XAU/USD
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Gold price forecast: XAU/USD bulls go for 2k
Gold prices are poised to snap a three-week winning streak after turning from uptrend resistance. The levels that matter post-FOMC on the XAU/USD weekly chart.
UBS agrees to purchase Credit Suisse – what does that mean for sentiment?
Following tense weekend talks, UBS has agreed to purchase Credit Suisse by the end of the year for Fr 3 billion ($4.5 billion).
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.
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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
Gold price forecast: XAU/USD bulls ramp off support
Gold prices are poised to mark an outside-weekly reversal off a key technical support pivot- bears on notice. The levels that matter on the XAU/USD weekly chart.
Traders to get another inflation fix ahead of the weekend
Markets cannot get enough of US inflation data at present and what it means for the Fed. And that means today’s PCE figures are now likely the more important.
Gold short-term price outlook: XAU/USD grasps at support
Gold prices have responded to technical support and the battle lines are drawn into the monthly close. Levels that matter on the XAU/USD short-term technical charts.
Is gold set for a ‘sympathy bounce’ towards 1900?
Whilst we suspect gold could eventually head for $1800, it shows the potential to revert to $1900 first.
Gold considers a fresh 9-month high, PMI’s in focus
Trading volumes may be lower due to China’s lunar new year celebrations, but it didn’t prevent gold from trying to break to a new cycle higher overnight.
What’s next for the highly correlated assets of Gold and DXY?
As long as this correlation holds, traders can get clues as to where Gold may be headed based on the direction of the DXY.
Gold shines bright amid the US Dollar and crypto sell off
Will Gold continue to move higher? It may depend on the selloff in the US Dollar.
GBP spikes on reports the BOE may extend bond purchases
The BOE have now done two U-turns within 24hrs, by first cancelling their bond buying programme but then signalling behind closed door they may extend it.
Bullish bets for gold futures are on the rise
After identifying a potential sentiment extreme a couple of weeks ago, we now note that bullish bets for the December gold futures contract have spiked.
Bullish bets for gold futures are on the rise
After identifying a potential sentiment extreme a couple of weeks ago, we now note that bullish bets for the December gold futures contract have spiked.
The RBNZ hiked by 50bp – but a 75bp hike was considered
The RBNZ hiked for an eight consecutive meeting to take interest rates to 3.5%.
The RBNZ hiked by 50bp – but a 75bp hike was considered
The RBNZ hiked for an eight consecutive meeting to take interest rates to 3.5%.
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Nasdaq, Bitcoin, Gold among beneficiaries of falling rates expectations https://t.co/PoqTThBO2C The market is betting that we have reached a peak in terms of rate hikes and that from here looser monetary policy should follow... https://t.co/Patwq3DhDT
4:32 PM − 23 Mar 2023
European Open: EUR/USD stalls at resistance ahead of US inflation
EUR/USD has rallied as part of a 3-wave countertrend move, but with key inflation from the US on tap we’re watching prices around a key resistance cluster.
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EUR/USD stalls at resistance ahead of US inflation
EUR/USD has rallied as part of a 3-wave countertrend move, but with key inflation from the US on tap we’re watching prices around a key resistance cluster.
European Open: Futures point higher, FTSE prints reversal at support
The FTSE 100 has produced a bullish hammer at the support level of a multi-month range, and futures point to a positive open for the index.
Gold falls below $1650 as US Dollar soars
Recession fears are causing both GBP/USD and EUR/USD to move lower. As a result, the US Dollar is moving higher. This leaves traders nervous to buy the dip in Gold as it moves to its lowest level since April 2020.
Gold wrap: Spot gold breaks key level (yet gold futures hesitate)
Spot gold prices crashed through the 2021 low and the backdrop assumes it could move lower still. Yet over the near-term we’ll watch gold futures for directional clues.
Is the South African Rand pointing to a new low in Gold?
The South African Rand and Gold have a strong positive correlation. Therefore, when one of these assets moves in one direction, the other asset is likely to follow in the same direction.
Risk of higher rate hikes send Gold lower; XAU/USD
If the Fed does hike rates and is hawkish at its next meeting, will Gold finally break through 1670, which it has tested numerous times?