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Silver Price Analysis: XAG/USD seems vulnerable near 200-DMA/61.8% Fibo. confluence

Silver Price Analysis: XAG/USD seems vulnerable near 200-DMA/61.8% Fibo. confluence

Silver edged lower on Thursday and was last seen hovering near the $28.80-85 confluence zone. The technical set-up favours bearish traders and supports prospects for further depreciating move. Silver struggled to maximize the previous day’s goodish bounce…

Market News
Gold Price Forecast: XAU/USD bulls to regain control on a daily closing above 100-DMA at $1794

Gold Price Forecast: XAU/USD bulls to regain control on a daily closing above 100-DMA at $1794

Gold is consolidating its recovery below $1890, as higher US dollar and yields limit the upside. the main target now remains on Powell’s Q&A session during his testimony afterward Tuesday, FXStreet’s Dhwani Mehta briefs. See…

Market News
Palladium Price Analysis: XPD/USD bulls attack $2,600 on the bumpy road to recovery

Palladium Price Analysis: XPD/USD bulls attack $2,600 on the bumpy road to recovery

Palladium gradually overcomes three-month low, up for second positive day. 50% Fibonacci retracement, 100-DMA guards immediate upside, multiple horizontal lines test the bulls afterward. Late March low, 61.8% Fibonacci retracement restrict short-term downside. Palladium (XPD/USD)…

Market News
Natural Gas Futures: A deeper pullback looks unlikely

Natural Gas Futures: A deeper pullback looks unlikely

In light of preliminary readings from CME Group for gas futures markets, traders scaled back their open interest positions by around 10.1K contracts at the start of the week, reaching the fourth consecutive daily drop.…

Market News
USD/INR Price News: Indian rupee buyers seek entries above 74.00 on cautious optimism

USD/INR Price News: Indian rupee buyers seek entries above 74.00 on cautious optimism

USD/INR steps back from intraday top after a two-day downtrend. Mildly upbeat sentiment weighs on USD before Powell’s testimony. US-China jitters, covid updates, and second-tier data add filters to the moves. USD/INR defends the 74.00 thresholds, snapping…

Market News
Silver Price Analysis: XAG/USD rebounds from two-month lows, lacks follow-through

Silver Price Analysis: XAG/USD rebounds from two-month lows, lacks follow-through

Silver battles $26 mark on the road to recovery. XAG/USD poised for deeper losses on a drop below $25.55. RSI recovers but still remains within the bearish zone. s Silver price (XAG/USD) has quickly pulled…

Market News
US Dollar Index looks to extend the rally above 92.00

US Dollar Index looks to extend the rally above 92.00

DXY alternates gains with losses around 92.30. US 10-year yields stay depressed near the 1.40% region. The Chicago Fed index, Fedspeak next on tap within the docket. The greenback starts the week in an inconclusive…

Market News
Natural Gas Futures: Probable consolidation near term

Natural Gas Futures: Probable consolidation near term

In light of advanced prints for gas futures markets, open interest dropped for the third straight session on Friday, this point by around 3.5K contracts. within the same direction, volume went down by around 94.8K…

Market News
Gold Price Forecast: XAU/USD to extend its recovery on a break above $1778

Gold Price Forecast: XAU/USD to extend its recovery on a break above $1778

Gold is attempting a bounce from two-month lows amid falling yields, although a broadly firmer US dollar is probably going to limit the rebound, FXStreet’s Dhwani Mehta briefs. XAU/USD attempts a bounce amid falling yields,…

Market News
Palladium Price Analysis: XPD/USD bulls battle support-turned-resistance around $2,500

Palladium Price Analysis: XPD/USD bulls battle support-turned-resistance around $2,500

Palladium revisits the 200-DMA, five-month-old line on a bounce from a three-month low. Bearish MACD, strong upside hurdles, and US dollar strength probe the buyers. The horizontal area from November 2020 adds to the upside filters,…