Gold Price Forecast: XAU/USD to move higher if US data comes weaker than expected – TDS
Source Fxstreet
Gold (XAU/USD) closed at an all-time high on Friday. Economists at TD Securities analyze the yellow metal’s outlook for the week ahead.
Data from the US could trigger a big reaction in XAU/USD
February ISM services, payrolls, wages and unemployment data may well be catalysts for Gold to move higher if they come in significantly weaker than expected. Otherwise, much of the latest gains will likely be given back.
We suspect that data will be weaker, but not so poor as to drive yields much lower. As such, the market will have to wait for our $2,300+ trading target to manifest a while longer.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Gold (XAU/USD) is seen extending the previous day's modest pullback from the vicinity of the $4,900 mark, or a fresh all-time peak, and drifting lower through the Asian session on Thursday.
Top 3 Price Forecast: BTC Shows Early Stabilization; ETH and XRP Still Look HeavyBTC trades near $89,900 after holding $87,787 support and eyeing the $91,942 50-day EMA, while ETH (~$2,964) remains capped below $3,017 and XRP (~$1.91) keeps downside risk toward $1.77 after failing to reclaim key levels.
BTC trades near $89,900 after holding $87,787 support and eyeing the $91,942 50-day EMA, while ETH (~$2,964) remains capped below $3,017 and XRP (~$1.91) keeps downside risk toward $1.77 after failing to reclaim key levels.
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