GBP/USD Price Forecast: Tests descending channel’s upper boundary above 1.2650 – FXStreet
GBP/USD could rise as momentum could pick up. This pair tests the upper bound of the descending channel that coincides with the 9-day EMA at the 1.2691 level. The first support appears to be at the 4-week low of 1.2487. GBP/USD is flat following gains in the previous session, trading around 1.2680 in Asian time […]
Silver Price Forecast: Sitting on Key Support Zone – FX Empire
Bearish below 30.29 A breakdown will occur if the price falls below last week's low of 30.29. If this happens, it will break below the trend line and cause a decline below last week's lows. It should be emphasized that last week's candlestick pattern was a bearish shooting star. It may not have been in […]
Gold (XAU) Silver (XAG) Daily Forecast: Safe-Haven Demand Drives Gold Stability – FX Empire
Gold rises as investors focus on Fed decision Gold is recovering from recent losses and regaining momentum as investors hedge against global uncertainty. The metal's safe-haven appeal is further strengthened by geopolitical tensions, including concerns about escalating conflict and potential disruption in key regions. Nevertheless, the Fed's cautious stance on future rate cuts is limiting […]
Gold Price Forecast: XAU/USD holds steady below $2,650 ahead of US PMI data – FXStreet
Gold prices are trading flat around $2,650 in early Asian session on Monday. Huge demand from central banks and safe-haven flows could support gold prices, but President Trump's tariff plans could cap the upside. Investors are bracing for preliminary US December PMI numbers to be released on Monday. Gold prices (XAU/USD) remained flat around $2,650 […]
Gold Forecast for 2025: Target Exceeds $3000 Amid Trump, Inflation, and Geopolitical Shifts – FX Empire
The chart above shows that the gold market broke out of a strong cup and handle pattern in 2024. This breakout took place after the bullish technical formation of the past few decades. The breakout in 2024 started a significant rally. The all-important breakout level was $2,075, and above this level opened the door to […]
Gold (XAU) Price Forecast: Rally or Pullback? Fed’s Rate Cut Outlook Holds the Key – FX Empire
Chairman Jerome Powell's post-meeting remarks and updated economic forecasts will be important. If the Fed only cuts rates modestly in 2025, gold's appeal could face headwinds as the opportunity cost of holding non-yielding assets becomes higher. Conversely, with multiple rate cuts expected, any signs of dovishness could reignite bullish momentum. Featured inflation and PCE data […]
Gold (XAU) Silver (XAG) Daily Forecast: Inflation Data Drives Safe-Haven Demand – FX Empire
Silver falls despite gold's resilience Silver (XAG/USD) struggled to keep pace with gold, trading around $30.96 after hitting an intraday low of $30.87. While geopolitical tensions and expectations for Fed rate cuts supported gold, silver remained more sensitive to changes in economic sentiment and market risk appetite, which contributed to the weak performance. Rising U.S. […]
Gold Price Forecast: XAU/USD attracts some buyers to near $2,700, traders brace for Fed rate decision – FXStreet
Gold prices rebounded to around $2,690 in Friday's Asian session, up 42% on the day. Gold demand and geopolitical risks are likely to support gold prices. The Fed's cautious stance due to President Trump's tariff policy could put pressure on USD-denominated gold. Gold prices (XAU/USD) regained some ground during Friday's Asian trading hours to around […]
EUR/JPY Price Forecast: Resumes uptrend within ascending trend channel above 160.00 – FXStreet
EUR/JPY extended its gains to around 160.35 in early European trading on Thursday, gaining 0.15% on the day. The cross resumes the uptrend above the key 100-period EMA with a bullish RSI indicator. The immediate resistance level is located at 160.70. An important support level appears at the psychological level of 160.00. The euro/yen cross […]
USD/CAD Price Forecast: Bulls turn cautious ahead of US CPI report and BoC decision – FXStreet
USD/CAD has retreated from multi-year highs, but the downside appears to be limited. Rising oil prices are supporting the loonie and putting pressure on the currency pair. The technical setup supports the prospect of some bullish buying. The USD/CAD pair fell slightly in Asian trading on Wednesday, but did not continue to rise, remaining close […]