Moon-ForexAcademy

Moon-ForexAcademy Updated 

XAU / USD trend forecast December 20, 2024 Gold prices (XAU/USD) hold steady during the first half of the European session on Friday, supported by the prevailing risk-averse sentiment. Heightened geopolitical tensions and ongoing trade war fears, combined with the looming threat of a potential US government shutdown, prompt investors to seek refuge in the...

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XAU / USD trend forecast December 19, 2024 The price of gold (XAU/USD) pares some of its intraday recovery gains, maintaining a position just above the $2,600 level, while still posting a rise of over 0.40% for the day as the European session approaches on Thursday. The Federal Reserve's (Fed) hawkish stance presented on Wednesday supports a continued increase...

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XAU / USD trend forecast December 18, 2024 Gold prices fell to a fresh weekly low of $2,633 on Tuesday after robust US Retail Sales data dampened market sentiment. The stronger data tempered expectations that the Federal Reserve (Fed) might take an aggressive stance in easing monetary policy in 2025. At the time of writing, XAU/USD is trading at $2,637,...

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GBP / USD trend forecast December 18, 2024 The Pound Sterling (GBP) experienced volatility against its major counterparts on Wednesday following the release of the UK Consumer Price Index (CPI) data for November. The report revealed that inflationary pressures aligned with forecasts, with annual headline inflation increasing to 2.6% year-on-year (YoY), up from...

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XAU / USD trend forecast December 18, 2024 Gold price (XAU/USD) finds it challenging to build on Tuesday's rebound from a more than one-week low, fluctuating between slight gains and minor losses as the European session approaches on Wednesday. Market participants appear cautious, holding off on making significant moves ahead of the critical FOMC policy...

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AUD / USD trend forecast December 18, 2024 The Australian Dollar (AUD) continues to decline against the US Dollar (USD) for the second consecutive session on Wednesday, as markets prepare for a potential 25 basis point rate cut by the US Federal Reserve (Fed) during the upcoming North American session. Adding to the pressure on the AUD, traders are...

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XAU / USD trend forecast December 17, 2024 The Gold price (XAU/USD) fluctuates between slight gains and minor losses during the early European session on Tuesday, staying near the one-week low reached on Monday. Market participants appear hesitant, preferring to wait for clearer signals regarding the Federal Reserve's (Fed) future rate-cut trajectory before...

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USD / CAD trend forecast December 17, 2024 The USD/CAD pair declines to around 1.4235, breaking a three-day winning streak during the Asian session on Tuesday. Investors now look ahead to Canada’s November Consumer Price Index (CPI) inflation data, set for release later in the day. Simultaneously, the US Dollar Index (DXY), which measures the USD’s value...

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XAU / USD trend forecast December 17, 2024 Gold prices see a modest uptick during the early North American session at the start of the week, rising 0.28% as market participants anticipate the Federal Open Market Committee's (FOMC) upcoming decision. Currently, XAU/USD is trading at $2,643, slightly higher than its opening levels but below the day’s peak. The...

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XAU / USD trend forecast December 16, 2024 Gold price (XAU/USD) remains steady near $2,650 during Monday’s early Asian trading hours. Strong central bank purchases and persistent geopolitical tensions in the Middle East are expected to provide support to the yellow metal in the short term. Traders now turn their attention to the US December Purchasing Managers...

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XAU / USD trend forecast December 16, 2024 A slight decline in US Treasury bond yields keeps the US Dollar (USD) under pressure. Additionally, uncertainty surrounding US President-elect Donald Trump's policies and ongoing geopolitical tensions act as a support for Gold prices, preventing significant losses. Investors may also hold back from making decisive...

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XAU / USD trend forecast December 13, 2024 The Gold price (XAU/USD) regains some momentum, trading near $2,690 during Friday’s Asian session, after pulling back from a five-week high the day before. Market participants are now focusing on the upcoming US Federal Reserve (Fed) interest rate decision next week. Support for gold may stem from central bank...

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XAU / USD trend forecast December 13, 2024 The US Bureau of Labor Statistics announced on Thursday that the headline Producer Price Index (PPI) increased by 0.4% in November, with the annual rate climbing from 2.6% in October to 3% during the same period. Meanwhile, the core PPI rose by 0.2% in November on a monthly basis and stood at 3.4% year-over-year,...

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USD / JPY trend forecast December 13, 2024 The Japanese Yen (JPY) trims a part of intraday losses against its American counterpart and recovers slightly from over a two-week low touched earlier this Friday. A slight deterioration in the global risk sentiment, along with geopolitical tensions and trade war fears, drives some haven flows and benefits the JPY....

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XAU / USD trend forecast December 12, 2024 Gold prices prolonged their uptrend on Wednesday following the release of inflation figures in the United States (US). Expectations that the Federal Reserve (Fed) would cut interest rates next week were reaffirmed as the disinflation process evolves, yet at a slower pace. The XAU/USD trades at $2,711, posting gains of...

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XAU / USD trend forecast December 11, 2024 Gold advanced during the North American session on Tuesday, with buyers setting their sights on the $2,700 level for the first time since November 25. The anticipation of a Federal Reserve (Fed) rate cut at the December meeting has been a key factor behind the yellow metal’s upward movement. At the time of writing,...

Moon-ForexAcademy Updated 

XAU / USD trend forecast December 11, 2024 The Gold price (XAU/USD) appears to have settled after experiencing notable intraday fluctuations, currently hovering near the $2,690 mark, slightly below the two-week high reached earlier on Wednesday. Anticipations that the Federal Reserve (Fed) will take a cautious approach to rate cuts continue to drive US...

Moon-ForexAcademy Updated 

XAU / USD trend forecast December 10, 2024 Gold price (XAU/USD) edges higher during the early European session on Monday, supported by its safe-haven appeal amid rising uncertainty in the Middle East following the collapse of Bashar al-Assad's regime in Syria. Additionally, the People's Bank of China (PBoC) revealed over the weekend that it resumed gold...