Recommended by Daniel Dubrovsky Get Your Free USD Forecast The US Dollar outperformed its major counterparts this past week, with the DXY Dollar Index gaining over 0.8 percent. In fact, the DXY just wrapped up its 4th consecutive weekly gain. The last time the same winning streak occurred was back in February. A 5th push
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Share: Gold weakness has extended back to key support at $1,898/1,893 but strategists at Credit Suisse continue to look for a floor here. Weekly close below $1,893 would reinforce the longer-term sideways range We look for key support and the 38.2% retracement of the 2022/2023 uptrend, 200-DMA and June low at $1,900/$1,891 to
Share: Gold price looks supported but needs to pass through more filters for a confident reversal. US inflation grew slower than forecasted in July as lower second-hand automobile prices offset rising rentals. US President Biden restricts some new investment in China in sensitive technologies. Gold price (XAU/USD) faces selling pressure as the United States Producer Price
Gold, XAU/USD, CPI, Trendline Breakout – Precious Metals Briefing: Gold prices sink in the aftermath of US inflation data Longer-term Treasury yields outpaced the front-end This will continue making life difficult for XAU/USD Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Gold prices weakened in the aftermath of US inflation data on Thursday, reversing
Gold, XAU/USD – Price Action & Outlook: Gold appears to be losing ground amid rising real yields. Most recently, XAU/USD has fallen below key support, accentuating downside risks. What are the key levels to watch in XAU/USD? Recommended by Manish Jaradi Traits of Successful Traders Higher real rates could be starting to finally weigh on
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Gold, XAU/USD, Trendline, Death Cross – Technical Update: Gold prices have fallen to a key rising trendline from February A breakout could mark the beginning of a broader bearish bias The 4-hour timeframe has a bearish Death Cross in focus Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Daily Chart Following cautious losses since