XAU/USD aims to extend rally above $1,920 as Fed to ease policy tightening pace
Gold price is looking to extend gains above $1,920.00 decisively amid weakness in the US Dollar Index (DXY). The Fed is expected to scale down the policy tightening pace amid declining inflation. S&P500 recorded a four-day winning streak, portraying a risk-on market mood. Gold price (XAU/USD) has turned sideways after a juggernaut rally to near […]
XAU/USD uptrend extends, bulls eye $1,920
Gold price continued to extend its weekly gains, above the $1,900 mark. Trader’s speculations that the US Federal Reserve would slow rate hikes pace boosted Gold prices. Gold Price Analysis: Daily close above $1,920 could pave the way toward $2,000. Gold price hit a new 9-month high at $1,913.18 on Friday, amidst investors’ speculations that […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (13 January 2023)
2023-01-13 2023-01-13 Short-term analysis for oil, gold, and EURUSD for 13.01.2023 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. EURUSD reached Gold […]
XAU/USD could make a downward correction in the short term
Gold has climbed above $1,900 for the first time in seven months ahead of the weekend. But the technical outlook suggests XAU/USD eyes correction before extending rally, FXStreet’s Eren Sengezer reports. $1,880 aligns as initial support “XAU/USD’s near-term technical outlook points to overbought conditions with the pair trading slightly above the ascending regression channel coming […]
Gold Prices Break Higher After US CPI Sank US Dollar, Where to for XAU/USD?
Gold, XAU/USD, US CPI, Inflation, Bonds, Fed – Asia Pacific Market Open Gold prices roar higher as in-line US CPI report sinks US Dollar Markets slowly pricing out 2 more Fed rate hikes in months ahead XAU/USD breakout restores upside momentum, hinting at gains Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Asia-Pacific Market […]
XAU/USD Soars but Overbought Signals Flash Red
Gold (XAU/USD) Analysis Gold maintains bullish momentum after welcome CPI data Gold faces fresh resistance above 1900 which may pose too stern a challenge as overbought signals sound the alarm for bullish continuation plays The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our […]
XAUUSD: Elliott wave analysis and forecast for 13.01.23 – 20.01.23
2023-01-13 2023-01-13 XAUUSD: Elliott wave analysis and forecast for 13.01.23 – 20.01.23 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider long positions from corrections above the level of 1784.20 with a target of 1950.00 – 2000.00. Alternative scenario: breakout and consolidation below the level of 1784.20 will allow the pair to continue declining to the levels of 1723.86 […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (12 January 2023)
2023-01-12 2023-01-12 Short-term analysis for oil, gold, and EURUSD for 12.01.2023 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 price broke […]
XAU/USD eyes $1,900 and US CPI on renewed upside – Confluence Detector
Gold price looks north, as US Dollar licks its wounds amid sluggish Treasury yields. Markets turn cautious amid expectations of a softer US CPI report. Gold bulls stay hopeful whilst above critical $1,825 support, eye $1,850 again. Gold price is holding near eight-month highs, as bulls seek another to take on the $1,900 barrier ahead […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (11 January 2023)
2023-01-11 2023-01-11 Short-term analysis for oil, gold, and EURUSD for 11.01.2023 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 is trading under […]