Gold

NAS 100 consolidates as panic selling slows down Tech stocks were among the hardest hit when investors feared the era of cheap money may end sooner than later, and along with it the breakneck rise of growth sectors. However, the…

SPX 500 rebounds from daily trendline The S&P 500 reverses sharp decline as investors digest soaring consumer prices. On the daily timeframe, the index saw strong buying interest on the rising trendline (4040) from March 2020.…

Even a casual look at the quarterly reports that have been coming out during the latest earnings season shows that inflation is looming. Many companies report that they are seeing increasing prices from their suppliers, and are actively…

The XAUUSD structure indicates that a bearish corrective wave (4) has ended. A rise in a new bullish impulse formed the minor waves 1 and 2. Minor wave 3 is currently under development with the structure schematically on the chart.…

EURUSD pulls back to support The euro popped higher after the Eurozone's bond yields rose on improved sentiment. The pair maintained its recovery trajectory after it turned 1.1990 from resistance into support. The euro has met…

EURUSD climbs on improved sentiment The US dollar may continue to lag behind other major currencies as risk sentiment improves. Markets seem to have bought repeated assurances from the Fed that it will keep interest rates low, at…

The current structure for gold shows a bearish corrective wave (4), which has been formed for a long time. Most likely, it came to an end, taking the form of a minor triple zigzag. At the time of writing, the initial part of the new…

USDCHF retreats to major support The US dollar is treading water as traders await inflation data which would dictate the next movement. The greenback has fallen back to test the medium-term support (0.9210) from the daily chart…

The precious metal has been trading within the confines of the 1760 and 1676 levels for over a month. Price action remains within the downtrend as seen from the larger declining price channel. Within this price channel, we also have a…

The second quarter is shaping up to be the best time for commodities in general, even though they have already moved higher in anticipation. The US and UK are expected to fully open their economies by the summer. This will, therefore,…