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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?
Gold Price Outlook: XAU/USD Sinks Below $1,900 as USD Breakout Runs
Gold prices are trading at a fresh five-month low today as prices have broken through the $1,900/oz mark. US Dollar bulls are running trends across a number of markets, but might they relent for long enough to allow gold prices to put in a pull back?
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.
Gold Short-term Outlook: XAU/USD Bulls Feel the Heat- Support In View
Gold prices plunged more than 2% off the July high with the XAU/USD breakout now facing the first major test. The levels that matter on the short-term technical charts.
Gold Price Technical Forecast: XAU/USD Bulls Bid the Break
Gold prices surged nearly 2% this week with a rebound off technical support now targeting initial resistance hurdles. The levels that matter on the XAU/USD weekly 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 open of the month/quarter. The levels that matter on the technical charts this week.
Gold Price Forecast: XAU/USD in Free-Fall – Breakdown Levels
Gold prices plunged more than 2% this week with a break of multi-month uptrend support threatened further losses. Levels that matter on the XAU/USD weekly 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.
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 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.
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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 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