News hero gradient

Gold Weekly Outlook

Stay in step with market opportunities and get insights, actionable trade ideas and dedicated support.

Sort by:

  • Newest
  • Popular
gold_02

Gold Price Stages Five-Day Rally for First Time Since March

The price of gold trades back above the 50-Day SMA ($2664) as it stages a five-day rally for the first time since March.

default avatar
By : David Song
November 23, 2024 05:00 PM
    gold_03

    Gold Price Forecast: Has Gold Topped?

    Gold has now put in two consecutive red bars on the weekly and that’s been rare as there’s only been two other occurrences of such in the past seven months. But it’s still too early to say that the metal has topped.

    Research

    Gold analysis: XAU/USD rebounds as Trump’s lead narrows

    Gold has started a busy week on the front-foot, after finishing last week on a downbeat note. The recovery is due in part to a weaker US dollar as investors have evidently scaled back some Trump trades – which also explains the gap seen in the EUR/USD pair we saw overnight .

    Why trade with City Index?

    Tight spreads from 0.5 pts on FX and 0.3 pts on indices.


    Award-winning platforms with fast and secure execution.

    Open account
    N_A_Promo_Block_BG_Comp
    Research

    Gold forecast: XAU/USD eases US election keeping US dollar bid

    The yellow metal ended Friday near its session lows, creating some bearish-looking price candles on both the daily and weekly time frames. So the near-term gold forecast is somewhat bearish ahead of the much-anticipated US presidential election and the FOMC’s policy meeting in the week head.

    gold_02

    Gold Price Forecast: RSI Falls Back from Overbought Zone

    The price of gold may consolidate over the remainder of the month as the Relative Strength Index (RSI) falls back from overbought territory.

    default avatar
    By : David Song
    October 26, 2024 06:00 PM
      gold_01

      Gold Bulls Drive the Bid Ahead of Expected ECB Rate Cut

      It was last month’s ECB rate cut announcement that triggered a bullish breakout in gold beyond the 2530 level, and bulls didn’t really look back at all until the 2600 test at the FOMC rate cut announcement.

      Open an account in minutes

      Experience award-winning platforms with fast and secure execution, and enjoy tight spreads from 0.5 pts on FX and 0.3 pts on indices.

      Open account
      N_A_Promo_Block_BG_Comp

      This report is intended for general circulation only. It should not be construed as a recommendation, or an offer (or solicitation of an offer) to buy or sell any financial products. The information provided does not take into account your specific investment objectives, financial situation or particular needs. Before you act on any recommendation that may be contained in this report, independent advice ought to be sought from a financial adviser regarding the suitability of the investment product, taking into account your specific investment objectives, financial situation or particular needs.

      StoneX Financial Pte. Ltd., may distribute reports produced by its respective foreign entities or affiliates within the StoneX group of companies or third parties pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the report is distributed to a person in Singapore who is not an accredited investor, expert investor or an institutional investor (as defined in the Securities Futures Act), StoneX Financial Pte. Ltd. accepts legal responsibility to such persons for the contents of the report only to the extent required by law. Singapore recipients should contact StoneX Financial Pte. Ltd. at 6826 9988 for matters arising from, or in connection with the report.

      In the case of all other recipients of this report, to the extent permitted by applicable laws and regulations neither StoneX Financial Pte. Ltd. nor its associated companies will be responsible or liable for any loss or damage incurred arising out of, or in connection with, any use of the information contained in this report and all such liability is hereby expressly disclaimed. No representation or warranty is made, express or implied, that the content of this report is complete or accurate.

      StoneX Financial Pte. Ltd. is not under any obligation to update this report.

      Trading CFDs and FX on margin carries a high level of risk that may not be suitable for some investors. Consider your investment objectives, level of experience, financial resources, risk appetite and other relevant circumstances carefully. The possibility exists that you could lose some or all of your investments, including your initial deposits. If in doubt, please seek independent expert advice. Visit www.cityindex.com/en-sg/terms-and-policies for the complete Risk Disclosure Statement.