Let's look at the four-hour chart. The Tenkan-sen line is below the Kijun-sen, the lines are horizontal. The Chikou Span confirmation line is below the price chart, the current cloud is bullish. The instrument trades under the Tenkan-sen and Kijun-sen lines; the bearish trend is still strong. One of the previous lows of the Chikou Span line is expected to be the support level (26200.00). The nearest resistance level is the top of th...
September 16, 2022, 7:00 p.m•The pullback in the US dollar pushes gold towards $1680.•Reversal offers hope for XAU/USD bulls.•The dollar still remains firm ahead of the FOMC meeting.After a report from the University of Michigan showed a drop in inflation expectations, the dollar and US yields retreated, sparking a rebound in gold, which recovered from multi-month lows towards $1,680.XAU/USD broke above $1670 and climbed as high as $1680, s...
Market Summary•Dow up 1.19%, S&P 500 up 1.53%, Nasdaq up 2.11%•Next week, focus on US inflation data•Feds Waller: needs aggressive rate hikes now while the economy can handle it•Putin threatens to cut off all energy supplies• Oil benchmarks head for second weekly decline• August employment change in Canada -39.7 thousand, forecast 15.0 thousand, -30.6 thousand previous•August Canadian unemployment rate 5.4%, forecast 5.0%, previ...
