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...
Gold prices remained subdued on Wednesday as the U.S. dollar gained strength following hawkish remarks made by Jerome Powell at a central banking forum hosted by the ECB. By late afternoon, the XAU/USD was down by approximately 0.15% to $1,910, approaching its lowest level since March 15 and heading towards a monthly decline of over 2.5%. During a panel...
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...
Friday’s rebound in gold prices came on the back of diminishing open interest and suggests that the continuation of the rebound appears unlikely for the time being. In the meantime, the yellow metal remains bolstered by the $1910 per troy ounce for the time being. Today, Gold price still stays at $1920 - $1930 Can SELL zone at SELL GOLD $1931- $1934, Sl 1944...
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