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Gold Price Forecast: Gold Plunge Halted at Support- is a Low in Place?

Posted by By 09/08/2021Posted inForex
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.
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US Dollar Rallies to Resistance – Inflation Set to Drive

Posted by By 09/08/2021Posted inForex
The US Dollar is testing a resistance zone, holding near highs after a strong move developed last week. This week brings July inflation numbers.
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Crude Oil Prices Plunge to Key Support, Oil Demand Outlook Weakens

Posted by By 09/08/2021Posted inForex
Crude oil extends losses as prices fall 4%, Delta variant while slowing China adds to woes
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Bitcoin (BTC), Ethereum (ETH) Consolidating Recent Gains, Outlook Remains Positive

Posted by By 09/08/2021Posted inForex
The cryptocurrency market is hanging on to most of this weekend's rally and is likely to push further ahead in the coming days and weeks.
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EUR/GBP Finds Support Within Descending Channel, Eyeing 0.8450

Posted by By 09/08/2021Posted inForex
Sellers take a breather as EUR/GBP finds support at 0.8470, but momentum is building lower
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Gold Flash Crash: What Happened and Where Next For Gold?

Posted by By 09/08/2021Posted inForex
What just happened to Gold and where next for the (not so) precious metal?
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Gold Prices May Break 2021 Floor as Fed Policy Speculation Heats Up

Posted by By 09/08/2021Posted inForex
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.
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Dow Jones Rose on NFPs. ASX 200 May Climb as Hang Seng Index Falls to Start Week

Posted by By 09/08/2021Posted inForex
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…
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AUD/USD Threatens Key Technical Level as Chinese Inflation Data Nears

Posted by By 08/08/2021Posted inForex
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.
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Markets Week Ahead: Dow, Gold, Oil, US Dollar, Yen, Inflation, Covid

Posted by By 08/08/2021Posted inForex
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…
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