Gold Price Forecast: XAU/USD to resume its downtrend and fall below $1,700 – ANZ Gold XAUUSD Banks Technical Analysis
“Prices settling above the $1,800 resistance will be crucial to confirm a bullish trend in Gold. With theexpected to hike in December by 50 bps and inflation staying well above the target range, we believe it would be difficult for XAU/USD to break this resistance before the end of this year.”
“We expect Gold to take support at $1,700, while prices could still test the downside of $1,620, which is a key support level in the near-term. A break of $1,620 could potentially open the door for prices to fall below $1,600.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Gold Price Forecast: XAU/USD drops below $1750, but buyers defend $1720 supportGold Price Forecast: XAU/USD drops below $1750, but buyers defend $1720 support – by christianborjon Gold XAUUSD Metals Macroeconomics Technical Analysis
Weiterlesen »
Gold Price Forecast: XAU/USD attempts a recovery above $1,740 as risk-on profile reboundsGold Price Forecast: XAU/USD attempts a recovery above $1,740 as risk-on profile rebounds – by Sagar_Dua24 Gold XAUUSD Fed Inflation DollarIndex
Weiterlesen »
Gold Price Forecast: XAU/USD rebounds inside weekly bearish channel, Covid, Treasury yields in focusGold Price Forecast: XAU/USD rebounds inside weekly bearish channel, Covid, Treasury yields in focus – by anilpanchal7 Gold XAUUSD YieldCurve Fed Coronavirus
Weiterlesen »
Gold Price Forecast: XAU/USD advances towards $1,750 amid subdued DXY, US Durable Goods hog limelightGold Price Forecast: XAU/USD advances towards $1,750 amid subdued DXY, US Durable Goods hog limelight – by Sagar_Dua24 Gold XAUUSD Fed Inflation DollarIndex
Weiterlesen »
Gold Price Forecast: XAU/USD to stage a comeback above $1,750Gold price turns positive on Tuesday, the first time in five trading days. As FXStreet’s Dhwani Mehta notes, XAU/USD looks to recapture $1,750 amid a
Weiterlesen »
Gold Price Forecast: October CPI figures erase some downward potential in XAU/USD – SocGenGold price rose 3.9% in the week ending 15 November 2022 after the US Consumer Price Index report came softer than expected. This alleviated downside
Weiterlesen »