Gold Price Could Restart Its Rise Above $1,575

Key Highlights Gold price corrected lower from $1,611 and tested the $1,535 support against the US Dollar.Recently, there was a break above a key bearish trend line with resistance near $1,545 on the 4-hours chart of XAU/USD.The US PPI increased 0.1% in Dec 2019 (MoM), less than the 0.2% forecast.The US Retail Sales is likely to increase 0.3% in Dec 2019 (MoM). Gold Pric...
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USD/JPY In Corrective Decrease But Remains Supported

Key Highlights USD/JPY started a downside correction from the 109.50 resistance.There was a break below a contracting triangle with support at 108.90 on the 4-hours chart.The US Initial Jobless claims for the week ending Nov 09, 2019 increased from 211K to 225K.The US Retail Sales is likely to increase 0.2% in Oct 2019 (MoM), better than the last -0.3%. USD/JPY Technical...
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USD/JPY Facing Key Resistance Near 107.00

Key Highlights The US Dollar is forming a decent support above 105.20 against the Japanese Yen. USD/JPY is facing a strong resistance near 106.75 and a bearish trend line on the 4-hours chart.The US Retail Sales in July 2019 jumped 0.7% (MoM), more than the +0.3% forecast.The US Building Permits in July 2019 might increase 5.6%. USD/JPY Technical Analysis After a stro...
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NZD/USD Could Accelerate Decline Below 0.6540

Key Highlights The New Zealand Dollar is in a strong downtrend below 0.6600 against the US Dollar.A major bearish trend line is forming with resistance at 0.6580 on the 4-hours chart of NZD/USD.The US Retail Sales in April 2019 declined 0.2% (MoM), whereas the forecast was +0.2%.The US Initial Jobless Claims for the week ending May 11, 2019 may slide from 228K to 220K. N...
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Gold Price Turns Positive Above $1,290, Could Test $1,310

Key Highlights Gold price started a fresh increase above $1,285 and $1,290 resistances against the US Dollar.A key bullish trend line is forming with support at $1,290 on the 4-hours chart of XAU/USD.The US Import Price Index advanced 0.2% in April 2019 (MoM), less than the +0.7% forecast.The US Retail Sales in April 2019 could increase 0.2% (MoM), less than the last +1.6%....
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USD/JPY Daily Chart Suggests Pair Approaching Crucial Resistance

Key Highlights The US Dollar settled above the 110.60 and 111.50 resistances against the Japanese Yen.USD/JPY could attempt to surpass a crucial bearish trend line at 112.60 on the daily chart.The US Retail Sales in March 2019 increased 1.6% (MoM), more than the +0.9% forecast.The US Housing Starts in March 2019 could increase 6.5% (MoM), whereas the last was -8.7%. USDJ...
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Gold Price Daily Chart Signaling Bearish Continuation

Key Highlights Gold price topped near the $1,346 level in Feb 2019 and later corrected lower.There is a crucial declining channel formed with resistance at $1,292 on the daily chart of XAU/USD.China’s GDP grew 6.4% in Q1 2019 (YoY), more than the 6.3% forecast.The US Retail Sales in March 2019 could increase 0.9% (MoM), better than the last -0.2%. Gold Price Technical ...
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Gold Price Preparing For Next Crucial Break

Key Highlights Gold price tested the $1,300 support area and later started consolidation against the US Dollar. There is a breakout pattern formed with resistance at $1,314 on the 4-hours chart of XAU/USD. The US CPI posted no change in Jan 2019 (MoM), whereas the market was looking for a 0.1% rise. The US Retail Sales for Dec 2018 will be released today, which co...
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EUR/USD Broke Key Support, More Losses Likely

Key Highlights The Euro failed to surpass the 1.1440 resistance and declined recently against the US Dollar. There was a break below a key bullish trend line with support at 1.1330 on the 4-hours chart of EUR/USD. The US Retail Sales in Nov 2018 increased 0.2% (MoM), similar to the forecast. Today, the Euro Zone CPI for Nov 2018 will be released, which is forecast...
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Crude Oil Price Tumbles Below $60.00

Key Highlights Crude oil price extended losses and traded below the key $60.00 support against the US dollar. There was a break below a crucial declining channel with support at $58.00 on the 4-hours chart of XTI/USD. The US CPI in Oct 2018 increased 0.3% (MoM), similar to the forecast. Today, the US Retail Sales for Oct 2018 will be released, which is forecasted ...
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