Precious Metals Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

XAUUSD: Bears Prepare To Takeover
XAUUSD: Bears Prepare To Takeover

On Friday, the gold price (XAUUSD) retreated from a recent two-week high, facing selling pressure. This decline was driven by hawkish minutes from the FOMC meeting, indicating the Fed's reluctance to cut interest rates. Elevated US Treasury bond yields, supported by a "higher-for-longer" narrative, further weakened demand for gold...

XAUUSD: What To Expect Now.
XAUUSD: What To Expect Now.

Following the CPI data release on Tuesday, the price of Gold dropped from its recent high at $2,000 all the way through to the $1980 region where it is currently sitting. As we anticipate what could be next for the yellow metal ahead of the Retails sales data release from the US. In the meantime...

XAUUSD: Review of Recent Price Action
XAUUSD: Review of Recent Price Action

Gold prices, stable above $2,000 per ounce, commenced the week on an uptrend driven by a rallying US dollar and anticipation surrounding the upcoming Federal Reserve meeting. Analysts highlight that the market is keen on the Fed's signals for the coming months rather than immediate announcements.

XAUUSD: Two Possible Scenarios for XAUUSD
XAUUSD: Two Possible Scenarios for XAUUSD

Intraday Bullish Scenario: Consider buying above 2028.50 with TP1: 2033, TP2: 2036, and TP3: 3039 on extension. Intraday Bearish Scenario: Look for sales below 2024 with TP1: 2000, TP2: 2016, and upon breakout TP3: 2013.

XAUUSD: Traders Await Breakout
XAUUSD: Traders Await Breakout

Gold prices, currently near $2,030, saw a modest decrease of 1% over the past week and a 2% dip since the start of 2024. Meanwhile, silver surpassed $22 per ounce, experiencing a 4% drop in the week and a 6.5% decline in the year so far. Upcoming scrutiny of economic data, particularly the Q4 US GDP report

Is Gold a Safe Haven Asset?
Is Gold a Safe Haven Asset?

A wealth of scientific and independent research confirms the nature of gold as a safety asset and emphasizes its importance in investment and pension portfolios. This part of investment fund distribution is designed to increase profitability and combat the overall level of volatility. However, not everyone agrees with this statement.

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