Tag Archives: Gold

The minutes of the 3 November FOMC meeting, released on Wednesday, said that various participants noted that the Fed should be prepared to adjust the pace of the QE taper and raise rates sooner than currently anticipated should inflation continue to run hot. The minutes carried a consolidated language to …

Wall Street shares reversed earlier losses in choppy trading on Wednesday and U.S. Treasury yields hovered near highs for the year after data suggested the U.S. job market and consumer spending continued to improve.Oil prices were largely steady as investors questioned the effectiveness of a U.S.-led release of oil from …

Gold prices continued the negative move within the strong profit-taking wave that started with the beginning of last week’s trading, explaining that the stability of trading below the 1799 support level, opening the door to visit the target of 1769, posting a low at 1781. Technically, we notice the price …

The US dollar extended its gains, reaching fresh 2021 highs vs the EUR and the GBP. EUR/USD bottomed for the day at 1.1225, while GBP/USD fell to 1.3341. The sour tone of global indexes and higher government bond yields fueled demand for the safe-haven dollar.Bank of England governor Andrew Bailey …

Gold prices experienced intense selling during the previous session’s trading. As we mentioned during the last analysis, signs of weakness in the bullish trend began to appear, surpassing the second official target 1830, recording the lowest of 1802. Technically, we notice the beginning of a bearish technical structure that supports …

We adhered to intraday neutrality during the previous analysis due to the conflicting technical signals, explaining that activating the short positions depends on breaking the 1854 level to target 1835. Gold prices posted the lowest level at the end of last week at 1843. Technically, there is a possibility of …

It is becoming more and more obvious that the current historic inflation levels have ignited growing calls to speed taper. The US Federal Reserve is setting the scene for a new debate between hawkish and dovish approaches regarding the stimulus withdrawal, tapering and interest rate hike. Major peers, such as …

The yellow metal is witnessing sideways narrow range movements, limited between support of 1855 and resistance of 1867. Technically, we find that gold prices are still stable below the main supply areas at 1868, 23.60% Fibonacci correction. However, we see the price trying to stabilize above the 50-day moving average …

Gold has ended Wednesday’s US trading session with the highest daily gains in a week. Gold price has edged around $1,867.Gold got the opportunity to cheer US Treasury yields’ heavy pullback that impacted the US Dollar Index (DXY) amid the absence of major catalysts and ongoing inflation.Gold is buyers’ favourite …

Gold prices managed to touch the extended target, as we mentioned yesterday. We relied on confirming the breach of the main resistance level 1867, explaining that ​​it enhances the gains to visit 1877, recording its highest level at 1877. Technically, Strong supply areas at the resistance represented by the target …