XAU

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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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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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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The current Gold chart shows a large correction pattern which 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 looks completed in the form of 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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