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Gold Prices Power Ahead, Will XAU/USD Break $2,000 Soon?

Gold Price (XAU/USD), Chart, and Analysis Recommended by Nick Cawley Get Your Free Gold Forecast The outlook for gold remains positive with the precious metal continuing its multi-month move higher. A weaker US dollar, caused in part by a stronger Euro, global recessionary fears, and growing expectations that the Fed will ease back on interest […]

Technical analysis of US Crude, XAUUSD, and EURUSD for today (23 January 2023)

2023.01.23 2023.01.23 Short-term analysis for oil, gold, and EURUSD for 23.01.2023 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 EURUSD  broke […]

XAU/USD bulls move in ahead of key events and pending Federal Reserve

Gold price runs higher within the consolidation and towards recent bull cycle highs.  Gold price will now depend on key United States economic events ahead. The Federal Reserve is looming and all will be revealed at the start of February.  Gold price has been a touch higher at the start of the week, digging into […]

XAU/USD grinds higher ahead of United States Gross Domestic Product

Gold price remains sidelined near nine-month high after a five-week uptrend. Mixed signals from Federal Reserve, mostly downbeat United States data improved sentiment and propelled Gold prices of late. Lunar New Year holidays in China, Fed’s ‘Blackout period’ may challenge XAU/USD traders. Purchasing Managers Indexes, Gross Domestic Product will be crucial for fresh impulse. Gold […]

XAU/USD struggles around $1930s, drops on buoyant US Dollar

Gold price is set to finish the week around $1920s after hitting a multi-month high of nearly $1938. Thursday’s US economic data was mixed, showing that the labor market is far from portraying an upcoming recession. Gold Price Analysis: The 100-DMA crossed above the 200-DMA, further cementing the upward bias. Gold price retreats from multi-month […]

Technical analysis of US Crude, XAUUSD, and EURUSD for today (20 January 2023)

2023.01.20 2023.01.20 Short-term analysis for oil, gold, and EURUSD for 20.01.2023 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 oil short-term […]

XAU/USD buyers positioned for a test of $1,950

Gold price booked a fifth straight weekly gain. XAU/USD could extend the uptrend to $1,950, as FXStreet’s Dhwani Mehta notes. Daily technical setup favors Gold bulls “Gold price rebound from the horizontal trendline support around $1,897 levels has revived the uptrend, with buyers positioned for a test of the $1,950 psychological level. The next stop […]

XAUUSD: Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 | LiteFonance

2023.01.20 2023.01.20 XAUUSD: Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider long positions from corrections above the level of 1832.12 with a target of 2000.00 – 2050.00. Alternative scenario: breakout and consolidation below the level of 1832.12 will allow the pair to continue declining to the levels of 1772.93 […]

XAU/USD Bounces Back, Rising Above $1,900

Gold (XAU/USD) Talking Points: Gold prices find temporary support above $1,900 XAU/USD recovers from recent slump as bulls aim to drive price action back above $1,930 USD and yields continue to contribute to driving sentiment and price action for precious metals. Recommended by Tammy Da Costa Get Your Free Gold Forecast Gold prices are currently […]