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Tag: Pivot
Gold (XAU) Silver (XAG) Daily Forecast: U.S. Inflation Data Looms, Pivot Levels Hold Strong
Friday's strong US Nonfarm Payrolls (NFP) report reinforced expectations of reduced rate cuts, support for the US dollar (USD) and…
Gold (XAU) Silver (XAG) Daily Forecast: Can Gold Stay Above $2,677 Pivot Amid Rising Treasury Yields?
These robust data have boosted the US dollar, which remains near two-year highs, and pushed up government bond yields. As…
Gold News: Traders Await Nonfarm Payrolls as Prices Hover Near $2,663 Pivot
At 11:56 GMT, XAU/USD is trading $2671.16, up $9.50 or +0.36%. Demand for Safe-Haven Boosts Gold to Near Four-Week High…
Silver Forecast: Traders Absorbing NFP Numbers While Straddling Pivot
Daily Silver (XAG/USD) A sustained move above $31.29 could generate new buying interest, but traders are encountering resistance at the…
Silver (XAG) Forecast: $30.60 Pivot Holds as Market Awaits Powell’s Rate Clues
Daily Silver (XAG/USD) Silver continues to trade within a narrow range of $2.00, with $30.60 serving as a key pivot…
Silver (XAG) Forecast: As Jobs Report Looms, Can $30.44 Pivot Steer Silver Higher?
Weekly US Dollar Index (DXY) The US Dollar Index (DXY) reached a high of 108.071 earlier this month before retreating…
Silver (XAG) Forecast: Short-Term Outlook Hinges on PCE Data and $30.61 Pivot
Upside resistance includes $31.29, followed by the minor top at $31.54 and the 50-day moving average. A move below $30.61…
Silver (XAG) Daily Forecast: AI and Green Energy Drive Demand Above $30.63 Pivot
Historically, silver has performed strongly during rate cut cycles. Peter Krauth, author of The great silver bullhighlights that silver prices…
Gold (XAU) Daily Forecast: Will $2,626 Pivot Spark a Breakout or Pullback?
Speculation about Fed rate cuts is taking center stage Investor attention is now firmly focused on the Federal Reserve, with…
Gold (XAU) Daily Forecast: Dollar Stalls, Can Prices Break Above $2,590 Pivot?
Gold – Chart Gold (XAU/USD) is currently trading at $2,585.92, up 0.91% on the day, and is showing signs of…