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11 Jan 2023

Gold Price Forecast: A test of the $1,900 mark remains on the cards

Nothing has changed technically for the Gold price. XAU/USD needs acceptance above $1,880 to keep bulls hopeful, FXStreet0s Dhwani Mehta reports.

Gold price confirms Golden Cross

“Bulls keep looking out for acceptance above the multi-month peak at $1,881. The $1,900 threshold will be next in sight of Gold buyers, above which doors will open toward May 2022 high at $1,910.”

“Adding credence to the bullish potential, the upward-sloping 50-Daily Moving Average (DMA) managed to close Tuesday above the mildly bearish 200DMA, confirming a Golden Cross.”

 “Failure to yield a daily closing above the $1,880 level could offer much-needed respite to Gold sellers. Friday’s low at $1,865 will be the immediate support thereon. Further down, the $1,850 psychological level will be a tough nut to crack for Gold bears.”

Gold Price Forecast: XAU/USD could skyrocket to $2,300 on a move beyond highs at $2,070/2,075 – Credit Suisse

Jan 11, 2023

EUR/USD could confront 1.0785 in the near term – UOB

In the opinion of Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, further upside could motivate EUR/USD to challenge the 1.0
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Jan 11, 2023

Forex Today: Markets remain indecisive ahead of key data releases

Here is what you need to know on Wednesday, January 11: Following the volatile action witnessed at the beginning of the week, financial markets remain
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