FxVince15

FxVince15 Updated 

Gold price (XAU/USD) advanced beyond the $2,000 psychological mark on Friday, hitting its highest level since May 16 and registering a third straight weekly gain. An escalation in the Israel-Hamas conflict continues to fuel safe-haven buying and acts as a tailwind for the precious metal. XAUUSD BUY : 1995 TP. : 2005 TP. :...

FxVince15 Updated 

Gold price (XAU/USD) reverses an intraday dip to the $1,990 area and climbs to a fresh daily peak during the early part of the European session. The precious metal, however, remains below the $2,000 psychological mark amid expectations that the Federal Reserve (Fed) will keep the door open for one additional rate hike in 2023 to bring inflation back to its 2%...

FxVince15 Updated 

GBP/USD reversed its direction and climbed toward 1.2150 after a bearish opening to the European session. The positive shift seen in risk mood made it difficult for the US Dollar to gather strength and helped the pair gather bullish momentum.

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The EUR/USD pair is neutral, according to technical readings in the daily chart, although the risk skews to the upside. A flat 20 Simple Moving Average (SMA) provides near-term support at around 1.0565, while the 100 and 200 SMAs converge around 1.0810. Technical indicators, in the meantime, gain upward traction around their midlines as EUR/USD accelerates north...

FxVince15 Updated 

Gold price consolidates Thursday’s two-way price action ahead of US PCE inflation on Friday. US Dollar licks wound alongside US Treasury bond yields amid improving market mood. Gold price confirmed a Bull Flag on the daily chart, with RSI still pointing to more gains. XAUUSD BUY : 1987 TP. : 1995 TP. : 2002 TP. ...

FxVince15 Updated 

The Relative Strength Index (RSI) indicator on the four-hour chart stays above 30, suggesting that GBP/USD has more room on the downside before turning technically oversold. 1.2050 (end-point of the latest downtrend) aligns as important support. A 4-hour close below that level could open the door for an extended slide toward 1.2000 (static level, psychological...

FxVince15 Updated 

Gold price (XAU/USD) gains some positive traction for the second successive day on Thursday and climbs to a fresh weekly top heading into the European session. The precious metal currently trades just below its highest level since May 16 touched last Friday and remains well supported by the global flight to safety, led by fears of a potential escalation in the...

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Bitcoin (BTC) price produced a lower low on August 28 on the weekly time frame. This move came after a sustained uptrend throughout 2023, which yielded 91.50% year-to-date returns. While some investors question the uptrend, others remain bullish. Only a small majority remains uncertain and are waiting for confirmation regardless of which side wins.

FxVince15 Updated 

EUR/USD continues to trade in its tight daily range slightly below 1.0550 on Friday. The data from the US showed that the annual Core PCE inflation declined to 3.7% in September as expected, limiting the US Dollar's gains and helping the pair limit its losses.

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Selling our fast-charging hardware is a new step for us, and one we're looking to expand," Tesla's senior director for charging infrastructure Rebecca Tinucci said in a statement. BP said the Tesla chargers will be rolled out as early as 2024 at BP brands including Travel Centers of America and Amoco, plus at third-party locations via partnerships with companies...

FxVince15 Updated 

Gold price (XAU/USD) rallied to over a three-week high, around the $1,932-1,933 area on Friday in the wake of the intensifying Israel-Hamas conflict, which forced investors to take refuge in traditional safe-haven assets. Apart from this, expectations that the Federal Reserve (Fed) is nearing the end of its rate-hiking cycle provided an additional boost to the...

FxVince15 Updated 

The Gold price hit a fresh four-week high of $1,943 early Wednesday before entering a phase of upside consolidation. Despite a minor pullback, Gold price holds firmer above the critical 20-Daily Moving Average (DMA) at $1,930, having stormed through it earlier. The 14-day Relative Strength Index (RSI) indicator is pointing higher above the midline, suggesting...

FxVince15 Updated 

Gold price (XAU/USD) advances to a near three-month top on Friday and remains well supported by the global flight to safety, bolstered by concerns over geopolitical tensions in the Middle East. Apart from this, growing acceptance that the Federal Reserve (Fed) will keep interest rates unchanged for the second straight time in November is seen as another factor...

FxVince15 Updated 

Gold price recovers after a corrective move to near $1,970.00 and is expected to recapture the five-month high near $2,000.00. The precious metal recorded significant gains for two weeks. A bull cross, represented by the 20 and 50-day Exponential Moving Averages (EMAs), warrants more upside ahead. Momentum oscillators shift into the bullish range, indicating that...

FxVince15 Updated 

Gold price recovers the recent losses on improved risk sentiment. Escalation in Middle-East conflict could drive the demand for the safe-haven asset Gold. Updates from China might contribute to a positive shift in market sentiment. Gold price treads waters near the $1,980 post-intraday gains during the Asian session on Tuesday. The price of the precious metal...

FxVince15 Updated 

Gold price (XAU/USD) gains some positive traction on Wednesday and move away from the weekly low, around the $1,954-1,953 area touched the previous day. The precious metal trades with a mild positive bias above the $1,970 level during the early European session and for now, seems to have stalled its recent retracement slide from the vicinity of the $2,000...

FxVince15 Updated 

Gold price extends upside to near $1,980.00 amid multiple tailwinds. The precious metal is on a three-day winning streak and is expected to recapture a five-month high of around $1,987.00. The ultimate resistance for the Gold price is seen at $2,000.00. The 20 and 50-day Exponential Moving Averages (EMAs) have climbed above the 200-day EMA, which indicates that...

FxVince15 Updated 

Gold price (XAU/USD) gained strong positive traction on Wednesday and shot to its highest level since early August, around the $1,962-1,963 area in the wake of the risk of an escalation in the Middle East conflict. That said, a further rise in the US Treasury bond yields, bolstered by expectations that the Federal Reserve (Fed) will keep rates higher for longer,...