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Gold price todayThe price of gold experienced a quiet trading session today, showing no significant fluctuations. Currently, it is trading at $1821 per ounce, which is relatively stable compared to earlier in the day. On the other hand, the US dollar and bond yields continue to pose a threat to this precious metal as all attempts to increase its value are being suppressed. Market sentiment seems to be focused on the release of the US Labor Department's September employment report on Friday. It is unlikely that there will be much volatility in gold prices today as there have been no news updates thus far.
OANDA:XAUUSD
by Samson-FX
USD/JPY consolidated nearly 148.50 lossesOn Thursday, there is significant selling pressure on USD/JPY, with the pair trading around 149.00. The long decline of the US dollar and the interest rate of the US Treasury bond have heavily impacted this currency pair. Additionally, concerns about Japanese intervention have further weighed down on USD/JPY. Taking a closer look at the technical analysis on the H4 time frame, it is evident that there is an overall uptrend in this market. According to Samson's perspective, before initiating any upward movement, this currency pair will need to test and hold support at 148.07.
by Samson-FX
1
EUR/USD: The decline in pressure decreases above 1,0545 - UOBA few days ago (on October 3, at the spot rate of 1.0480), Samson emphasized that the EUR "is still in a downtrend phase and is likely to weaken to around 1.0430, possibly below 1.0400." The EUR dropped to 1.0447 and has since rebounded. The downward momentum is starting to slow down, and if the EUR surpasses the level of 1.0545 (with no significant change in 'strong resistance' from yesterday), it means that the level of 1.0430 will not appear during this period.
by Samson-FX
GBP/USD is now seen in the unified range Today, the GBPUSD has experienced a significant increase after breaking through the downtrend, currently trading at 1.213. The latest report from Samson, which was two days ago (October 3rd), stated that the immediate delivery was at 1.2090. Samson emphasized that "the recent weakness of GBP continues and is likely heading towards 1.2000." Yesterday, GBP dropped to 1.2039 and then made a strong recovery to surpass our "strong resistance" level of 1.2160. Breaking through this "strong resistance" level indicates that the downward momentum is weakening. The current price volatility may be part of a trading range phase, potentially ranging from 1.2030 to 1.2270.
Long
by Samson-FX
Gold price has not escaped from the decrease cycleHello everyone! Today, the price of gold has dropped to its lowest point in 7 months. This decrease is a result of rising export benefits and inflation in the US, which is leading to expectations of tighter monetary policy. Gold has been steadily declining since it failed to receive a price increase from $2068 USD and is now trading at $1823. While there have been some signs of recovery, they are not significant. On the other hand, there has been a strong increase in the US dollar index (DXY) due to data showing an unexpected rise in job opportunities during August. In the previous session, this index experienced a breakthrough from over 105 points to over 106 points. This is significantly higher than the threshold of 100 points set back in mid-July. Another factor contributing to gold's decline is its close relationship with oil prices, which have also cooled down recently.
OANDA:XAUUSDShort
by Samson-FX
Gold increased slowly, market analysisHello everyone, this is Samson speaking! Yesterday, the gold market experienced strong buying pressure as the latest report showed signs of cooling in the US labor market. Despite facing negative pressure from a strong USD and high US bond yields, disappointing employment data has generated some momentum for gold buying as prices rose to positive territory at the start of the trading session. However, the increase in gold prices was relatively slow. The USD continues to remain high. In the short and medium term, gold still faces pressure from tight monetary policies in the US. The Federal Reserve will continue to raise interest rates and maintain them for an extended period of time.
OANDA:XAUUSD
by Samson-FX
Gold consolidated on the Bear sideHello everyone! Let's explore and discuss with AD! Currently, the price of gold is trading at $1842, the lowest level since March 10, putting the last quarter of this year in a negative state. The USD is strengthening its strong recovery compared to before, reinforced by the recent price increase of the US dollar. Looking at the D1 chart, we can argue that any correction in the price of gold from its lowest level in 7 months may encounter minor obstacles at $1,850, above which the highest level on September 28 and 29 is $1,880, will emerge as a strong resistance level.
OANDA:XAUUSD
by Samson-FX
Gold is about to reach 1800 USD?Hello everyone! Today, the price of gold has once again experienced a downward trend. After falling below the $1,900 threshold, gold has steadily decreased and is presently being traded at $1,818 with indications that it may soon reach the $1,800 range. Increasing US bond yields and a stronger USD are persistently posing threats to precious metals and exerting pressure on them. This can be observed from the continuous decline in gold prices during this particular period.
OANDA:XAUUSD
by Samson-FX
1
USDJPY analysis today (October 3)The USDJPY pair is maintaining a high level today, currently trading just below the 11-month high of 150.00 at around 149.68. The couple is waiting for signals from the Japanese government while taking into account the impact of words spoken by officials. The strengthening US dollar and higher yields on US treasury bonds have been driving this currency pair. Analyzing the technical outlook on the D1 timeframe, it is evident that the overall trend remains bullish, indicating that market sentiment still favors buyers. Therefore, it would be wise to align with the main trend and expect a minor adjustment in the short term that may not be significantly impactful.
by Samson-FX
NZD/USD continues to maintain the downtrendGreetings everyone! The ascending trend in the 4-hour timeframe was disrupted by a significant breakthrough at 0.593. Consequently, the NZD/USD currency pair remains under selling pressure below the 0.5900 level, having failed to sustain above 0.6000 during early Asian trading on Tuesday. At present, this particular currency pair is being traded around 0.589, reflecting a decline of 0.9% for the day. The increase in value of the US dollar (USD) and higher interest rates offered by the US Treasury have exerted considerable stress on NZDUSD exchange rate.
by Samson-FX
Gold price at the beginning of the week is very strong or riskyXauUSD is stronger on the weekend and closed higher than the opening day. BUT! The dollar is also strongly looking at the technical picture on the chart, we can see that some main factors are forming and an important area that can give us strong signals. But, it is worth noting that the 1D chart. A discounted candle is formed on the chart, but a large candle has been formed on Friday, in which gold has very little chance to overcome this area and along with the price increase of the dollar. It is likely that adjustment will begin when we see the price breaking of strong resistance on the hourly time frame.
OANDA:XAUUSD
by Samson-FX
2
Gold price decreased from 1935 USDLet's explore the market today! Today, gold price continues to decrease by US $ 10.6 to $ 1,915.2/ounce and there is still little sign that the downtrend is cooling down. Gold has been heavily affected by the price increase of the US dollar and the increasing bond yields. The yield of American Treasury bonds has reached the highest level for many years, which increases the cost of the holding of non -interest assets like gold. The federal reserve's hawk stance at the recent monetary policy meeting will continue to play the role of a catalyst that makes bond interest rates higher and stronger US dollar, significantly putting pressure on precious metal. From Samson's personal point of view, it is likely that gold will check the price of $ 1,910 before any new market movement.
OANDA:XAUUSD
by Samson-FX
XAUUSD - down to the lowest level of 10 monthsThe current price of gold is continuing its downward trend, with a trading value of $1,822 per ounce. This marks a decrease of $25 per ounce compared to earlier this morning. In the past 10 months, the price of gold has reached its lowest level due to two factors: the US dollar reaching its highest point in 10 months and an increase in US Treasury bond yields, which are currently at their highest levels in 16 years. While there is a possibility that gold prices may drop further to $1,800 per ounce, it's important to consider that during times of economic weakness, gold can present itself as a long-term buying opportunity. Additionally, if core inflation decreases and stabilizes interest rates in the US while also leading to a decline in the value of the dollar, this will likely provide support for precious metals.
OANDA:XAUUSD
by Samson-FX
GBPUSD is limited to narrow amplitudeGreetings, everyone! Allow me to present an update on the current status of GBPUSD. The currency pair is currently holding steady at approximately 1.2186, continuing its downward trend. Efforts are being made to regain lost ground. There is an anticipation of a minor decline in this particular currency pair, possibly reaching the psychological threshold of 1,211. This level will be regarded as a crucial support level for a potential bullish push. Now I turn to you: what are your thoughts on this matter?
by Samson-FX
USDJPY started with good increase promising $ 152.00Hello everyone! Let's discuss this currency pair with Samson at the beginning of the new week. USDJPY continues to maintain its strong upward momentum in the new trading session this week. It is currently trading around 149.78 and is extending its gains towards the important level of 150.00, reaching a new 11-month high. On the other hand, this currency pair is also supported by a recent increase in US Treasury bond yields and moderate comments from the Bank of Japan (BoJ). Therefore, it is entirely possible for USDJPY to reach the milestone of 150.00. If it surpasses this level, there is a high possibility that it will serve as a support level for further upward movement in price for this currency pair.
Long
by Samson-FX
NZD/USD lacks a solid orientation of the day, still under 0.6000The NZD/USD pair lacked any strong direction on Monday and experienced mild fluctuations in the first half of the European trading session. The spot price is currently trading below the psychological level of 0.6000, although it remains within an impressive range, reaching a two-month high on Friday. The increase in US Treasury bond yields, supported by prospects of further tightening policies from the Federal Reserve, serves as a favorable catalyst for the Greenback and limits the upward movement of the NZD/USD pair.
by Samson-FX