Moon-ForexAcademy

Moon-ForexAcademy Updated 

XAU / USD trend forecast November 28, 2024 Gold prices rebounded on Wednesday after hitting a weekly low of $2,605, supported by a weaker US Dollar in response to newly released US economic data. This, coupled with declining US Treasury bond yields, aided the recovery, pushing XAU/USD to $2,636, up by 0.13%. Market sentiment turned slightly cautious as US...

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GBPUSD trend forecast November 28, 2024 The GBP/USD pair remains under pressure as the US Dollar (USD) strengthens following the latest US inflation data, which showed robust consumer spending growth for October. However, the report also signaled limited progress in reducing inflation, keeping the Federal Reserve cautious. During Thursday's Asian trading...

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XAU / USD trend forecast November 27, 2024 ! SCALPING Gold prices (XAU/USD) extend their recovery from the $2,600 region—a one-week low—gaining further positive momentum for the second consecutive day on Wednesday. Ongoing geopolitical risks linked to the prolonged Russia-Ukraine conflict, combined with US President-elect Donald Trump's tariff proposals,...

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USDJPY trend forecast November 27, 2024 The Japanese Yen (JPY) continues to attract strong buying interest on Wednesday, pushing the USD/JPY pair below the 152.00 level to hit a three-week low during the early European session. Safe-haven demand for the JPY is bolstered by geopolitical risks tied to the prolonged Russia-Ukraine conflict and concerns over US...

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XAU / USD trend forecast November 27, 2024 Gold prices remain steady at approximately $2,625 for the second consecutive day, despite US President Donald Trump threatening tariffs on three major trading partners through a social media post. Typically, geopolitical uncertainties would support a rise in gold prices, but easing tensions in the Middle East have...

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XAU / USD trend forecast November 26, 2024! SCALPING Gold prices (XAU/USD) continue to trade with a bearish tone for the second consecutive day, hovering just above a one-week low during the early European session on Tuesday. Increasing confidence that US President-elect Donald Trump's expansionary policies will drive up inflation and reduce the likelihood...

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XAU / USD trend forecast November 26, 2024 Gold prices (XAU/USD) plunged during Monday’s North American session following reports of a ceasefire agreement between Lebanon and Israel, which bolstered demand for riskier assets. Coupled with the announcement of Scott Bessent as the Treasury Secretary in Trump’s administration, this added further pressure on the...

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XAU / USD trend forecast November 25, 2024 ! SCALPING Gold prices (XAU/USD) remain under significant selling pressure during the early European session on Monday, though they manage to stay above the $2,650 mark and hold support at the 100-period Simple Moving Average (SMA) on the 4-hour chart. The nomination of Scott Bessent as US Treasury Secretary has...

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XAU / USD trend forecast November 25, 2024 Gold prices (XAU/USD) surge to approximately $2,720 during the early Asian session on Monday, supported by a weakening US Dollar (USD). The USD's sell-off lends support to the USD-denominated Gold price, while escalating geopolitical tensions further bolster demand for safe-haven assets like the yellow...

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XAU / USD trend forecast November 22, 2024 Escalating Russia-Ukraine tensions continue to fuel safe-haven demand, propelling Gold prices higher for the fifth consecutive day on Friday, even amid a strong US Dollar. In response to Ukraine's deployment of US- and UK-supplied missiles in strikes on Russian territory, Russian forces launched a new...

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XAU / USD trend forecast November 21, 2024 ! SCALPING Anticipations that US President-elect Donald Trump's proposed tariffs could drive inflation higher and reduce the Federal Reserve's (Fed) ability to lower interest rates continue to support elevated US Treasury yields. Combined with a generally upbeat risk sentiment, this could deter traders from making...

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XAU / USD trend forecast November 21, 2024 Gold prices (XAU/USD) hold onto their upward momentum as the European session approaches, currently hovering near the $2,660 mark, a one-and-a-half-week high reached earlier this Thursday. This marks the fourth consecutive day of gains, driven by heightened geopolitical risks arising from the escalating Russia-Ukraine...

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XAU / USD trend forecast November 20, 2024 Gold prices (XAU/USD) continue their intraday retreat from the $2,642 level, a one-and-a-half-week high reached earlier on Wednesday, dropping to a new daily low during the early European session. The US Dollar (USD) gains support from dip-buying, fueled by a notable rise in US Treasury yields amid expectations of a...

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XAU / USD trend forecast November 19, 2024 Gold prices (XAU/USD) drew safe-haven demand on Monday, rebounding after last week's sharpest weekly decline in over three years and breaking a six-day losing streak amid escalating geopolitical tensions. Additionally, a pullback in US Treasury yields led to profit-taking on the US Dollar (USD) following its...

Moon-ForexAcademy Updated 

XAU / USD trend forecast November 18, 2024 ! SCALPING Market expectations that US President-elect Donald Trump's expansionary policies could drive inflation higher and reduce the likelihood of further interest rate cuts by the Federal Reserve have kept US Treasury yields elevated. This has limited the upward momentum for Gold prices. However, persistent...

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XAU / USD trend forecast November 18, 2024 Traders reduced their expectations for rate cuts in December after Fed Chair Jerome Powell stated that the US central bank was in no hurry to lower rates, citing the "remarkably strong" performance of the economy. Elevated interest rates tend to weigh on Gold prices, as they make non-yielding assets like gold less...

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XAU / USD trend forecast November 18, 2024! SCALPING Gold prices saw their steepest weekly drop since September 2023, falling to a two-month low last week as the US Dollar surged to its highest level in over a year. Over the weekend, geopolitical events spurred safe-haven demand, helping the precious metal regain strong upward momentum during the Asian...

Moon-ForexAcademy Updated 

USDJPY trend forecast November 14, 2024 The Japanese Yen (JPY) remains under selling pressure during the Asian session on Thursday, helping USD/JPY reach the 156.00 level for the first time since July 23, supported by a strong US Dollar (USD). Market sentiment suggests Japan’s political climate may hinder the Bank of Japan (BoJ) from further tightening its...