GOLD today. Continues to draw in safe haven investments
🌷US Dollar, Treasury Yields, Israel, Federal Reserve, GVZ Index - Talking Points
- Gold prices appear to be comfortably above the USD level during Wednesday's trading session
- Treasury yields after hitting new highs again but gold seems unaffected by that
- The US dollar has been volatile despite global instability. Will XAUUSD continue to rise?
🌷World gold price stood at 1,937 USD/ounce, a sharp increase of 22 USD/ounce compared to the same hour yesterday morning. The precious metal is holding its position high as a haven despite US government bond yields rising to multi-year highs.
🌷Two-year Treasury notes traded at 5.24% for the first time since 2006 on strong economic data. US retail sales in September exceeded forecasts, causing Treasury bond yields to increase. The US Dollar rose against the British Pound, Yen and Canadian Dollar, but remained mostly stable elsewhere. RBA signals a more hawkish stance on the Australian Dollar.
🌷The geopolitical situation in the Middle East has supported gold as a safe-haven asset, despite the usual challenge posed by rising returns on low-risk assets such as Treasury bonds. Resolution of the situation seems distant as it continues to develop.
🌷The XAUUSD market will continue to attract safe haven flows due to the Israel-Hamas conflict. If there are signs that the Fed is nearing the end of this rate hike cycle, that would be good for gold, even if we don't get any rate cuts anytime soon. It is forecasted that gold will fluctuate in the range of 1,900 USD/ounce until there is some ceasefire or the conflict subsides.
Plan trading
SELL GOLD 1951-1953
SL 1955
TP 1940
BUY GOLD 1935-1937
SL 1932
TP 1950
- Gold prices appear to be comfortably above the USD level during Wednesday's trading session
- Treasury yields after hitting new highs again but gold seems unaffected by that
- The US dollar has been volatile despite global instability. Will XAUUSD continue to rise?
🌷World gold price stood at 1,937 USD/ounce, a sharp increase of 22 USD/ounce compared to the same hour yesterday morning. The precious metal is holding its position high as a haven despite US government bond yields rising to multi-year highs.
🌷Two-year Treasury notes traded at 5.24% for the first time since 2006 on strong economic data. US retail sales in September exceeded forecasts, causing Treasury bond yields to increase. The US Dollar rose against the British Pound, Yen and Canadian Dollar, but remained mostly stable elsewhere. RBA signals a more hawkish stance on the Australian Dollar.
🌷The geopolitical situation in the Middle East has supported gold as a safe-haven asset, despite the usual challenge posed by rising returns on low-risk assets such as Treasury bonds. Resolution of the situation seems distant as it continues to develop.
🌷The XAUUSD market will continue to attract safe haven flows due to the Israel-Hamas conflict. If there are signs that the Fed is nearing the end of this rate hike cycle, that would be good for gold, even if we don't get any rate cuts anytime soon. It is forecasted that gold will fluctuate in the range of 1,900 USD/ounce until there is some ceasefire or the conflict subsides.
Plan trading
SELL GOLD 1951-1953
SL 1955
TP 1940
BUY GOLD 1935-1937
SL 1932
TP 1950
Comment:
gold break out 1948. up date new strategy
Comment:
are you ready for signals today
Comment:
gold break out 1960 . SELL GOLD now. SELL scalping 1962
