In this article, we conduct an in-depth analysis of gold's outlook from a fundamental and technical standpoint. We cast our gaze upon key market drivers that hold relevance for bullion and dissect important price levels worth watching this week.
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.Oil - US Crude IG Client Sentiment: Our data shows traders are now net-long Oil - US Crude for the first time since Aug 30, 2023 when Oil - US Crude traded near 81.43.Oil - US Crude IG Client Sentiment: Our data shows traders are now net-long Oil - US Crude for the first time since Aug 30, 2023 when Oil - US Crude traded near 81.43.
Boost your trading acumen by immersing yourself in an extensive analysis of gold's prospects, featuring both fundamentals and technical analysis. Don't miss out on your free Q4 trading guide!If labor market data surprises to the upside, yields are likely to continue their upward path. This is predicated on the assumption that economic resilience may compel policymakers to deliver another quarter-point hike this year and to keep interest rates high for longer to safeguard price stability.
Hunting for trading ideas? Don't miss out on DailyFX's top trading opportunities for the fourth quarter – a valuable and free guide!After its recent pullback, gold appears to be hovering around an important support zone near $1,810, where the lower boundary of a short-term descending channel aligns with the swing lows recorded in February and March.
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