GOLD PRICE FORECAST Gold prices lack direction, languishing near the lowest level since August 29, as traders await new data The August U.S. inflation report, due for release next Wednesday, may be an important catalyst for precious metals This article looks at key XAU/USD’s technical levels that may come into play in the near term
Share: Gold Price pares recent losses at weekly low after five-day losing streak. XAU/USD bears the burden of strong US Dollar, China woes. Mostly upbeat United States data, Federal Reserve talks propel yields, US Dollar and weigh on the Gold Price. Risk catalysts, mid-tier US data and Fed signals eyed for fresh impulse
NordFX Brokerage has summarized the trading performance of its clients for August 2023. The company has also evaluated its social trading services, CopyTrading and PAMM, as well as the profits earned by its IB partners. – In August, a client from Western Asia, with account number 1692XXX, ascended to the top “golden” tier of the
Gold, XAU/USD, Treasury Yields, TIPS, Real Yields, BRIC, Gold Hoarding – Talking Points The gold price is struggling to break the range as hurdles are ignored for now More important than elevated Treasury yields, real yields have been strengthening BRIC nations might be eyeing gold for alternative purposes. Will it drive XAU/USD north? Trade Smarter
Share: Gold price juggles below the $1,950.00 resistance as the focus shifts to the US Services PMI. US markets will remain closed on Monday on account of Labor Day. Cooling labor market conditions boost the Fed’s hopes of a soft landing. Gold price (XAU/USD) traded back and forth from the past four trading
Share: Gold price regains positive traction and remains within the striking distance of a one-month top. Expectations that the Federal Reserve is down with its rate-hiking cycle underpin the XAU/USD. A positive risk tone might hold back bulls from placing aggressive bets and cap any further gains. Gold price attracts fresh buying on
Share: XAU/USD rose to a daily high of $1,952 and then got rejected by 100-day SMA, retreating to $1,940. US yields initially dropped after mixed US NPFs but recovered after strong US ISMs from August. At the end of the week, the Gold spot price XAU/USD erased daily gains, retreating towards the $1,940
Gold, Retail Trader Positioning, Technical Analysis – IGCS Update Gold prices remain higher compared to mid-August Retail traders continued boosting downside exposure Will XAU/USD clear a key technical intersection? Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Gold prices remain over 3 percent higher compared to the middle of August. Since then, retail traders
Gold, Retail Trader Positioning, Technical Analysis – IGCS Update Gold prices surge higher on JOLTS job openings Retail traders continued increasing bearish bets XAU/USD may rise, but faces key resistance now Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Gold prices soared nearly 1% over the past 24 hours after an unexpected miss in
Gold, Retail Trader Positioning, Technical Analysis – IGCS Update Gold prices extend recent push higher to trendline Retail traders are becoming slowly more bearish Will XAU/USD push higher in the coming sessions? Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Gold prices have been aiming higher in recent weeks. In response retail traders have
