XAUUSD – 13 Aug 2024
XAUUSD – 13 Aug 2024 On the daily timeframe, XAUUSD showed a trend reversal after previously experiencing a significant bullish trend. Gold reached a price position of 2472.25, but then declined after failing to break the resistance line. Although currently in a bearish trend, gold’s position is still above the kumo cloud, which indicates that […]
Australian Consumer Confidence Rises: Rate Cut Hopes Fuel Optimism
Australian Consumer Confidence Rises: Rate Cut Hopes Fuel Optimism Australian consumer confidence saw a notable increase last week, driven by rising expectations that the Reserve Bank of Australia’s (RBA) next move could be to lower interest rates. Despite this boost, the overall level of confidence remains subdued, reflecting ongoing concerns about a potential recession in […]