Gold Price Forecast: XAU/USD has room to gradually decline all the way to $1,752.

XAU/USD Death Cross pattern is emerging. Yohay Elam, an Analyst at FXStreet, explains what it means and highlights levels to watch.Fears of the Fed open the door to an increase in yields, adverse for gold “The Death Cross is when the 50-day SMA crosses the 200-day SMA to the downside. They are about to ‘kiss’Continue reading “Gold Price Forecast: XAU/USD has room to gradually decline all the way to $1,752.”

GBP/USD to extend its slide, 1.3530 aligns as the next target on the downs.

GBP/USD has come under renewed bearish pressure on Friday. Disappointing UK data and failure of 1.3600 support points to further losses, FXStreet’s Eren Sengezer reports.Next support for the pair aligns at 1.3530.“The UK’s Office for National Statistics reported that Retail Sales in December declined by 3.7% on a monthly basis. This print missed the marketContinue reading “GBP/USD to extend its slide, 1.3530 aligns as the next target on the downs.”

EUR/USD has more downside in the first half of 2022.

However, EUR/USD is set to bounce back towards 1.15 later in the year.Break of 1.12 to trigger a move below 1.10.“We’re sticking to a core view that.EUR/USD has more downside in the first half of this year, but plenty of upside in the second half.”“We expect a break of 1.12 to trigger a move belowContinue reading “EUR/USD has more downside in the first half of 2022.”

GBP/USD to come under renewed selling pressure if buyers fail to defend 1.3600.

GBP/USD seems to have gone into a consolidation phase above 1.3600. However, the near-term technical outlook doesn’t yet point to a buildup of bullish momentum and sellers wait for 1.3600 support to fail, FXStreet’s Eren Sengezer reports.Near-term resistance seems to have formed at 1.3650 “In case Wall Street’s main indexes continue to push lower afterContinue reading “GBP/USD to come under renewed selling pressure if buyers fail to defend 1.3600.”