Gold futures down a 4th straight session

Gold futures ended lower on Thursday, with prices for the precious metal down a fourth straight session. Losses for gold are “mainly due to the strength in the dollar, as expectations are that [the Federal Reserve] may adopt even more hawkish monetary policy,” Naeem Aslam, chief market analyst at AvaTrade, told MarketWatch. In testimony before the House Financial Services Committee Thursday, Fed Chairman Jerome Powell said he has an “unconditional” commitment” to fight inflation. August gold GCQ22, -0.46% fell by $8.60, or 0.5%, to settle at $1,829.80 an ounce.

Source: Marketwatch

Technical Analysis & Forecast 16.04.2024

EURUSD, “Euro vs US Dollar” The EURUSD pair has completed a correction wave at 1.0664. After the correction, the market continues developing a decline wave

Murrey Math Lines 16.04.2024 (AUDUSD, NZDUSD)

AUDUSD, “Australian Dollar vs US Dollar” AUDUSD quotes are below the 200-day Moving Average on D1, revealing the prevalence of a downtrend. The RSI has

Ichimoku Cloud Analysis 16.04.2024 (EURUSD, USDJPY, NZDUSD)

EURUSD, “Euro vs US Dollar” EURUSD is testing the lower boundary of the bearish channel. The pair is going below the Ichimoku Cloud, which suggests

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