Fundamental Descriptions: Gold was down on Friday morning in Asia but set for its first weekly gain since mid-April 2022. The dollar retreated from two-decade highs and growing concerns over U.S. economic growth saw investors turn to the safe-haven asset. Gold Price extended the previous rebound and stormed through the critical 200-Daily Moving Average (DMA), now...
Fundamental Descriptions: Gold was down on Thursday morning in Asia, with a steady dollar and elevated Treasury yields weighing on the greenback-priced bullion, whose outlook has already been dampened by the U.S. Federal Reserve’s aggressive stance on inflation. Global growth fears resurfaced and triggered a flight to safety theme across the board, reviving the...
Fundamental Descriptions: Gold was down on Wednesday morning in Asia, with the dollar continuing its retreat from a 20-year high and countering pressure from stronger Treasury yields. Gold drops for the second consecutive day, taking offers around 1808 to refresh the intraday low heading into Wednesday’s European session, as sour sentiment joins the firmer US...
Fundamental Descriptions: Gold was up on Tuesday morning in Asia, even as the dollar slowly resumed an upward trend. A sustained move under 1830 will signal the return of sellers. If this creates enough downside momentum then look for a retest of the intraday low at 1785, followed by 1783.80 mark. Technical View: Attempted recovery move stalled just ahead of the...
Fundamental Descriptions: Gold was down on Monday morning in Asia, climbing up from a more than three-month low hit in the previous session. Lower U.S. Treasury yields kept demand for gold afloat above the $1,800 mark. Marking its fourth consecutive weekly decline, the yellow metal fell more than 1% on Friday to its lowest level since Feb. 4 at 1798.86, before...
Fundamental Descriptions: Gold was down on Thursday morning. Investors are digesting the U.S. consumer price index (CPI), which suggested inflation remains high but has peaked in April, easing some concerns about more aggressive interest rate hikes from the Federal Reserve. Looking ahead, Gold Price will continue to remain at the mercy of the US dollar price...
Fundamental Description: Gold was down during early hours in Asia, hitting its lowest level since February 11, as investors eyed the rising dollar and inflation data. " I know that families all across America are hurting because of inflation,” U.S. President Joe Biden said in a speech a day before the release of Consumer Price Index (CPI) data. Technical View:...
Fundamental Descriptions: Gold was up on Tuesday over the weakening dollar. Investors now await inflation data. The precious metal has become more precious as a rebound in the positive market sentiment has trimmed the US dollar index safe-haven appeal. Worries over the impact of the Chinese covid curbs on the world’s no. 2 economy aggravated after the country...
Fundamental Descriptions: Gold portrays the risk-aversion wave during early Monday morning in Europe as it drops below the short-term key support, now resistance around $1,875. Market sentiment sours as China’s covid conditions, G7 sanctions on Russia join fears of Fed’s faster rate hikes. Despite Friday’s rebound, the path of least resistance for Gold Price...
Fundamental Descriptions: Gold Price has regained some strength as responsive buying kicks in after the precious metal tumbled to near $1,866.15 in the Asian session. Gold is likely to trade lackluster in the European shift as investors are on the sidelines ahead of the release of the NFP. The Fed on Wednesday hiked its interest rate to 1%, and the Bank of England...
Fundamental Descriptions: Gold Price is capitalizing on an overdue correction in the US dollar, as the Fed poured cold water on aggressive tightening bets. Fed Chair Jerome Powell explicitly said Wednesday that the US central bank is not considering a 75 bps rate hike in June, sounding a less hawkish tone than markets had expected. Powell also appealed to...
Fundamental Descriptions: Gold was down on Wednesday morning in Asia as U.S. Treasury yields rose and the upcoming policy decision from the U.S. Federal Reserve dented demand for the yellow metal. The Fed is widely expected to announce a big interest rate hike in an effort to curb high inflation when it hands down its policy decision later in the day. The Federal...
This for long term investment Look at the chart market made a Bullish Gartley pattern according to bullish Gartley 'D' is buying point market made d point or will be it means buying let's check traget so our target will be 1990 ! It is not for short term investment ! ! high risk = high reward !
Gold looks a very good buy with a small SL. Having corrected 10% from recent highs and a good support in the region around 1830-40$, Gold is screaming buy.
Fundamental Descriptions: Gold was up on Friday, as worrying U.S. GDP data drove some investors towards the safe-haven asset. However, the yellow metal is set for its biggest monthly drop since September 2021 as the U.S. Federal Reserve widely expected to aggressively hike interest rates. Month-end flows combined with profit-taking have triggered a sharp...
Fundamental description: Gold Price is attempting a recovery from two-month lows of $1,872, heading back towards the $1,900 threshold. Investors resort to profit-taking in their US dollar long positions following the latest upsurge while progressing towards critical America’s Q1 preliminary GDP release. The world’s largest economy is likely to see a dramatic...
Possible reversal areas fdor gold | possible buying areas xauusd
Fundamental Description: Fundamental remains almost same for the gold during past 20 hours. As we can observe from the movement of gold that it is trading in the range of $1896-$1907. ECB president Lagarde speech is due for today. Meanwhile, Russia halted gas supplies to Poland and Bulgaria until payment are made in Rubles. Headlines from Russia provided some...