Gold price tests critical support as Yen weakens
Gold faces a critical test as the Yen hits a 40-year low. Analyze technical corrections and macro drivers with ForexCFD.top tools.
Gold faces a critical test as the Yen hits a 40-year low. Analyze technical corrections and macro drivers with ForexCFD.top tools.
Huw Pill cites structural frictions driving self-sustaining pricing. With retail volume up 1.2%, the Bank of England faces a harder path.
GBP/USD trades near 1.3235 after failing the 23.6% Fibo. With the 200-period SMA capping gains, the path points to the 1.3139 floor.
Goldman Sachs reports central banks bought 59 tonnes of gold in April, signaling a permanent shift away from cyclical trading patterns.
AUD/CAD eyes a retest of .9950 resistance. I break down why this liquidity zone often traps traders before the next real move happens.