Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Oil - US Crude
Wall Street
More View more
Real Time News
  • Implementing a trading checklist is a vital part of the trading process because it helps traders to stay disciplined, stick to the trading plan, and builds confidence. Learn how to stick to the plan, stay disciplined, and use a checklist here: https://t.co/2MCG036HGH https://t.co/WvB0ze2Tpe
  • Join @MBForex at 8:30 AM ET/12:30 PM GMT for his weekly strategy #webinar Register here: https://t.co/VAnAfZU02T https://t.co/hCU33zOlyq
  • Heads Up:🇧🇷 BCB Focus Market Readout due at 11:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-08-10
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.35%, while traders in US 500 are at opposite extremes with 76.44%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/VJzrlGSkfj
  • Heads Up:🇲🇽 Industrial Production YoY (JUN) due at 11:00 GMT (15min) Expected: -17.8% Previous: -30.7% https://www.dailyfx.com/economic-calendar#2020-08-10
  • Tune in to @CVecchioFX 's #webinar at 7:30 AM ET/11:30 AM GMT for insight on major event risk in the week ahead. Register here: https://t.co/X8TIhpKxtF https://t.co/YZoHo12epc
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.55% Silver: 0.16% Gold: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/a6Cpl9NrtM
  • Missed today's Cross-Market Weekly Outlook webinar? See the recording here - https://t.co/5IzIKPVcjn The focus this week was on potential for a broad US Dollar rebound, with an eye on #EURUSD, #AUDUSD and #gold
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.01% 🇨🇦CAD: -0.01% 🇯🇵JPY: -0.07% 🇪🇺EUR: -0.19% 🇳🇿NZD: -0.21% 🇨🇭CHF: -0.37% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/ZK6i5FuWCO
  • Triangle patterns have three main variations and appear frequently in the forex market. These patterns provide traders with greater insight into future price movement and the possible resumption of the current trend. Learn about triangles here: https://t.co/7FV2JAxssO https://t.co/RqjV3yyClM
Gold Price Bid as US President Trump Warns of New European Tariffs

Gold Price Bid as US President Trump Warns of New European Tariffs

2019-12-03 10:30:00
Nick Cawley, Strategist

Gold Price Forecast, Technical Analysis and Charts:

  • US looking to impose 100% tariffs on $2.4 billion of French imports.
  • Gold battling technical levels, breakout nears.

Brand New Q4 2019 Gold Forecast and Top Trading Opportunities

DailyFX Interactive Global Commodities Infographic

Gold Analysis – US ups Trade War with Europe, Risk Assets Sag

The United States has threatened to apply 100% tariffs on a range of French goods, saying that the recent French digital tax is unfair. US trade representative Robert Lighthizer said late Monday that the US will ‘take action against digital tax regimes that discriminate or otherwise impose undue burdens on US companies.’ A range of French products, including champagne and cheese, to the tune of $2.4 billion could be affected by the new tariffs. European equities slipped lower in early turnover, apart from the DAX which is recouping part of Monday’s heavy losses.

Adding fuel to the risk-off move, US President trump told reporters at today’s NATO meeting in London, that recent comments from President Macron that NATO is ‘brain-dead’ are disrespectful and that Germany are not their ‘fair share’ to NATO. In addition, President trump said that he was not going to get involved in the UK elections and that he hadn’t thought about the vexed issue of the NHS in any US-UK trade deal.

Against this mini-flare in US-EU relations, gold has picked up a small bid and is currently battling to break above the 20-day moving average and the 23.6% Fibonacci retracement level. The short-dated ma sits around the $1,463/oz. level while Fibonacci retracement is a fraction higher at $1.463.5/oz.Over the last week gold has picked up around $15 with the daily chart making a series of short-term higher lows, while volatility – measured by ATR – remains at multi-month lows. The first area of resistance is between $1,479/oz. (November 20 high) and $1,481/oz. (50-dma) before $1,500/oz. comes into play.

Psychological Levels and Round Numbers in Forex Trading

Gold Price Forecast Chart (April – December 3, 2019)

Gold Price Moving Higher on the Daily Chart

How to Trade Gold: Top Gold Trading Strategies and Tips

IG Client Sentiment shows that how traders are positioned in a wide range of assets and markets. Retail customers are 77% net-long gold, a bearish contrarian bias.

Traders may be interested in two of our trading guides – Traits of Successful Traders and Top Trading Lessons – while technical analysts are likely to be interested in our latest Elliott Wave Guide.

What is your view on Gold – bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author at nicholas.cawley@ig.comor via Twitter @nickcawley1.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.


News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.