Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

Gold’s Next Move Could Be Huge!
Gold’s Next Move Could Be Huge!

Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.

Trade Idea: Gold Breakdown
Trade Idea: Gold Breakdown

A comparative examination of the strength of the US-Dollar often gives tangible insight into the direction of Gold (XAUUSD). The chart above indicates the expectation of a bullish price reaction from the demand zone

Is the Future of Gold Clear Now?
Is the Future of Gold Clear Now?

For those who may be unfamiliar with Price Action trading, the horizontal arrows represent areas where the market structure was broken. As you can see in the scenario above, price broke below the previous low at the two marked instances

Trade Idea for Gold (XAUUSD)
Trade Idea for Gold (XAUUSD)

Usually, the Dollar and GOLD are negatively correlated. This means that the stronger the US-Dollar becomes, the lower Gold prices will be as many more investors will prefer liquid investments. Times of crises and the need to safeguard funds are the major exceptions to this.

Gold Isn't Saving Investors From Inflation
Gold Isn't Saving Investors From Inflation

Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?

Fed Pretends to Control the Market
Fed Pretends to Control the Market

On May 4, the US Federal Reserve revealed the federal funds rate for the next two months. Even though a 50 basis points hike was widely expected, the future is not so clear. Let’s figure it out bit by bit!

 Are Conditions Perfect for Gold’s Uptrend?
Are Conditions Perfect for Gold’s Uptrend?

Apart from inflationary pressures, all other factors were serving as tailwinds to gold after reaching $2000 in August 2020. But inflation along with the slowing global economy are the factors that make gold shining brighter.

Days are Numbered for Gold
Days are Numbered for Gold

Gold is one of the most popular trading assets in the world, with a several age history and an unbelievably large market capitalization of $11 trillion.

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