XAU/USD may have bottomed out at the beginning of the week – Commerzbank
Share: Gold price shed more than 5% in February. XAU/USD is currently trading at a good $1,840, which puts it around $40 or 2% higher than on Tuesday. It appears that the yellow metal has bottomed out, strategists at Commmerzbank report. There is no longer any expectation of rate cuts this year “Weighing […]
Gold is an attractive asset for 2023 – SocGen
Share: 2023 will be the beginning of the end for USD strength. Thus, strategists at Société Générale believe that Gold exposure is set to provide great returns. Fixed income to do better than equities “Gold can offer protection against systemic risk.” “Continue rebalancing away from the USD. Gold will be a powerful protection […]
XAU/USD kisses $1,880 after a sheer recovery amid softer US yields
Share: Gold price has touched $1,880.00 amid a recovery in the risk-on market mood. Softer US yields are weighing on the USD Index despite hawkish Fed bets. Gold price is auctioning in a re-distribution episode in Wyckoff’s markdown phase. Gold price (XAU/USD) has refreshed its day’s high above $1,880.00 in the Asian session. The gold […]
XAUUSD Incomplete Triple Zigzag Hints at Further Growth
It is assumed that a triple zigzag pattern is formed for gold in the long term. This consists of sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Perhaps the first two sub-waves Ⓦ-Ⓧ have ended, and the third sub-wave Ⓨ is under development. The internal structure suggests that the wave Ⓨ forms an intermediate triple zigzag. We can see that sub-waves […]
Surfing the Waves with Gregor Horvat: EURUSD, AUDUSD, GBPUSD, XAUUSD, DAX, CADJPY & More!
Surfing the Waves with Gregor Horvat: EURUSD, AUDUSD, GBPUSD, XAUUSD, DAX, CADJPY & More! – Orbex Forex Trading Blog Home Technical Analysis Surfing the Waves with Gregor Horvat: EURUSD, AUDUSD, GBPUSD, XAUUSD, DAX, CADJPY & More! […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (8 February 2023)
2023.02.08 2023.02.08 Short-term analysis for oil, gold, and EURUSD for 08.02.2023 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for US Crude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. XAUUSD buyers try […]
Gold Price Hangs Tough as US Dollar Dominates Proceedings. Where to for XAU/USD?
Gold, XAU/USD, US Dollar, Fed, DXY Index, Powell, Treasury Yields – Talking Points The gold price is steady today as markets take on board Powell’s comments The US Dollar has been grinding the gears of other currencies, but not gold If volatility is to ratchet higher, will it provide direction for XAU/USD? Recommended by Daniel […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (7 February 2023)
2023.02.07 2023.02.07 Short-term analysis for oil, gold, and EURUSD for 07.02.2023 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for US Crude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. EURUSD reached the […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (6 February 2023)
2023.02.06 2023.02.06 Short-term analysis for oil, gold, and EURUSD for 06.02.2023 Alex Rodionovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for US Crude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The oil short-term […]
XAU/USD bounces off $1,860 support amid Fed, China concerns
Gold price snaps two-day downtrend at the lowest levels in a month. US Dollar bulls struggle ahead of Fed Chair Powell’s speech. Sino-American tussles renew as Washington shot down Chinese balloon. Gold price (XAU/USD) consolidates the recent losses as it prints mild gains around $1,875 during early Monday, printing the first positive day in three […]