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Source: Forexcom News Agency
1 month ago
Forex Medium Importance
Gold Price Short-term Outlook: XAU/USD Breakout Faces a Defining Test

Gold Price Short-term Outlook: XAU/USD Breakout Faces a Defining Test

Gold enters the final trading day of the week with momentum firmly shifted in favor of the bulls after breaking decisively above a multi-month consolidation pattern. The breakout marks the strongest technical development since the March decline began, but the rally has now reached the first major resistance zone where buyers must prove they can sustain the advance.

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XAUUSD XAU/USD
Source: Forexcom
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Source: InvestingCube News Agency
1 month ago
Forex Medium Importance
US Dollar Price Forecast Ahead of Nonfarm Payrolls as EUR/USD and GBP/USD Test Key Resistance

US Dollar Price Forecast Ahead of Nonfarm Payrolls as EUR/USD and GBP/USD Test Key Resistance

US Dollar awaits Nonfarm Payrolls as markets reassess Fed outlook The US Dollar remained in focus on Thursday as traders positioned ahead of the July Nonfarm Payrolls report, widely regarded as the week's most important economic release. Following a string of softer US economic indicators, investors have reduced expectations for another Federal Reserve rate increase, leaving Friday's labour market data as the next major test for the greenback.

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EURUSD EUR/USD
Source: InvestingCube
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