Nasdaq 100, ISM Services Index, Fed, Technical Analysis – Asia Pacific Market Open:Tech-heavy Nasdaq 100 underperforms after soft ISM Services dataTraders seemed to focus on economic woes rather than a dovish FedTurn lower has the Nasdaq…
GOLD FORECAST:Gold prices struggle for direction as traders look for fresh market catalystsDespite Wednesday’s price action, the precious metal retains a bullish outlookThe March U.S. jobs report will help set the trading tone for XAU/USD…
Looking to catch that sharp surge in gold prices?
Here are some levels to watch if you’re going for a breakout or a pullback.
Gold (XAU/USD) 1-hour Chart by TradingView
Remember gold’s symmetrical triangle pattern we were watching a…
ISM Non-Manufacturing (Services) PMI Misses EstimateThe second of the two measures gauging the health of the US economy compounded concerns that the relatively strong US economy is showing signs of concern. The ISM non-manufacturing PMI…