Signals and analysis OANDA:XAUUSD Gold price managed to settle Tuesday above the descending trendline resistance, then at 1,890$, as it moved away from multi-month troughs. Gold buyers now need acceptance above the 1,900$ round figure to take on the upward-sloping 200-Daily Moving Average (DMA) at 1,909$. A sustained move above the 200 DMA barrier will open...
Analysis and signals OANDA:XAUUSD Gold prices consolidate within the range below the $1,900 mark during the Asian session. Federal Reserve expectations strengthen the US Dollar and limit the upside. Weaker exposure will support and help limit losses to the safe-haven OANDA:XAUUSD The daily chart of the OANDA:XAUUSD pair shows that the downtrend is still...
Expectation strategy OANDA:XAUUSD Gold temporarily ignores the view of the small frame, with the h4 view, the rsi indicator currently shows that it is in the oversold area, the price is also far away from the ema range calculated for chart D1, which means this area is no longer the best selling area if you look at it. long-term. Calculating the decline phase...
Strategy and signal analysis TVC:GOLD TVC:GOLD fell to a five-month low on Thursday as US Treasury yields edged higher and a strong dollar delivered a one-of-a-kind punch to the non-ferrous metal bulls TVC:GOLD Minutes of the Fed's July meeting showed on Wednesday that most members of the rate-setting committee were in favor of higher rates to curb...
Gold analysis today TVC:GOLD Gold price is consolidating losses in early Thursday's trading, having touched the lowest level in five months at $1,890. TVC:GOLD sellers are bidding time before the next push lower, as the United States Dollar (USD) continues to garner demand heading into a fresh batch of mid-tier US economic data. Gold price extended its...
Today's Strategy Analysis OANDA:XAUUSD Gold weakened because the dollar in the international market skyrocketed in the past few days in the context of the Fed's tight monetary policy. The dollar index gained 0.2%, making gold more expensive for buyers holding other currencies. Reflecting investors' lack of optimism about the gold price outlook, the world's...
Strategic analysis OANDA:EURUSD Today's rich agenda is completed by the Minutes from last Fed's meeting, Housing starts and industrial production in the United States. Once again yesterday's reaction of the European currency up to the levels of 1,0950 confirmed my thought that despite the pressures that the Euro receives , every time it hits some local lows ...
Signals for August 16 TVC:GOLD Gold hovers around the $1,901 mark during the Asian trading session on Wednesday. An upbeat United States (US) Retail Sales have raised concerns over further tightening of monetary policy by the US Federal Reserve (Fed) weighed on OANDA:XAUUSD price the previous day. Bears are in control near term, as the 4-hour chart shows...
Trading strategies TVC:GOLD : TVC:GOLD price declined due to pressure from the rise of USD. This morning, the US Dollar Index, which measures the volatility of the greenback, exceeded 103 points, taking away TVC:GOLD the attractiveness of TVC:GOLD . Interest rates did not decrease, causing investors to continue withdrawing capital from TVC:GOLD ...
Technical outlook OANDA:XAUUSD : In the near term, and according to the 4-hour chart, the falling EMAs lead lower, now providing dynamic resistance around $1920.30. The longer moving averages are still much higher than the shorter moving averages, while providing a downward slope, while technical indicators have bounced from intraday lows but are still in...
Signal has been identified OANDA:XAUUSD From a technical perspective, bearish traders need to wait for a sustained break below the very important support of the 200-day Simple Moving Average (SMA), currently pegged around the $1903 area. -$1902, before preparing for further losses. Some subsequent selling below the $1,900 mark will confirm a fresh breakdown...
Today's review OANDA:XAUUSD Last week, international gold prices continued to fall as the US Dola Index and 10-year Treasury yields on the rise for the fourth consecutive week. US consumers have begun to stress more in living and saving in spending due to continuously rising US interest rates. Force the Fed to stop raising interest rates if it doesn't want...
Weekend Strategy TVC:GOLD Gold price continued its downtrend, the dollar rebounded after US inflation data. The US Department of Labor said the consumer price index (CPI) increased 3.2% in the 12 months to July 2023, up from 3% increase in June 2023, the smallest annual increase since July 2023. March 2021. Technically, nothing seems to change for Gold...
Strategic forecasting TVC:GOLD Therefore, Gold price is making another recovery attempt from four-week troughs of $1,914 early Thursday. Markets trade with caution, reflective of the mixed tone in the Asian indices even though the US S&P 500 futures post small gains. Investors resort to adjusting their US Dollar positions ahead of the all-important CPI...
Signals for a new day OANDA:XAUUSD Technically, Gold price remains exposed to downside risks, as the 14-day Relative Strength Index (RSI) continues to hold below the midline, despite the latest bounce. A hot US inflation report will revive the selling interest around the Gold price, smashing it through the key support near the $1,910 region to challenge...
My strategy TVC:GOLD for today After the US Dollar sold off due to mixed US labor market data, the Greenback regained some bullish momentum against its major currencies at the start of the week, capitalizing on market anxiety. market ahead of important inflation data releases from both China, as well as the United States. Gold prices continue to face...
Analysis TVC:GOLD It’s worth noting, however, that the Relative Strength Index (RSI) line, placed at 14, remains below 50.0 and suggests bottom-picking, which in turn highlights the 61.8% Fibonacci retracement of the Gold Price run-up from late February to May, near $1,910. In a case where the XAU/USD drops below $1,910, the $1,900 round figure will precede...
OANDA:XAUUSD Gold price attracts some selling following an early uptick to the $1,946 area during the Asian session on Monday and drops to a fresh daily low in the last hour. The XAU/USD currently trades around the $1,940 region and for now, seems to have stalled its modest recovery move from the lowest level since July 11 touched on Friday. The closely-watched...