Gold prices edged lower in Asian trade on Thursday, easing slightly after a strong week-long advance driven by mounting expectations that the U.S. Federal Reserve will cut interest rates in December. Speculation that a more dovish successor could replace Fed Chair Jerome Powell after his term ends in 2026 also …
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Gold prices climbed in Asian trading on Wednesday, supported by a softer U.S. dollar and growing conviction that the Federal Reserve will cut interest rates in December. Haven demand also remained firm despite a broader risk-on rally across global markets. Spot gold rose 0.9% to $4,166.13 an ounce, while February …
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Gold prices climbed in Asian trading on Tuesday, extending strong overnight gains as expectations grew that the U.S. Federal Reserve will cut interest rates in December. A wave of upcoming U.S. economic data also boosted safe-haven demand, helping gold trend higher even as the dollar held firm. Broader metal markets …
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A gradual and consistent upward move continues to shape the USD/CAD pair, with intraday trading showing stability near the early-session high of 1.4120. Technical Outlook – 4-Hour Timeframe The simple moving averages remain supportive beneath the price, reinforcing bullish momentum. The RSI is also sending clear positive signals after successfully …
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The GBP/USD pair traded with a weak bias during the first session of the week, posting a high of 1.3118 and a low of 1.3081. Technical Outlook – 4-Hour Timeframe The simple moving averages continue to exert downward pressure on the pair, reducing the chances of a meaningful short-term recovery. …
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Gold prices (XAU/USD) rebounded after stabilizing above the $4040 support level, moving decisively through the $4100 barrier. Technical Outlook – 4-Hour Timeframe The simple moving averages have shifted into supportive zones, acting as dynamic support and enhancing the potential for further upside. The RSI maintains its positive structure, signaling solid …
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Gold prices edged lower in Asian trading on Monday, pressured by a broad improvement in risk appetite as markets sharply increased their expectations for a U.S. Federal Reserve interest rate cut in December. A rebound in equities and other risk-sensitive assets drew investors away from safe havens, while reports of …
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The pair advanced within its uptrend, meeting the 1.4090 objective and printing a 1.4107 high. Technical outlook SMAs: Positioned beneath price and supporting momentum. RSI: Firm and constructive, consistent with further topside attempts. Base case (bullish while above 1.4050) Holding 1.4050 keeps the upside in focus. A clean break/4H close …
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The outlook is unchanged: the pair remains in a gradual downtrend. Technical outlook SMAs: Sitting overhead as dynamic resistance, dampening rebound attempts. RSI / structure: Momentum stays negative with a bearish pattern reinforcing the daily downtrend. Base case (bearish continuation) A decisive break/4H close below 1.3040 would likely press toward …
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Dollar strength post-jobs data dragged gold back into a downtrend. Technical outlook SMAs: Overhead and acting as stiff dynamic resistance, capping rebounds. RSI: Persistently negative, confirming weak buying pressure. Base case (bearish while below $4,085 / $4,095) Staying beneath $4,085–$4,095 keeps downside risks dominant. A decisive break/4H close below $4,038 …
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