Gold Price Forecast: XAU/USD bears firming at critical 38.2% Fibo daily resistance.

The price of gold is trying to correct from daily support. Bullish correction eyed towards M-formation neckline but bears lurk at a daily 38.2% Fibo. US CPI was regarded as a meanwhile relief for financial markets. At the time of writing, the gold price is some 0.8% higher and correcting from daily support located inContinue reading “Gold Price Forecast: XAU/USD bears firming at critical 38.2% Fibo daily resistance.”

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One of the best promo from XM… Everyone is guaranteed to win… Make sure your account has atleast 100 dollars or it’s equivalent and win…..…. Every qualified client from Africa wins a prize in our latest Everybody Wins promo. Between 4 April and 31 May 2022, registered clients across Africa with an account balance ofContinue reading “Everyone guaranteed a Prize by XM”

Gold Price Forecast: Safe-haven flows are the name of the game for XAU/USD.

The ongoing geopolitical and macroeconomic instability is driving safe-haven fund flows into gold. Economists at TD Securities expect the yellow metal enjoy further upside amid this backdrop. Hawkish Fed backdrop still poses downside risks.“So long as material progress on ceasefire talks and de-escalation remains elusive, haven flows are likely to keep the yellow metal proppedContinue reading “Gold Price Forecast: Safe-haven flows are the name of the game for XAU/USD.”

GBP/USD: Close above 1.3150 to signal a possible reversal.

The GBP is following the broad dollar-negative tone with a 0.4% gain on the day to the mid-1.31s. A close above this region could signal a possible reversal in the cable, economists at Scotiabank report. Weak resistance stands at ~1.3180 ahead of the 1.32 mark.“GBP price action since its test of 1.33 last week pointsContinue reading “GBP/USD: Close above 1.3150 to signal a possible reversal.”