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The5ers - Funding Forex Traders & Growth Program
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[QUOTE="The5ers, post: 220914, member: 70285"] Weekly Forex Forecast May 29 - June 2, 2023 Despite the limited market activity during Memorial Day, we have taken the opportunity to formulate a forecast for the upcoming week. The US indices have experienced an upward trend primarily driven by the growing influence of artificial intelligence (AI). As a result, the market anticipates a promising future and expects enhanced efficiency for companies leveraging these emerging technologies. However, from a technical standpoint, certain weaknesses are evident in the market, which could potentially create selling opportunities throughout the week. Turning our attention to the EURUSD currency pair, the price has arrived at a significant key zone, indicating the potential for an upward push following an extended bearish trend observed over the past few weeks. Lastly, the gold market presents favorable buying prospects as it currently resides within a demand zone. This provides an attractive opportunity for investors seeking to enter the market. In summary, based on our analysis, the US indices exhibit signs of weakness, while the EURUSD pair shows the potential for an upward movement, and Gold indicates favorable buying opportunities within the current demand zone. Top Traders Lectures, Contests, Gaming, and Beer on June 17, London Don't regret missing this event: tradersday.live [URL]https://www.youtube.com/live/wYKIijcZgUg[/URL] [/QUOTE]
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