FxVince15

FxVince15 Updated 

Gold price extends its slump sub-$1,920 in European trading hours. Renewed US Dollar buying interest amid looming recession risks drag Gold price lower. The downside seems limited ahead of the US CPI data on Wednesday. GOLD BUY : 1908 TP. : 1915 TP. : 1920 TP. : 1930 SL. : 1895

FxVince15 Updated 

Gold price is clinging to the 50-Daily Moving Average (DMA) at $1,931, having managed to close above the latter on Tuesday, despite a modest pullback. The 14-day Relative Strength Index (RSI) indicator is keeping its range above the 50 level, favoring Gold buyers. Gold Buy : 1931 TP. : 1938 TP. : 1943 TP. : 1950 SL. : 1917-10

FxVince15 Updated 

Gold price is challenging the critical support-turned-resistance at $1,925, which is the meeting point of the 21- and 200-Daily Moving Averages (DMA). A firm break above the latter is needed to unleash additional recovery toward the 50 DMA at $1,930. Further upside will hinge on acceptance above the 50 DMA, with eyes on the $1,950 barrier next.

FxVince15 Updated 

Gold price is challenging the critical support-turned-resistance at $1,925, which is the meeting point of the 21- and 200-Daily Moving Averages (DMA). A firm break above the latter is needed to unleash additional recovery toward the 50 DMA at $1,930. Further upside will hinge on acceptance above the 50 DMA, with eyes on the $1,950 barrier next. Xauusd Buy...

FxVince15 Updated 

Gold price retreats from a one-week high touched this Monday, albeit lacks follow-through. The cautious market mood underpins the safe-haven XAU/USD amid a modest USD downtick. GOLD BUY FROM : 1927 TP. : 1935 TP. : 1940 TP. : 1950 SL. : 1912-1910

FxVince15 Updated 

GBP/USD reversed its direction and dropped below 1.2400 after spending the early European session above that level. The negative shift seen in risk sentiment, as reflected by falling US stocks, provide a boost to the USD and weighs on the pair ahead of the key central bank events.

FxVince15 Updated 

Gold price (XAU/USD) continues to attract bids ahead of the Federal Reserve (Fed) interest rate decision, which will be announced on Wednesday. The yellow metal extended its three-day winning spell on Tuesday as the Fed is expected to maintain the status quo on the grounds of falling inflation and an upbeat economic outlook. GOLD BUY TARGET FROM : 1934 TP. ...

FxVince15 Updated 

EUR/USD is finding fresh buyers, heading back toward 1.0700 in the European session on Monday. The pair is cheering a better market mood, upbeat ECB commentary and a broad US Dollar pullback. German Bundesbank's monthly report eyed.

FxVince15 Updated 

Gold price hovers near a three-week low, marginally above the crucial support of $1,900. The precious metal struggles to discover bids as the inflation report for August indicates upside risks to headline inflation due to rising gasoline prices. The yellow metal fails to sustain above the 200-day Exponential Moving Average (EMA), which trades at around $1,910.00....

FxVince15 Updated 

Gold price (XAU/USD) recovers strongly as investors see no more interest rate increases from the Federal Reserve (Fed) for the remainder of 2023. The Fed seems to be done with its historically aggressive interest rate hiking cycle in the absence of economic indicators that support further upside risks to inflation. The recovery move in the precious metal is also...

FxVince15 Updated 

Gold price (XAU/USD) recovers strongly as investors see no more interest rate increases from the Federal Reserve (Fed) for the remainder of 2023. The Fed seems to be done with its historically aggressive interest rate hiking cycle in the absence of economic indicators that support further upside risks to inflation. The recovery move in the precious metal is also...

FxVince15

GBPJPY is trading higher today as the market is preparing for next week’s key events. The bears are trying to stage a pullback, but such a move could only gather pace if the momentum indicators decide to send strong bearish signals. GBPJPY SELL : 183.788 TP. : 181.211 SL. : 185.110

FxVince15 Updated 

EUR/USD hovers near 1.0750 after experiencing fluctuations in response to the release of US consumer inflation data, which largely aligned with expectations. The US Dollar is exhibiting mixed results. Attention now shifts to the ECB meeting. EURUSD BUY : 1.07384 TP. : 1.07730 TP. : 1.08000 TP. : 1.08213 SL. ...

FxVince15 Updated 

Gold price trades back and forth above the round-level support of $1,900.00 as investors remain sidelined ahead of the inflation data. The precious metal auctions inside the previous day’s range, demonstrate a sheer contraction in volatility. The yellow metal continues to find support from the 200-day Exponential Moving Average (EMA), which trades around...

FxVince15 Updated 

Gold price lost its traction and declined toward $1,920 in the American trading hours on Friday. The benchmark 10-year US Treasury bond yield recovered toward 4.25% after spending the first half of the day in negative territory, causing XAU/USD to stretch lower. GOLD BUY 1918 TP 1925 TP 1935 TP 1945 SL 1905

FxVince15 Updated 

EUR/USD remains under pressure below 1.0750 in the European session on Tuesday. The pair is undermined by a broad US Dollar rebound and a cautious market mood. Euro traders ignore mixed Eurozone and German ZEW surveys. EURUSD BUY : 1.07144 TP. : 1.07440 TP. : 1.07740 TP. : 1.08000 SL. : 1.06600

FxVince15 Updated 

The US Dollar weakened following the release of US inflation data that mainly met expectations. GBP/USD dropped to fresh three-month lows at 1.2433 and then rebounded rising toward 1.2500. GBPUSD BUY : 1.24941 TP. : 1.25200 TP. : 1.25700 TP. : 1.26547

FxVince15 Updated 

If GBP/USD manages to stabilize above 1.2500, sellers could start taking profits off the table ahead of the weekend and open the door for an extended correction toward 1.2530 (mid-point of the descending regression channel) and 1.2550 (static level). On the downside, 1.2465 (lower limit of the descending channel) aligns as immediate support before 1.2445...