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...
OANDA:XAUUSD The US dollar benefited from a fresh rise in US Treasury yields, sending gold prices plunging. Amid increased hawkish sentiment around the Fed rate outlook, all eyes will be on Fed Chair Jerome Powell's speech later Wednesday. The 14-day Relative Strength Index (RSI), suggesting that gold's downside risks remain. So, the nearest support is at...
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
Shorting Gold on 15 min frame 1:5 ratio in every trade as usual. SL & Targets are on charts. I have found FIB retrace tool for my targets & SL
Again we will sell from this zone be ready. We can expect scalp trade 10-20 pips easily from this zone.
Gold price struggles to make any significant progress on Tuesday and trades within a narrow range, just above the $1,920 level during the Asian session. The XAU/USD pair remains close to a three-month low reached last Friday and could potentially drop below the 100-day Simple Moving Average (SMA). The upside for Gold price is limited by the hawkish stance of...
GOLD Trading In The Channel Range. Taking Upside Resistance in the channel range trendline and moving downside. BREAKING BELOW THE CHANNEL RANGE WILL IMPACT MORE DOWNSIDE FALL AND LEVELS GIVEN IN THE CHART. {VIEWS ARE ONLY FOR EDUCATIONAL PURPOSE.}
According to my analysis, the next target of XAUUSD will be 1980-2010-2036-- lets see ? good luck
Gold 4 R:R trade 1. Strond support (1956-1951) 2. Strong Resistance (1974-1984) 3. USD is becoming weaker because of poor economical events. 4. 200 EMA is below the price on daily basis 5. proper price action we can see on gold disclaimer: This Analysis is only for (09Jun -17Jun)
Gold price in a three-day rally near $1965 as the US Dollar remained bearish early Wednesday. In doing so, the precious metal also cheered hopes for more China stimulus and cautious optimism in the market amid the Federal Reserve's (Fed) policymakers' disapproval. any speech due to a power outage before the FOMC, as well as due to a light schedule. That said, the...
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...
Bullish Butterfly Buy PRZ - 59282-59338 SL - 50149 Target - 59700/59850/60000
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...
Gold stya blw 59850 sell sl 60031 tgt 59577 or more-- yes gold looks on prsure due to dxy or trendline analysis
Gold Dropped huge on the last friday as a correction mode with strong Data but Gold bias still strong here expecting level HKEX:1987 -86 in continuation and sell with small retest HKEX:2012 -15 on Monday and below TSE:1980 -82 we will go for TSE:1945 -35