This recent up move is just a pullback which did not retested out ob it is heading back to retracement area of 0.7 and 0.5 lvl but for short time gold is like to hover within 0.5 - 0.7 level (59665 - 59385) and there after there is resistance above at 60150 cant fit in with good risk to reward for investing or value buying better to avoid fomo 59970 and...
Confirmation: 1: Rejection from channel pattern 2: Bearish Engulfing Candle
Gold price remains under some selling pressure for the second successive day on Tuesday – also marking the fifth day of a negative move in the previous six – and drops to a one-and-half-week low during the Asian session. The XAU/USD currently trades just below the 1,915 level, down over 0.10% for the day, and seems vulnerable to weaken further in the wake of...
-Per last week's move, we can see the price is in respect to the deemand zone and try to test the supply zone -Before reaching the supply zone, it should test the near deemand zone, which is 1913-1910 -Then expect to reach the supply zone, which is 1937-1937 And a minor retrace for a healthy upside. -The recent low is near 1901-1899 to break down the price....
Gold prices fell as US Treasury bond yields increased and reached their highest level in many years. DXY index reached its highest level in 6.5 months. The DXY index (which measures the greenback's fluctuations against 6 major world currencies) traded at 106.4 points. Daniel Ghali, senior commodity strategist at TD Securities, said investors should pay close...
Gold prices are recovering from weekly lows of $1,914 ahead of a busy Friday, with preliminary global PMI data releases. The US Dollar (USD) is temporarily breathing heavily even though US Treasury bond yields are setting new multi-year highs. The 14-day Relative Strength Index (RSI) indicator is just below 50, raising doubts about a recovery in Gold prices. On...
Here, is the chart of Gold, which looks slide from here.... What's your Outlook?
The Fed has emphasized the importance of maintaining higher interest rates for an extended period to bring inflation back to its 2% target. This stance has raised market expectations for at least one more 25-basis-point rate hike by the end of the year. Additionally, the Fed's "dot plot" now indicates only two rate hikes in 2024, down from the previous projection...
⚡️Market news Currently, the price of gold on the exchange is still performing well and trading steadily around the $1932 mark, which is an increase of approximately $7 compared to the same time yesterday. This indicates that gold continues to remain attractive without losing its appeal. This week, the FED will announce new monetary policies and provide updated...
⚡️Market news Gold prices traded more steadily on Friday, thanks to supportive policy measures and strong business activity data from China. These factors boosted market sentiment and dampened the safe-haven demand for the US dollar, limiting its recent appreciation. Furthermore, concerns about low yields on US Treasury bonds also provided additional support for...
SEPT #7 Risk 0.5% TP1 = 1:2 RR Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market...
Gold Daily Analysis Made here for better understanding to traders.. Trade Wisely for Intraday/ Short term trades.. All the Best Stay Blessed..
we have captured the down trend since the beinginng on trend change currently price has breached some fair value area and ob's from medium time frame as i have captured the big trend personally i wont be shorting instead will wait for my buying zone 58810 and 58665 is new current resistace 58275 and 58120 is the level where price would like...
GBP/USD clings to small daily gains but finds it difficult to surpass 1.2500 on Friday. The bullish opening in Wall Street makes it difficult for the USD to continue to outperform its rivals and helps the pair hold its ground heading into the weekend.
At the end of last Friday's session, GOLD had confirmation of a sideways accumulation around the 1916 - 1928 border after the price tried to push up past the 1928 peak but then sold back strongly during the night of Friday, which This shows the hesitation of investors before the US inflation announcement on Wednesday night this week. If we label the short-term...
US Dollar Index continues to recover while gold comes under some fundamental pressure holding back the upside as core US Personal Consumer Expenditure (PCE) Price Index (PCE) data for August improved a bit. little. The US Nonfarm Payrolls (NFP) report, due out today, is expected to bring huge volatility across the market as it will shape the Fed's capabilities...
Gold price today continued to maintain a downtrend and traded around 1925 usd/ounce. It can be seen that last night, the USD had a hot session again, causing gold to come under downward pressure and hit its lowest level in the past week. In the near future, the gold price may drop further to the threshold of 1,900 USD/ounce when the USD is still rising. If on...
Gold price regains positive traction and remains within the striking distance of a one-month top. Expectations that the Federal Reserve is down with its rate-hiking cycle underpin the XAU/USD. A positive risk tone might hold back bulls from placing aggressive bets and cap any further gains. On the hourly time frame, the ascending channel resistance was previously...