Intraday Analysis – XAU remains under pressure
AUDUSD seeks support The Australian dollar recovered after a hawkish RBA hinted at further hikes. A drop below the daily support of 0.6870 has dented the optimism in the short-term. The four-month long rally could be in for a bit of consolidation after the aussie cleared the daily resistance at 0.6900 which […]
Gold Prices (XAU) Retreat from Recent High, Silver (XAG) Follows Suit
Gold (XAU/USD), Silver (XAG/USD) Outlook: Gold prices rise to nine-month high – Fed, ECB and BoE rate hikes boost precious metals before retreating to support. Silver futures wrestle with resistance around $24.220, a key historic level that continues to keep bulls in check. Interest rates rise in-line with expectations – economic outlook remains bleak as […]