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XAU/USD keeps falling down
Information is not investment advice
Last week XAU/USD made the biggest weekly decline since August. Pay attention to higher timeframes: a “shooting star” candlestick was formed on the MN timeframe after the 4 months of growth. It seems that the gold is finally into the bearish correction.
The weekly pivot point is located at 1305. Sellers will dominate as long as the precious metal is trading below this level. The targets lie at 1278.25 (weekly pivot S1) and 1275 (38.2% Fibo retracement of the August-February advance).
Greetings, fellow forex traders! Exciting news for those with an eye on the Australian market - the upcoming interest rate decision could be good news for Aussies looking to refinance or take out new loans. The Mortgage and Finance Association Australia CEO, Anja Pannek, has...
Hold onto your hats, folks! The Japanese yen took a nosedive after the Bank of Japan (BOJ) left its ultra-loose policy settings unchanged, including its closely watched yield curve control (YCC) policy. But wait, there's more! The BOJ also removed its forward guidance, which had previously pledged to keep interest rates at current or lower levels. So, what's the scoop? Market expectations had been subdued going into the meeting, but some were still hoping for tweaks to the forward guidance to prepare for an eventual exit from the bank's massive stimulus