There are several factors influencing gold’s price that appear to be pulling in the same direction ahead of Q1 of 2024. These help to form the trading thesis and are outlined in the rest of this article along with technical considerations.
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Friday, 29 December 2023
Australian Dollar Technical Forecast: AUD/USD Enters Q1 at Key Resistance
This article presents an in-depth analysis of the Australian dollar’s outlook for the first quarter, providing valuable insights into price action dynamics and market sentiment.
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Q1 Top Trade: Bullish Russell 2000 as Soft-Landing Scenario Gets Traction
This article analyzes the technical and fundamental outlook for the Russell 2000 for the first quarter of 2024, examining the main variables that could determine its medium-term prospects.
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FTSE 100, DAX 40 on Track for Another Day of Gains on Last Trading Day of Year
Outlook on FTSE 100 and DAX 40 as the year 2023 draws to a close.
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GBP/USD Price Forecast: Fading Bullish Momentum for Pound
GBP prices are approaching key resistance while showing technical signals that could point to impending downside to come, while UK housing prices advance since November.
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Thursday, 28 December 2023
The Collapse of Central Bank Forward Guidance
2023 was a year that lessened the stature of central bank forward guidance. Forward guidance is a tool used by central banks to communicate monetary policy projections.
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Mastering Risk Aversion: A Day Trader’s Top Lesson Learned
Another year and another lesson learned. As a day trader navigating the fast-paced and volatile world of financial markets, one crucial lesson stands out above the rest in 2023: mastering risk aversion.
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S&P 500 Within Whisker of January 2022 Record High While Nasdaq 100 Ploughs On
Outlook on S&P 500 and Nasdaq 100 as trading becomes lighter towards year-end.
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AUD/USD Price Forecast: Aussie Dollar Eyes US Jobless Claims
AUD prices continue their ascent as US economic data comes into focus later today.
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Wednesday, 27 December 2023
EUR/USD Breaks Out as GBP/USD Surges Toward Resistance, Gold Eyes Record
This article examines the technical outlook for gold (XAU/USD), EUR/USD and GBP/USD, identifying key price thresholds expected to be influential as 2023 draws to a close.
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US Dollar on Cusp of Breaking Down, Key Levels to Watch in Final Days of 2023
This article offers an analysis of the U.S. dollar's technical and fundamental outlook, examining essential price thresholds that could act as support or resistance in the coming trading sessions
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FTSE 100 and DAX 40 Resume Ascent in Line With US and Asian Stock Indices
Outlook on FTSE 100 and DAX 40 during the final week of 2023.
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Tuesday, 26 December 2023
USD/JPY Price Forecast: Guarded BoJ Leaves Yen on Offer
JPY prices were weighed down this Wednesday morning after the BoJ’s Summary of Opinions reflected a hesitant central bank with regards to monetary policy changes.
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Gold Prices Defy Key Resistance Area, USD/JPY Stuck Below 200-Day SMA for Now
This article explores the technical profile for gold and USD/JPY, focusing on important price thresholds that could be relevant heading into the final trading sessions of 2023.
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US Dollar in Risky Waters, Technical Setups on EUR/USD, GBP/USD, Gold
This article examines the technical outlook for EUR/USD, GBP/USD, and gold, analyzing important price levels that could act as support or resistance in the last week of 2023.
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Monday, 25 December 2023
Top Lesson of 2023 - Discipline is Paramount in Rapidly Changing Markets
Trading in forex or other financial assets necessitates a steadfast commitment to a carefully devised plan and effective risk management.
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Sunday, 24 December 2023
Market Week Ahead: Gold Pops, US Dollar Drops, GBP/USD and EUR/USD Rally
The US dollar is trading at a fresh five-month low after data on Friday showed inflation slowing further. Ahead a holiday-shortened week and a quiet economic calendar.
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US Dollar on Thin Ice, Setups on EUR/USD, USD/JPY, GBP/USD for Final Days of 2023
This article zooms in on the technical outlook for EUR/USD, USD/JPY, and GBP/USD, analyzing essential price thresholds to monitor in the final trading sessions of 2023
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Saturday, 23 December 2023
Gold Weekly Forecast: XAU/USD Propelled by Softer US Inflation Outlook
Gold prices extend their upside rally ahead of the last trading week of 2023 which isn’t expected to provide too much in terms of volatility. XAU/USD looks to hold above $2050.
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Friday, 22 December 2023
FTSE 100 Slips as UK on the Brink of Recession while DAX 40 Flatlines
Outlook on FTSE 100 and DAX 40 ahead of Christmas holiday.
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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference
The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...
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The Nikkei 225 has bounced at important long-term support and staged a modest turnaround. However, its down-channel endures and will need to...
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AUD prices remain hesitant ahead of the FOMC announcement later today. US PPI will also contribute to recent economic data. from DailyFX -...