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 – 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
GOLD PRICE FORECAST: For the Full Q3 Outlook on Gold Prices, Download the Guide Below Recommended by Zain Vawda Get Your Free Gold Forecast MOST READ: Canadian Dollar Outlook: USD/CAD, GBP/CAD Rise, Is the Oil Correlation Dead? Gold prices remain subdued with the 50-day MA capping any potential move to the upside with the help
Gold, Retail Trader Positioning, Technical Analysis – IGCS Update Gold prices continue aiming lower in recent weeks Retail traders are becoming increasingly bullish This continues to offer a bearish contrarian signal Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Gold prices have been continuing to aim cautiously lower in recent weeks. In response, retail
Gold Price (XAU/USD), Silver Price (XAG/USD) Analysis, Price, and Chart Gold struggles to hold prior support. Silver eyes the 200-day simple moving average. Recommended by Nick Cawley Get Your Free Gold Forecast US Treasury yields turned sharply lower at the end of last week after the latest US Jobs Report showed hiring slowing down in
Share: Gold price has recovered significantly since autumn last year. Economists at Commerzbank analyze the yellow metal’s outlook. Gold seen trending sideways near $1,950 in the short term Gold price is likely to trend sideways in the short term, as uncertainty about the future path of US monetary policy remains high. Lower US
As we noted in our Fundamental Analysis today, data on GDP, the labor market, and inflation are the determining factors for the Fed when planning monetary policy parameters. If the official employment data due on Friday (at 12:30 GMT) also turns out to be strong, Fed officials will have an additional argument in favor of
Gold, Retail Trader Positioning, Technical Analysis – IGCS Update Gold prices dipped as US longer-term Treasury yields rose Retail traders have responded by becoming more bullish This is a warning sign that further losses may be ahead Recommended by Daniel Dubrovsky Get Your Free Gold Forecast Over the past 48 hours, gold prices have weakened
GOLD PRICES FORECAST: Gold prices retreat for a second consecutive day amid rising yields after better-than-expected U.S. economic data Traders should focus on the ISM services PMI and the U.S. labor market report in the coming days This article looks at key XAU/USD’s levels to watch this week Trade Smarter – Sign up for the
