Gold

The Gold structure suggests that the intermediate correction wave (4), is a triple zigzag consisting of minor sub-waves W-X-Y-X-Z. As part of the correction (4), the final minor wave Z is under construction and is almost complete. If we…

XAUUSD awaits breakout Gold inched higher as the dollar index hit a two-week low. The latest rebound has been checked by the psychological level of 1800. With the RSI showing an overbought situation, short-term buyers were swift in…

GBPUSD rises back as recovery gains traction The pound bounces higher as the UK's recovery may have gained a foothold. Britain’s economy grew 0.4% month-on-month in August, following a 0.1% contraction in the previous period.…

USDCAD falls through critical floor The US dollar tumbled after weaker-than-expected nonfarm payrolls in September. The pair has struggled to bounce back over the past few weeks. The break below 1.2500, a major demand zone on the…

XAUUSD tests resistance Gold hit a speed bump after an upbeat ISM Services PMI boosted the dollar’s appeal. The metal saw buying interest in the major demand zone around 1720. A bullish RSI divergence indicates a slowdown in the…