Forecasts of XAU/USD

Biden rushes to the rescue Market Watch review. In today's release, we’ll cover the following topics: Biden unveils plan to save America.  The head of the US Federal Reserve slowed down the growth of the dollar. Latest data on claims for unemployment benefits in the United States.  Updated OPEC for...

15.01.2021EURUSD, “Euro vs US Dollar”After finishing the descending wave at 1.2111 and then ascending structure towards 1.2170, EURUSD is consolidating below the latter level. If later the price grows and breaks to the upside at 1.2170, the market may start a new growth with the target at 1.2230; if...

14.01.2021EURUSD, “Euro vs US Dollar”After finishing the ascending wave at 1.2222 and then descending structure towards 1.2170, EURUSD has formed a new consolidation around the latter level; right now, it is trading not far from the downside border. If later the price breaks this range to the downsi...

Since gold’s impressive +40% rally from the March lows after the coronavirus pandemic, it peaked in August last year before falling 15% for the rest of the year, as the weekly chart shows below. Since December, gold bulls tried to push the price of the yellow gold higher in anticipation of the typic...

13.01.2021EURUSD, “Euro vs US Dollar”After forming a new consolidation range below 1.2180 and breaking it to the upside, EURUSD is still correcting with the short-term target at 1.2222. Later, the market may resume trading downwards to test 1.2180 from above and then start another growth to complete...

12.01.2021EURUSD, “Euro vs US Dollar”EURUSD is still trading downwards; it has already broken 1.2148 and may later continue falling to reach 1.2111. After that, the instrument may correct towards 1.2200 and then resume moving downwards with the target at 1.2050.GBPUSD, “Great Britain Pound vs US Dol...

11.01.2021EURUSD, “Euro vs US Dollar”After reaching the short-term downside target at 1.2170, EURUSD is expected to start another growth to test 1.2245 from below. After that, the instrument may resume trading downwards with the first target at 1.2160 and then start a new correction in the form of a...

06.01.2021EURUSD, “Euro vs US Dollar”After finishing the ascending wave at 1.2325 along with the correction towards 1.2283, EURUSD is expected to continue the correction to reach 1.2257 and then grow to break 1.2300. After that, the instrument may continue trading upwards with the short-term target ...

05.01.2021EURUSD, “Euro vs US Dollar”After finishing the ascending wave at 1.2309 along with the correction towards 1.2240, EURUSD is expected to reach 1.2326 and then fall towards 1.2240, thus forming a new consolidation range between the two latter levels. If later the price breaks this range to t...

04.01.2021EURUSD, “Euro vs US Dollar”After finishing the ascending wave at 1.2300 along with the correction towards 1.2220, EURUSD is expected to reach 1.2270 and then fall towards 1.2240, thus forming a new consolidation range between the two latter levels. If later the price breaks this range to t...

30.12.2020EURUSD, “Euro vs US Dollar”After finishing the ascending wave at 1.2293, EURUSD is consolidating below this level. If later the price breaks this range to the upside, the market may form one more ascending structure towards 1.2300; if to the downside – start a new correction with the targe...

29.12.2020EURUSD, “Euro vs US Dollar”After breaking 1.2230, EURUSD is expected to continue growing with the target at 1.2270. Today, the pair may reach 1.2260 and then start a new correction to return to 1.2230. After that, the instrument may resume growing towards the above-mentioned target.GBPUSD,...

After an incredible 40%+ surge in the price of gold during the coronavirus pandemic earlier this year, the yellow metal has fallen roughly 15% in value. However, with the traditional seasonal rally coming up gold could be in hot demand.  Technically, gold formed a descending triangle formation with ...

This week, the Federal Reserve will hold its last monetary policy meeting of 2020, set against a backdrop of high expectations following a similar meeting in Europe and poor employment data in the US. Over the past months, we have been seeing the US dollar experiencing a downward trend against maj....

November brought with it announcements from both Pfizer and Moderna regarding the effectiveness of their coronavirus vaccines. These brought relief to the financial markets, leading to strong rises in equities and making November one of the best, if not the best, months in the history of the stock ....

28.12.2020EURUSD, “Euro vs US Dollar”After breaking 1.2207, EURUSD is expected to continue growing towards 1.2240. After that, the instrument may correct to return to 1.2207 and then start another growth with the target at 1.2275.GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD is still consolidatin...

25.12.2020EURUSD, “Euro vs US Dollar”EURUSD is still consolidating around 1.2184; this entire structure may be considered as the fifth wave with the target at 1.2300. After the market opening, the pair may correct towards 1.2050 and then start another growth to reach the above-mentioned target. Afte...

24.12.2020EURUSD, “Euro vs US Dollar”EURUSD is still consolidating around 1.2184. Possibly, today the pair may expand this range up to 1.2230 and then fall to return to 1.2184. If later the price breaks this range to the upside, the market may start another growth towards 1.2330; if to the downside ...

23.12.2020EURUSD, “Euro vs US Dollar”After completing the descending wave at 1.2152 EURUSD has broken 1.2184 to the upside; right now, it is consolidating around the latter level. Possibly, the pair may break this range to the upside to reach 1.2218 and then fall to return to 1.2184. If later the pr...

22.12.2020EURUSD, “Euro vs US Dollar”After completing the descending wave at 1.2140 and then breaking 1.2200 to the upside, EURUSD has reached the short-term upside target at 1.2249; right now, it is falling to test 1,2200 from above and may later form one more ascending structure towards 1.2277. Ho...

21.12.2020EURUSD, “Euro vs US Dollar”After completing the descending wave at 1.2180 due to the gap this morning, EURUSD is expected to start another correction. Later, the market may return to 1.2180 to test it from below and then form a new descending structure with the target at 1.2163.GBPUSD, “Gr...

18.12.2020EURUSD, “Euro vs US Dollar”After completing the ascending wave at 1.2270, EURUSD is falling. Possibly, the pair may reach 1.2230 and then start a new correction towards 1.2257, thus forming a new consolidation range between these two levels. If later the price breaks this range to the down...

17.12.2020EURUSD, “Euro vs US Dollar”After completing the ascending wave at 1.2200 and then returning to 1.2130, EURUSD is growing again to reach 1.2222. Later, the market may start a new correction with the closest target at 1.2180.GBPUSD, “Great Britain Pound vs US Dollar”After forming a new conso...

Market Watch. UK labor market crisis Market Watch review. 16.12.2020 In today's release, we’ll cover the following topics: Worsening forecasts for the oil market. UK labor market crisis. Industrial growth in the Eurozone.  Global oil demand will be below initial estimates both at the end of this yea...

16.12.2020EURUSD, “Euro vs US Dollar”After completing the descending wave at 1.2121 and then returning to 1.2150, EURUSD is consolidating around the latter level. Possibly, today the pair may expand the range up to 1.2188 and then start a new decline towards 1.2119. If later this level is broken, th...

After an incredible 40%+ surge in the price of gold during the coronavirus pandemic earlier this year, the yellow metal has fallen roughly 15% in value. However, with the traditional seasonal rally coming up gold could be in hot demand.  Technically, gold formed a descending triangle formation with ...

15.12.2020EURUSD, “Euro vs US Dollar”After completing the ascending wave at 1.2175 and then returning to 1.2122, EURUSD is consolidating around 1.2150. Possibly, today the pair may break the range to the downside and reach 1.2122. If later this level is also broken, the market may continue trading d...

This week, the Federal Reserve will hold its last monetary policy meeting of 2020, set against a backdrop of high expectations following a similar meeting in Europe and poor employment data in the US. Over the past months, we have been seeing the US dollar experiencing a downward trend against maj....

14.12.2020EURUSD, “Euro vs US Dollar”After completing the descending wave at 1.2105 and then returning to 1.2140 due to the gap this morning, EURUSD is still consolidating. Possibly, today the pair may expand the range up to 1.2150 and then fall to return to 1.2100. If later the price breaks this ra...

Market Watch. The oil rally continues Market Watch review. 12.11.2020 In today's release, we’ll cover the following topics: Oil hits another high. ECB decision and new stimulus for the economy. Failed Brexit negotiations.  The oil market continues to fly to new highs, despite the decline in consumpt...