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XAU

Gold Consolidates as Dollar Jumps!

David Kindley Aug 1, 2023 66 0

Gold remained consolidated after falling away from 2-month highs yesterday. Manufacturing PMI for July could give a clear direction for the yellow metal. With the greenback progressing in the last few sessions, will we see any…
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Fundamental Analysis

Will Silver Beat Gold?

Jing Ren Jul 28, 2023 62 0

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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Technical Analysis

Intraday Analysis – USD pulls back

Jing Ren Jul 27, 2023 38 0

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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Technical Analysis

The Week Ahead – Stay the course

Jing Ren Jul 24, 2023 54 0

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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Technical Analysis

Silver Drops to $24, Gold Holds!

David Kindley May 15, 2023 70 0

Silver continued last week's sell-off as the metal looked for support. With Gold holding its weight above $2K, the metal market looked mixed as Monday's session kicked off. With bulls and bears fully invested in the commodities, where…
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Technical Analysis

Gold Finds Support Ahead of Inflation Data!

David Kindley May 8, 2023 80 0

The yellow metal remains on the front foot after holding about the $2K level. A strong NFP report saw gold slide on Friday, however, it maintains its bullish run. However, CPI data could put a halt to a progressive dollar if we see an…
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Technical Analysis

XAUUSD Bullish Zigzag Pushes Past $2k!

Roman Onegin Mar 28, 2023 157 0

In the medium term, gold is expected to form a double zigzag. This consists of sub-waves Ⓦ-Ⓧ-Ⓨ inside the cycle wave z. Waves Ⓦ-Ⓧ have already ended and the third sub-wave Ⓨ is currently under development. Wave Ⓨ could be a…
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Technical Analysis

XAUUSD Double Zigzag Hits Equality

Roman Onegin Mar 6, 2023 199 0

In the long term, XAUUSD looks at forming a double zigzag pattern. This consists of sub-waves Ⓦ-Ⓧ-Ⓨ inside the cycle wave z. The first two sub-waves Ⓦ-Ⓧ have already ended, and wave Ⓨ is under development. Perhaps the wave Ⓨ takes…
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Technical Analysis

Gold Looking to Correct at $1800!

David Kindley Feb 28, 2023 68 0

The yellow metal is under further pressure as economists seek the next support level. Prices at the $1800 level have not been seen in over 2-months as traders gear up for the next test. With the dollar being robust in the last few…
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Fundamental Analysis

Outlook 2023: Gold

Daniel John Grady Dec 30, 2022 200 0

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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