{"id":133088,"date":"2018-09-03T10:27:45","date_gmt":"2018-09-03T14:27:45","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=133088"},"modified":"2018-09-03T05:29:02","modified_gmt":"2018-09-03T09:29:02","slug":"xaueur-forex-analysis-global-risks-support-gold-prices-in-euros","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/09\/xaueur-forex-analysis-global-risks-support-gold-prices-in-euros\/","title":{"rendered":"XAUEUR Forex Analysis – Global risks support gold prices in Euros"},"content":{"rendered":"
September 3, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

Global risks support gold prices in euros<\/strong><\/p>\n

Gold prices fell in August for the 5th consecutive month, for the first time since 2013. Is there a possibility for gold prices to correct up and will the XAUEUR<\/a> rise?<\/p><\/blockquote>\n

The US dollar may be in demand amid the Fed’s plans to raise the rate at the next meeting on September 26. Before the end of the current year, the US regulator can do this twice. In turn, another budget crisis is planned in the. This time – in Italy, where the government deficit has already reached 3% of the GDP of the entire European Union. This weakens the euro. Additional negative factors for the single currency may be the plans to raise import duties on European cars in the US. In turn, the demand for gold is still preserved despite the strengthening of the US dollar. The strengthening of global risks amid increasing US import duties on Chinese goods worth $200 billion a year, scheduled for the end of this week, also contributes to this.<\/p>\n

\"XAUEUR\"<\/p>\n

On the daily timeframe, XAUEUR: D1<\/b> approached the upper boundary of the falling channel. It must be overcome before opening a buy position. A number of technical analysis indicators formed buy signals. The further price increase is possible in case of the strengthening of such global risks as the budget crisis in Italy and the trade war between China and the US.<\/p>\n