Investors will be closely watching the upcoming speeches by top central bank officials, including Christine Lagarde, Andrew Bailey, Jerome Powell, and Kazuo Ueda. These speeches will provide valuable insights for investors. Additionally, on Tuesday, important US economic indicators such as Durable Goods Orders, the Consumer Confidence Index, New Home Sales, and...
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 has broken down from the consolidation from the flag pattern. Bearish overhang on the commodity is likely to continue in the near future and we can see some more correction coming in. There were a lot of gold positional longs and they will perhaps have the trailing stop loss triggered, that can lead to some fast moves on the downside.
xauusd trade analysis with high reward , lets run the setup and watch it
This can be a good buy entry. This is #smc based & multi confirm entry based, but You take your entry only after multiple confirmation And do take care of your risk management.
A short video on the gold and silver after the fall yesterday and looking at the longer term time frame to understand the key levels. Gold has been the worst performer while the rest are actually looking bullish. Silver has been outperforming gold and that is something that we need to be aware of as it is also used in the industry. Overall the base metals and...
GOLD Hourly breakout is confirmed from down trend ... Targets will be 2-3% upside in coming 5-8 days LTP - 60000 SL - 59600 Targets - 60800 to 61500 Time frame 2 weeks.
XAUUSD Technical Analysis Strong support: 1939 / 1914. Strong resistance: 1954 / 1965 Gold is testing sideways range support and several scenarios could develop from here. You have to be prepared for each one. It is forming a triangle pattern. A decline in the dollar will strengthen our gold. The moving averages indicate that consolidation is forming. If...
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...
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...
Gold Powerful 1:3 Trade = Down Trend = breaking their Support = Price below the 200 EMA = Positibe news For USD Coming soon (Bad for Gold) = Proper Price action
Gold Is Looking Bearish Till 56000 Gold Is Looking Bearish Till 56000 Gold Is Looking Bearish Till 56000 Gold Is Looking Bearish Till 56000 Gold Is Looking Bearish Till 56000 Gold Is Looking Bearish Till 56000 Gold Is Looking Bearish Till 56000 Gold Is Looking Bearish Till 56000 Gold Is Looking Bearish Till 56000
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...
GBPUSD is right now testing at weekly resistance and also been rising for last 6 weeks . It may seem for correction here at this moment with target at fib. retracement at 61.8 . Stop loss just above the weekly resistance . You can trade accordingly with proper risk management . Also , this week we have BoE interest rate decision in view and also the GDP report on...
Be cautious of trade today as it could be highly volatile environment due to different news today . Gold is forming bullish penant , if broken could lead gold to 2028 -30 levels before a correction. Happy trading , look for stop loss hunts due to great volume today.
Gold latest move in 1 hr time frame may breakout from symmetrical triangle and reach to 2005- 2012 📈 range before falling down . But if broken previous week high at 2015 may lead to test resistance at 2020. If not broken symmetrical triangle can lead to 1950-1960 📉 support range and will also broke the daily bear flag which will give the confirmation for further...