Gold Price Forecast: XAU/USD eyes further downside as United States data fuels US Dollar – by anilpanchal7 Gold XAUUSD Fed PMI RiskAversion
trading hours of Tuesday’s Asian session. In doing so, the XAU/USD takes clues from the comparatively upbeat US data while ignoring upbeat sentiment and hopes of witnessing a sooner end to the tightening cycle at the major central banks.Gold Price stays on the back foot for the fifth consecutive day despite the latest inaction at the lowest level in a week. In doing so, the XAU/USD cheers comparatively better US PMI data versus the activity numbers from the UK, Eurozone and Australia.
During the last week, upbeat prints of the US Retail Sales Group for June superseded the downbeat US housing and activity data to underpin the US Dollar’s rebound from the lowest levels in 15 months. However, the previously released US employment and inflation clues have been downbeat and flag fears of the Federal Reserve’s policy pivot past July, which in turn prod the greenback bulls of late.HCOB Manufacturing PMI slumped to the lowest level since May 2020, to 42.7 for July from 43.
With this, the Gold Price is likely to decline further toward the 50-DMA support of around $1,947. However, a horizontal area comprising multiple levels marked since mid-March, around $1,935-33, will challenge the bears afterward. On the contrary, a daily closing beyond the 100-DMA of around $1,962 will allow the Gold buyers to challenge the aforementioned horizontal resistance surrounding $1,985.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Gold Price Forecast: XAU/USD consolidates around 100-day SMA as traders await Fed, ECB policy meetingsGold Price Forecast: XAU/USD consolidates around 100-day SMA as traders await Fed, ECB policy meetings – by hareshmenghani Gold Commodities Fed ECB XAUUSD
続きを読む »
Adventure Gold price action indicates 'bad actors in the market': traderAGLD has experienced volatile price action after trading above $1.40 on July 20 before falling to $0.76 the following day.
続きを読む »
Morgan Stanley raises economic growth forecast, citing Biden infrastructure ‘boom’Morgan Stanley made a 'sizeable upward revision' to its economic growth forecast for the U.S. GDP this week largely based on a 'boom in large-scale infrastructure.'
続きを読む »
A seasonable forecastScattered to numerous thunderstorms are expected on Sunday along a weak frontal boundary draped across the area. This boundary will slowly drift south throughout the day and by late evening, the most active corridor of showers and storms should be shifting offshore, making northern parts of the FOX10 viewing area much drier the evening.
続きを読む »
GBP/USD: Weekly Forecast 23rd July - 29th JulyThe GBPUSD will begin trading tomorrow near 1.28520, which is a value the currency pair has not traversed in a sustained manner since the 10th of July- Forex Forecast
続きを読む »
EUR/USD: Weekly Forecast 23rd July - 29th JulyThe ability of the EUR/USD to reach a high of nearly 1.12760 last Tuesday touched a value not seen since late February of 2022.
続きを読む »