TECHNICAL ANALYSIS OF GOLD 16TH SEPTEMBER 2022

September 16, 2022 Uncategorized by Sylvie Wilson

The US dollar and yields are rising on expectations of a large Fed rate hike. Gold’s path of least resistance appears to be down, with eyes on $1,758 and $1,751. The Technical Confluence Detector shows that the gold price is looking for a sustained move below the previous day’s low of $1,660. Selling pressure will
Read More

TECHNICAL ANALYSIS ON GOLD 15TH SEPTEMBER 2022

September 15, 2022 Uncategorized by Sylvie Wilson

The low this year near $1,680 and the 61.8% Fibonacci Expansion of the gold’s moves between mid-August and September, around $1,660, will attract the gold bear’s attention. It should be noted that the gold weakness past $1,660 may be challenged by the likely oversold RSI around that time. If not, then the metal’s slump towards the
Read More

TECHNICAL VIEW ON EURUSD 14 SEPTEMBER 2022

September 14, 2022 Uncategorized by Sylvie Wilson

The EUR/USD pair has traded around 0.9960 in the Asian session after falling from a high of around 1.0180. The asset witnessed an intense sell-off after surrendering the critical support of 1.0100 after the release of surprisingly higher-than-expected US inflation data. In the Asian session, the bulls have attempted a rebound but seem short-lived and
Read More

TECHNICAL VIEW ON GOLD 13 SEPTEMBER 2022

September 13, 2022 Uncategorized by Sylvie Wilson

Gold started the week on a firm footing on Monday and hit the highest level in nine days at $1,735.17, having crossed the $1,730-$1,734 supply zone. Following the confirmation of a falling channel breakout on Friday, the gold price extended its gains until it hit the bearish 21-Daily Moving Average at $1,735 the day before.
Read More

TECHNICAL VIEW ON GOLD 12 SEPTEMBER 2022 MONDAY

September 12, 2022 Uncategorized by Sylvie Wilson

The US Bureau of Labor Statistics will release the Consumer Price Index (CPI) data for August on Tuesday. FOMC policymakers refrained from confirming a 75 bps rate hike in September, and a soft inflation report could cause the probability of a 50 bps rate increase to rise. In that scenario, US T-bond yields are likely
Read More

TECHNICAL VIEW ON INDICES 12 SEPTEMBER 2022 MONDAY

September 12, 2022 Uncategorized by Sylvie Wilson

Ahead in the week, investors will be closely monitoring August’s consumer price index print, with annual inflation expected to slow to 8.1% from 8.5%, while inflation may fall by 0.1% for the first time since May 2020. Initial resistance at the February lows of 32272 is backed by the 61.8% retracement of the August decline
Read More

TECHNICAL VIEW ON INDICES 09 SEPTEMBER 2022 FRIDAY

September 9, 2022 Uncategorized by Sylvie Wilson

After major benchmark indices extended gains for the second straight session as investors processed Fed Chair Powell’s most recent comments on inflation, U.S. stock futures were barely changed during Thursday’s evening trades. Trading range of US30 for the day is 31750-31900. Key intraday support is placed around the range of 31650-31700. If it breaks this
Read More

XAUUSD (GOLD) ANALYSIS 09 SEPTEMBER 2022 FRIDAY

September 9, 2022 Uncategorized by Sylvie Wilson

On Friday, as investors digested additional aggressive remarks from the Federal Reserve, gold prices drifted above weekly lows. Trading range of gold for the day is 1709-1722. Key intraday support is placed around the range of 1714-1715. If it breaks then next support is around 1706. The range of 1697-1700 will act as a key
Read More

TECHNICAL VIEW ON INDICES 08 SEPTEMBER 2022 THURSDAY

September 8, 2022 Uncategorized by Sylvie Wilson

After major benchmark averages mounted a comeback rally during regular trading hours and ended seven sessions of consecutive drop, U.S. stock futures showed minimal movement during Wednesday’s evening dealings. Trading range of US30 for the day is around 31550-31680. Immediate support for the day is around 31500. If it breaks this level, then next support
Read More

XAUUSD (GOLD) ANALYSIS 08 SEPTEMBER 2022 THURSDAY

September 8, 2022 Uncategorized by Sylvie Wilson

On Thursday, gold prices held steady over $1,700 as a break in the recent dollar gain reduced some of the pressure on bullion prices and as attention shifted to an impending meeting of the European Central Bank for additional indications. Trading range of gold for the day is from 1713-1719. Immediate support for the day
Read More