TAG: XAUUSD
Gold Rally Continues As Traders Await FOMC Minutes
Gold Rally ContinuesFollowing the breakdown early last week, gold prices have since rebounded and are traidng firmly this week. The downturn in the US Dollar on the back of Thursday’s weaker-than-forecast US retail sales data has helped fuel a recovery ac...
7 months ago
Gold Continues Winning Streak Amidst Fed Rate Cut Expectations
Gold continued its triumphant streak for the third consecutive day on Monday. From a technical analysis perspective, buyers have not yet reached any specific target, but overall, they are approaching it. For instance, within the current bearish corridor,...
7 months ago
XAUUSD H4 | Bullish Bounce
TitleXAUUSD H4 | Bullish BounceTypeBullish BouncePreference: Price has just bounced the pivot point of 2015, an overlap support level. A bounce from this level could lead the price to rise to 1st resistance at 2029, an overlap resistanceAlternative scenar...
7 months ago
XAUUSD | Continuation Watch | Analysing Patterns and Trends | METALS
Thank you for joining us as we delve into today’s gold market dynamics. Our attention is keenly fixed on the daily fluctuations of gold (XAUUSD). Today’s focus: Gold (XAUUSD) Pattern – Price rangeSupport – 2154Resistance – 2187 So, what’s on our...
6 months ago
EUR/USD Dips as Diverging Central Bank Policies Drive Market Sentiment
In the ever-volatile currency markets, the EUR/USD pair demonstrated a downward trajectory on Wednesday, eventually stabilizing in a narrow band between 1.082 and 1.084. Despite Spanish inflation data for March meeting economists' expectations at 3.2% for...
6 months ago
Dollar Weakness Supporting Gold
Gold Rallying on TuesdayGold prices are pushing firmly higher today, benefiting from weakness in the US Dollar through the European morning on Tuesday. The yellow metal had been weaker in recent sessions, weighed on by the post-FOMC uptick in USD. However...
6 months ago
XAUUSD M15 | Bearish Drop
TitleXAUUSD M15 | Bearish DropTypeBearish DropPreference:Price is currently at the pivot point of 2257.78, A drop from this level could lead the price to fall to 1st support at 2223.07, a pullback support levelAlternative scenario: If the price breaks abo...
6 months ago
Gold Prices Forecast: New Highs Despite Firm Yields, Stronger Dollar
Gold Market Surges Despite HeadwindsGold prices reached a new all-time high on Tuesday, marking a notable rally despite a strong U.S. dollar and anticipated longer-term U.S. rate hikes. This rise in gold prices, defying several traditional market barriers...
6 months ago
Gold Prices Forecast: Was a Bull Trap Set on Friday?
Gold Market Analysis: A Cautious PerspectiveGold prices achieved new heights last week, closing at record levels, with central banks’ interest and geopolitical tensions as key factors. Yet, we’re advising traders to be cautious, as the current rally might...
6 months ago
Gold Rush Continues as Traders Await US CPI
Gold Rally ContinuesGold prices are seeing fresh demand across early European trading on Monday with futures extending their recent rally. The market is now up around 18% off the YTD lows and is showing no signs of reversing with a combination of Fed easi...
6 months ago
Gold Prices Forecast: Asian Central Bank Buying Fuels Record Surge
Gold Market OutlookGold prices reached new highs, marking a record seventh consecutive session of increase. This surge is primarily attributed to significant purchases by Asian central banks, despite a stronger U.S. dollar and high interest rates.At 10:35...
6 months ago
Gold Prices Forecast: Balancing Bullish Run with Overbought Concerns
Surging Amid Global Tensions, Monetary Easing HopesGold futures have seen an unprecedented rise, reaching new heights in recent sessions. This bullish trend in the gold market is fueled by a complex blend of geopolitical tensions, expectations of monetary...
6 months ago
Gold Traders Brace For Inflation Fireworks
CPI Up NextGold traders are bracing for fireworks today with the latest US inflation figures due this afternoon. As traders continue to battle to tie down an expected Fed easing date, today’s data will be highly important and carries plenty of volatility...
6 months ago
Gold Prices Forecast: XAU/USD’s Reaction to CPI, Fed Minutes in Focus
Gold Market Analysis Amid Upcoming CPI ReportGold prices are holding steady on Wednesday, flirting with recent record highs as a blend of inflation concerns and geopolitical tensions drive interest in this safe-haven asset. The market is bracing for the u...
6 months ago