

San Francisco Fed President Mary Daly believes that the expectation of two rate cuts this year is "reasonable," but Fed Governor Christopher Waller advocates a rate cut at the July meeting. At the same time, the labor market remains strong, with initial jobless claims in the United States falling for the sixth consecutive week, with the latest data showing 217,000, showing economic resilience.#SharingTradingMistakesAndGrowth#BrokerEvaluation##ExpertReview

San Francisco Fed President Mary Daly believes that the expectation of two rate cuts this year is "reasonable," but Fed Governor Christopher Waller advocates a rate cut at the July meeting. At the same time, the labor market remains strong, with initial jobless claims in the United States falling for the sixth consecutive week, with the latest data showing 217,000, showing economic resilience.#SharingTradingMistakesAndGrowth#BrokerEvaluation##ExpertReview

#CommunityAMA Influencing Perceptions of Broker Fees and Spreads Discussions within online forex trading communities can powerfully influence perceptions of what constitutes "fair" or "competitive" broker fees and spreads. When traders consistently share screenshots of their live spreads, debate commission structures, or compare the costs of trading across different brokers, a collective benchmark is established. This transparent exchange of information means that if one broker is widely reported to have unusually wide spreads during news events or high commission rates, the community quickly identifies and often discourages its use. Conversely, brokers praised for tight spreads and transparent fees gain collective favor. This shared understanding compels individual traders to scrutinize these costs more closely, influencing their choices and often pressuring brokers to maintain competitive pricing to retain or attract clients from the retail trading community.

#CommunityAMA Influencing Perceptions of Broker Fees and Spreads Discussions within online forex trading communities can powerfully influence perceptions of what constitutes "fair" or "competitive" broker fees and spreads. When traders consistently share screenshots of their live spreads, debate commission structures, or compare the costs of trading across different brokers, a collective benchmark is established. This transparent exchange of information means that if one broker is widely reported to have unusually wide spreads during news events or high commission rates, the community quickly identifies and often discourages its use. Conversely, brokers praised for tight spreads and transparent fees gain collective favor. This shared understanding compels individual traders to scrutinize these costs more closely, influencing their choices and often pressuring brokers to maintain competitive pricing to retain or attract clients from the retail trading community.

This week, the market will focus on Australia's second quarter CPI data (to be released on Wednesday), which will become an important basis for the next interest rate meeting of the Reserve Bank of Australia (RBA). Earlier, RBA Chairman Michele Bullock reiterated that he would firmly curb inflation and stressed that the current global economy is still full of uncertainty. The market generally expects that if the inflation data is strong, the RBA may further postpone the pace of interest rate cuts.#SharingTradingMistakesAndGrowth#BrokerEvaluation

This week, the market will focus on Australia's second quarter CPI data (to be released on Wednesday), which will become an important basis for the next interest rate meeting of the Reserve Bank of Australia (RBA). Earlier, RBA Chairman Michele Bullock reiterated that he would firmly curb inflation and stressed that the current global economy is still full of uncertainty. The market generally expects that if the inflation data is strong, the RBA may further postpone the pace of interest rate cuts.#SharingTradingMistakesAndGrowth#BrokerEvaluation