Gold

As a hedge against uncertainty, gold is expected to have quite an active year in 2023. There are many risk events already on the calendar for the next 12 months, and then we have to consider the unforeseeable events that could shake up…
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GBPUSD seeks support The pound struggles as market sentiment remains cautious with thin liquidity. The pair is still looking to hold onto its gains after clearing last August’s high of 1.2280. Even though short-term buyers have bailed…
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XAGUSD suggests the development of the corrective wave b, which is part of the global zigzag. Correction b most likely takes the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four primary waves are completed, and the last wave is still…
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XAUUSD seems to be continuing the development of a large correction pattern taking the form of a cycle triple zigzag. The 1H timeframe shows the final part of the completed cycle intervening wave x, which is a triple zigzag…
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Gold is looking to recapture the $1,800 handle as risk appetite does not slow down. The yellow metal display some volatile moves as investors have shifted their focus toward releasing the US CPI. On the flip side, the DXY stays firmer…
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XAUUSD seems to form a large correction pattern forming a cycle triple zigzag. The 1-hour timeframe shows the final part of the completed cycle intervening wave x. This is a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. There is a possibility that the…
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For over a month now, gold prices have been trending higher, gaining over 10% since the start of November. Naturally this poses the question of whether a new peak is coming, or will the precious metal keep moving up through next year. The…
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The precious metal reached a 3-month high on Friday as the NFP failed to fade risk appetite. Investors are awaiting further guidance as the ISM Services data follows up today. The DXY is looking to test the previous week’s low as…
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