Gold Price Forecast: XAU/USD seesaws around $1,930 due to hawkish Fed Powell vs. dovish Bostic Gold XAUUSD Fed DollarIndex SupportResistance
erformance as investors have been baffled while assessing hawkish Federal Reserve chair Jerome Powell’s hawkish testimony and dovish commentary fromS&P500 futures are showing significant losses in Europe as investors are getting anxious. Caution in themarket is deepening as the quarterly result season is going to kick off sooner.
Fed Bostic cited that the central bank should not raise interest rates further or it would risk "needlessly" sapping the strength of the economy. While Chicago Fed Bank President Austan Goolsbee favored allowing current interest rates required time to show their impact on the economy.Gold price is consistently defending the horizontal support of the Descending Triangle chart pattern formed on a two-hour scale, which is placed from May 30 low at $1,932.12.
The Relative Strength Index is oscillating in the bearish range of 20.00-40.00, which indicates that the downside momentum has been triggered.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Gold Price Forecast: XAU/USD to feel comfortable at around $1,950 for the foreseeable future – CommerzbankLast week’s Fed meeting did not really weigh on the Gold price in any lasting manner. Economists at Commerzbank analyze XAU/USD outlook. Interest rate
Leer más »
Gold Price Forecast: XAU/USD tumble amidst strong USD, Fed’s Powell testimony loomsGold price tumbled sharply in the North American session as trading resumed after a holiday in the United States (US). A stronger US Dollar (USD) is t
Leer más »
Gold Price Forecast: Lasting recovery of XAU/USD likely to be postponed – CommerzbankEconomists at Commerzbank have now adjusted their Gold forecast following last week’s Fed meeting. Gold to achieve a new all-time high of around $2,10
Leer más »
Gold Price Forecast: XAU/USD closes Tuesday near monthly lowsThe yellow metal traded with losses on Tuesday’s session, heading towards the $1,935 area despite a sour market mood following the People’s Bank’s of
Leer más »
Gold Price Forecast: XAU/USD seems vulnerable below 100-day SMA, Fed’s Powell in focusGold Price Forecast: XAU/USD seems vulnerable below 100-day SMA, Fed’s Powell in focus – by hareshmenghani Gold Commodities CentralBanks Fed XAUUSD
Leer más »
Gold Price Forecast: XAU/USD remains under pressure amid rising yield – ANZGold price remained under pressure from rising US Treasury bond yields, economists at ANZ Bank report. Fall in the USD is not helping Gold Gold price
Leer más »