Gold bulls reign supreme after conquering $2000 level
Gold prices held above the psychological $2000 level on Wednesday, hitting levels not seen in 13 months thanks to a weaker dollar and speculation around the Fed’s tightening cycle nearing an end.
After breaking through the 15 and 34 Simple Moving Averages, the USDJPY could be gearing up for further upside. Bulls remain hungry and currently eyeing the critical resistance at 132.903. A solid breakout above this point may signal further upside in the medium term.
Pound bears linger in the vicinity as the bullish trend loses momentum on the daily time frame. All eyes will be on how prices behave around the critical support at 1.18998 which could open the doors to lower levels.
Gold prices held above the psychological $2000 level on Wednesday, hitting levels not seen in 13 months thanks to a weaker dollar and speculation arou...
After breaking through the 15 and 34 Simple Moving Averages, the USDJPY could be gearing up for further upside. Bulls remain hungry and currently eyei...
Pound bears linger in the vicinity as the bullish trend loses momentum on the daily time frame. All eyes will be on how prices behave around the criti...