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Gold’s pace moderates within triangle prior to Thursday’s CPI inflation data Technical signals favor the bears, but the trend may remain positive Gold held within the range of 2,624-2,670 despite the upbeat US jobs data last Friday, forming a symmetrical neutral triangle at the top of its broad uptrend. Falling technical indicators suggest that buying sentiment is […]

The post Gold Bulls Take a Rest After Rallying appeared first on Action Forex.

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11/09/2024

US Treasury Yields Decline Boosts Gold Prices

Gold prices went up by 0.30% on Tuesday as US Treasury yields dropped and the US dollar weakened, with traders waiting for important US inflation data. This data, along with the first presidential debate between Kamala Harris and Donald Trump, may influence the market’s mood. Gold (XAUUSD) is currently trading at $2,514, recovering from a […]
08/12/2023

Weekly Focus – Central Bank Bonanza

Yield curves flattened further this week as longer dated yields traded lower on the back of softer US labour market data and not least ECB’s Schnabel’s interview with Reuters where she passed on the opportunity to oppose the recent aggressive market pricing of the ECB. In line with this, the euro has continued to weaken. […]
08/11/2024

Cliff Notes: An Event-Filled Week

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