Gold plunged 4.6% into the weekly open with price rebounding sharply off key technical support–battle lines are drawn. Levels that matter on the XAU/USD weekly chart.
Gold prices may be on course to break the year-to-date floor just below the $1700/oz figure as traders appear to pull forward the timeline for Fed stimulus withdrawal.
The Dow Jones outperformed the Nasdaq Composite after solid US NFPs on Friday, opening the door for the ASX 200 to rise as the Hang Seng Index weakens at the…
AUD/USD is threatening a breakdown as prices test support at the floor of a Rising Wedge chart pattern. Chinese inflation data due out today may be a catalyst.
Markets were relatively quiet despite some bouts of volatility last week. The Dow hit a fresh record high and the US Dollar strengthened while gold and oil plunged. Inflation and…