Gold Price Looks to FOMC Minutes as Catalyst for Volatility
of clients are net short. Long
News
of clients are net short. Long
News
2021-07-06 22:00:00
Rich Dvorak,
Analyst
GOLD PRICE OUTLOOK – EYES ON FOMC MINUTES, US DOLLAR, YIELDS
Gold price action climbed on Tuesday to challenge the psychological $1,800/oz level
Gold likely benefited from a sharp move lower in ten-year Treasury yields to 1.35%
XAU/USD volatility might accelerate with the release of Fed meeting minutes on tap
Gold gained ground and briefly topped the $1,800-price level during Tuesday’s trading session. The precious metal closed 0.3% higher on balance after struggling to maintain altitude above the psychologically-significant area of resistance. XAU/USD was able to advance despite broad-based US Dollar strength as gold price action likely benefited from the plunge in ten-year Treasury yields. That sai
Gold (XAU/USD) Forecast: Gold Holds Firm Despite Positive NFP Report
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Gold Price Forecast: XAU Builds into Range After Fed-Fueled Fire Sale
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Gold Price Retreats to Support Ahead of Pivotal FOMC Meeting
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Gold Price Chart Posts Bullish Golden Cross Formation, Will it Rally?
2021-06-09 20:30:00
Peter Hanks,
Strategist
Gold Price Forecast:
Gold posted a bullish “golden cross” formation this week that could suggest further gains are ahead
Gold bulls will need to avoid further taper talk that could spark a USD rally and cripple gold gains
Gold Price Chart Posts Bullish Golden Cross Formation, Will it Rally?
Gold prices may continue to rise after the precious metal posted a bullish moving average crossover on the daily chart early this week. The “golden cross” formation occurs when a shorter-term moving average overtakes a longer-term moving average and many traders take the crossover as a hint that further gains could be in store. In the case of the gold price chart, the 50-day simple moving average has overtaken the 200-day simple moving average around the $1828 price point and may equip gold with the bullish sentiment required to push higher.