XAU/USD exposes to $1,850 as yields strengthen amid hawkish Fed bets
Gold price is expected to continue its downside journey to near $1,850.00 as US yields have strengthened. The speech from Fed chair Jerome Powell will provide the likely monetary policy action ahead. Goldman Sachs sees two more interest rate hikes by the Fed in March and May. Gold price (XAU/USD) has resumed its downside journey […]
XAU/USD plummets below $1890 after stunning US NFP report
Gold plunges after a solid January US NFP report. The US economy added more than 500K jobs, and the unemployment rate fell to 3.4%. Gold Technical Analysis: To the upside eyeing $1890, and downwards $1850. Gold price tumbles sharply after the US Department of Labor revealed a staggering Nonfarm Payrolls report that added more jobs […]
Wild beat on NFP pummels XAU/USD – TDS
Gold price tumbles sharply after a solid January US Nonfarm Payrolls report. A break under $1,880 would exacerbate losses, strategists at TD Securities report. Pricing for rate cuts has notably reversed weekly gains “A wild beat on NFP data is creating shocking whipsaws in recent trends. Pricing for rate cuts has notably reversed weekly gains, […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (3 February 2023)
2023.02.03 2023.02.03 Short-term analysis for oil, gold, and EURUSD for 03.02.2023 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 […]
Upside risk to XAU/USD forecast of $1,850 at year’s end – Commerzbank
Gold price surged by $30 immediately after the Fed’s meeting on Wednesday evening and reached $1,960 the following day. Economists at Commerzbank see upside risks to their XAU/USD year-end forecast of $1,850. US interest rate outlook to remain the more important driver “The US interest rate outlook is likely to remain the more important driver […]
Spot Gold Analysis. XAUUSD: $1866/1836 or $2023 in 2023?
2023.02.03 2023.02.03 Spot Gold Analysis. XAUUSD: $1866/1836 or $2023 in 2023? Piyush Ratnuhttps://www.litefinance.org/blog/authors/piyush-ratnu/ The article covers the following subjects: Analysis 06.01.2023 Accuracy Summary and Review As projected in my analysis dated 06.01.2023: If the Bullish momentum pushes Gold price across $1854 barrier, $1866 and $1888 followed by $1907 zone can be the next target for […]
Gold Price Forecast: XAU/USD on the Precipice
GOLD ANALYSIS & OUTLOOK Markets respectful of Fed’s hawkish language, USD bid. NFP and ISM Non-Manufacturing data in focus later today. XAU/USD daily close key for near term directional bias. Recommended by Warren Venketas Get Your Free Gold Forecast XAU/USD FUNDAMENTAL BACKDROP Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling […]
XAUUSD: Elliott wave analysis and forecast for 03.02.2023 – 10.02.2023
2023.02.03 2023.02.03 XAUUSD: Elliott wave analysis and forecast for 03.02.2023 – 10.02.2023 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider long positions above the level of 1865.40 with a target of 2000.00 – 2050.00 after correction. Alternative scenario: breakout and consolidation below the level of 1865.40 will allow the pair to continue declining to the levels of 1818.01 […]
XAU/USD could suffer a correction in the next few weeks – Commerzbank
Gold climbed above $1,950 following the Fed meeting. Economists at Commerzbank expect the yellow metal to shed some of its gains in the next few weeks. Sceptical view of ETF investors “Short-term investors are pricing in an upcoming end to the rate hike cycle and rate cuts in the near future. We do not rule […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (2 February 2023)
2023.02.02 2023.02.02 Short-term analysis for oil, gold, and EURUSD for 02.02.2023 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 euro uptrend […]