Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
Access both platforms from your single Saxo account.
Technical Update - Gold and Silver resuming uptrend. Platinum uptrend could be imminent
Kim Cramer Larsson
Technical Analyst, Saxo Bank Group
Summary: Gold and Silver have both bounced from 0.786 Fibo retracement thus resuming uptrends.
Gold could climb to 2,070-2,100.
Silver eyeing 25,50-26,00
Platinum on the verge to confirming bullish trend. 952.30 is key
Gold XAUUSD bounced off the 0.786 retracement at 1,975 resuming uptrend supported by RSI bouncing from above the 40 threshold
As highlighted in previous Technical Update and the Daily Technical Update video’s; there is no divergence on RIS suggesting likely new higher XAUUSD levels
Currently testing the lower rising trendline and the 0.382 retracement at 2,034 Gold could experience a minor setback before moving higher. A move to the 0.618 retracement at around 2,071 is in the cards, possibly up to 2,100
The bullish picture is supported by all daily Moving Averages are rising, 55 DMA has performed a Gold Cross on both the 100 and the 200 Moving Average underlining the underlying bullish trend
To demolish this bullish picture a close below 1,973 is needed
Silver XAGUSD sell-off pushed the precious metal below the 0.786 retracement at 22.75 but never to close below.
Despite RSI did close below 40 threshold the strong rebound yesterday has changed the picture.
Silver is back above the 0.382 retracement likely to reach 0.618 retracement at 24.62 shortly.
An RSI close back above 60 threshold will further confirm bullish picture where Sivler an move back to 25.50-26 levels.
To demolish this bullish scenario a break back below 22.50 Platinum XPTUSD is close to be testing the key resistance at around 952.30. A close above and Platinum has confirmed and uptrend. A close above 952.30 will also very likely push RSI to close above 60 threshold thus further confirming uptrend.
A bullish move to 990-1,000 is in the cards Latest Market Insights
Quarterly Outlook
-
-
Quarterly Outlook
Equity Outlook: Will lower rates lift all boats in equities?
Peter Garnry
Chief Investment Strategist
After a period of historically high equity index concentration driven by the 'Magnificent Seven' sto... -
Quarterly Outlook
FX Outlook: USD in limbo amid political and policy jitters
Charu Chanana
Chief Investment Strategist
As we enter the final quarter of 2024, currency markets are set for heightened turbulence due to US ... -
Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
The Fed started the US rate cut cycle in Q3 and in this macro outlook we will explore how the rate c... -
Quarterly Outlook
Commodity Outlook: Gold and silver continue to shine bright
Ole Hansen
Head of Commodity Strategy
-
Quarterly Outlook
FX: Risk-on currencies to surge against havens
Charu Chanana
Chief Investment Strategist
Explore the outlook for USD, AUD, NZD, and EM carry trades as risk-on currencies are set to outperfo... -
Quarterly Outlook
Equities: Are we blowing bubbles again
Peter Garnry
Chief Investment Strategist
Explore key trends and opportunities in European equities and electrification theme as market dynami... -
Quarterly Outlook
Macro: Sandcastle economics
Peter Garnry
Chief Investment Strategist
Explore the "two-lane economy," European equities, energy commodities, and the impact of US fiscal p... -
Quarterly Outlook
Bonds: What to do until inflation stabilises
Althea Spinozzi
Head of Fixed Income Strategy
Discover strategies for managing bonds as US and European yields remain rangebound due to uncertain ... -
Quarterly Outlook
Commodities: Energy and grains in focus as metals pause
Ole Hansen
Head of Commodity Strategy
Energy and grains to shine as metals pause. Discover key trends and market drivers for commodities i...
Disclaimer
The Saxo Bank Group entities each provide execution-only service and access to Analysis permitting a person to view and/or use content available on or via the website. This content is not intended to and does not change or expand on the execution-only service. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Saxo News & Research and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Saxo News & Research is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Saxo News & Research or as a result of the use of the Saxo News & Research. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. Saxo News & Research does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws.
Please read our disclaimers:
- Notification on Non-Independent Investment Research (https://www.home.saxo/legal/niird/notification)
- Full disclaimer (https://www.home.saxo/en-gb/legal/disclaimer/saxo-disclaimer)