Forex Trading

Price of assets vulnerable – federal reserve.

Published

5 months ago

October 1, 2020

The federal reserves has confirmed that the price of assets will remain vulnerable to significant decline if the pandemic rages worse than it is currently.

The Feds will also be watching closely for signs of stress on the commercial real estate. Positing that any form of recovery will be determined by the effect of the virus.

In another news, the federal open market committee has stated that it would be ready to make adjustments of any risk emerges that could impede it goals. The Feds are predicting a 2.0% inflation as early as 2023 with a possible 4.0% unemployment rate.

There are still no changes to the interest rates and benchmarks.

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Forex Trading

Gold aiming for new highs.

Published

2 months ago

January 12, 2021

Nairainvest

Gold is ready to take out a powerful resistance at $1862, which is the intersection of the previous day high and Fibonacci 38.3% one-day.

Up next, a dense cluster of major resistance levels is put up around $1862, where the Fibonacci 23.7% one-week, SMA100 four-hour and SMA100 one-hour coincide.

The buyers will then target the SMA50 one-day at $1870.

Meanwhile, a lack of healthy support levels makes gold look vulnerable, with an immediate cushion seen around $1848, which is the convergence SMA100 and 50 one-hour and SMA10 four-hour.

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Forex Trading

XAUUSD eyeing upside above $1916

Published

2 months ago

December 21, 2020

Nairainvest

Risk sentiments joins the precious metal’s ability to stay beyond 50-day Simple moving average to attack the 100-day Simple moving average level of usd1,904.54. However, any further upside will eye for a multi-day-old resistance line around usd1,917.

Should gold buyers manage to cross usd1,918 on a daily closing basis, November’s high near usd1,965/67 will be in the spotlight.

Meanwhile, a downside break of 50-day simple moving average, at usd1,871 now, will attack an upward sloping trend line from November 30, currently around usd1,843.

If at all the commodity sellers dominate past-usd1,843, the monthly low near usd1,776 may return to the charts

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Forex Trading

Gold sees heavy loss.

Published

3 months ago

December 10, 2020

Nairainvest

The precious metal picks up bids around usd1,840, up 0.21% intraday, during early Thursday. The yellow metal marked the heaviest losses since November 24 the previous day but 200- hourly moving average triggered the much-awaited bounce.

The U-turn gains support from the receding strength of negative monthly average convergence divergence signals to suggest further upside towards 100-hourly moving average , at usd1,852 now.

However, a downward sloping trend line from Tuesday, near usd1,857 now, will challenge gold buyers ahead of highlighting the recent top surrounding usd1,876 on their radars.

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