Gold

The current structure of the XAUUSD pair hints at a global correction pattern. This takes the form of a cycle triple zigzag. The last section of the chart shows the structure of the bearish cycle intervening wave x. This ended as a…
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The sales pitch for gold is that it's a hedge against inflation, because it doesn't lose its value. It is a real commodity, unlike fiat currency. Yet, as inflation has skyrocketed around the globe this year, the price of gold has not. In…
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The internal XAUUSD structure suggests a global correction pattern, which takes the form of a cycle triple zigzag. On the current chart, we see the structure of the bearish cycle intervening wave x. This looks completed in the form…
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NZDUSD breaks support The New Zealand dollar weakened despite a 50bp hike by the RBNZ as risk sentiment fades. The pair hit resistance at 0.6460 and has given up most of its recent gains. A drop below 0.6300 at the base of last week’s…
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XAUUSD grinds rising trendline Gold rallies as the market awaits US inflation data. A break above the 30-day moving average has helped the recovery gain traction. A rising trendline from late July indicates a bullish bias. The latest…
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