Gold Prices Dip but Remain Supported by Fed Rate Cut Expectations

Hawkish comments from the Federal Reserve members continued to make the headlines in the US, yesterday, with Susan Collins, Thomas Barkin and a new Fed Governor Adriana Kugler, all saying the same exact thing: that there is no hurry for the US to cut the interest rates when the economic data points at such a […]

Gold’s pace moderates within triangle prior to Thursday’s CPI inflation data Technical signals favor the bears, but the trend may remain positive Gold held within the range of 2,624-2,670 despite the upbeat US jobs data last Friday, forming a symmetrical neutral triangle at the top of its broad uptrend. Falling technical indicators suggest that buying sentiment is […]

GBPCAD reversed from strong resistance level 1.7850 Likely to fall to support level 1.7700 GBPCAD currency pair today reversed down from the strong resistance level 1.7850, which stopped the previous impulse waves (i) and i in July and August respectively. The resistance level 1.7850 was further strengthened by the upper daily Bollinger Band. Given the […]