2026.05.29 2026.05.29 Gold Finds Support as Medium-Term Outlook Improves. Forecast as of 29.05.2026 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ While gold’s short-term outlook remains uncertain due to geopolitical developments, bullish sentiment is likely to prevail in XAU/USD over the medium term. Let’s discuss this topic and outline a trading plan. The article covers the following subjects: Major Takeaways Gold has found support. Geopolitical tensions…

Read more

What a week to be glued to the headlines. From May 25–29, one story ran the show across every market: the on-again, off-again U.S.-Iran deal to reopen the Strait of Hormuz. Traders spent five sessions chasing diplomatic ping-pong — peace talks, missile strikes, ceasefire leaks, and a naval blockade lift — and price action whipped around with every twist. …

Read more

The highlight of the session was Trump’s announcement on Truth Social of the lifting of the US naval blockade and a “final determination” on a broader agreement to follow shortly in the White House Situation Room. This gave the positive risk sentiment a further boost, with oil prices extending losses. Iranian sources suggested the public blockade announcement was viewed…

Read more

The US Dollar Index (DXY) fell toward the 98.90 region on Friday as improving market sentiment linked to developments in the Middle East reduces demand for safe-haven assets. Although the latest United States (US) Core Personal Consumption Expenditures (PCE) Price Index on Thursday held steady at 3.3% YoY in April, reinforcing expectations that the Federal Reserve (Fed) may keep…

Read more

2026.05.29 2026.05.29 USD/JPY: Elliott Wave Analysis and Forecast for 29.05.26–05.06.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 160.70 with a target of 152.10–145.50. A sell signal: the price holds below 160.70. Stop Loss: above 161.20, Take Profit: 152.10–145.50. Alternative scenario: Breakout and consolidation above the…

Read more

In a single morning, the U.S. government dropped two massive pieces of data: the updated scorecard for economic growth (GDP) and the Federal Reserve’s absolute favorite inflation gauge (the Core PCE price index). The tricky part was that growth looked soft, but inflation was still stubbornly high. Let’s break down what the reports showed, how they could shape the…

Read more

On Iran blockade says anything that is taken off will be taken off slowly There are 3 scenarios on Iran: deal, no deal, or kinetic action There’s more we can do on Iran if we have to See real wage growth to resume, on the other side of the war 100% approve of the Fed getting rid of forward…

Read more

Hello fellow traders. In this technical article, we are going to present Elliott Wave charts trading setup of  Amazon (AMZN) Stock .  The stock has recently completed a clean 3-wave pullback. Price action developed exactly as anticipated, but our entry was missed by less than $1. More precisely, the correction ended just $0.39 above our entry zone, highlighting the…

Read more

2026.05.29 2026.05.29 WTI Crude Oil: Elliott Wave Analysis and Forecast for 29.05.26–05.06.26 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Major Takeaways Main scenario: Consider short positions from corrections below the level of 101.25 with a target of 78.00–65.00. A sell signal: the price holds below 101.25. Stop Loss: above 103.00, Take Profit: 78.00–65.00. Alternative scenario: Breakout and consolidation…

Read more

Two major central bank decisions are coming up fast: the ECB on June 11 and the Fed on June 16 to 17. The ECB is widely expected to hike for the first time since 2023, while the Fed is still stuck between stubborn inflation and softer growth. EUR/USD is sitting near a six-week low, caught between a narrowing rate…

Read more