AUD/USD: “Trump Trade” Overshadowed Cautiously Hawkish RBA, At Risk of Further Downside

Gold consolidates within ascending channel 20- and 50-period SMA post bullish cross MACD and RSI head higher Gold prices have been developing within an upward sloping channel in the short-term view with strong resistance at 2,336 and the 200-period simple moving average (SMA) at 2,345. The mid-level of the Bollinger band (20-period SMA) and the […]

Gold falls to its lowest level in a month But recovers some ground, eyeing 50-day SMA Oscillators improve but remain negatively tilted Gold has been experiencing a pullback from its all-time high of 2,450, breaking below the 50-day simple moving average (SMA). Although the price posted a fresh one-month low on June 7, it has been in […]

The XAU/USD gold chart today indicates that the price of the metal has exceeded USD 2,250 per ounce. Causes: → Geopolitical tensions. Military conflicts in Ukraine and the Middle East do not subside, the threat of terrorist attacks is growing, and new hot spots may appear on the world map. → Concerns about a new […]