This is what you need to know to trade today Thursday March 17: The risk appetite money flows dominated financial markets during the second half on Wednesday despite aggressive policy views from the US Federal Reserve. The US dollar index, which fell 0.6% on Wednesday, remains relatively quiet in early Thursday as investors await the […]
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XAU/USD hits new lows below $1,900 after FOMC
XAU/USD is eroding support at $1,900 in a 9% reversal from highs of $2,065. Gold soars to lows of $1,894 after Fed rate hike. Reaction muted after the Federal Reserve confirmed market expectations. gold futures have spiked to new two-week lows at $1,894 per troy ounce on Wednesday following the Federal Reserve’s decision to raise […]
XAU/USD stops its slide and holds above $1,910 ahead of the Fed
Gold price consolidates above $1,910 on Wednesday. Improving sentiment on expectations of a diplomatic solution to the war between Russia and Ukraine weighs on the USD. The focus will be on the Fed’s projections and Powell’s speech for the next push in the price of gold. The price of gold (XAU/USD) moves sideways during the […]
Upbeat sentiment ahead of major Fed rate decision
This is what you need to know to trade today Wednesday March 16: Risk-appetite money flows dominate financial markets early on Wednesday as investors hope for a diplomatic solution to the crisis between Russia and Ukraine, and the US dollar remains on the defensive. Retail sales and import price index data will be released during […]
XAG/USD bounces off the 78.6% Fibonacci level and holds on to the $24.85 area
Silver falls as the American session ends. The Russia-Ukraine conflict and the Fed’s monetary policy decision boost US Treasury yields and weigh on silver. XAG/USD Price Forecast: Bullish Bias, But Wednesday’s Price Action Will Be Tight, Ahead of FOMC. Silver (XAG/USD), despite still trading at a loss, bounced off the 78.6% Fibonacci retracement, a solid […]
XAU/USD bulls have faded leaving critical daily support vulnerable
Gold is on the defensive and trading lower. The Fed is expected to take a dovish tone and the US dollar could be supported. Little progress has been made in talks between Ukraine and Russia. Gold will extend the downward correction due to the Fed’s aggressive stance. the price of gold is down 1.5% at […]
XAG/USD looks vulnerable near two-week lows around $24.50
-637829460115708560.png "XAG/USD looks vulnerable near two-week lows around .50")
Silver continued to lose ground on Tuesday and fell to a two-week low around $24.50. The technical setup favors bearish traders and supports the prospects for further downside movement. Any significant recovery above $25.00 could now be seen as a selling opportunity. XAG silver added to the previous day’s heavy losses and witnessed some follow-up […]
XAU/USD falls to almost two-week lows around the $1,925 region
-637829257308208337.png "XAU/USD falls to almost two-week lows around the ,925 region")
Gold lost ground for the third day in a row and fell near more than a week’s low on Tuesday. Hopes for Ukraine diplomacy weigh on the safe-haven precious metal amid rising US bond yields. Expectations for the Fed to start tightening should now act as a headwind for gold. The price of gold (XAU/USD) […]
XAG/USD defends support at the 38.2% Fibonacci level around $25.00
-637828610151184534.png "XAG/USD defends support at the 38.2% Fibonacci level around .00")
Silver witnessed fresh selling on Monday and fell to a one-week low. The decline found support near the $25.00 level, or the 38.2% Fibonacci level. Bullish oscillators require caution before positioning for additional losses. silver (XAG) came under heavy selling pressure on Monday and extended last week’s retracement decline from near the $27.00 level or […]
Dollar regains strength as markets turn cautious
This is what you need to know to trade today friday march 11: On Thursday, the US dollar regained its strength on risk aversion and hot inflation data, with the DXY US dollar index snapping a two-day losing streak. Investors appear to have turned cautious early Friday after the foreign ministers of Russia and Ukraine […]