1. AUD/USD Analysis:
News Summary:
Economists at Moody said Australia's latest inflation data provided the case for a rate cut, but a rise in job vacancies would give the Reserve Bank of Australia pause. Underlying inflation corrected in November, returning to September's two-and-a-half-year low. But job openings also rose for the first time since May 2022, suggesting the labor market is tightening. The impregnable labor market is a concern for the RBA, with the unemployment rate needing to rise before it is confident enough to cut interest rates.
Trend Analysis:
We can see AUD/USD fluctuated at a low level and ran below the 48 hours moving average on H4 chart. On the other hand, the MACD double line and energy column converge below the zero axis. The sell limit could be placed, stop loss is necessary.
Today's Key Price Levels:
Key Support Levels: [0.6130]
Key Resistance Levels: [0.6270]
Pivot Points [0.6230]
2. Gold Analysis:
News Summary:
Gold is more likely to outperform this year as the year progresses, given safe-haven inflows, inflation hedges and geopolitical tensions, as well as trade wars. But even as investors look for opportunities to buy the dip, the pullback from all-time highs is not over yet. Futures market positioning reports show investors remain heavily net-long but are not in an extreme state of sentiment.
Trend Analysis:
We can see gold H4 level fluctuated and rebounded and ran above the 48 hours moving average. In addition, the MACD double line and the energy bar have formed top divergence above the zero axis. The sell limit could be used, stop loss is mandatory.
Today's Key Price Levels:
Key Support Levels: [2643]
Key Resistance Levels: [2710]
Pivot Points [2690]