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Gold outlook dimmed by stronger US data ahead of CPI and FOMC
It was a textbook reaction in gold in response to the stronger jobs and consumer sentiment data, with the metal falling, dollar and yields rising. It fell from around $2020 to a low so far of $2002. While down, it is certainly not out. It was only on Monday when it hit a new record high, albeit a short-lived one. Still, the downside could well be limited, especially if we see more evidence of waning inflationary pressures around the world.
Gold analysis: Precious metals, stocks climb as yields and dollar drop
Gold was up nearly 1.3% by late afternoon trading in London, near $2040 while silver was closing in on the $25.00 level. The precious metals have been supported by two factors: Bond yields and US dollar, both falling.
Gold Forecast: $2000 acting as a barrier for Gold
Gold edges towards $2000 in holiday thinned trade, but the rally appears to be running out of steam.
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Gold falters around $2,000, although seasonality could be on its side
Gold enjoyed its best month in seven in October, with its 7.3% rise forming a clear bullish engulfing candle and was its third best month of the year. Whether it can extend its rally and make a run for a new record high remains to be seen, but we have seen gold failed around the $2075 highs three times since 2020. What would be so different this time?
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Gold Price Forecast: XAU/USD Moment of Truth at Trend Support
Gold prices snapped a four-week winning streak with XAU/USD now testing multi-month uptrend support. Battle lines drawn on the weekly technical chart.
USD Majors, Gold, Oil, S&P 500, Nasdaq & Dow Weekly Technical Outlook
Sr. Technical Strategist Michael Boutros highlights setups he's tracking into the weekly open. The targets & invalidation levels that matter on the technical charts.
EUR/USD, USD/JPY, USD/CAD, Gold & Nasdaq- Weekly Technical Outlook
Sr. Technical Strategist Michael Boutros highlights setups he's tracking into the weekly open. The targets & invalidation levels that matter on the technical charts.
Gold Price Vulnerable After Failing to Defend Monthly Opening Range
The price of gold registers a fresh monthly low ($1975) as it carves a series of lower highs and lows.
US Dollar Majors, Gold, Oil, SPX & Nasdaq- Weekly Technical Outlook
Sr. Technical Strategist Michael Boutros highlights setups he's tracking into the weekly open. The targets & invalidation levels that matter on the technical charts.
Gold Analysis: It looks tough at the top for gold
Gold has continued to hit the headlines as it teases investors with a record high. But that doesn’t mean gains will be plain sailing from here, even if we remain bullish this year overall.
Gold outlook, USDCAD outlook: Two trades to watch
Gold eases ahead of the NFP, but remains in an uptrend. USDCAD falls ahead of jobs data.
Gold forecast, Oil forecast: Two trades to watch
Gold holds above $2000 ahead of the Fed rate decision. Oil steadies at a 5 week low ahead of the Fed, EIA data.
Gold price defends weekly low going into Fed blackout period
The price of gold may trade sideways over the remainder of the month as it holds above the weekly low ($1969).
Gold outlook: Above $2K again as dollar eases
The gold outlook has improved because of a drop in US dollar and bond yields, following the release of more disappointing US data.
Gold, GBP/USD forecast: Two trades to watch
Gold looks to fresh yearly highs ahead of PPI, jobless claims data. GBP/USD rises despite UK GDP stalling in February.
Gold price forecast: RSI flirts with overbought territory
The price of gold may attempt to test the 2020 high ($2075) as the Relative Strength Index (RSI) flirts with overbought territory.
Gold outlook: Metal closes in on all-time high
Renewed weakness in bond yields and US dollar, thanks to soft US data, has brightened the gold outlook
Gold short-term price outlook: XAU/USD breakout pending
Gold prices are in consolidation just below uptrend resistance- battle lines drawn into the monthly close. The levels that matter on the XAU/USD technical charts.
Two Trades to Watch: DAX, Gold
DAX drops as banking fears linger. Gold rises above $2000.
Gold short-term price outlook: XAU/USD reversal gathers pace
Gold is poised to mark a third consecutive daily advance with price now approaching a key pivot zone. The levels that matter on the XAU/USD short-term technical charts.
Gold finds relief as dollar rally pauses – for now
For gold to make a stronger recovery, we will have to see a surprise miss on Friday’s NFP
Two trades to Watch: Gold, DAX
Gold looks Fed Powell for clues. DAX steadies around the 2023 high.
Two Trades to Watch: FTSE, Gold
FTSE rises after upbeat Chinese services data. Gold rises ahead of US ISM services PMI.