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Gold (XAUUSD) Price Prediction for May 2020 | FOREX RECOMMENDATION

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The below gold price forecast article is a part of the May 1, 2020 Gold & Silver Trading Alert that we sent to our paid subscribers. Enjoy: Practically everything that we wrote on Monday, and yesterday. remains up-to-date today. In fact, yesterday’s decline, the volume that accompanied, and the gold-USD link all further confirm the forecast that current situation in gold, silver, and mining stocks is similar to what happened in the first half of March. Let’s take a look at the details. Starting with a quote from our previous analysis to provide context: In short, the USD Index is after a huge rally and a correction. In late March, the USD Index corrected the previous rally in terms of price moves, but not in terms of time. The latter is what it seems to have been doing for the past month. The USD Index did move higher in April, but the moves were relatively boring – somewhat similar to how it rallied in January and February. And what did gold do at that time? It moved h
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Top 5 Things to Know in the Market on Thursday, April 9th 2020

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Another 5.25 million Americans are expected to have filed for jobless benefits last week. The numbers are out at 8:30 AM ET (1230 GMT). OPEC and Russia will meet to thrash out a possible cut of some 10 million barrels a day in output - but any agreement will likely be conditional on some form of contribution from the U.S. Stocks are set to open mostly lower after a late surge on hopes of a peak in virus cases in New York, while the U.K. is set to start borrowing directly from the Bank of England - and neither the pound nor the bond market seems to mind. Here's what you need to know in financial markets on Thursday, April 9th. 1. Get your hard hat on - it's time for U.S. jobless claims again It’s jobless claims day again. The Labor Department releases its weekly figures for initial claims at 8:30 AM ET (1230 GMT), and analysts predict only a modest drop to 5.25 million from last week’s record of 6.65 million. If that’s borne out (and watch for revisions to the previou
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S&P 500 Forecast 2020: When will equities peak?

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S&P 500 Forecast 2020: When will equities peak?  The most profitable bull market in history arouses a lot of interest among bears. The fourth year of the presidential term has, on average, the worst performance in the S&P 500. The trade war, the Brexit or Trump appear to be the most critical threats for a market insensitive to dangers. American stock market indices have started the new year at  record highs . On Thursday 2, the futures market shows a 0.91% increase and the S&P 500 index close to hitting the 3250 price level. The current  upward trend began in March 2009 , when the S&P 500 hit the 660-point zone of the global stock market benchmark. Since then, the strong coordinated actions of all the major central banks of the world, injecting trillions of dollars into the economic system, have driven the American indices to new annual highs. It is more than evident that   the current situation is unsustainable . The current stratospheric price levels i
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