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Stock market analytics, financial forecasts

Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Gold continues to respect key long-term support trend line at $1,790-$1,800.
16:48 2022-07-01 UTC--4
Exchange Rates analysis

Red line -support trend line

Gold price broke below $1,800 today but near the end of the sessions bulls have managed to push prices back towards the daily highs and above the key long-term support trend line. Next week will be very important for short-term trend of Gold. Gold is bouncing after touching the major support trend line. Will a new upward move start or is this bounce just a short-term relief bounce? A daily close below $1,795 would be a new bearish signal. Until then bulls continue to have hopes.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.