Centfx
Updated end-of-day gold price projection for August 18, 2024
In order to resume the main bullish track and head towards expected gains in the upcoming sessions, gold price rallied higher, breaking through the 2483.40$ level and testing the 2500.00$ barrier. It is important to note that holding above 2483.40$ is crucial to the expected rise continuing.
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Centfx
Forecast for Silver Prices: US Inflation is the main emphasis, and XAG/USD remains in a narrow range around $31.
Wednesday's Asian session saw sideways trading near $31.00 for the silver market (XAG/USD). Even though Federal Reserve (Fed) Chair Jerome Powell stated that threats to the Fed's dual mandate are well balanced in his semi-annual Congressional speech on Tuesday, the white metal continues to
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Centfx
Analysis of the EUR/USD price: Stays below the key resistance level of 1.0950
Amidst a steady US Dollar (USD) and positive US Nonfarm Payrolls published on Friday, EUR/USD is moving sideways. The pair is trading at 1.0940 on Monday during Asian trading hours. The eight-week high of 1.0981, which was reached in the previous session, is the next immediate resistance barrier at 1.0950 level
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