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Gold

Gold Loses $150 as Metals Take a Beating

David Kindley Dec 12, 2023 63 0

The metal market continued its sell-off as both Gold and Silver remained bearish. With the yellow metal losing over $150 in one week, it seems that the slide could continue. As Silver licks its wounds, will we see a recovery any time…
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Technical Analysis

Intraday Analysis 06.12.2023

Jing Ren Dec 6, 2023 60 0

EURUSD falls back The US dollar recouped more losses after a better-than-expected services PMI. The pair has struggled to secure bids after it turned south in the 1.1000 supply zone from last August’s sell-off. Short-term sentiment went…
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Technical Analysis

Gold, Gold, Gold!

David Kindley Dec 5, 2023 72 0

As Gold hit record highs above $2100, it has since seen a dramatic drop as sentiment shifted once again. With the dollar seemingly holding ground, was this just a false reaction to buying rumours in the market? Timestamps XAUUSD…
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Technical Analysis

Intraday Analysis 30.11.2023

Jing Ren Nov 30, 2023 87 0

NZDUSD tests resistance The New Zealand dollar jumped after the RBNZ warned that further policy tightening might be needed. The pair is testing 0.6210 at the start of a sell-off in August and a bullish breakout would put last summer’s…
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Technical Analysis

Gold Breaks Resistance but Will it Hold?

David Kindley Nov 27, 2023 81 0

The yellow metal continues to hold above $2,000 on the back of a weakened dollar. As gold broke the previous resistance after a full recovery, can the instrument maintain its elevated stance? Timestamps XAUUSD 01:05 DXY 02:50
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Technical Analysis

The Week Ahead – Back in the game

Jing Ren Nov 24, 2023 59 0

USDJPY steadies as BoJ may stay dovish The Japanese yen struggles as the end of the massive monetary stimulus seems elusive. As the exchange rate hits its yearly high, market participants are awaiting signs that the Bank of Japan will…
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Technical Analysis

Fed Dovish as Gold has $2K Rejection

David Kindley Nov 23, 2023 64 0

As the Fed remains reasonably comfortable with the progress of the economy, rate hikes could now be a thing of the past. The main question is how long before rate-cutting begins. With one more interest rate decision to go before the…
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Technical Analysis

Dollar Sinks as Gold Remains Stable

David Kindley Nov 20, 2023 47 0

The dollar index had another session to forget as more value was wiped off the chart. As Gold remains stable, will the FOMC throw up any more surprises? Timestamps XAUUSD 01:25 DXY 03:05
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Technical Analysis

Dollar Still Recovering as Gold Attempts Comeback

David Kindley Nov 16, 2023 53 0

Gold remains stable as it jumped over $40 in recent trading. With the market pricing in an end to the Fed’s rate hikes, how will this affect the greenback? Timestamps XAUUSD 01:25 DXY 02:55
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Technical Analysis

Intraday Analysis – USD breaks lower

Jing Ren Nov 15, 2023 129 0

EURUSD shoots higher The US dollar plunged after a further slowdown in the pace of inflation in October. The pair had previously secured a solid holding above 1.0660 which sits at the confluence of the 20-day SMA and the base of the…
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