Elliott Wave Analysis Expects Gold (XAUUSD) to Pullback a Bit More

DXY: The DXY (US Dollar Index) chart currently has a bearish overall momentum, and there’s a potential scenario where price could make a bearish reaction off the 1st resistance level and drop towards the 1st support. The 1st support at 103.28 is categorized as a swing low support. This level is significant as it suggests […]

Key Highlights Gold prices are struggling to recover above the $2,040 resistance. A key bearish trend line is forming with resistance near $2,040 on the 4-hour chart. Bitcoin price declined heavily and traded below $40,000. The US Manufacturing PMI could remain at 47.9 in Jan 2023 (Preliminary). Gold Price Technical Analysis Gold found support near […]

USDCHF reversed from resistance area Likely to fall to support level 0.8500 USDCHF currency pair recently reversed down from the resistance area set between the resistance level 0.8735 (former monthly low from March), 20-day moving average and the 50% Fibonacci correction of the downward impulse from the start of July. The downward reversal from this […]