Gold Price Forecast: XAU/USD to rise towards $2,070 on a break past $1,987 – BofA Gold XAUUSD Banks
Gold has been oscillating within a confined range between $1,945 and $1,987. Strategists at the Bank of America analyze XAU/USD technical outlook.The price action of gold in the period from May to July is increasingly resembling a 'head and shoulders' base pattern. This pattern is typically a bullish reversal pattern that indicates a potential shift from a downtrend to an uptrend.
Should Gold drop below the $1,945 level, we see a risk that prices might descend to retest their lows or the 200-Day Simple Moving Average , which hovers around the $1,900 mark.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Gold Price Forecast: XAU/USD rebound prods $1,960 support-turned-resistance ahead of US NFPGold Price (XAU/USD) holds onto Friday’s recovery from more than a two-week low while picking up bids to $1,960 amid early hours of Asian morning on M
Les mer »
Gold Price Analysis: XAU/USD trades with modest losses above $1,955, downside seems limitedGold Price Analysis: XAU/USD trades with modest losses above $1,955, downside seems limited – by hareshmenghani Gold Commodities CentralBanks Inflation XAUUSD
Les mer »
Gold Price Forecast:: XAU/USD will continue to be under pressure – TDSGold price made a U-turn in the second half of the week and dropped toward $1,950. Economists at TD Securities analyze the yellow metal’s outlook. The
Les mer »
Gold comes under pressure ahead of US factory activities and labor market reportsGold price (XAU/USD) action is correcting on Monday after sensing resistance above $1,960.00 as the robust performance of the United States in the Apr
Les mer »
Cex price feed prevents Curve price from collapsing amid $100M vulnerabilityCurve Finance is one of the key decentralized finance (DeFi) protocols due to the key liquidity services it offers, thus the code vulnerability has put nearly $100 million worth of digital assets at risk.
Les mer »
Crude Oil Price | WTI Price Chart - Investing.comGet crude oil prices in realtime, including live charts for WTI, crude oil futures prices, historical data, news & analysis.
Les mer »