Temporary concerns cooled down during trading hours in Europe but continued before Wall Street opened, with XAU/USD trading at a low of 1,902.68 per troy ounce, which aligns closely with the lowest level in July. Ultimately, the positive tone from Wall Street finally interrupted the USD protest rally and helped XAU/USD recover from the aforementioned low level,...
Gold prices eased slightly during the Asian session on Monday and fell to the $1,911-$1,910 zone, or the lowest since July 7 in the past hour. However, the intraday downtrend lacks further selling, warranting caution for the strong bearish traders and positioning for the recent extension of the bearish trajectory witnessed in about the past three weeks. The...
Gold prices make a modest recovery from July 7 lows around the $1911-$1910 region set during the Asian session this Friday and, for now, appear to have broken a four-day losing streak. price. XAU/USD is now trading around the $1,915-$1.916 region, up more than 0.10% on the day, despite a lack of bullish confidence and remains vulnerable. The US dollar (USD) is...
Gold prices attracted some buying power during the Asian session on Wednesday and partially recovered the previous day's losses to the $1,923-$1,922 region, or four-week lows. XAU/USD is now trading just below $1,930, up nearly 0.20% on the day, though any meaningful upside still seems elusive. A generally softer tone around the equity markets, coupled with a...
Gold (XAU/USD) prices fell to a one-month low as they fell to $1,914 in the early hours of the Asian session on Thursday. With that said, the precious metal doesn't welcome any positive news from China, or a drop in the US Dollar ahead of US inflation data. The reasons could be related to market concerns about the health of the banking industry and the global...
My strategy TVC:GOLD for today After the US Dollar sold off due to mixed US labor market data, the Greenback regained some bullish momentum against its major currencies at the start of the week, capitalizing on market anxiety. market ahead of important inflation data releases from both China, as well as the United States. Gold prices continue to face...
TVC:GOLD Gold price attracts some selling following an early uptick to the $1,946 area during the Asian session on Monday and drops to a fresh daily low in the last hour. The GOLD currently trades around the $1,940 region and for now, seems to have stalled its modest recovery move from the lowest level since July 11 touched on Friday. The closely-watched monthly...
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The dollar rose past the Fitch cut, taking support from much stronger-than-expected payrolls data released by ADP. The reading followed data earlier this week that showed some signs of a U.S. manufacturing and construction recovery. The data spurred bets that the Federal Reserve will have enough economic headroom to hike rates further and keep them there - a...
TVC:GOLD Gold buyers appear to have found a temporary support at the July 12 low of $1932 at the moment. But the gold sellers are likely to regain equilibrium, sending the rate back to the static support seen around $1925. Additional declines will challenge the early-July lows around the $1910 region. Additionally, Gold buyers will find an immediate upside...
OANDA:XAUUSD XAU/USD briefly surpassed the 38.2% Fibonacci retracement level of its recovery, measured between $1,902.62 and $1,987.40 at $1,954.88, but remains below the retracement level. 23.6% retracement at $1,967.37, immediate resistance. The daily chart shows that Gold is currently hovering around a bullish 100 Simple Moving Average (SMA), which maintains...
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)...