Gold is testing bearish commitments at the $4,250 psychological level on Thursday, pausing a two-day uptrend as markets weigh a less hawkish than feared US Federal Reserve (Fed) policy announcements.
EUR/USD manages to pick up some fresh and robust buying interest on Wednesday, advancing to the boundaries of 1.1700 the figure on the back of the resurgence of a marked downside momentum in the US Dollar (USD).
Gold price kept seesawing around the $4,200 mark throughout the first half of Wednesday, unable to attract investors. The FX board has been quiet due to the absence of a clear directional catalyst, exacerbated by the United States (US) government shutdown and the resulting uncertainty, which affect
The Australian Dollar (AUD) struggles to extend further its ongoing rally, with AUD/USD coming under some tepid pressure around the 0.6650 region, or multi-week tops.
The performance of the gold price index on the daily chart hints at a strong forthcoming move in either direction, and today’s most significant event—the US Central Bank announcement—may be the catalyst for this to occur. Spot gold prices have been moving in extremely narrow ranges during recent trading sessions, oscillating between the support level…
Dear reader, as observed in market performance, the EUR/USD pair is showing stability within a short-term ascending triangle pattern, with the price currently testing the horizontal resistance level at the psychological mark of 1.1650. This chart pattern typically signals bullish continuation, suggesting the possibility of an upward breakout. The EUR/USD is trading around the 1.1645…