![]() Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. It also does not guarantee that this information is of a timely nature. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. You should do your own thorough research before making any investment decisions. 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. Information on these pages contains forward-looking statements that involve risks and uncertainties. Meanwhile, the Relative Strength Index (RSI) (14) is oscillating in the 40.00-60.00 range, which indicates that investors are awaiting a fresh trigger for further action. The 20-period Exponential Moving Average (EMA) at $1,965.00 overlaps with the asset price, indicating a rangebound performance ahead. Any side break of the Symmetrical Triangle, a volatility contraction pattern, will result in wider ticks and heavy volume. The upward-sloping trendline of the chart pattern is plotted from March 22 low at $1,934.34 while the downward-sloping trendline is placed from March 20 high at $2,009.88. Gold price is auctioning in a Symmetrical Triangle chart pattern on a two-hour scale. The demand for US government bonds remained choppy as fears of a banking crisis are ebbing, which left 10-year US Treasury yields steady at around 3.56%. The US Dollar Index (DXY) has shown some gradual correction to near 102.70 after a solid recovery on hopes that ebbing global banking jitters would allow the Fed to continue its policy-tightening spell. He assured investors that the failure of a couple of lenders is unable to lead to a widespread contagion. The commentary from Federal Reserve (Fed) Vice Chair for Supervision Michael Barr told Senate Banking Committee that the United States banking system is ‘sound and resilient’. S&P500 recorded a stellar rally on Wednesday as fears of a global banking crisis receded, portraying a firmer risk appetite of the market participants. The annual figure is expected to remain steady at 4.7%. As per the consensus, monthly core PCE would accelerate by 0.4%, lower than the former expansion of 0.6%. The asset is unable to find a decisive move as investors are awaiting the release of the United States the core Personal Consumption Expenditure (PCE) Price Index (Feb) data will be of significant importance. The precious metal is defending the $1,960.00 support despite easing global banking jitters, which has trimmed the appeal for Gold as a safe-haven asset. Gold price (XAU/USD) is displaying topsy-turvy moves in a $12 range above 1,960.00 in the early Asian session. Fed Barr assured investors that the failure of a couple of lenders is unable to lead to a widespread contagion.S&P500 recorded a stellar rally on Wednesday as fears of a global banking crisis receded, portraying a risk-on mood.Gold price is oscillating above $1,960.00 ahead of US PCE Price Index for fresh impetus.
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