Technical Analysis
EFD Group shows how to look back in time through trading on a forex chart. EFD technical analysts utilize technical charts to predict future price movements. Our Clients with open and funded trading accounts get help from our technical analysis which increases the winning potential in the forex market. The technical analysis is done based on the information provided by forex charts. Future investment movements are anticipated through a technical analysis, which looks at historical market prices and technical indicators. They believe supply and demand forces in the specific security market cause short-term price fluctuations.
Chart of the day
Gold Futures Soar Past $3,350 in Historic Surge Gold futures have broken new ground, climbing above the $3,350 mark for the first time in history. This unprecedented rally comes as a result of mounting economic concerns, driven by the Trump administration’s new import tariffs and ongoing global tensions—factors that have sparked increased demand for gold as a safe-haven investment. The June 2025 gold futures contract—the most actively traded—rose by an impressive $256 over just three days last week (Wednesday to Friday), quickly rebounding from a $195 drop that ended on April 7. This rapid comeback pushed prices to a new record of $3,254.90. After a slight $28 dip on Monday and a $20 gain on Tuesday, gold surged again today with a powerful $110.80 increase (up 3.41%), ending the day at a historic $3,354.40. Investors are increasingly turning to gold to hedge against uncertainty, particularly concerns over inflation tied to Trump's import tariffs, which are expected to raise consumer prices. These fears have made gold an attractive option for those seeking stability. Although a weaker U.S. dollar has supported gold’s upward trend in recent months, it had less influence on today’s gains. The dollar index dropped 0.57% to 99.025, contributing to just 16.4% of gold’s $110 jump—highlighting that broader economic anxieties were the main catalyst for the surge.
