Gold Price Forecast: Fed inflation clues, $1,975 hurdle prod XAU/USD rebound – Confluence Detector – by anilpanchal7 Gold XAUUSD Fed Confluences Inflation
ss in four. In doing so, the bright metal justifies the market’s cautious optimism amid mixed concerns about the Federal Reserve’s next step and the US-China tension ahead of the last shot of the top-tier US data.dwindles as the stock futures print mild gains and the yields edge higher amid the battle between the strong US growth data and the central bank’s inability to convince policy hawks.
As per our Technical Confluence indicator, the Gold Price stays beneath the short-term key resistance despite the latest corrective bounce at the lowest level in 13 days. However, major attention is given to the convergence of the Fibonacci 38.2% on one-week and the Pivot Point one-day, as well as one-month, R1 surrounding $1,975.Alternatively, the 50-DMA joins the middle band of the Bollinger on the dailyand the previous weekly low to highlight $1,946 as an immediate support for the XAU/USD sellers to watch during the quote’s fresh fall.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold Price Forecast: XAU/USD stays below $1,985 hurdle ahead of pivotal Fed decision – Confluence DetectorGold Price Forecast: XAU/USD dips below $1,985 ahead of pivotal Fed decision – Confluence Detector – by anilpanchal7 Gold Confluences XAUUSD Fed RiskAversion
Read more »
Gold Price Forecast: XAU/USD climbs to $1,975 area, closer to weekly peak set on WednesdayGold Price Forecast: XAU/USD climbs to $1,975 area, closer to weekly peak set on Wednesday – by hareshmenghani Gold Commodities CentralBanks Recession XAUUSD
Read more »
Gold Price Forecast: XAU/USD bulls cheer $1,965 breakout ahead of US GDP, ECB – Confluence DetectorGold Price Forecast: XAU/USD bulls cheer $1,965 breakout ahead of US GDP, ECB – Confluence Detector – by anilpanchal7 Gold XAUUSD Confluences Fed GDP
Read more »
Gold Price Forecast: XAU/USD recovery lost momentum above $1,970, eyes on US GDPGold price (XAU/USD) loses its traction after rising towards $1,982 heading into the early European session. Precious metals trade on a positive note
Read more »
Gold Price Forecast: XAU/USD falls below the 100-SMA as US yields surgeOn Thursday, non-yielding precious metals faced selling pressure amid strong data from the US, which made markets start to place bets on a possible hi
Read more »
Gold Price Forecast: XAU/USD sticks to modest gains around $1,950 area, lacks follow-throughGold Price Forecast: XAU/USD sticks to modest gains around $1,950 area, lacks follow-through – by hareshmenghani Gold Commodities CentralBanks Recession XAUUSD
Read more »