-11122024742.png)
-11122024742.png)
Gold is on the upswing
Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: Gold is on the upswing
FxPro
|
304天前
Gold is on the upswing
Gold has hit record highs, moving into territory above 2800. Strong buying following the November-December correction suggests the end of the correction phase and the beginning of a new growth cycle.
A breakout to new highs activates a Fibonacci expansion pattern. The fundamental upside momentum in gold started in October 2023 and formed a peak at the end of October 2024. This was followed by a correction to 76.4% of the initial rally, which is typical of strong bull markets. The formal technical target now looks to be the $3,400 per troy ounce area. This is more than 20% above current levels but is achievable in the two- to four-quarter timeframe.
By the FxPro Analyst Team
read more
DNA Markets - Daily Fundamental Analysis Report, 2 December
Here is your Daily Fundamental Analysis Report for the FX market, covering the key topics influencing currency movements today. This summary highlights the major economic drivers, current market sentiment, and important developments that may impact volatility and direction across major pairs.
DNA Markets
|
15分鐘前
The euro is betting on divergence
• ECB rates are in the right place while German inflation is accelerating.
• The Bank of Japan may raise rates in December & capital flight will pressure the pound.
FxPro
|
12小時32分鐘前
Crypto: Winter began with a sell-off
Crypto market drops 5% as month starts, falling below $3T amid low liquidity and heightened bearish sentiment.
FxPro
|
14小時33分鐘前
Gold, USDJPY, Oil
Weak PMI or ADP may lift gold; PCE data supports USD if inflation stays firm, while BoJ hawkishness keeps USDJPY under pressure; OPEC+ holds output steady; WTI climbs above 60
XM Group
|
15小時14分鐘前
3 Reasons FCA-Regulated Brokers Protect You More Than You Think
Learn why choosing an FCA-regulated broker like Ultima Markets ensures stronger oversight, enforceable client protections, and operational resilience. Discover three key benefits that safeguard your trading experience.
Ultima Markets
|
15小時29分鐘前
Markets in cautious mode as cryptos tumble
Risk appetite tested as countdown to Fed meeting commences; Cryptos crash, erasing last week’s solid gains; Fed blackout period in place, focus shifts to US data releases; Oil and gold rally, as dollar loses ground across the board;
XM Group
|
15小時42分鐘前
Gold Hits Five-Week High on Dovish Fed Bets
Gold climbed to 4,240 USD per ounce on Monday, reaching its highest level in five weeks, as expectations solidified for an imminent Federal Reserve interest rate cut. Markets have priced in an 87% probability of a 25-basis-point reduction at this month’s policy meeting.
RoboForex
|
15小時56分鐘前
Technical Analysis – Bitcoin slides over 5.5% to under 86,000
BTCUSD hits strong resistance at 20-day SMA. Retraces mild rebound gains from late last week. Momentum indicators signal persistent bearish pressure.
XM Group
|
17小時40分鐘前
