Gold

NZDUSD tests major support The New Zealand dollar struggles as the RBNZ postpones its rate hike against expectations. The pair had failed to push above the supply area near 0.7100 from the daily chart. The RSI’s double top was a…
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In today’s video, our Head of Research Stavros Tousios dives into the top Elliott Wave opportunities the markets have in store for us. Asset timestamps are as follows: DXY 00:45 EURUSD 04:25 GBPUSD 06:45 USDJPY 08:25…
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On Monday, many traders came to their desks to find an unwelcome surprise. Commodity prices had dropped precipitously. Gold, in particular, was remarkably lower. As investors searched for an explanation, stocks fell. Of course, the…
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The current XAUUSD structure suggests that the intermediate correction wave (4), which is currently under construction, is a triple zigzag. This triple zigzag consists of minor sub-waves W-X-Y-X-Z. The second minor intervening wave X has…
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USDCAD grinds key resistance The Canadian dollar fell after an uptick in Canada’s unemployment rate in July. The pair has found bids at 1.2430, a key support on the daily chart. A second test of the demand-turned-supply zone around…
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XAUUSD challenges resistance Gold whipsawed after Fed Vice Chair Richard Clarida’s hawkish comment on the US recovery. The price is holding on to its gains above 1805. A previously oversold RSI has prompted buyers to bid the dip in…
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