Fed Faces Dilemma Amid Sticky Inflation and Slowing Economy

As the XAU/USD chart shows, on 16th July, the gold price rose above $2460 for the first time in history. The bullish sentiment is driven by: → Anticipation of Fed rate cuts, as the appeal of non-yielding bullion generally increases in low-interest-rate environments. → Geopolitical tensions, with an attempt on Trump’s life possibly boosting demand […]

Key Highlights AUD/USD declined below 0.6650 and tested the 0.6525 zone. A major bearish trend line is forming with resistance near 0.6610 on the 4-hour chart. EUR/USD is consolidating losses near the 1.0900 zone. Crude oil prices might start another increase above the $75.50 resistance. AUD/USD Technical Analysis The Aussie Dollar started a major decline […]

Natural gas reversed from resistance zone Likely to fall to support level 2.6000 Natural gas recently reversed down from the resistance zone located between the resistance levels 3.200 and 3.0000, which have been reversing the price from the start this year, as can be seen below. The aforementioned resistance zone was further strengthened by the […]