- Tight labor market raises the expectations that the Federal Reserve will maintain the elevated interest rates for a longer period. The expectations that the Fed will continue its extremely hawkish monetary policy throughout the entire calendar year have diminished the hope of easing by the Federal Reserve. - In general, gold is sensitive to changes in interest...
- Possible bullish pullback price movement towards the resistance 0.96600 within the next period.
- Possible bullish pullback price movement towards the resistance 133600 within the next period. - Buy zone around 33160.
- Possible bullish pullback price movement towards the resistance 11200 within the next period. - Buy zone around 10900.
- Possible bullish pullback price movement towards the resistance 78 within the next period. - Buy zone around 72.
- Possible bullish pullback price movement towards the resistance 1.23000 within the next period. - Buy zone around 1.20100.
- Gold prices spiked higher early Tuesday on technical buying, but gains were limited by a surge in the U.S. Dollar. The rally into its highest level since June 2022 was helped by a drop in Treasury yields. Nonetheless, the trade was a little cautious as investors assessed the prospects for more Federal Reserve interest rate hikes. - Gold could spike even higher...
- Possible bullish pullback price movement towards the resistance 107 within the next period. - Buy zone around 102.
- Possible bullish pullback price movement towards the resistance 107 within the next period.
May reveal itself via an upthrust (UT) or UTAD. As noted above, a UT is the opposite of a spring. It is a price move above TR resistance that quickly reverses and closes in the TR. This is a test of the remaining demand. It is also a bull trap — it appears to signal the resumption of the uptrend but in reality is intended to “wrong-foot” uninformed break-out...
- Possible bullish pullback price movement towards the resistance 35200 within the next period.
- Possible bullish pullback price movement towards the resistance 0.61400 within the next period.
- Possible bullish pullback price movement towards the resistance 102.000 within the next period.
- Possible bullish pullback price movement towards the resistance 1835 within the next period.
- Possible bearish pullback price movement towards the support 102.80 within the next period.
- Possible bullish pullback price movement towards the resistance 80.00 within the next period.
- Possible bearish pullback price movement towards the support 1.54800 within the next period.
- Possible bearish pullback price movement towards the support 141.400 within the next period.