Tag - gold

Gold's breakdown: what's next?
Gold's breakdown: what's next?

Gold price failed to break above $1900 last week and slid down. Read the article to see the technical outlook for the price!

EUR/USD, GBP/USD, GOLD / Best Forex Daily Setups
EUR/USD, GBP/USD, GOLD / Best Forex Daily Setups

The USD is going to be in the spotlight again this week as the Federal Reserve will hold a meeting on Wednesday, which could be a big mover! Gold has plunged amid the stronger US dollar as investors await the Fed’s meeting this week.

Careful with gold longs
Careful with gold longs

Gold managed to rally yesterday on the back of the US inflation data which posted the highest reading since the 2008 financial crisis,

Short-term rebound in gold
Short-term rebound in gold

Gold managed to bounce back right after the US Jobs Report on Friday and closed the week near $1900 resistance. Gold continues to benefit from inflation expectations. Yet, such rebound is unlikely to be sustainable.

Gold failed once again
Gold failed once again

Gold regained above $1900/Oz during yesterday’s trading, reaching as high as $1910 but it failed to sustain these gains during the Asian session today, leading to another leg lower back below $1900/Oz.

Gold: a risk of selling
Gold: a risk of selling

As warned over the past few days, gold is not in a position to keep on rising. Yesterday gold managed to rise all the way to $1,916.

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