Gold

Market Reactions to Fed’s “Hawkish Pause” 

Today the Federal Reserve chose not to proceed with an 11th consecutive interest rate hike, opting instead to assess the effects of the previous 10 hikes. However, the Fed announced that it anticipates implementing two additional quarter percentage point increases...

US Inflation Trading Opportunities Ahead

The next two days' worth of trading could turn out to be particularly interesting due to the sharp drop in CPI expected on (US time) Tuesday as well as the market being (over?) confident that the Fed is going to...

NFP report: How Will it Shape the Gold Trend?

Gold prices experienced a rise on Tuesday and Thursday (sideways on Wednesday), driven by traders' expectations of another interest rate hike by the US Federal Reserve. But is the medium-term downtrend really over? One fundamental indicator that can help answer...

Preparing for the Worst: Trading Ahead of a US Debt Default

While it is highly unlikely that the US will default on its debt, this doesn’t mean that the traders won’t make plans to deal with a default or get jittery. Two likely markets that will have to deal with the...

Is There Still Hope for Gold to Reach $2,000?

The price of gold hit a high of $1,971/oz before retreating and finding support above $1,960. Upbeat equities and higher Treasury yields make it difficult for XAU/USD to continue its recent rally. Fears of a wider banking contagion have also...
Gold technical analysis shows possible upside

Gold holding above $1,900. But for how long?

Gold has rallied by more than $300 per ounce over the last 10 weeks with only a brief period of consolidation around $1,800. Now, gold is tentatively holding above $1,900, after reaching $1,929 in yesterday’s trade, before closing the day...

Volatile start to year for gold and oil

In December, the price of gold moved through a volatile uptrend but did seemingly reject at $1,819. However, a daily candle managed to close above this resistance zone on the last day of 2022, which has been followed by a...
Gold technical analysis shows possible upside

Fed rate hike doesn’t disrupt gold’s bullish trend

Gold has recovered almost half of the losses experienced after its March 2022 peak after creating a strong demand zone around $1,621.40. This support area made a strong triple bottom pattern. Since then, we can see a consecutive higher high,...
Gold technical analysis shows possible upside

Gold’s 2-week rebound spoiled by NFP data

Gold experienced some notable gains in the 2 weeks leading up to the release of the Non Farm Payrolls (NFP) data. However, this trend appears to have been spoiled with a sharp decline in gold at the end of last...
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