Quarterly Outlook
Equity outlook: The high cost of global fragmentation for US portfolios
Charu Chanana
Chief Investment Strategist
You can access all of our platforms from a single Saxo account.
Technical Update - Gold testing key resistance. Will it break and stay above this time for further upside?
Kim Cramer Larsson
Technical Analyst, Saxo Bank
Gold (XAUUSD) is testing resistance at around 2,195, with potential for further gains if it sustains a close above this level
Gold (XAUUSD) is currently testing the resistance level at around 2,195. Despite surpassing this level last week, it did not manage a close above.
A daily close above 2,195 could open the path to higher levels, specifically in the 2,265 to 2,295 range, as suggested by the directional arrows in the analysis.
The blue vertical arrows is the previous trading range shifted higher.
The black arrows are illustrating the Fibonacci Extension from 1,984 - red Fibo levels.
The most recent correction after spiking to 2,223 followed by the collapse are the blue Fibonacci projections - right side of the chart.
1.764 projection of that correction at 2,273 is close to the 0.618 Extension at 2,276.
The RSI, a strentght indicator, is presently above its falling trendline. Should it close above this trendline, it would serve as a robust indicator that gold may continue its bullish trend.
However, it's crucial to monitor the key support level at 2,146. A daily close below this threshold could invalidate the current bullish sceanrio, potentially signaling a reversal in gold's uptrend
Latest Market Insights
Quarterly Outlook
-
-
Quarterly Outlook
Commodity Outlook: Commodities rally despite global uncertainty
Ole Hansen
Head of Commodity Strategy
-
Quarterly Outlook
Upending the global order at blinding speed
John J. Hardy
Global Head of Macro Strategy
We are witnessing a once-in-a-lifetime shredding of the global order. As the new order takes shape, ... -
Quarterly Outlook
Asset allocation outlook: From Magnificent 7 to Magnificent 2,645—diversification matters, now more than ever
Jacob Falkencrone
Global Head of Investment Strategy
-
Quarterly Outlook
Macro outlook: Trump 2.0: Can the US have its cake and eat it, too?
John J. Hardy
Global Head of Macro Strategy
-
Quarterly Outlook
Equity Outlook: The ride just got rougher
Charu Chanana
Chief Investment Strategist
-
Quarterly Outlook
China Outlook: The choice between retaliation or de-escalation
Charu Chanana
Chief Investment Strategist
-
Quarterly Outlook
Commodity Outlook: A bumpy road ahead calls for diversification
Ole Hansen
Head of Commodity Strategy
-
Quarterly Outlook
FX outlook: Tariffs drive USD strength, until...?
John J. Hardy
Global Head of Macro Strategy
-
Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy