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Tag: Metals

Gold Price Forecast: XAU/USD rises modestly on Monday, holds above $1705

Gold Price Forecast: XAU/USD rises modestly on Monday, holds above $1705 Gold Price Forecast: XAU/USD rises modestly on Monday, holds above 05

Gold advances on a low-volume day due to the US holiday. DXY hit a two-decade high. The Prayed it found support above $1,705 in both the Asian and European sessions and recently rose to $1,715, marking a daily high. The intraday bias is slightly bullish, in a general context of limited price movements in the […]

Gold Price Forecast: XAU/USD surges to 2-day highs above $1710 after employment report

Gold Price Forecast: XAU/USD surges to 2-day highs above $1710 after employment report Gold Price Forecast: XAU/USD surges to 2-day highs above 10 after employment report

US employment report for August is not far from expectations. The dollar loses strength due to a decline in Treasury bond yields. Gold adds further gains after the data, and extends rebound from critical support. Gold rose as high as $1,715 on US jobs data, hitting a two-day high. It then pulled back and is […]

S&P 500: Calm, awaiting US employment data.

S&P 500: Calm, awaiting US employment data. S&P 500: Calm, awaiting US employment data.

Markets unchanged, on the sidelines awaiting employment data. The dollar falls slightly from highs in years. Metals recover from lows in months. Wall Street futures trade slightly lower and steady ahead of key US labor market data. The dollar loses strength, but remains in the area of ​​maximums in years. Metals and oil are recovered. […]

Gold Price Forecast: XAU/USD Rises Above $1,700 Ahead of US Jobs Data

Gold Price Forecast: XAU/USD Rises Above $1,700 Ahead of US Jobs Data Gold Price Forecast: XAU/USD rises modestly on Monday, holds above 05

Gold rebounds after approaching the floor of the last two years. Expectation placed on the US employment data. The Prayed is rising on the preview of the US employment report and ends a negative streak. He’s having the best day in over a week. XAUUSD returned above $1,700 after trading at $1,687, a one-month low. […]

Copper Price Analysis: Sinks almost 3% and points to a drop towards $3.2505

Copper Price Analysis: Sinks almost 3% and points to a drop towards $3.2505 Copper Price Analysis: Sinks almost 3% and points to a drop towards .2505

Copper futures plummeted on fears of a global economic slowdown, weighed down by the China PMI and other lockdowns in a city of 21.1 million. The negative divergence on the daily copper chart, coupled with the fundamental, sent prices below the 20 and 50 DMA. copper futures are falling to two-month lows at $3.4165, shedding […]

Gold Price Forecast: XAU/USD breaks below $1700 and targets 2022 and 2021 lows

Gold Price Forecast: XAU/USD breaks below $1700 and targets 2022 and 2021 lows Gold Price Forecast: XAU/USD breaks below 00 and targets 2022 and 2021 lows

Gold hits eight-week lows and approaches 2022 floor at $1,680. The metal remains under pressure amid cautious weather and rising Treasury bond yields. US: Initial jobless claims fall to lowest in weeks, ISM manufacturing report is coming. Gold broke below $1,700 and fell to $1,694, hitting the lowest level since July 21. The price remains […]

Gold Price Forecast: XAU/USD Remains Under Pressure and Hits One-Month Lows Below $1700

Gold Price Forecast: XAU/USD Remains Under Pressure and Hits One-Month Lows Below $1700 Gold Price Forecast: XAU/USD Remains Under Pressure and Hits One-Month Lows Below 00

Gold remains under pressure on rising Treasury yields. XAU/USD pressures the $1700 zone and looks closely at the 2022 floor at $1680. The XAU/USD is falling for the third day in a row and posted new one-month lows at $1699. The $1700 zone is being tested and if broken below the next support is seen […]

Forex Today: The dollar begins September with a firm step

Forex Today: The dollar begins September with a firm step Forex Today: The dollar begins September with a firm step

This is what you need to know to operate the Thursday September 1: Following Wednesday’s volatility amid month-end flows, the dollar gained strength early on Thursday with the Dollar Index breaking above the 109.00 zone. Although the dollar lost some interest after US data showed private sector employment grew at a much softer-than-expected pace in […]

Gold falls to a new monthly low below $1,720

Gold falls to a new monthly low below $1,720 Gold falls to a new monthly low below ,720

Gold was again under bearish pressure in the European session on Tuesday. The 10-year US Treasury bond yield is rising, weighing on XAU/USD. Dollar Index gains ground ahead of jobs data. Having spent the Asian session fluctuating in a relatively tight channel above $1,720, gold turned south during European trading hours and fell to its […]

Gold Price Forecast: XAU/USD fails to recapture $1740, with support at $1730

Gold Price Forecast: XAU/USD fails to recapture $1740, with support at $1730 Gold Price Forecast: XAU/USD fails to recapture 40, with support at 30

Gold continues to return for Monday’s bounce. Price hit a daily low of $1,728 and then jumped to $1,737. Outlook continues to show some weakness, which could change from holding above $1,740. After a jump from the low of the day at $1728 to $1737, gold turned negative again and trades around $1733still showing some […]