XAU/USD slips below $1930 after US PCE and UoM Consumer Sentiment
US Dollar climbs as the Federal Reserve preferred gauge for inflation, with core PCE creeping lower. According to the University of Michigan (UoM) poll, US consumers’ inflation expectations edged lower. Gold Price Analysis: The rally from $1,616.71 to $1,949.16 could end, as a doji emerged in the weekly chart. Gold price falls for the second […]
XAUUSD: Elliott wave analysis and forecast for 27.01.23 – 03.02.23
2023.01.27 2023.01.27 XAUUSD: Elliott wave analysis and forecast for 27.01.23 – 03.02.23 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider long positions above the level of 1861.51 with a target of 2000.00 – 2050.00 after correction. Alternative scenario: breakout and consolidation below the level of 1861.51 will allow the pair to continue declining to the levels of 1772.93 […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (27 January 2023)
2023.01.27 2023.01.27 Short-term analysis for oil, gold, and EURUSD for 27.01.2023 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. Gold is being […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (26 January 2023)
2023.01.26 2023.01.26 Short-term analysis for oil, gold, and EURUSD for 26.01.2023 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. Oil is being […]
XAU/USD buyers could retain control if US GDP dismisses recession fears
Gold price bulls take a breather just below $1,950 after the ongoing upsurge. XAU/USD eyes critical US events for the next move, FXStreet’s Dhwani Mehta reports. United States Gross Domestic Product data to affect risk trends “Should the key US US GDP disappoint, implying signs of slowing down in the American economy, the USD could […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (25 January 2023)
2023.01.25 2023.01.25 Short-term analysis for oil, gold, and EURUSD for 25.01.2023 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. Euro continues rising. […]
XAU/USD bulls approach $1,967 ahead of United States Gross Domestic Product
Gold price takes the bids to renew nine-month high, up for the fourth consecutive day. US Dollar weakness underpins XAU/USD upside amid cautious mood ahead of the key United States Gross Domestic Product. Dovish bias surrounding the Fed contrasts with the hawkish outlook over ECB to weigh on USD and favor Gold buyers. Convergence of […]
XAU/USD is expected to rally further – Credit Suisse
Os Tuesday, Gold XAU/USD registered its highest daily close since April. Strategists at Credit Suisse expect the yellow metal to enjoy further gains. Initial support aligns at $1,897 “Gold is expected to extend its rally to resistance next at the 78.6% retracement of the 2022 fall and April 2022 high of $1,973/98, with a fresh […]
Gold Holds the High Ground as US Dollar Languishes. Where to for XAU/USD?
Gold, XAU/USD, US Dollar, FOMC, AUD/USD, RBA, NZD/USD RBNZ, Crude Oil – Talking Points The gold price remains steady near its highs today as yields slip elsewhere Australia and New Zealand saw uncomfortable CPI data that sent AUD/NZD north The market is eyeing next week’s FOMC meeting. What will it mean for XAU/USD? Recommended by […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (24 January 2023)
2023.01.24 2023.01.24 Short-term analysis for oil, gold, and EURUSD for 24.01.2023 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 gold short-term […]