Gold Price Outlook Mired by Failed Attempt to Test 50-Day SMA

December 09, 2020 at 03:00PM

The rebound in the price of gold appears to have stalled ahead of the 50-Day SMA ($1878) as bullion pulls back from a fresh monthly high ($1875).

From: David Song
Selected by fonecable.com

Search Web: Gold Price Outlook Mired by Failed Attempt to Test 50-Day SMA

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | **CODE: SHOP100 / SHOP200 / SHOP300**

easypM6CaP — Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

HN4WOMAN — Sponsored by **Harvey Nichols** Founded in 1831, a British luxury department store.

ADVERTISEMENT

New Zealand REINZ House Price Index (MoM) fell from previous -1.9% to -2.8% in July 10 August 2022

New Zealand REINZ House Price Index (MoM) fell from previous -1.9% to -2.8% in July

Gold Price Forecast: XAU/USD extends recovery towards $1,800 as hawkish Fed bets trim 10 August 2022

Gold price (XAU/USD) has picked bids below $1,790.00 and is extending its recovery above the immediate hurdle of $1,792.00 amid a broader risk-on in t

Silver Price Forecast: XAGUSD hangs around $20.60s, unable to rally despite US dollar weakness 10 August 2022

Silver price falters to rally on Wednesday after the US Department of Labor reported that inflation in the US lowered from 4-decade highs above the 9%

EUR/JPY Price Analysis: Dives sharply below 137.00 as risk appetite improves 10 August 2022

The EUR/JPY plunged on Wednesday due to a risk-on impulse spurred by US inflation data, which ticked lower, dissipating the Federal Reserve’s need for

NZD/USD bears are looking for a move below 0.6400, 0.6350s eyed 10 August 2022

NZD/USD is 1.85% higher, rising from a low of 0.6275 on the day to reach a high of 0.6434. The bulls have taken the baton on the back of weakness in U

AUD/USD bulls pulling away but a correction could be around the corner 10 August 2022

AUD/USD remains firmly bid in the US session, but a touch below the impulse highs that were printed following a sell-off in the greenback on the back

AMC Entertainment Stock News and Forecast: AMC benefiting from risk appetite 10 August 2022

"Today we pounce" was the rallying call from AMC CEO Adam Aron to his AMC ape followers with the announcement of AMC preferred shares, which will trad

Forex Today: Dollar plunges on easing inflation 10 August 2022

What you need to take care of on Thursday, August 11: The greenback plummeted on the back of US inflation figures, ending the day in the red against a

EUR/USD Price Analysis: Surges eyeing a test of the 50-DMA 10 August 2022

The EUR/USD rallies towards the 50-day EMA, reaching a five-week high of around 1.0366, amidst an upbeat sentiment, courtesy of lower than estimated U

Gold Price Forecast: XAU/USD bulls got free drinks on the house, but hangovers could await them 10 August 2022

At $1,791.43, gold is around 0.17% higher on the day. It has rallied from a low of $1,787.60 to a fresh bullish corrective high of $1,807.96. The gold

Fed's Kashkari: Far, far, far away from claiming victory on inflation 10 August 2022

Federal Reserve's Neel Kashkari: said while he is happier to see inflation surprised to downside, the Fed is far far far away from declaring victory o

United States Monthly Budget Statement below forecasts ($-194B) in July: Actual ($-211B) 10 August 2022

United States Monthly Budget Statement below forecasts ($-194B) in July: Actual ($-211B)

NZD/USD surges towards the 100-DMA post US soft CPI, on risk-on mood 10 August 2022

The NZD/USD advances sharply following a better-than-expected US inflation report that showed prices are tempering, a signal for traders that the Fede

United States 10-Year Note Auction declined to 2.755% from previous 2.96% 10 August 2022

United States 10-Year Note Auction declined to 2.755% from previous 2.96%

Russia Consumer Price Index (MoM) below expectations (-0.2%) in July: Actual (-0.4%) 10 August 2022

Russia Consumer Price Index (MoM) below expectations (-0.2%) in July: Actual (-0.4%)

US: Atlanta Fed GDPNow for Q3 rises to 2.5% 10 August 2022

According to the Federal Reserve Bank of Atlanta's GDPNow model, the US economy is expected to grow at an annualized rate of 2.5% in the third quarter

BOE's Pill: Wage growth running too fast at present 10 August 2022

Bank of England Chief Economist Huw Pill said on Wednesday that wage growth in the UK is running too fast at present, as reported by Reuters. Pill fur

USD/CHF tanks and refresh 4-month lows below the 200-DMA 10 August 2022

The USD/CHF plunges in the North American session after the US Department of Labor reported that inflation in the US increased at a slower pace, which

GBP/USD: Pound remains vulnerable, could break under 1.20 again – Rabobank 10 August 2022

Despite the broad-based slide of the US dollar on Wednesday following the US CPI, analysts at Rabobank still see the GBP/USD vulnerable to the downsid

GBP/JPY drops to three-day lows amid a stronger yen after US CPI 10 August 2022

The GBP/JPY cross lost almost 200 pips following the release of US inflation data that triggered a rally of the Japanese yen across the board. It bott

Gold Price Outlook Mired by Failed Attempt to Test 50-Day SMA

December 09, 2020 at 03:00PM

The rebound in the price of gold appears to have stalled ahead of the 50-Day SMA ($1878) as bullion pulls back from a fresh monthly high ($1875).

Search Web: Gold Price Outlook Mired by Failed Attempt to Test 50-Day SMA

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

Recent Posts

ADVERTISEMENT

24S Worldwide (APAC/EU/US)24S | GET UP TO 300£/$/€ OFF ON YOUR BACK-TO-OFFICE LOOK | CODE: SHOP100 / SHOP200 / SHOP300

ADVERTISEMENT

Free Currency Card in the UK; Free Currency Accounts; UK Residence Only

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

July Reports

ADVERTISEMENT

Sponsored by Harvey Nichols Founded in 1831, a British luxury department store.

ADVERTISEMENT

Leave a Reply

AUD/USD Upside Persists, NZD/USD Remains Overbought

Canadian Dollar Outlook: USD/CAD Slides on BoC Rate Decision

December 09, 2020 at 03:00PM

The rebound in the price of gold appears to have stalled ahead of the 50-Day SMA ($1878) as bullion pulls back from a fresh monthly high ($1875).

ADVERTISEMENT

Recent Posts

ADVERTISEMENT

ADVERTISEMENT

Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

ADVERTISEMENT

July Reports

ADVERTISEMENT

Leave a Reply

Related Post