Back

Gold Price Forecast: XAU/USD keeps sight of $1,615 and $1,600

Gold price is looking to extend the previous sell-off. As FXStreet’s Dhwani Mehta notes, XAU/USD remains on track to test $1,600.

Any recovery attempt could test $1,647

“The fresh downtrend opens doors for a test of the 2022 lows at $1,615 before the $1,600 threshold can be probed.”

“The 14-day Relative Strength Index (RSI) lurks below the midline, keeping the downside potential intact.”

“Any recovery attempt could test the previous trendline support turned resistance, now at $1,647. The next upside target is seen at intermittent lows at around $1,660. Bulls will then yearn for acceptance above the mildly bearish 21-Daily Moving Average (DMA) at $1,666.”

 

NZD/USD points to extra consolidation near term – UOB

According to Markets Strategist Quek Ser Leang and Economist Lee Sue Ann at UOB Group, NZD/USD faces further side-lined trading in the next weeks, lik
了解更多 Previous

Natural Gas Futures: Rising bets for extra decline

Considering advanced prints from CME Group for natural gas futures markets, traders added around 7.5K contracts to their open interest positions on We
了解更多 Next