Weekly Gold Forecast and News on 15 – 19 April 2024
Causes that will have an effects on XAUUSD (GOLD) Weekly Gold Forecast Direction : Sideways Up · XAU/USD Technical Overview Yesterday, the gold price closed at negative 22.10 dollars. Gold prices were sold off as investors were worried that the Federal Reserve (Fed) might delay the time to cut interest rates this year (-) even […]
Weekly Gold Forecast and News on 22 – 26 April 2024
Causes that will have an effects on XAUUSD (GOLD) Weekly Gold Forecast Direction : Sideways Down · XAU/USD Technical Overview Yesterday, the gold price closed at negative 5.86 dollars. Gold price settled Wednesday below the key 21-day Simple Moving Average (SMA), then at $2,318, reinforcing bearish interests. (-) . It is recommended that traders consider […]
Weekly Gold Forecast and News on 6 – 10 May 2024
Causes that will have an effects on XAUUSD (GOLD) Weekly Gold Forecast Direction : Sideways Down · XAU/USD Technical Overview If gold bulls step in at the $2,400 psychological mark, then yellow metal could see a rally to an all-time high near $2,432, en route to the $2,500 figure. On the flip side, the first […]
Weekly Gold Forecast and News on 13 – 17 May 2024
Causes that will have an effects on XAUUSD (GOLD) Weekly Gold Forecast Direction : Sideways Up XAU/USD Technical Overview The gold price edges higher on the day. Technically, the yellow metal has formed an ascending trend channel since May 2. The yellow metal maintains its positive stance unchanged on the four-hour chart as XAU/USD holds […]
Weekly Gold Forecast and News on 20 – 24 May 2024
Causes that will have an effects on XAUUSD (GOLD) Weekly Gold Forecast Direction : Sideways Down XAU/USD Technical Overview Gold price opened Thursday below the lower boundary of a five-week-long rising wedge formation, currently at $2,384. Daily closing below the latter would confirm the rising wedge breakdown, opening the floor for a test of the […]
Weekly Gold Forecast and News on 4 – 7 June 2024
Causes that will have an effects on XAUUSD (GOLD) Weekly Gold Forecast Direction : Sideways Up XAU/USD Technical Overview From a technical point of view, XAU/USD has a limited bullish potential, according to the daily chart. The pair keeps meeting sellers around a flat 20 Simple Moving Average (SMA), acting as dynamic resistance at around […]
Weekly Gold Forecast and News on 10 – 14 June 2024
Causes that will have an effects on XAUUSD (GOLD) Weekly Gold Forecast Direction : Sideways Down XAU/USD Technical Overview The short-term technical outlook for Gold remains more or less the same, as the Gold price continues to wave in a narrow range, with the upside capped by the confluence of the 21-day Simple Moving Average […]