after reporting the first daily loss in three. US Dollar retreats after rate cut news, activating XAU/USD rebouned from 200-SMA. Overall USD strength, fears of easing demand from China, India weigh on quote. Key support challange XAU/USD bears ahead of important US employment clues. Gold Price(XAU/USD) begins Wesdnesday's Asian session on a front foot, bouncing...
GBP/USD bears are in the market and eye a breakout to target H-4 neckline. GBP/USD is pressured below the prior week's lows but remains on the front side of bullish trendline. On the daily chart, we are colling on the front side of the bearish trend and tinkering on the edge of a bearish breakout. The four-hour chart shows the bears moving from resistance and a...
USD/CAD sees support near 1.3200 amid US Dollar's correction and rising oil prices. US factory activites are expected to contract straight for the mint month. Oil prices soar above $81.00 as investors are seeing global interest reates peaking now. The USD/CAD pair witnesses selling presure over of 1.3250 in the london session. The Looine assest attracts offers as...
Two key DMAs ahead of-top-tier Eurozone data Gold price eyes the best month in four as US Dollar weaknes furthuer on dovish Fed bets. China's mixed offcial PMIs lift hopes for policy stimlus, could lend support to Gold price. Gold price to see range trade between critical DMA. As observed on the daily chart, Gold price rebound lost pace below the bullish 100-DMA...
The GBP/USD pair consolidates in a narrow range during the early asian session on Tuesday as the market sentiment turns cautions ahead of the release of US Retail Sales and the UK Consumer Price Index(CPI). The major is trading around 1.3072, down 0.01% on the day. The UK will release the Consumer Price Index(CPI) for June on Wednesday, which is expected to be...
XAU/USD bull's battle to regain the 100-day SMA at $1,955. The focus is on Tuesday's US Retail Sales data. At the start of the week, the XAU/USD traded in the $1,945 - $1,960 range as the USD fought back and traded resilient at the 99.90 reae. However, the US Treasury yield continued declining, limiting the Gold's downside potential. Retail Sales are expected to...
GBP/USD Cable is consolidating under new 15-month high (1.3141) on Friday, as bulls started to lose traction after advancing 2.1% this week. A pause after six straight days of uninterrupted rally lloks like logical scenario, as traders look for a partial profit-taking and studies are overstretched on daily chart. However, correction is unlikely to be deep, as the...
US Dollar Index(DXY) after dropping to a 15-month low on soft US inflation US Dollar Index(DXY), which measures the US Dollar's perfomance against a basket of six currencies, shows slight gains after reaching a fresh 15-month low of 99.578. June's US CPI grew 3.0% YoY, underperfoming the 3.1% forecast, while Core CPI fell by 0.5%. Concurrently, June's PPI rose...
In going analysis, Gold Price Forecast: XAU/USD bears eye a move to a 61.8% Fibo, but bulls test key resistance, the price was tracked into through the $1,940s imbalance area as the bulls broke the prior week's highs: Last week's high could be the first downside target as previously explained before the next significant move higher with last month's highs eyed to...
Gold Price(XAU/USD) remains sidelined around $1,960 amid as early Asian session on Friday, after refreshing the monthly high during the latest five-day winning streak. In doing so, the Gold Price justifies the recent hawkish comments from the Federal Reverse(Fed) officials to prod the XAU/USD bulls even as the previously downbeat United States inflation clues have...
Gold Price Forecast, US NFP eyed Gold Price (XAU/USD) remains on the bear's radar despite the latest corrective bounce off the weekly low, licking its wounds near $1,911 amid early Friday morning in Asia. In doing so, the XAU/USD justifies risk Aaversion, as well as upbeat United States data, to underpin the bullish bias about the Gold Price. Adding strength to...
Gold Price Forecast as Fed Minutes loom-Confluence Detector Gold Price (XAU/USD) struggles to extend recovery from a multi-month low marked the last week as traders await the Federal Open Market Committee (FOMC) Minutes for the June meeting. Apart from the pre-event anxitey, the fears of a full-fledged trade war between US and China join the concerns about the...
Gold price is down on the day after falling from a high of $1,935 to a low of $1,912.82 with the market getting behind the US Dollar and US yields. Gold prices fell to the lowest in three months on Thursday as investors fear that US interest rates will rise as the central bank looks to slow the US economy to lower inflation. Fed's Chairman Powell addressed the...
The Gold price was offered on Wednesday even as the US Dollar fell and bond yeilds climbed. XAU/USD fell from a high of $1,939.57 to a low of $1,919.24. We have prospects of a downside continuation on the weekly chart. From a daily perspective, we are moving into testing the lows while on the front side of the bearish trend. The wick could've filled in the coming...
XAU/USD declines towards $1950 as USD Index recovers ahead of Blinken Jinping meet Gold Price(XAU/USD) has printed afresh day's low at $1,952.00 at the US Dollar Index(DXY) has attempted a recovery in European Session. Gold has sensed selling presure from the downward-sloping H&S PATTERN THe 200-period Expotential Moving Average(EMA) at $1,966.70. is acting as a...
USD Index seems vulnerable Gold price (XAU/USD) has stretched its rally to near $1,964.00 in the European session. The precious metal is expected to deliver more gains at the USD Index(DXY) looks vulnerable above the crucial suppot 102.00. Gold price has delivered a breakout of the falling channel pattern formed on two two hour scale. A bullish reversal. The...
Even as US inflation advocates hawkish Fed halt Gold Price remains on the back foot around the lowest level in a week, challenging the bearish breakdown of the trend continuation chart pattern, suggesting further downside of the XAU/USD. That said, the Gold Price holds lower grounds mind early Wednesday morning in Asia. It should be noted that precious matel's...
Gold Price Forecast: hurdle ahead of US inflaton (XAU/USD) prods a two-day downtrend with latest corrective bounce off $1,950 grinding higher as it approaches the key $1967 resistance confluence during early Tuesday in Asia,close to $1958 at the latest. That said, the XAU/USD began the week on a back foot amid the market's indecision ahead of the top-tier central...