Gold

EURUSD retreats as ECB may pause The euro drifts lower as a September rate hike could be off the table. The ECB chief economist’s optimism that inflation was easing might weigh in amid growing arguments for a policy pause. After nine…
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USDCHF bounces higher The Swiss franc edged lower after GDP growth flatlined in the second quarter. On the daily chart, the price has been inching up along the 20-day SMA following a bullish MA cross. This is a sign that sentiment has…
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Gold is one of the favorite trading instruments in the precious metals asset class. Its appeal ranges from the intraday trader/speculator to investors involved in actual purchasing of the bullion. Well-known for its status as a…
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A recent survey conducted by Reuters showed economists and analysts predicting gold prices would average below the $2,000/oz mark this year and would be even lower next year. On the other hand, they predicted silver prices to average…
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EURUSD bounces off key support The US dollar slumped as the Fed raised interest rates by 25 basis points as widely expected. The pair has given back over half of the gains from the rally earlier this month. Medium-term sentiment would…
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EURUSD rallies as ECB to keep hiking rates The euro advances as the ECB is expected to maintain a hawkish stance. Even though inflation in the euro zone has been slashed by half from its peak of 10.6% last October, policymakers are…
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In the long term, XAUUSD builds a primary double zigzag consisting of three main sub-waves Ⓦ-Ⓧ-Ⓨ. There is a high probability that a third sub-wave Ⓨ is under development. Judging by the internal structure, the wave Ⓨ will take a…
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