⚡️World gold price this morning continued to increase slightly with spot gold up 2.9 USD to 1,897.2 USD/ounce. December gold futures last traded at $1,926.0 per ounce, up $2.30 from dawn yesterday. ⚡️In yesterday's trading session, 8/22. Short-term offsets and some light bargain hunting are believed to have been the hallmarks of the precious metal's rally, after...
Gold prices (XAU/USD) fell to fresh five-month lows before stabilizing around $1,890 as market participants looked for more clues to extending the previous downturn, supported by recent downturns. hawkish Federal Reserve (Fed) concerns and risk aversion. That said, fears of a recession in China and weaker growth numbers in advanced economies coupled with firmer US...
OANDA:XAUUSD The price started the day by breaking above the downtrend line resistance at $1,904 as it attempted to recover. For gold buyers to maintain momentum from multi-month lows, they need a daily close above this level. If this scenario comes to fruition, the next upside target would be $1,900. If that is achieved, there will be a significant resistance...
⚡️ China is in trouble, especially in the real estate sector. These fluctuations have an impact on the price of gold (XAUUSD), represent volatility in the market and affect investors. ⚡️ From a technical perspective, the daily chart of the XAU/USD pair suggests that the decline will continue. The pair peaked near the 200 simple moving average (SMA) and then...
Gold yesterday had a bearish day setting a new 1903 low as the greenback continued to strengthen. Positive economic data last Friday boosted USD demand. These numbers raise concerns that the Federal Reserve could still raise interest rates further at its next meeting in September, even as markets still widely expect the Fed to end its bull run. interest...
On August 14, the world's third largest economy, Japan, announced GDP growth in the second quarter of 2023, with an impressive increase of 6% compared to the same period last year, much higher than the expected level. previously reported is 3.7% and forecast is 3.1%. Along with positive economic information, the USD continued to strengthen. Specifically, the...
15 minutes ago Open interest in gold futures markets extended the uptrend for another session on Tuesday, this time by around 3.4K contracts according to preliminary data from CME Group. At the same time, volume increased by nearly 45,000 contracts after two consecutive daily declines. Gold prices extended the pessimism in the first half of the week amid...
Gold price today on August 17 on the market continued to plummet to 1893.03 USD/ounce and lost the support level of 1,900 USD/ounce. Gold weakened because the dollar in the international market soared in the past few days in the context of the US Federal Reserve (Fed) maintaining tight monetary policy. Meanwhile, many Asian countries accelerate monetary easing to...
The dollar strengthened after some disappointing Chinese economic indicators stoked concerns about global growth, boosting demand for the safe-haven greenback. Recently, the dollar rose on concern that prolonged inflation will cause the Federal Reserve to keep interest rates higher for longer than previously expected by traders. The USD is also increasing in the...
Gold Analysis on Daily Chart. Expected levels are marked in a shorter term. Also Hourly Divergence needs to be resolved. Levels are marked.
61845 was the HIGH 60,000 to 59,500 has the bearish liquidity side where the price is getting rejected also from the top to lower time frame lower high i.e. 5700 we got pullback and retraced back to 0.5 of fib zone which is giving selling pressure the nearest LTF support we have is 58735 and further downfall we can see if this level break will be upto 57650...
The world gold price today listed at 1,917 USD/ounce, down 10 USD/ounce compared to the early hours of the morning. The world gold price continued to decline today as the dollar soared after China released many disappointing economic data. Besides, the US economy is making strong recovery steps. The growth rate of 2.4% in the second quarter of 2023 exceeded...
Trading strategies TVC:GOLD : TVC:GOLD price declined due to pressure from the rise of USD. This morning, the US Dollar Index, which measures the volatility of the greenback, exceeded 103 points, taking away TVC:GOLD the attractiveness of TVC:GOLD . Interest rates did not decrease, causing investors to continue withdrawing capital from TVC:GOLD ...
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,...
Weekend Strategy TVC:GOLD Gold price continued its downtrend, the dollar rebounded after US inflation data. The US Department of Labor said the consumer price index (CPI) increased 3.2% in the 12 months to July 2023, up from 3% increase in June 2023, the smallest annual increase since July 2023. March 2021. Technically, nothing seems to change for Gold...
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...
Strategic forecasting TVC:GOLD Therefore, Gold price is making another recovery attempt from four-week troughs of $1,914 early Thursday. Markets trade with caution, reflective of the mixed tone in the Asian indices even though the US S&P 500 futures post small gains. Investors resort to adjusting their US Dollar positions ahead of the all-important CPI...