Gold
Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.
- Newest
- Popular
Gold Forecast: XAU/USD Nears Record Highs as “Year of Metals” Continues
Gold remains in a clearly bullish structure, with all eyes on XAU/USD's record highs in the $2420-30 zone.
Silver analysis: precious metal takes out $30
Our silver analysis suggests that the precious metal could potentially rise far beyond the $30 level, if the recent gains by gold and copper are anything to go by and in light of the big technical breakout from a multi-year consolidation pattern.
Silver analysis: Precious metal about to break $30 barrier
Following the release of more disappointing US data, silver now looks poised to hit that key $30 level and potentially rise far beyond that level, if the recent gains by gold and copper are anything to go by.
Gold forecast boosted by weaker US dollar ahead of CPI
How is the metal likely to react to today’s CPI data? Well, it may not be quite straight forward as I have explained in this article. CPI is expected to have moderated in April to 3.4% y/y from 3.5% previously.
Gold forecast remains positive as metal eases on profit-taking
Today’s 1% drop in gold prices appears to be driven by profit-taking, as it comes amid a quiet day for data and follows a decent 2.5% rally last week. However, our gold forecast remains bullish, with the precious metal potentially heading towards its third consecutive month of gains.
Gold, silver and copper eyeing upside, US inflation report key to US dollar impact
The stronger US dollar has acted as a handbrake on commodity prices, limiting what may have been otherwise a spectacular rebound to start 2024. Imagine what may happen if the dollar were to break down?
EUR/USD, AUD/USD, gold look set to take advantage of US dollar weakness
The US dollar snapped its 3-day winning streak and formed a bearish outside day, helping gold reach our upside target. EUR/USD and AUD/USD are now eyeing a move towards key resistance levels.
Gold forecast remains bullish despite dollar strength this week
The greenback was higher again at the time of writing, which partly explains the earlier weakness in metals prices. Despite that, though, gold and silver recovered from their earlier weaknesses along with equity indices once US investors entered the fray.
USD/JPY, GBP/USD, gold forecast: Technical levels for May 8, 2024
GBP/USD could extend its losses despite the US dollar 'rebound' already losing steam, whilst gold's base looks set for a bullish breakout and USD/JPY might achieve another leg higher before it tops. In my opinion, at least.
Gold and silver analysis: Grey metal poised for fresh breakout
Silver breaks bull flag resistance trend to signal potential trend resumption following the big rally in early last month.
Gold rebound stalls as key market drivers go AWOL
Gold continues to consolidate below just record highs, paying scant attention to movements in other markets and geopolitical headlines since the start of May. As such, until we receive a definitive signal on direction, range trading is favoured near-term.
AUD/USD rises into RBA, GBP/JPY, gold look set to bounce: Asian Open
Both gold and GBP/JPY are showing signs of stability around key support levels to suggest they could extend their bounce. But with AUD/USD rising for four days on anticipation of a hawkish RBA, whether AUD/USD can extend its rally beyond resistance is up for question.
US dollar, GBP/USD, USD/JPY, VIX analysis: COT report
The BOJ's intervention prevented large speculators from reaching a record level of net-short exposure, asset managers continued to trim net-long exposure to the US dollar and US indices and also flipped to net-long the VIX.
Gold analysis: Outlook remains positive despite post NFP drop
Gold remains in dip-buying mode but fresh bull signal needed. On Friday, NFP and ISM services PMI both came in weaker although gold couldn't break out. Economic calendar is lighter for US data in the week ahead.
Gold and silver analysis: XAG/USD nears major support
Precious metals have been hit by profit-taking, strong USD and reduced rate cut bets in recent weeks. However both gold and silver remain in dip-buying mode, with prices no longer extremely overbought. Silver technical analysis suggests that XAG/USD could rebound from breakout area circa $25/$26 zone.
Gold analysis: Metal ready to take off again?
Gold analysis: Metal remains fundamentally support, so we could see a renewed rally. This week’s macro highlights include FOMC policy decision, NFP and ISM PMIs. Gold technical analysis shows prices respecting the 21-day exponential moving average.
EUR/USD, GBP/USD flip to net-short, JPY shorts near record high: COT report
There seems to be no fear in shorting then yen, given large speculators pushed net-short exposure to the second highest level on record last week. EUR/USD and GBP/USD also flipped to net-short exposure.
Gold outlook remains positive as traders eye key US data
Gold outlook remains fundamentally supported in the long term as discussed in this article. In the short-term, traders are awaiting the release of US GDP and Core PCE data this week, ahead of NFP next week. Meanwhile, technical analysis shows the metal is finding some renewed support around its 21-day exponential average.
Gold analysis: Can metal start rising again now?
Has gold selling already or nearly done? Gold remains fundamentally supported in the long term, although there is room for further correction. Gold technical analysis shows prices are no longer as overbought as a couple of weeks ago.
Gold, silver: Buying the dip needs a health warning given heavy price action
The bigger the rally the harder the fall? Traders dabbling in the precious metals space may be asking that exact question with gold and silver extending their losses on Tuesday after a brutal start to the week.
Gold’s worst day in two years, Crude oil eyes bounce above $80: Asian Open
There has been a shakeup at the top for gold, which opened the week at the high and closed the day at the low during its worst day in two years. We also look at a potential swing trade long on WTI crude oil.
EUR/USD, Gold, Crude Oil, 2-year note analysis: COT report
EUR/USD futures traders are on the cusp of flipping to net-short exposure, and managed funds are increasing their short exposure to gold and crude oil.
Gold price forecast: Sustainable bull markets need to breathe occasionally
The inverse relationship between bond yields and US dollar with the gold price has broken down in 2024, meaning technicals and inflation expectations are arguably a more important driver right now.