Copper falls below $4 amid slowing global production. The outlook for the yellow metal remains hazy, especially with US interest rates set to remain higher in longer time this year. While gold is expected to benefit from the Fed's final rate cut next year, it is expected to receive limited support in the near-term. BUY GOLD zone 1932 - 1929 Stop Loss :...
Gold is in a very decisive phase. The movement from here can decide the trend for next couple of days. While 1940 is the important support, if this breaks we can see substantial downside in Gold. Holding on to 1940 levels can act as a support for another 30-40 points up which is the nearest resistance for it.
Hello traders! Today, I am sharing a strong trade idea for XAUUSD that could potentially result in profits. The gold price has been showing a bullish momentum, making higher highs and higher lows (HL) on the daily chart, indicating a potential uptrend. My suggestion is to consider buying XAUUSD from 1942.50, with a stop loss at 1935. The first target is at...
OANDA:XAUUSD The US dollar is looking to stabilize after the Fed's near-weekly drop, limiting Gold's attempt to recover. A fresh rise in US Treasury yields helped bids below the US Dollar. However, a risk-on rally across Asia indices on rising expectations of Chinese stimulus could keep the Greenback bulls in check, supporting Gold prices. China's official...
OANDA:XAUUSD Gold prices (XAU/USD) fell after a less confident recovery in Friday's European session as the greenback steadied further amid a likely recovery in the US economy. The precious metal faced the brunt of the stellar performance of the US economy in the second quarter, strong demand for durable products and already tight labor market conditions. The...
Hello Everyone welcome to Trading Idea, today we are updating chart of gold or XAUUSD for traders. Here are the details Gold is moving Up in Correction, So this is an Zig-Zag pattern Currently we are in Wave-E which is moving Up as price progressed, it will be clear where it will end. Well there can be further up...
TVC:GOLD Gold prices attracted some buying power in the Asian session on Friday and partially reversed the previous day's sharp decline to a two-week low on upbeat macro data from the United States. GOLD is now trading around the $1,950 region, up 0.20% on the day, although the upside looks limited given the growing possibility of the Federal Reserve (Fed)...
OANDA:XAUUSD The 14-day relative strength index (RSI) heads north above the midline while the sloping 21 DMA is set to cross the 50 DMA to the upside, suggesting Bull Cross. Technical indicators still favor Gold buyers in the near term. On the downside, immediate support awaits at the intraday low of $1970, below which the 100 DMA of $1966 will come into play....
TVC:GOLD Gold prices rose on a daily basis, although XAU/USD established a new one-week low of $1,951.53 per troy ounce while holding below Monday's high of $1,967.85. The US dollar rose in the first half of the day as the gloomy mood favored the safe-haven currency. The dismal macroeconomic figures released these days show the fragile economic balance most...
TVC:GOLD Gold prices reversed from two-week lows, catching up with a four-day downtrend, as China and central bank stimulus news boosted sentiment and GOLD prices. In doing so, GOLD traders portray the market's cautious optimism ahead of this week's top data/events. That said, headlines boosting hopes of China's stimulus measures and banking intervention from...
Gold 25/07 There are many disadvantages ahead. Gold's outlook is also uncertain as US interest rates are likely to stay higher for longer. The US has not escaped the recession, the fate of the economy is still in the hands of the Fed. BUY GOLD zone 1945 - 1947 Stop Loss : 1940 Take Profit 1: 1950 Take Profit 2: 1955 Take Profit 3: 1965 Note: Installing TP SL...
Gold prices established a new level of support amid persistent dollar weakness, while copper fell sharply on worries about importers. The yellow metal traded close to a one-month high, tracking the dollar's slide to 15-month lows after a series of weak U.S. inflation indicators fueled fish stocks. bet that the Federal Reserve is about to hit its highest interest...
Gold and Silver have both rallied strongly last week, they are now above the key resistance levels. Silver especially looks much better placed to rally compared to Gold. With the supports close by now there is a good chance that we see a good rally in the bullion.
Presently conditions look like Gold is near weekly and significant supply zone. There is a chance of retracement near 1936-1940. If the 4Hr price closed below 1933, sell on the rise and keep stop loss 1935.
Bullish Alt Shark Cmp - 58055 Buy PRZ - 58019/58126 SL - 57700 Target - 58900/59475/59900
gold at near resistance level look at levels getting resistance at level of 2076, may gold condition is strong
Inflation Cools, Gold Heats Up In June, the United States inflation fell to 3%, which is the lowest since March 2021. This was slightly below the market's expectations of 3.1% and a significant decline from May's rate of 4%. Additionally, the core inflation rate unexpectedly dropped to 4.8%, marking its lowest level since October 2021. The implication of this...