Gold Price Steady After US Dollar Pummelling. Will XAU/USD Rally Again?
Gold, XAU/USD, US Dollar, Jobs, Fed, Crude Oil, USD/JPY – Talking Points Gold found some support today after wilting overnight The US Dollar resumed strengthening yesterday after solid data If the markets understand the Fed correctly, will that drive XAU/USD? Recommended by Daniel McCarthy Get Your Free Gold Forecast The gold price took a beating […]
XAU/USD Primed for the Next Leg Higher
Gold Price (XAU/USD), Chart, and Analysis Financial markets disagree with the Fed’s ‘higher for longer’ narrative. Higher highs and lows keep the precious metal moving higher. Recommended by Nick Cawley Download our brand new Q1 2023 Gold forecast Gold is ending the week on a high after data painted a mixed picture of the health […]
Spot Gold Analysis. XAUUSD: $1888/1926 or $1818/1777 after non-farm payrolls day data?
2023-01-06 2023-01-06 Spot Gold Analysis. XAUUSD: $1888/1926 or $1818/1777 after non-farm payrolls day data? Piyush Ratnuhttps://www.litefinance.org/blog/authors/piyush-ratnu/ The article covers the following subjects: Analysis 02.12.2022 Accuracy Summary and Review As projected in my analysis dated 02.12.2022: If the Bullish momentum pushes Gold price across the $1812 barrier, $1818, 1836 and 1866 can be the next target […]
XAUUSD: Elliott wave analysis and forecast for 06.01.23 – 13.01.23
2023-01-06 2023-01-06 XAUUSD: Elliott wave analysis and forecast for 06.01.23 – 13.01.23 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider short positions from corrections below the level of 1866.32 with a target of 1741.81 – 1711.41. Alternative scenario: breakout and consolidation above the level of 1866.32 will allow the pair to continue rising to the levels of 1920.84 […]
XAU/USD climbs steadily toward $1,850 after solid US NFP data
US Nonfarm Payrolls exceeded estimates of 200K, while the unemployment rate edged lower. Average Hourly Earnings were lower than the 5% foreseen, signaling the absence of a wage spiral. Gold Price Forecast: To find solid resistance around $1,852-$1,860. Gold price extends its gains after the US Nonfarm Payrolls showed the US economy added more jobs […]