What drives the gold price in 2024?

Check out the freshest trading insights                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         [FBS]( [[fbsanalytics] Analytics]( [Log in]( [FBS]( Exciting Week Ahead For AUDUSD! [FBS] Do you trade GBPUSD, {NAME}? The upcoming events may have a significant impact on the currency pair. • On September 24: Australia Interest Rate Decision. • On September 26: The US GDP QoQ. Click the button below for a detailed analysis. [Get insights]( [fbs] Top Gainers Last Week • Lumen Technologies, Inc. (#LUMN) +11.85% Lumen Technologies’ stock surged this week after positive investor sentiment grew over the company’s early tender results for unsecured notes, easing debt concerns by issuing $349.99 million in new notes. [Trade LUMN]( [FBS] • AUDJPY +3.74% AUDJPY rose due to stronger-than-expected Australian employment data, which reported 47.5K new jobs added (compared to the 26.4K forecast), while the Bank of Japan maintained its ultra-low policy rate of under 0.25%, putting pressure on the yen. [Trade AUDJPY]( [FBS] [fbs] Top Losers Last Week • Adobe Inc. (#ADBE) -10.25% Adobe’s stock fell this week after a disappointing Q4 revenue forecast overshadowed strong Q3 results. Investors reacted to lower-than-expected Digital Media ARR guidance of $1.9 billion and cautious enterprise spending. [Trade ADBE]( [FBS] • EURAUD -0.79% EURAUD declined due to strong Australian employment data, while weaker-than-expected Eurozone ZEW Economic Sentiment and a slightly lower current account surplus weighed on the euro. [Trade EURAUD]( [FBS] [FBS]( [android] GBPUSD GBPUSD is in a long-term bullish trend and has formed an inverted head-and-shoulders pattern. The price reached the neckline, crossing the upper Bollinger line. [FBS]( • If the price crosses the resistance at 1.3370, the upside target will be 1.3750; • However, if GBPUSD bounces, it may lead to a decline toward 1.3030. [android] NZDUSD In the Daily timeframe, NZDUSD is in a short-term bullish trend, forming a rising wedge pattern. The price has reached the upper boundary, with %R indicating a significant overbought condition. [FBS]( • A break above the 0.6260 trendline could push the price toward 0.6350. • A break of the lower trendline below 0.6220 may start the decline to 0.6125. [android] USDCHF USDCHF has formed a descending triangle pattern in its long-term decline. Despite the bearish trend, a divergence was formed in MFI. [FBS]( • If the bears push the price below the support at 0.8420, it may start falling to 0.8240, corresponding to 161.8 Fibonacci; • If the bears push the price below the support at 0.8420, it may start falling to 0.8240, corresponding to 161.8 Fibonacci; *FBS tips and analytics do not constitute a call to trade, trading advice or recommendation and are for information only. [Add to your portfolio]( [fbs]( Look For More Insights in Our Telegram You will find the most up-to-date trading ideas in our English-language Telegram channel. Moreover, you can connect with a community of like-minded traders here. Last week, 16 out of 21 ideas shared by FBS analysts were accurate. [CADJPY idea]( could’ve brought 1100 points. [USDJPY idea]( could’ve brought 2500 points. [Join the community]( [FBS]( Gold Price Forecast for 2024-2025 Curious about where gold prices are headed in 2024 and 2025? Our latest article dives into expert forecasts, key market drivers, and potential trends that could shape the future of gold. Don’t miss out on valuable insights that could inform your next trading move. [Learn more]( Was this email useful? [YES]( [NO]( [Help Center](  |  [Log in]( You received this email because you registered at [fbs.com](. If you have any questions, please contact us via email at support@fbs.com [google_play]( [apple_stor]( Risk warning: Before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience. [instagram]( [facebook]( [twitter]( [telegram]( [youtube]( [Web Version](  |  [About FBS](  |  [Unsubscribe]( Trusted by traders