Gold

XAUUSD still undecided Gold remains caught in a loop as prices consolidate around the 2340 zone. The precious metal is at a crossroads on the chart, trading between the double bottom of 2320 and the congestion area formed by the…
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USOIL continues the bull run WTI gained over 3% as the market focused on the upcoming OPEC+ meeting. The recent recovery has seen over $4 added to the black gold's value as price action breaks the 80.00 level. Now that bears have thrown…
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Gold managed to hit a few dollars below the support of 2335, creating some market selling pressure. As we can see from the chart, the market faces some support around 2320, with resistance around 2380. Below 2320, more of a drop can…
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Central banks are finalizing the latest data checks to see when (or, in some cases, if) they can start easing. That includes close scrutiny of inflation, naturally. The biggest driver of inflation is the consumer confidence. With market…
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US Durable Goods and the Elusive Fed Rate Cut The markets appear to be becoming increasingly comfortable with the idea that the US has avoided a recession, and it's now on a firm upward trajectory. That explains the recent highs in the…
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XAUUSD tests support Gold falls from its recent record high as traders await numerous Fed speakers and meeting minutes. A fall below the daily support 2400 will dent the bullish mood, prompting buyers to trim their exposure in fear of a…
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