Oil and Gold: Price review for the week ahead
Gold is rather quiet on Monday morning with traders looking to determine whether or not there is going to be follow-through on the bullish momentum.
Gold: CTA selling limits upside below $4,400 - TD Securities
Following a steep risk-on rally across US equity indices and precious metals, several major markets are approaching critical technical levels as momentum becomes increasingly stretched:
XAUUSD faces a pivotal week as the 52-week moving average and CPI data decide whether gold price momentum accelerates or fades.
Gold holds firm as Fed rate outlook, Middle East developments remain in focus
Gold: Central bank demand underpins rally – ING
Gold Price Forecast: XAU/USD remains bullish, pushing against $4,380 resistance
Weak jobs data sparks stock rally – Gold surges as rate-hike odds fall, Oil rises on Iran demands
Weekly forex forecast: EUR/USD, XAU/USD, GBP/USD, USD/JPY, Bitcoin and more [Video]
Gold managed to meet the target of 4330 and closed from the second target and resistance of 4382. As we see over the chart, a chance for a trading zone between Intraday support 4300 and resistance 4382 could hold prices.
Weak U.S. jobs data reduces Fed tightening expectations as gold targets $4,368 and silver eyes $65.21 ahead of CPI and PPI inflation reports.