TVC:GOLD Moving ahead, there isn't any relevant market-moving economic data due for release from the US on Monday. Hence, traders will take cues from speeches by influential Fed officials, which might drive the US bond yields and the USD demand. Apart from this, the broader risk sentiment could provide some impetus to the Gold price. The fundamental backdrop,...
TVC:GOLD 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 GOLD 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 monthly...
TVC:GOLD Gold prices are looking to extend their previous rally ahead of the US NFP announcement. In the event that the US jobs data disappoints, gold prices are likely to recover above the falling 50-day moving average (DMA) at $1945. Triangle support also aligns at that level. Recall that Gold price confirmed a symmetrical triangle breakout on the daily chart...
OANDA:XAUUSD Gold prices are looking to extend their previous rally ahead of the US NFP announcement. In the event that the US jobs data disappoints, gold prices are likely to recover above the falling 50-day moving average (DMA) at $1945. Triangle support also aligns at that level. Recall that Gold price confirmed a symmetrical triangle breakout on the daily...
OANDA:XAUUSD Gold prices edged higher in the Asian session on Thursday and partially reversed the previous day's decline to the $1933-$1932 region, or three-week lows. XAU/USD is now trading with a slight positive bias around the $1,937-$1.938 region, up nearly 0.20% on the day, though any meaningful upside move seems to remain elusive. The US Dollar (USD)...
OANDA:XAUUSD Gold prices gained some positive traction during the Asian session on Wednesday and partially reversed the previous day's sharp decline to the $1941 region, or three-week low. However, XAU/USD is having a hard time capitalizing on modest gains on the day and is currently trading just below $1,950, still up more than 0.20% on the day. Today my...
OANDA:XAUUSD Gold prices remain below the $1,950 and $1970 trading ranges that previously limited the XAU/USD moves as market participants brace for the expected release of US employment and activity data. Dad this week. That said, the previous day's breakdown of the $1952 support confluence, resistance now serves as an immediate signal in favor of the Gold...
OANDA:XAUUSD CME Group gold futures market snapshot shows traders reduced their open interest positions in another session on Monday, this time by around 1.2k contracts. Volume followed and fell for the second straight session, currently nearing 50,000 contracts. A good start to the week saw gold prices rise further on Friday amid shrinking volumes and open...
OANDA:XAUUSD The US dollar is looking to stabilize after the Fed's near-weekly drop, limiting Gold's attempt to recover. A fresh rise in US Treasury yields helped bids below the US Dollar. However, a risk-on rally across Asia indices on rising expectations of Chinese stimulus could keep the Greenback bulls in check, supporting Gold prices. China's official...
OANDA:XAUUSD Gold price (XAU/USD) remains at intraday lows as it wins a two-day bullish streak while justifying a strong US Dollar and China concerns. According to our Technical Confluence indicator, Gold price retreats from the top of the $1950 and $1970 trading range as market participants prepare for the first data/event scheduled for the week. This. On the...
OANDA:XAUUSD Gold prices (XAU/USD) fell after a less confident recovery in Friday's European session as the greenback steadied further amid a likely recovery in the US economy. The precious metal faced the brunt of the stellar performance of the US economy in the second quarter, strong demand for durable products and already tight labor market conditions. The...
TVC:GOLD Gold prices attracted some buying power in the Asian session on Friday and partially reversed the previous day's sharp decline to a two-week low on upbeat macro data from the United States. GOLD is now trading around the $1,950 region, up 0.20% on the day, although the upside looks limited given the growing possibility of the Federal Reserve (Fed)...
OANDA:XAUUSD The 14-day relative strength index (RSI) heads north above the midline while the sloping 21 DMA is set to cross the 50 DMA to the upside, suggesting Bull Cross. Technical indicators still favor Gold buyers in the near term. On the downside, immediate support awaits at the intraday low of $1970, below which the 100 DMA of $1966 will come into play....
TVC:GOLD Gold prices rose on a daily basis, although XAU/USD established a new one-week low of $1,951.53 per troy ounce while holding below Monday's high of $1,967.85. The US dollar rose in the first half of the day as the gloomy mood favored the safe-haven currency. The dismal macroeconomic figures released these days show the fragile economic balance most...
EURGBP is about to pullback and we can see a good bullish movement so we are taking a target of 120 pips minimum and sl with 40 pips
The stock recently tested its long-time trendline support. If sustains above may go in an uptrend. And if breaks the levels of 7200 on a closing basis, then wait to come down to the lower horizontal support channel. As shown in the chart. Only for learning and sharing purposes. best of luck.
After a 5 month consolidation, gave a good breakout. now its in uptrend, good MACD buy. Can enter now and enjoy the uptrend with patience or can wait till ATH resistance breakout at 2896 above. if the earnings are impressive on NOV1st the stock may give good/high returns. Importantly the volume is under consolidation, one high volume trade is enough to break the...