Gold Price at Crossroads. Forecast as of 19.11.2024

2024.11.19 2024.11.19 Gold Price at Crossroads. Forecast as of 19.11.2024 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ Investors are not concerned about default risk. The strong US dollar is reducing the appeal of gold as an investment, and central banks have ceased purchasing the precious metal. Meanwhile, it is uncertain whether Donald Trump will cease military action in Ukraine. These factors are causing significant…

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Stocks accelerate losses as risk aversion grips markets

S&P 500 futures The broader market mood is quickly shifting now in European morning trade as there is a whiff of risk-off sentiment in the air. Equities are selling off while bonds are being bid as yields stumble lower. 10-year Treasury yields are now down 6 bps to 4.35% with 10-year German bund yields down 8 bps to 2.28%,…

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Gold consolidates intraday gains to one-week high amid mixed cues

Gold price scales higher for the second straight day as geopolitical risks drive some haven flows. Bets for less aggressive Fed rate cuts underpin the USD and cap gains for the precious metal. Geopolitical risks offer support to the safe-haven XAU/USD and warrant caution for bears. Gold price (XAU/USD) trims a part of its modest intraday gains to a…

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Technical analysis for USCrude, XAUUSD, and EURUSD today (19 November 2024)

2024.11.19 2024.11.19 Short-term Analysis for Oil, Gold, and EURUSD for 19.11.2024 Alex Rodiоnovhttps://www.litefinance.org/blog/authors/alex-rodionov/ I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Gold has reached the resistance (B) within…

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Chart Art: Area of Interest Holding on EUR/CAD?

Missed the range breakdown on EUR/CAD? The pair seems to be in the middle of a correction to the area of interest, but will it keep holding? Take a look at these inflection points I’m watching on the 4-hour time frame: EUR/CAD 4-hour Forex Chart by TradingView European markets had a mostly bearish reaction to the U.S. elections earlier…

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Goldman Sachs sees S&P 500 hitting 6,500 by the end of next year

Goldman Sachs says that they see the ‘Magnificent 7’ carrying the benchmark index mostly, with the bunch set to outperform as compared to the other index constituents. That being said, they do expect the ‘Magnificent 7’ to only outperform by about 7% – the slimmest margin in seven years. Adding to upside risks, the firm sees a “friendlier mix”…

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EUR/USD hovers around 1.0600 with a positive bias as US Dollar faces profit-taking selling

EUR/USD maintains its position as the US Dollar continues its downward correction. The US Dollar’s downside appears restrained due to dampened odds of an imminent Fed rate cut. ECB President Lagarde stated that Europe should pool its resources in areas such as defense and climate. EUR/USD remains steady with a positive bias, hovering around 1.0600 during Tuesday’s Asian trading…

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