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Gold Price Forecast: XAU/USD plummets to over two-week low amid resurgent US Dollar demand
Gold price meets with heavy supply on Wednesday and dives to over a two-week low. Rising US bond yields boost the US Dollar and...
Candlestick & Company
Apr 19, 20231 min read
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Breaking: Gold rises above $2,040 to highest since March 2022 after US data
US data weighs on the US Dollar, fuels gold rally. XAU/USD gains more than $30 on Thursday, trades above $2,040 at the highest in 13...
Candlestick & Company
Apr 13, 20231 min read
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US CPI Data Forecast: US Dollar bulls need hot numbers to remain
Annualized Consumer Price Index in the US is expected to decline to 5.2% in March. Core CPI is forecast to edge higher to 5.6% YoY in...
Candlestick & Company
Apr 12, 20231 min read
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Oil down after Fed comments, U.S. crude stock build
Oil prices dipped on Thursday, having hit their lowest since late 2021 earlier this week, after Federal Reserve Chair Jerome Powell...
Candlestick & Company
Mar 23, 20231 min read
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Gold Price Forecast: Flatlining ahead of FOMC meeting
Gold price finds its feet after losing almost $60 in 48 hours. The next directional move depends heavily on the outcome of the FOMC. Gold...
Candlestick & Company
Mar 22, 20231 min read
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Gold prices face resistance at $2,000 as Fed meeting looms
Gold prices were muted in early Asian trade on Tuesday after touching key highs in the prior session as markets locked in some profits...
Candlestick & Company
Mar 21, 20232 min read
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Gold Price Forecast: XAU/USD holds steady below $1,850 level, awaits Powell’s testimony
Gold price remains on the defensive on Tuesday, though lacks any follow-through selling. Retreating US bond yields keeps the US Dollar...
Candlestick & Company
Mar 7, 20231 min read
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Gold Price Forecast: XAU/USD flirts with $1,850 support confluence, focus on Fed’s Powell, US NFP
Gold price remains sidelined as bulls take a breather amid sluggish start to the key week. Mixed headlines from China, cautious mood...
Candlestick & Company
Mar 6, 20231 min read
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Dow futures up 70 pts; jobless claims, retail earnings in focus
U.S. stocks are seen opening in a mixed fashion Thursday ahead of the release of weekly jobless data as well as more quarterly corporate...
Candlestick & Company
Mar 2, 20232 min read
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Silver Price Analysis: XAG/USD recovers further from YTD low, lacks bullish conviction
Silver gains traction for the second straight day and recovers further from the YTD low. The setup favours bearish traders and supports...
Candlestick & Company
Mar 1, 20231 min read
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Gold prices hover above 2023 lows as Fed uncertainty persists
Gold prices kept to a tight range on Tuesday after recovering slightly from their weakest level this year, as concerns over rising...
Candlestick & Company
Feb 28, 20232 min read
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XAU/USD Gold Price Forecast: Downside pressure through upbeat US macroeconomic data
Gold price stays in bearish mode, approaching $1,800 psychological support. US Dollar stays dominant across the board as US macroeconomic...
Candlestick & Company
Feb 27, 20231 min read
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Gold Price Forecast: 51% of mean-reversion signals point to further XAU/USD downside
“From a technical lens, Gold now screens most overbought in the precious metals complex with 51% of mean-reversion signals pointing to...
Candlestick & Company
Feb 17, 20231 min read
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Oil drops on U.S. inventory jump and interest rate worries
Oil dropped for a second day on Wednesday as an industry report pointed to ample supplies in the United States and expectations of...
Candlestick & Company
Feb 15, 20232 min read
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Gold prices retreat on CPI angst, copper hit by China uncertainty
Gold prices fell to near one-month lows on Monday as traders awaited more cues on the U.S. economy from key inflation data due this week,...
Candlestick & Company
Feb 13, 20232 min read
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US: Weekly Initial Jobless Claims rise to 196K vs. 190K expected
Initial Jobless Claims in the US increased by 13,000 in the week ending February 4. US Dollar Index stays deep in negative territory...
Candlestick & Company
Feb 9, 20231 min read
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Ethereum gas price spikes 29% in January as user activity grows: Report
Stepping into 2023, the cryptocurrency market seemingly shrugged off the year-long bearish sentiment from 2022. As investors took notice,...
Candlestick & Company
Feb 8, 20231 min read
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Gold treads water as high yields weigh, Powell talk in focus
Gold prices steadied at a near one-month low on Tuesday amid continued pressure from strength in the dollar and Treasury yields, with...
Candlestick & Company
Feb 7, 20232 min read
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Dow futures fall 200 pts; Dell in focus following report of job cuts
U.S. stocks are seen opening lower Monday, starting the new week on a negative note as investors awaited the release of more corporate...
Candlestick & Company
Feb 6, 20231 min read
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U.S. futures mostly point higher ahead of crucial U.S. GDP data
Wall Street futures mostly gained on Thursday as investors looked ahead to the release of key U.S. economic data and examined a fresh set...
Candlestick & Company
Jan 26, 20232 min read
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