Gold (XAU) Silver (XAG) Daily Forecast: Will Profit-Taking Trigger a Pullback? – FX Empire
Profit and excessive conditions affect money The key factor behind the modest decline in gold is profitable as the daily chart shows slightly bought conditions. “The rapid rise in gold has made it vulnerable to pullbacks,” said a senior market analyst. Traders unleash some bullish positions as they wait for fresh catalysts, especially US economic […]
Gold News: Will Upcoming PCE Inflation Data Reinforce Gold’s Appeal? – FX Empire
Daily Gold (Xau/USD)The broader trend in gold remains bullish, with the $3,000 level as an important psychological target. Strong, safe demand driven by US trade tensions and escalating sustained inflation risks supports further benefits. Next week, traders will focus on core personal consumption spending (PCE) deflators, with economists expecting a 0.3% increase. Other important reports […]
Gold Price Forecast: Bullish Breakout Stalls, Bearish Risks Increasing – FX Empire
Breakout failed A failed bullish breakout could be tracked in the opposite direction. In other words, there are more opportunities for bearish reversals. Today's $2,917 low can lead to a drop below the bottom of the pennant, which can lead to a drop that could potentially fall below the bottom of the pattern. Support is […]
Empire State Building approves hated surge-pricing model
Tourists who want to watch the sunset from the Empire State Building's observation deck could soon be forced to exceed $100 or more. That's because the owners of the renowned landmark decided to enact dynamic pricing. This is a scheme that allows you to earn money that is hated by increasing ticket prices during high […]
Silver (XAG) Forecast: Gold Rally Fuels Bullish Momentum as Breakout Looms – FX Empire
Daily Silver (XAG/USD)Silver prices rose on Thursday, with bullish traders looking at $33.39 at last week's high. Breaking this level can result in a surge from $34.87 to $35.40 tolerance, setting up the metal for potentially significant benefits. Support is $32.53 and a key pivot is $31.81. The metal's intermediate and long-term technical trends remain […]
Natural Gas News: Futures Retreat as Profit-Taking Hits Post-Weather Rally – FX Empire
Daily natural gasThe market is technically supported, but there are signs of shaking momentum. The key pivot is $3.505. If prices fall below this level, the momentum on the negative side could be accelerated. The $3.801 high on Friday currently exists as a potential lower upper, potentially strengthening the bearish structure when sales pressure rises. […]
Gold (XAU) Price Forecast: Is $3,000 Within Reach as Inflation Pressures Mount? – FX Empire
The week starts in the middle of a seven-week rally, which becomes vulnerable to a potentially bearish closing reversal top. Last week, Xau/USD was $2882.48, up $21.23 or +0.74%. Trade war concerns continue to support the demand for gold Gold's strength this week was driven by rising trade tensions after US President Donald Trump signed […]
Gold Price Forecast: Faces Reversal as Bearish Signals Strengthen – FX Empire
A possible double top form Today's price action leaves a small double top. Neckline and breakdown levels were lows of $2,864 on Tuesday. However, its pricing area is currently the next potential support level: Another bearish evidence from today is that it is a significant inversion day that produced the second top of the possible […]
Oil News: Futures at Critical Moving Averages Amid Shifting Trade Sentiment – FX Empire
Oil prices are poised to end the three-week decline Crude oil prices are on track to snap a three-week winning streak, supported by rising fuel demand and alleviating concerns about the world trade war. Both Brent Crude and U.S. West Texas Intermediate (WTI) achieved around 1% in a week as investors responded to a more […]
Gold Price Forecast: Bullish Rebound as Buyers Defend Key Support – FX Empire
Bully Hammer Setup Today's decline has caused a breakdown below the small-leg pattern of the bearish shooting star candle on Tuesday, but today's bullish response may deny that signal. Nevertheless, the short-term price levels are relatively clear. Today's low of $2,864 is short-term support. If the downside is compromised, the trendline will not be able […]