Spot Gold’s run into unexplored territory continues on Monday, with the bright metal overcoming the $4,100 threshold early in the American session. Multiple factors are pushing the safe-haven metal higher.
In this video, we analyze the technical setup and key catalysts – Fed easing bets, US-China tariff war, central bank buying, and FOMO trades – driving Gold’s record rally (breaking above $4,000 and targeting $4,138).
The EUR/USD pair is under selling pressure on Monday, trading around 1.1570 early in the American session. Financial markets started the week in risk-aversion mode, following late Friday headlines coming from the United States (US).
Gold bulls have once again stabilized above the historic psychological resistance of $4000 per ounce, following a period of limited profit-taking sales after gold prices reached an all-time high of $4059 per ounce. According to gold trading platforms, the recent sell-off did not extend beyond the $3944 per ounce level. Moreover, the previous week’s trading…
Investor confidence in the US dollar as a safe-haven asset was renewed following Trump’s threat to impose harsh tariffs on China starting next month, despite the ongoing US government shutdown now in its third week. This increased sell orders on the EUR/USD pair last week, with losses extending to the 1.1542 support level, near the…
The US dollar has rallied a bit during the trading session here on Friday as we are approaching the 18.50 pesos level. This is an area that previously had been support, so it does make a certain amount of sense that it ends up being resistant as market memory comes into the picture. The 50…