Gold 04/08 goes sideways waiting for non-agricultural news.Markets were now focused squarely on nonfarm payrolls data due later in the day, which is expected to show that the U.S. labor market remained steady through July.
Any signs of resilience in the labor market give the Fed more impetus to hike interest rates further, given that the bank is targeting some cooling in labor conditions as part of its crusade against inflation.
Framework H4 I'm working on. Gold can be seen moving sideways since the morning of April 8, very slight oscillation about 1930-1938. I think with such a large compression, tonight's NonFarm will be very strong, we should wait for the real news. then let's trade.
What are your ideas, let me know in the comments below. Thank!
Goldlongsetup
Gold today 08.08 is under pressure from copperFed interest rate instability causes gold to plunge seriously, Fed officials offered different views on future rate hikes by the central bank. Fed Governor Michelle Bowman said on Monday that more rate hikes may be needed to bring inflation closer to the Fed's annual target range.
on the 4-hour chart, we can see gold's bearish momentum developing, 1900 round resistance is not far away. please set up a sell order as soon as it breaks the bearish triangle/
What are your ideas let me know in the comments, thanks!
Gold today 09.08 hit a 1-month lowStrength in the dollar kept broader metal markets depressed, as investors awaited more economic cues from U.S. consumer price index (CPI) inflation data due on Thursday
Non-yielding assets such as gold and other precious metals logged steep losses this week. Spot gold steadied at a one-month low of $1,926.20 an ounce, while gold futures expiring in December were flat at $1,960.05 an ounce by 20:12 ET (00:12 GMT). Both instruments were trading nearly 1% lower for the week.
Dollar rise causes gold to plummet to the price zone 1922, the lowest level in the past 1 month, I think it will continue to decrease, we should play short,to be safe we should establish a buy order as soon as the price moves to the last support zone 1922 - 1925.
What is your idea? Let me know below in the comments! Thank.
06/06 - Gold runs in small frameGold price is currently fluctuating within a short-term trading range and is gradually approaching the recent support line.
In the event that gold price rises above $165, it could encounter stiff resistance at $173, leading to further declines.
However, if the gold price breaks through the $1,973 level, it is likely to gradually approach the $2,000 mark.
The $1555 price level is the needed short-term support and it is expected to be retested.
Therefore, I consider buying around 1952-1954 and selling gold around 1968.
Gold Chart - Bullish on Gold I am bullish on Gold. Strong support @ 1637 - 1600 and upper side targets are 1710-1750-1765-1780-1800