Browsing Tag

Gold

Another Record High as Gold Jumps $100!

David Kindley Mar 5, 2024 40 0

Gold trades at multi-month highs as investors digest the recent US inflation and economic data. With the price of gold on the rise and a record high in sight, will there be any lowdown for the yellow metal? In addition, Bitcoin has…
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Technical Analysis

Intraday Analysis – Gold Breaks Resistance

David Kindley Mar 4, 2024 60 0

XAUUSD overbought double top The gold chart shows that gold kept the bullish rally going after another $20 move. A pop above the immediate resistance of 2045 has prompted buyers to attract more buyers as the price moves towards the…
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Technical Analysis

Gold Jumps $20 & Breaks Resistance!

David Kindley Mar 1, 2024 77 0

Gold and Oil saw their bull trends continue after a rally broke resistance. With a move over $80, the black gold will be pushed to $100. As Gold keeps bears in check, will we see a move to $2100 soon? Timestamps XAUUSD 01:10 WTI…
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Technical Analysis

Dollar Weakens as Gold Jumps $40!

David Kindley Feb 26, 2024 55 0

Gold held its nerve after finding some resistance as it traded around the mid-$2030 area. With US inflation data delaying interest rate cuts, the Fed is now waiting for the next round of data. Are we witnessing a sell-off or just a…
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Technical Analysis

Intraday Analysis – Gold Reaches its Peak

David Kindley Feb 26, 2024 59 0

XAUUSD begins consolidating Bullion steadied as the US dollar lifted briefly after days of weakness. The precious metal consolidates around the 2030 zone in the gold market as buyers look for another $40 jump. 2038 is the immediate…
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Technical Analysis

The FOMC Drives Gold as Fed Remains Hawkish!

David Kindley Feb 22, 2024 34 0

The FOMC reaffirmed market expectations that the Fed will keep rates higher for longer. With inflation failing to fall fast enough, the Fed reiterated its hawkish outlook. What other markets could be affected as Gold jumps and the…
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Technical Analysis

Gold Begins the Fightback!

David Kindley Feb 19, 2024 34 0

Gold continues its road to recovery after moving over $30 to the upside. The US Dollar eased with Treasury bond yields and negative retail sales data. With the FOMC eyed this week, will we see more of a push with the yellow metal?…
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Technical Analysis

Intraday Analysis – USD Holds Strong,The FTSE 100 Eyes Recovery

David Kindley Feb 16, 2024 48 0

UK 100 consolidates gains The FTSE 100 bounced back after confirmation that the UK fell into a technical recession. Prices now remain on an upward trajectory after bouncing off the 20-day SMA. In the medium term, the 7700 zone looks to…
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Technical Analysis

NFP Wipes $60 Off Gold!

David Kindley Feb 5, 2024 37 0

Gold starts the new week with a downturn as the Dollar pushes on. The NFP report is hotter than expected, so price action remains bearish. However, the rising geopolitical tensions could lift gold, but it is a long way from the…
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Fundamental Analysis

Does The January Barometer Carry Over to Forex?

Daniel John Grady Feb 5, 2024 130 0

There is a saying among equity traders: "As goes January, so does the year." Meaning that if stock markets rise in January, typically the rest of the year will be positive. And vice versa. This is known as the "January Barometer". So, given…
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