Optimuss2

Optimuss2

World gold price stood at 1,950 USD/ounce, a sharp increase of 18 USD/ounce compared to last week's closing session. After hitting a 7-month low and experiencing a series of 9 consecutive days of decline, gold prices have begun to recover since last week's session. It is predicted that gold prices will decrease this week. However, the precious metal appears to...

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The price of gold is currently trading quietly, with little movement and continuing to trend sideways. It is expected that the price remains unchanged from the start of today's trading session. The USD and bond yields continue to pose a threat to gold, as any attempts to increase its price are being suppressed. However, today's trading session appears to be...

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Important resistance: 1929-1931, 1945-1947 Important support: 1912-1910, 1902-1900 Fundamental analysis: Since the most recent monetary policy meeting, the US Federal Reserve's (Fed) strong policy stance that interest rates will stay "higher for longer" continues to damage gold as prices hold. near the lowest level since March. Yesterday, Gold had a time...

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⚡️Market news Gold prices were healing early Thursday, holding near their lowest since mid-March set Wednesday at $1,973. The US Dollar (USD) is at a 10-month high against its major peers, tracking persistent strength in US Treasury yields. ⚡️Optimus's point of view Gold's closest support zone is 1872-1874 The further support zone is 1855-1857 When the near...

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🌹Gold price today continued to decline to 1,818 USD/ounce, equivalent to a decrease of 0.55%. This is the lowest price of the world gold market in the past 10 months. 🌹Gold weakened in the context of increased demand for holding greenbacks, creating momentum for the USD Index to sometimes increase from 106.17 points to 106.9 points, helping the USD increase in...

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True to yesterday's forecast, the price of gold continues its descent into a deep pit. Public expenditure in the US is currently at a record level, and the budget deficit is also very high. As a result, inflation will be high and will force interest rates to rise. The Federal Reserve (Fed) has signaled that it will continue to raise interest rates and maintain...

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⚡️Market news Gold hit a 6-1/2-month low on Wednesday as support at $1,900 an ounce since early August collapsed amid continued investment flows from the yellow metal to the dollar and treasuries. silver. The most active gold futures contract on New York's Comex, gold for December delivery, was steady at $1,890.90 an ounce, down $28.90, or 1.5%. Gold's previous...

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Let's explore the market today with Ad! Yesterday witnessed gold continuing to decline from $1875 to $1866 in today's trading session. This is the lowest number in several months. High bond yields and a strong USD continue to weigh on the precious metal. With the Fed maintaining its trend of tightening interest rates and the unfavorable market conditions for...

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As expected, yesterday we witnessed a very unique performance in gold with a significant decrease. Gold actually fell to $1900/ounce, facing selling pressure from the rising US Dollar (USD). However, this is also considered an important support level because it was previously a milestone marking the development of gold prices pushing to higher levels. In terms of...

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The Gold market experienced significant volatility last week as news of the US interest rate pushed prices without any substantial breakthrough. On Wednesday, Gold approached resistance around 1945 and then sharply declined when the Fed announced interest rates. The high USD interest rates will exert strong pressure on the financial market until the end of...

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Gold prices are recovering from weekly lows of $1,914 ahead of a busy Friday, with preliminary global PMI data releases. The US Dollar (USD) is temporarily breathing heavily even though US Treasury bond yields are setting new multi-year highs. The 14-day Relative Strength Index (RSI) indicator is just below 50, raising doubts about a recovery in Gold prices. On...

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⚡️Market news The United States Dollar (USD) has entered a phase of consolidation, with prices reaching near six-month highs compared to its major counterparts. This upward momentum is supported by the recent recovery in US Treasury bond yields and widespread risk aversion sentiment. Traders, who are risk-averse by nature, have been cautious ahead of the Federal...

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⚡️Market news Currently, the price of gold on the exchange is still performing well and trading steadily around the $1932 mark, which is an increase of approximately $7 compared to the same time yesterday. This indicates that gold continues to remain attractive without losing its appeal. This week, the FED will announce new monetary policies and provide updated...

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⚡️Market news Gold prices traded more steadily on Friday, thanks to supportive policy measures and strong business activity data from China. These factors boosted market sentiment and dampened the safe-haven demand for the US dollar, limiting its recent appreciation. Furthermore, concerns about low yields on US Treasury bonds also provided additional support for...