Gold

EURUSD breaks higher The euro surges over speculation of a bigger-than-expected 50 basis point hike on Thursday. After a brief venture below parity, the price action triggered a ‘buy-the-dips’ behaviour. A pop above 1.0190 eased the…
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The XAUUSD formation hints at a global correction pattern that takes the form of a cycle triple zigzag. The current chart shows the internal structure of the bearish cycle intervening wave x. This looks completed in the form of a…
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A strong dollar has seen a decline in both the yellow and black gold recently. Gold is expected to test the $1700, with WTI already breaking the $100 level. With recession fears mounting and China battling renewed Covid-19 outbreaks…
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Oil continued its slide to a 12-week low on fears of a global recession. A strong dollar coupled with increasing Covid-19 cases in China, saw the sell-off continue. Further lockdowns in the world's biggest oil importer could shake up…
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XAUUSD tests key support Gold struggles to bounce higher as the US dollar recovers across the board. The price’s failure to hold above the demand zone around 1818 reveals a lack of commitment from the long side. Instead, rebounds have…
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GBPUSD weakens as recession looms Sterling tumbles as Britain's cost-of-living crunch is pushing the country to the brink of recession. Inflation hit a new 40-year high of 9.1% in May as soaring energy bills and Brexit trade friction…
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EURUSD hits resistance The US dollar bounces back ahead of inflation data later in the week. A bullish MA cross on the daily chart suggests that the recovery may have picked up speed. Even though the rally had come under pressure in…
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XAUUSD is forming a global corrective trend which takes the form of a cycle triple zigzag. On the 1H timeframe, we see the final part of the completed actionary wave y in the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ of the primary degree.…
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GBPUSD tests daily resistance The pound surged after the UK saw a jump in average earnings over the past three months. Solid bullish momentum above 1.2400 has prompted sellers to cover their positions, exacerbating volatility in the…
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