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Gold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite


Gold, Crude Oil Forecast: XAU Eyes NFPs to Gauge Taper Timeline Appetite
2021-08-03 04:00:00
Thomas Westwater,
Analyst
Gold, Crude Oil, Commodities – Talking Points
Gold prices eye Friday’s US non-farm payrolls report for direction
NFP print key to Fed’s economic outlook, Jackson Hole in view
Crude oil prices trade down to support at key moving average
The price of gold is largely unchanged this week despite a lackluster US Dollar. Last week, gold prices rallied after Fed Chair Jerome Powell tempered hawkish expectations for tapering later this year. The Fed Chief cited the labor market specifically, which seemed to imply that for now, inflation data will be thrown to the wayside. That makes sense after months of driving home the transitory narrative. Now that the markets appear to have capitulated on that view, Fed commentary is more keenly focused on jobs. ....

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Gold Forecast: Gold Tests Resistance, Can Bulls Bring the Break?


Gold Forecast: Gold Tests Resistance, Can Bulls Bring the Break?
2021-07-30 20:00:00
James Stanley,
Senior Strategist
Gold Technical Forecast: Neutral
Gold prices gained this week, helped along by the Wednesday FOMC rate decision.
Gold prices are threatening a bullish breakout but, so far, buyers have been unable to test above the key level at the 50% retracement of the June sell-off.
The analysis contained in article relies on price action and chart formations. To learn more about price action or chart patterns, check out our DailyFX Education section.
June was brutal for Gold, with the yellow metal losing as much as -8.7% in what turned out to be the worst month since November of 2016. And if we align drivers, what showed in June wasn’t necessarily all that different from what was doing the pushing five years ago, as jitters around potential FOMC moves had investors trying to see around that next corner. ....

James Stanley , Gold Technical Forecast , Central Banks Impact Markets , Technical Forecast , Next Week , Senior Strategist , ஜேம்ஸ் ஸ்டான்லி , தொழில்நுட்ப முன்னறிவிப்பு , அடுத்தது வாரம் , மூத்தவர் மூலோபாயவாதி ,