XAU/USD could skyrocket to $2,300 on a move beyond highs at $2,070/2,075 – Credit Suisse
Gold has started 2023 strongly. Strategists at Credit Suisse do not rule out a strong surge to the $2,300 mark. Break below $1,729 to turn the risk back lower “We look for further tactical gains to test the 61.8% retracement of the 2022 fall and June 2022 high at $1,876/96, which ideally caps for now. […]
Forex Today: Waiting about to end, does not look good for the US Dollar
What you need to take care of on Thursday, January 12: Market players held their breath for a second consecutive day, with major pairs holding on to f Source link
Gold Eyes New Highs Ahead of US CPI as Fed Preps for Hike. Where to for XAU/USD?
GOLD, XAU/USD, US Dollar, Real Yield, AUD/USD, Crude Oil – Talking Points Gold continues to glisten ahead of crucial inflation data The Fed continues to talk tough on rates, but equities rally anyway China’s re-opening has underpinned base metals, Will it boost XAU/USD? Recommended by Daniel McCarthy Get Your Free Gold Forecast Gold made an […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (10 January 2023)
2023-01-10 2023-01-10 Short-term analysis for oil, gold, and EURUSD for 10.01.2023 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 reached […]
XAU/USD to extend its rally on slowing inflation – Commerzbank
Gold price climbed to $1,880 at the start of the week, thereby posting an eight-month high. The US inflation data for December will be released on Thursday and could lend further tailwind to the yellow metal, economists at Commerzbank report. Inflation rate to have fallen from 7.1% to 6.5% “US inflation data could lend further […]
XAU/USD supported by negative real yields – Erste Group
XAU/USD increased by +9.9% in the fourth quarter. Negative real yields favour a rising Gold price, economists at Erste Group Research report. Gold to inch higher to around $1,890 in 1Q 2023 “Real yields remain in negative territory in 1Q 2023 despite Fed rate hikes. This is a factor that favours a rising Gold price. […]
XAU/USD at risk of suffering a setback – Commerzbank
Gold price has chalked up gains at the start of the new year. Nonetheless, strategists at Commerzbank envisage a risk of setbacks in the yellow metal market. Any lasting recovery will require a shift in sentiment among ETF investors “Gold’s upswing is presumably due primarily to more optimism among speculative financial investors, who are generally […]
Gold Prices (XAU/USD) Battered by USD Strength Ahead of NFP Report
Gold (XAU/USD), USD Talking Points Ahead of NFP’s Recommended by Tammy Da Costa Get Your Free Gold Forecast Gold Prices Surrender to Dollar Strength Ahead of NFP Report – Hawkish Fed Weighs on XAU/USD Gold prices have pulled back from their recent high as rate expectations and recession risks continue to drive sentiment. With the […]
XAU/USD renews eight-month high near $1,880 on China concerns, softer US Dollar
Gold price grinds higher after refreshing multi-day high. China unlock, PBOC’s gold stocking underpins XAU/USD run-up. US Dollar bears the burden of downbeat data, mixed Fedspeak. Light calendar, cautious mood ahead of US inflation figures probe Gold buyers. Gold price (XAU/USD) rises to the highest levels since early May 2022 as the risk-on mood joins […]
Technical analysis of US Crude, XAUUSD, and EURUSD for today (5 January 2023)
2023-01-05 2023-01-05 Short-term analysis for oil, gold, and EURUSD for 05.01.2023 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 […]