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Showing posts with the label Gold Price Prediction for May 2020 | FOREX RECOMMENDATION

#WTI #CrudeOil Weekly Forecast: Higher Sustained Prices Developing Strength (18-22 March 2024)

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After penetrating the 80.000 USD price level on Thursday of last week WTI Crude Oil has shown sustained value and the coming days will be intriguing for speculators. WTI Crude Oil will open trading within eyesight of the 81.000 USD price early Monday. Last week’s trading saw the 80.000 mark penetrated and brushed to the side on early Thursday as speculators seemingly reacted to U.S Inventory data from the previous day, which showed a shortfall of over one million barrels. The U.S and global production is solid, but the price of WTI has been showing a steady flirtation with higher prices since early February. The bullish trend in WTI not only passed the 80.000 USD mark on Thursday, but sustained its momentum without any volatile reversals lower. Since late in February, the 77.000 USD price has acted as rather durable support and did so again this past Tuesday and early on Wednesday. The ability of WTI Crude Oil to start marching upwards on Wednesday and then reach velocity on Thursday i

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

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