XAU/USD Reached 1,445.00
Yesterday, the XAU/USD exchange rate jumped to the 1,445.00 level. During today’s morning, the rate declined to the 1,440.00 mark. From the one hand, it is likely, that the price for gold could continue to go downwards. It is unlikely,...
GOLD Price Rising While Crude Oil Price Struggling To Recover
Gold price remained in a positive zone and traded above the $1,420 and $1,430 resistance levels. Crude oil price declined recently and tested the key $55.00 support area. Important Takeaways for Gold and Oil Gold price remained well supported above...
WTI OIL Outlook: Oil Prices Rise Slightly on Renewed Geopolitical Tensions But Remains Biased Lower
WTI oil price bounced from new two-week low at $56.20 on Thursday, boosted by renewed tensions in the Persian Gulf after Iran seized a foreign tanker in the strait of Hormuz. Oil price was down nearly $5 in past few...
GBP/JPY 4H Chart: Could Continue To Trade South
The British Pound reversed from a resistance cluster formed by the combination of the weekly and the monthly PPs and the 50-hour simple moving average at 135.72 during last week’s trading sessions. Currently, the exchange rate is testing the monthly...
Crude Oil Price Correcting Gains But Remains Supported
Key Highlights Crude oil price struggled two times to clear the $60.85 resistance against the US dollar. There was a break below a major bullish trend line at $58.70 on the 4-hours chart of XTI/USD. Canada’s CPI declined 0.2% in...
Silver: Metals Breakout as Dollar and Stocks Weaken
Earlier we wrote on the dollar, pointing to the fact it had found some mild support on the back of improvement in US data. We noted that we were not convinced the greenback would be able to sustain its gains...
AUD/USD Makes Brief Retracement
The Australian Dollar depreciated about 35 base points against the US Dollar on Tuesday. The decline could be considered to be a brief retracement from the upper boundary of an ascending channel pattern. The exchange rate is currently testing a...
WTI Price Extends Consolidation after Bulls Stalled at Key Fibo Barrier
WTI oil price managed to regain traction and edge higher on Tuesday after Monday’s fall was contained by 100DMA ($59.31). Larger uptrend from $50.59 low showed initial signs of stall at important Fibo barrier at $60.47 (61.8% of $66.58/$50.59), where...
USDCHF Reverses Higher But Remains Bearish in Medium Term
USDCHF rebounded on the 38.2% Fibonacci retracement level of the upleg from 0.9185 to 1.0235 near 0.9830 during yesterday’s trading session, touching the 20-day simple moving average (SMA). In the short-term, the market could turn positive if the RSI keeps...
Gold Continues To Stay Flat
The precious metal remained stuck in a range near the highs above 1400 for four consecutive weeks. Equity markets meanwhile pushed higher as the US corporate earnings get underway. Markets remain muted as investors wait for the Fed meeting due...
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