Gold price prediction: XAU/USD is facing difficulties near its lowest point in several months and appears to be at risk of further decline. The price of Gold is being negatively influenced by central banks taking a more aggressive stance. Major central banks, including the European Central Bank (ECB) and the Bank of England (BoE), have indicated the possibility...
The USD is being supported by higher US bond yields, which is limiting the upside potential of XAU/USD. Meanwhile, Fed Chair Jerome Powell has restated that the Fed is likely to raise interest rates twice this year and does not expect inflation to reach the target of 2% until 2025. These statements, combined with positive US macro data released on Thursday, have...
The XAU/USD pair is being negatively affected by the moderate strength of the US Dollar. The Federal Reserve Chair, Jerome Powell, has stated that there may be two rate increases this year, and it is possible that the next policy meeting on July 25-26 could result in a lift-off. Powell also mentioned that he does not expect inflation to reach the Fed's 2% target...
Powell hints at 2 more hikes, sends gold lower The US dollar rose on Wednesday after the gathering of central bank leaders worldwide, which included Federal Reserve Chair Jerome Powell. During the meeting, Powell left open the possibility of the Federal Reserve implementing two more rate hikes this year. Furthermore, Powell stated that he does not anticipate...
Bullish Cypher Gold Cmp - 58940 Buy PRZ - 59039/58921 SL - 58400 Target - 60000/60400
Investors will be closely watching speeches by top central bank officials this week, including ECB President Christine Lagarde, BoE Governor Andrew Bailey, Fed Chair Jerome Powell, and Bank of Japan Governor Kazuo Ueda. These speeches will be given at a panel discussion in Sintra on Wednesday. Additionally, Tuesday's US economic releases, such as Durable Goods...
GOLD USD is showing 5% upside possibility in next 25 days. 5% on Indian Gold is 3000 points move from current Levels LTP - 58400 SL - 57900 Targets - 61000+ Timeframe -25 days
Gold Daily Chart is showing some strength & it can bounce back to ATH in coming Months. LTP 59300 SL 58450 Targets 61500+ Timeframe 30 days till July End.
Gold has been consolidating. This is a break out and retest patter. currently GOLD is retesting and up side move can be expected if the support is able to hold
According to my analysis, the next target of XAUUSD will be 1980-2010-2036-- lets see ? good luck
In one day time frame we can see a w pattern is forming and trading. My view on Gold is trading at a fare value my view is to buy some quantity. After breaking the neckline of w enter as your risk. With a small stoploss. Buying zone Target and stop loss everything is mentioned in chart. It will take around 1 to 2 months to reach Target 🎯
Gold 4 R:R trade 1. Strond support (1956-1951) 2. Strong Resistance (1974-1984) 3. USD is becoming weaker because of poor economical events. 4. 200 EMA is below the price on daily basis 5. proper price action we can see on gold disclaimer: This Analysis is only for (09Jun -17Jun)
TVC:GOLD price seesaws around the intraday high as it prints slight gains after dropping the most in a week the previous day. Even so, TVC:GOLD remains indecisive on a weekly basis as markets struggle to find clear direction amid a blackout ahead of the Fed and mixed feelings on growth concerns Global. Organization for Economic Co-operation and Development...
Gold price in a three-day rally near $1965 as the US Dollar remained bearish early Wednesday. In doing so, the precious metal also cheered hopes for more China stimulus and cautious optimism in the market amid the Federal Reserve's (Fed) policymakers' disapproval. any speech due to a power outage before the FOMC, as well as due to a light schedule. That said, the...
The price of gold rebounded after hitting a low point not seen in over two months. This was due to the recent data showing that the US services sector had experienced minimal growth in May, which halted several months of strong market growth. The weakened dollar was also beneficial to metal markets, with gold being a safe-haven asset. However, it is expected that...
NFP report: How Will it Shape the Gold Trend? Gold prices experienced a rise on Tuesday and Thursday (sideways on Wednesday), driven by traders' expectations of another interest rate hike by the US Federal Reserve. But is the medium-term downtrend really over? One fundamental indicator that can help answer this question is the nonfarm payrolls, due to be...
1) Weekly Timeframe is bearish 2) Daily Timeframe is retracing back to the structure 3) 4HR has switched from bullish structure from bearish structure
Bullish Butterfly Buy PRZ - 59282-59338 SL - 50149 Target - 59700/59850/60000