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Technical outlook points to a correction before the next leg down. Our experts make weekly updates forecasting the next possible moves of the gold-dollar pair.
Gold Momentum. IlyaSpivak Mar 30, Follow. The Dollar has gained some modest traction against the majors today. Access forex news live and read about the latest trends affecting commodities, indices and more. Hope you're all safe, fellas! Gold UpTrend Momentum.
Here you can find the most recent forecast by our market experts:. US yields are rising ahead of President Biden's speech on infrastructure spending while virus-ravaged Europe struggles with its vaccination campaign. US Consumer Confidence smashed estimates with Britain's successful vaccination campaign is keeping sterling only relatively bid in comparison to other currencies. US Dollar Index climbs to multi-month highs beyond Following a dismal start to the week, crude oil prices gained traction and the barrel of West Texas Intermediate WTI finished the first day of the week in the positive territory.
Read more details about the forecast. Overall, gold outlook remains bullish with the rate of increase in prices softening when compared to Despite the liquidity flooding the financial markets, inflation outlook in major economies remains subdued and major central banks voiced their commitment to keeping their policies extremely loose until they see a convincing increase in price pressures.
This suggests that investors will not give up on gold in the near future.
On the other hand, a return to normality with mass COVID vaccinations could make risk-sensitive assets more attractive, especially in the second half of , and dampen the demand for the yellow metal. Wait for long.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Gold UpTrend Momentum.
Here we go master! Note: I have attached my previous forecast. Keep in watch and good luck master :.
Yesterday gold finally moved off dead center - resistance zone I have to update my previous forecast, because, contrary to my expectations, the price did not begin to rise to resistance and immediately began to fall. The main reasons for the fall are 3: - General downward trend amid world news - Strong And will start a new candle. Is it going to be green or red? Well, I don't know that.
And change direction in to Downtrend Impulsive move. TradingView EN. Videos only. GOLD fall has begun. Gold strong support arrived 0.
GOLD continuation of fall. Gold's Situation. Gold Momentum.
GOLD: the movement has finally begun! Show more ideas.