TAG: macro
Gold Price Forecast Q4 2024: Rally to Continue or Already Peaked?
The gold market has surged to new record levels in 2024. The most significant movement occurred in Q3 2024, where the quarterly candle was the largest among all the year’s quarters. Geopolitical uncertainty and Fed rate cuts ahead of the US presidential e...
2 weeks ago
Gold, Silver, AUD/USD Technical Analysis for CPI Week
The US released multiple employment-related reports throughout the week. The ADP report indicated that the private sector added 143K new jobs in September 2024. On the other hand, the Nonfarm Payroll (NFP) report showed an increase of 254K new jobs. Addit...
1 week ago
Gold, Silver, USD/JPY Technical Analysis Ahead of Inflation Data
Gold (XAU) and Silver (XAG) have moved lower after several days of consolidation at resistance levels. The market anticipates a 25 basis point rate cut in November and December. While the US dollar has recently surged, gold and silver have not experienced...
1 week ago
Gold, Silver, AUD/USD Technical Analysis After the CPI Release
Gold (XAU) market rebounds higher following the US Consumer Price Index (CPI) release. The US CPI rose by 0.2% in September compared to August. Moreover, the core CPI, which excludes energy and food, increased by 0.3%. This data does not suggest an immine...
5 days ago