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GOLDFXCC Updated 

The XAUUSD is poised for an initial target of 2350, with favourable buying opportunities anticipated as it progresses towards the 2370 mark.

GOLDFXCC Updated 

A trade through $2284 will confirm the chart pattern, shifting momentum to the downside. This will reaffirm the momentum shift, setting up the market for a possible correction into $2230

GOLDFXCC Updated 

Technical View - XAU/USD is trading higher on Monday, but Friday’s closing price reversal top may be producing enough of a bearish influence to put a lid on prices. A trade through $2333.88 will confirm the chart pattern, shifting momentum to the downside. A move through $2319.395 will change the minor trend to down. This will reaffirm the momentum shift, setting...

GOLDFXCC Updated 

Federal Reserve Meeting and Gold Price Outlook - The Federal Reserve is holding its two-day meeting starting today Tuesday and will conclude on Wednesday. Most market participants expect the Fed to maintain its current interest rates. The CME's FedWatch tool shows a 94.6% chance that rates will stay steady and a 5.4% chance of a 0.25% rate cut, which would bring...

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Potential for a bearish pullback on the GBPUSD 1W which could lead to a price movement towards the support level at 1.19600.

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- XAU/USD is trading higher on Monday, but Friday’s closing price reversal top may be producing enough of a bearish influence to put a lid on prices. A trade through $2333.88 will confirm the chart pattern, shifting momentum to the downside. A move through $2319.395 will change the minor trend to down. This will reaffirm the momentum shift, setting up the market...

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Gold Prices Showing Early Signs of Potentially Bearish Reversal Top Gold prices are facing a potential reversal as Treasury yields rise and the U.S. Dollar strengthens. Despite this, gold retains its appeal as an inflation hedge and safe haven amid geopolitical tensions. The market shows a struggle between bullish and bearish forces, with technical analysis...

GOLDFXCC Updated 

XAUUSD is currently displaying an uptrend, characterised by the formation of higher highs and higher lows on the daily timeframe. If the price surpasses the 2253 level, it is likely to continue its upward movement towards the next resistance zone at 2270. Conversely, a breach of the support at 2229 would indicate a potential short-term peak and shift the bias...

GOLDFXCC Updated 

EURJPY is currently displaying an uptrend, characterised by the formation of higher highs and higher lows on the daily timeframe. If the price surpasses the 165 level, it is likely to continue its upward movement towards the next resistance zone at 167. Conversely, a breach of the support at 162 would indicate a potential short-term peak and shift the bias towards...

GOLDFXCC Updated 

GBPJPY is currently displaying an uptrend, characterised by the formation of higher highs and higher lows on the daily timeframe. If the price surpasses the 193 level, it is likely to continue its upward movement towards the next resistance zone at 196. Conversely, a breach of the support at 189 would indicate a potential short-term peak and shift the bias towards...

GOLDFXCC Updated 

Possible bullish pullback price movement on CADCHF towards the resistance 0.68000 within the next period.

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Possible bullish pullback price movement on DXY towards the resistance 107 within the next period.

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The NASDAQ is poised for an initial target of 39180, with favorable buying opportunities anticipated as it progresses towards the 39900 mark.

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The NASDAQ is poised for an initial target of 18060, with favorable buying opportunities anticipated as it progresses towards the 18700 mark.

GOLDFXCC Updated 

Potential for a bearish pullback on the NASDAQ H4 which could lead to a price movement towards the support level at 17600.

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Fed Officials Hold to Forecast of Three Rate Cuts in 2024 Federal Reserve officials are maintaining their stance on interest rate cuts despite recent mixed economic indicators, including increased inflation rates over the past couple of months. In their latest Summary of Economic Projections released following a Federal Open Market Committee meeting, policymakers...

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Possible bullish pullback price movement towards the resistance 1.39000 within the next period.

GOLDFXCC Updated 

Potential for a bearish pullback on the XAUUSD pair, which could lead to a price movement towards the support level at 2140 in the upcoming period.