Gold price failed to break above $1900 last week and slid down. Read the article to see the technical outlook for the price!
Tag - gold
Gold has plunged amid the stronger US dollar as investors await the Fed’s meeting this week.
The US inflation will come out today at 15:30 GMT+3. Traders can’t wait to see the numbers as they will impact all the pairs with the USD!
The traders’ focus remains on Thursday’s report on US inflation, which may push the Federal Reserve to start discussing tapering bond-buying.
Fibonacci Levels XAG/USD: Silver facing a further consolidation below 23…
The market sentiment is risk-on on Tuesday. The US dollar dipped, while risky assets are rallying up. Jump in to get fresh trade ideas!
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What's moving markets on Friday? Read in the fresh report!
The main focus of traders will be on US inflation at 15:30 GMT+3. Analysts expect the huge spike of the US inflation.
Stocks especially tech ones dropped on Tuesday on concerns over inflation. Gold is viewed as a hedge against inflation, that’s why it’s trading now near the three-month high.
Fibonacci Levels XAU/USD: Gold facing a further consolidation on a full-time retracement area…
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