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OANDA:XAUUSD PRICE FORECAST: - Gold Prints Fresh Lows as US Yields Surge with the 10Y Hitting New Highs. - Dollar Index (DXY) Advance Continued as Well Running into Resistance Just Shy of the 107.00 Handle. Is There an End in Sight for the DXY Rally? Global markets continued to feel the pinch today extending losses in the early part of the US session as US...

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OANDA:XAUUSD OUTLOOK & ANALYSIS - Hawkish Fed speak and resilient US jobs market keep gold upside limited. - Fed speakers in focus later today. - Threatening signs as triangle breakout coupled & death cross develops. OANDA:XAUUSD FUNDAMENTAL BACKDROP Gold prices have plunged to March levels due to the increasing influence of the Fed's hawkish stance....

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OANDA:XAUUSD prices fell sharply this week from $1,927 to $1,846 as US government bond yields rose to a 16-year high of 4.6%. The USD index also increased to over 106 points. This suggests that investors are becoming less concerned about the risk of recession in the US and global economies. As a result, gold is currently less attractive to investors, especially...

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OANDA:XAUUSD , RETAIL TRADER POSITIONING, TECHNICAL ANALYSIS – IGCS UPDATE - Gold prices fell the most last week since June 2021 - And now, 85% of retail traders (IGCS) are net-long - Overall, things are not looking great for XAUUSD Gold prices dropped by around 4% last week, marking the largest decline since June 2021. Retail traders are increasing their...

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TVC:GOLD ANALYSIS, PRICE, AND CHART - US Treasury yields remain near recent multi-year peaks. - Gold is closing in on the late-February low at $1,805/oz. US Treasury yields remain within touching distance of multi-year highs head of a speech later in the session by Fed Chair Jerome Powell. While financial markets are attributing a near 75% probability that...

Moon-Traderfx Updated 

World gold price stood at 1,915 USD/ounce, down 9 USD/ounce compared to the same hour yesterday morning. Gold prices are under strong pressure due to the rise of the USD and rising bond yields. Rising US Treasury yields hit multi-year highs, increasing the opportunity cost of holding non-yielding assets like gold, while the US Dollar Index hit a new high in 6.5...

Moon-Traderfx Updated 

OANDA:XAUUSD : NEAR-TERM TECHNICAL UPDATE - Gold prices weakened on Monday - XAUUSD inches closer to key rising support OANDA:XAUUSD Analysis Gold prices are declining due to higher US Treasury yields and a stronger US Dollar. The near-term technical landscape for precious metals is uncertain as gold continues to trade without a clear direction. Prices...

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OANDA:EURGBP ANALYSIS EURGBP started moving up in early September, but overall, the pair has been lacking a clear direction and has been moving sideways within a defined channel. This sideways movement reflects uncertainty and the weak underlying fundamentals of both currencies. Ranging markets can be predictable and offer trading opportunities. Traders can...

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AUSTRALIAN DOLLAR, OANDA:AUDUSD – NEAR-TERM TECHNICAL UPDATE: - Australian Dollar soared over the past 24 hours - OANDA:AUDUSD Bullish Engulfing is now in the focus OANDA:AUDUSD - Daily Chart Recent performance in the Australian Dollar against the US Dollar and Japanese Yen is setting up an interesting technical landscape. On the daily chart below,...

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AUSTRALIAN DOLLAR, OANDA:AUDJPY – NEAR-TERM TECHNICAL UPDATE: - Australian Dollar soared over the past 24 hours - AUDJPY Symmetrical Triangle breakout continues Meanwhile, the Australian Dollar is also pushing higher against the Japanese Yen. Not long ago, AUDJPY confirmed a breakout above a Symmetrical Triangle chart formation. That opened the door to...

Moon-Traderfx Updated 

World gold price stood at 1,925 USD/ounce, inching up slightly by 2 USD/ounce compared to the same hour yesterday morning. The precious metal price remains neutral after many unfavorable information. Many experts believe that recent price action proves that investors are taking a more cautious stance to protect themselves from recession. The fact that gold...

Moon-Traderfx Updated 

This week, the international OANDA:XAUUSD price at one point climbed to 1,947 USD/ounce, but then dropped to 1,913 USD/ounce and closed at 1,925 USD/ounce. Observing gold price fluctuations in recent times shows that investors seem to be taking a more cautious stance to protect their wallets against the FED's monetary policy as well as the risk of a global...

Moon-Traderfx Updated 

World gold price stood at 1,924 USD/ounce, down slightly by 1 USD/ounce compared to last week's closing session. Gold price is currently still trying to stay above 1,920 USD. After being surrounded by a lot of pressure, the precious metal price still maintains a stable price, helping to strengthen investors' confidence in a safe haven asset. Commenting on the...

Moon-Traderfx Updated 

TVC:GOLD PRICE FORECAST: - Gold Struggles as Rising US Yields and the Dollar Index (DXY). - Dollar Index (DXY) in Overbought Territory but Likely to Remain Supported in a Risk-Off Environment. - IG Client Sentiment Shows that Retail Traders are Overwhelmingly Long with 79% of Traders Currently Holding Long Positions. - To Learn More About Price Action, Chart...

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OANDA:USDJPY PRICE, CHARTS AND ANALYSIS: - USDJPY Eyes 150.00 as the Threat of FX Intervention Grows Louder. - BoJ Meeting Minutes Painted a Dovish Picture but Market Participants are Pricing in a 62% Chance of a Rate Hike in January 2024. - IG Client Retail Sentiment Shows 80% of Traders are Net-Short USD/JPY. YEN FUNDAMENTAL BACKDROP The Bank of Japan...

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BRITISH POUND, OANDA:GBPUSD , TECHNICAL ANALYSIS, RETAIL TRADER POSITIONING – IGCS UPDATE - British Pound set for worst month since August 2022? - Retail traders’ bullish exposure relentlessly building - Will the exchange rate bounce off near-term support? At over -4 percent, the British Pound is on course for the worst month against the US Dollar since...

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Gold prices fell following the Federal Reserve's monetary policy announcement. There, Chairman Jerome Powell essentially hinted at a 'higher for longer' approach, causing financial markets to price in a higher eventual Federal Funds rate and pushing back expectations of a cut interest rates in the near future. In response, Treasury yields and the US dollar...

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TVC:GOLD , RETAIL TRADER POSITIONING, TECHNICAL ANALYSIS – IGCS UPDATE - Gold prices extend losses in the aftermath of the Fed - Retail traders are increasing their upside exposure - This is a sign of more pain to come from GOLD Gold prices dropped by -0.6% in the last 24 hours as financial markets processed the implications of the Federal Reserve interest...