Update the latest gold price today!Hello everyone, today we will learn about the gold market to determine whether this is the right time to buy or sell.
Starting with the current gold price chart, we see that the gold price has increased by more than 6 USD, currently sitting at around 2131 USD. Even so, there haven't been any significant breakthroughs. Gold prices remain stable around 2,305 USD, and the market is waiting for new information to be announced later in the day to have a clearer view.
There are two important events that will affect the USD exchange rate:
Claim unemployment benefits
Auction of 30-year US bonds
Outlook Analysis: On the 1-hour chart, gold appears to be in the process of consolidating and moving sideways. Because the Bollinger Bands index shows no major changes affecting the current trend, we can expect gold prices to not change much until important news is announced.
Careful observation and attention will be the key to determining the right time to trade. Gold is expected to fluctuate between 2328 - 2305 USD until the end of the day.
Intradaytrade
USDJPY : Get support from USD price increasesUSD/JPY is trading around the 155.50 level at the start of the European trading session on Thursday, marking the fourth consecutive day of gains. The US dollar is strengthening due to the Federal Reserve's potential interest rate hikes. Furthermore, hawkish comments from the Fed Chair have bolstered the greenback, thereby reinforcing the USD/JPY pair.
EUR/USD is stuck in a downtrendHello friends!
Today EURUSD remains stuck below the 1.075 resistance level as the US dollar edged up slightly. As a result, trading in the pair appears to be quieter than yesterday, when market sentiment focused on speeches from ECB policymakers.
Looking ahead: EURUSD is trending down, with the 4-hour chart showing the pair entering a consolidation range. Against this backdrop, the immediate upside barrier at 1.0800 will limit the potential for recovery, followed by 1.082. On the downside, EURUSD will soon encounter support at 1.0705, which will dictate the next recovery before reaching 1.065.
EURUSD: Triple top pattern formed!Hello dear friends, today after EURUSD formed a triple top pattern, the pair made a more bearish correction in the short to medium term as it broke the 1.075 support level and the chart data along with The confluence between EMA 34 and 89 with the port also shows favorable signals for sellers at the present time.
It is expected that after the short-term trend correction, the price will retest the psychological area of 1.0700 again.
Gold suddenly turned down!"Gold (XAU/USD) attracted some buyers during Asian trading hours on Wednesday. Safe-haven demand, driven by geopolitical tensions and political uncertainty, as well as central bank buying activity, may contribute to pushing gold prices higher. However, hawkish remarks from Federal Reserve officials could dampen hopes of interest rate cuts in 2024, despite weaker-than-expected US employment reports in April. This could drag the precious metal lower.
At the end of Wednesday, Philip Jefferson, Susan Collins, and Lisa Cook of the Federal Reserve will speak. Hawkish comments from Fed policymakers may lift the greenback and exert pressure on gold priced in USD. Gold traders will monitor consumer sentiment indices from the University of Michigan on Friday."
Bank NIfty continued to underperform on weekly Expiry Day Today ICICI & HDFC Bank weighed down the market
On Thursday all eyes will be on the result of
Major heavyweight bank (SBIN)
On the down side imp support is placed near 47800/700 zone
whereas upside hurlde is near 48500/700 level
In case of Gap up/ Gap Down scenario,
wait for first few minutes & track for price action at imp levels
*For Educational Purpose
GBPUSD : New breakthrough has appeared!GBP/USD keeps sliding and trades in the negative territory below 1.2500 after losing nearly 0.5% on Tuesday. The newfound strength of the US dollar, fueled by hawkish remarks from the Fed, weighs heavily on this pair as market focus shifts to the policy announcements from the Bank of England on Thursday.
From chart observations, this pair has broken out of the uptrend channel after a prolonged period. Expectations are for further downward adjustments after a retest of the Breakout zone, with the selling strategy continuing to be prioritized during this time.
XAUUSDHello all dear traders!
Gold price today decreased by 15 USD compared to last night's highest price of 2,325 USD/ounce.
Accordingly, Gold decreased slightly as investors focused more on the prospect of interest rate cuts from the US Federal Reserve (Fed). According to CME's FedWatch tool, futures traders believe there is about a two-in-three chance that the US Central Bank will cut interest rates in September.
Although prices are pressured by the interest rate outlook. But! The upside for gold, especially related to geopolitical risks and potential tensions in the banking system, is strong enough to support the precious metal.
ALKEM LAB STRUCTURE FOR INTRADAY (01.04.2024)ALKEM LAB is Bullish in Higher Timeframes and price is making a Higher-High structure in Hourly timeframe which is going along with the trend in bigger timeframes. Consider the levels for Intraday; entry should be made according to price-action in smaller timeframe, may be 5 mins.
These levels are only for Cash segment, NOT FnO! Targets are calculated according to the ABCD pattern of Harmonics.
If you like the idea, do give a boost to it so that it can be a motivation for me to post contents like this in future.
How is gold price traded today?Hello everyone, it's RKarina again!
Today, gold prices continued their recovery since Monday, with the metal up more than $25 since the start of the new week.
Although gold has experienced two consecutive weeks of price declines after a 5-week recovery streak, overall investor sentiment is still optimistic about this precious metal.
From chart analysis, we see that gold has broken out of the price range and surpassed the trend line, signaling a new uptrend. Support at $2310 has been established, with a current target of $2350 - $2360 in the near future if gold maintains its bullish momentum in the current economic and market conditions!
XAUUSDWorld gold price is currently trading around 2,320 USD.
“The recent decline in gold prices that we have seen over the past few weeks may be weakening,” one expert noted. US employment data has weakened the USD, creating an opportunity for world gold prices to increase."
According to technical analysis, in the short term, gold's next resistance level is 2,360 USD/ounce and if this threshold is broken, gold could quickly climb to 2,400 USD/ounce.
If gold enters a downtrend, the first support level is 2,280 USD/ounce.
EUR/USD rises near 1.0800Hello friends!
The hesitant movements of the US Dollar (USD) seem to have created enough momentum for the continued uptrend of EUR/USD at the beginning of the week. However, the pair failed to retest or clear the key hurdle at 1.0800 for a fourth straight day of gains.
The sideways trend is expected to persist and the pair will soon encounter resistance at 1.0800.
Update the latest gold price today!Hello dear traders
Today let's explore the price of gold together!
Gold recovered slightly after a volatile Friday, trading steady around $2,310 and up 0.34% on the day.
In terms of short-term outlook, gold appears to be moving sideways and is still in an accumulation phase with expected swings between $2325 and $2290. Pay attention to the marked points to find a reasonable entry point.
Looking ahead, this week is expected to be relatively quiet in terms of economic data releases. However, there are some notable events such as the US 10-year bond auction on Wednesday, the Bank of England's monetary policy decision and the Treasury's 30-year bond auction on Thursday. Additionally, a preliminary consumer sentiment report from the University of Michigan will be released on Friday.
We will continually compile and update all of this information. Stay tuned for the latest updates!
EURUSD todayEUR/USD is trading steady around 1.0750 at the start of the new week after a positive week. Technical analysis suggests that the pair could continue to rise in the near term as the price range widens.
US economic data that did not meet expectations weakened the USD's strength on Friday, pushing the EUR/USD exchange rate higher at the end of the week. A further increase is expected when EMA 34 has begun to reverse.
GBPUSD: Downtrend is still going on!Hello friends!
GBP/USD is struggling to maintain its upward momentum and is trading below 1.2550 during the US session. Earlier in the day, disappointing April jobs reports from the US triggered a USD sell-off, pushing the pair to multi-week highs above 1.2600. However, it failed to hold this level and quickly fell to 1,254.
On the other hand, the daily chart shows that the sharp rise in GBP/USD broke the 34, 89 EMA, forming a 'shooting star' pattern, opening up opportunities for sellers.
EURUSD: Continues to increase after a promising week!Hi everybody! In the first trading session of the new week, the EUR/USD exchange rate increased to 1.0800 due to the weakening of the US Dollar. The USD faced a significant sell-off after the US Bureau of Labor Statistics (BLS) released a report, showing weak labor demand and a slowdown in wage growth in April. This decline pushed the US Dollar Index (DXY) to a 3-week low, giving momentum to the EUR/USD currency pair.
Additionally, market sentiment has improved significantly after a disappointing Non-Farm Payrolls (NFP) report, suggesting that the Federal Reserve (Fed) may reduce interest rates from its September meeting. Delays in wage growth and weaker labor demand both raise doubts that consumers will spend less, possibly easing inflationary pressures. This scenario may not be favorable for the USD and bond yields, and may also increase the EUR/USD exchange rate in the near future.
Update the latest gold price today!Hello everyone, let's take a look at the gold price situation today!
Yesterday, the gold market experienced a major fluctuation due to the important event of the Non-Farm report and unemployment rate. Gold went through a period of sharp ups and downs, as the price rose to $2,320 before falling to $2,277, however, gold ultimately remained stable around $2,300.
However, in the near and medium term, gold prices are still in a downward trend. Although US bond yields decreased during the weekend trading session, gold prices did not seem to react much.
Furthermore, jobs news has bolstered confidence that the US Federal Reserve (Fed) will begin easing monetary policy this year, which could support gold prices amid low interest rates. . However, this also creates a greater risk environment, causing investors to turn to other assets. When risks decrease, demand for gold may decrease, leading to the possibility that gold prices will continue to adjust in the near future.
EURUSD: Opens up new bullish factors!Hello all of you!
On Thursday, the EUR/USD pair rebounded to the highs of the recent consolidation period, surpassing the 1.0700 handle. This recovery comes as markets readjust to risk sentiment ahead of the release of the US Nonfarm Payrolls (NFP) report on Friday.
Price action has taken place around the 34, 89 EMA, as the market waits for clear momentum to influence the direction of the trend. The 4H candles show a pattern of higher lows, strengthening the recovery momentum as the pair attempts to extend the upside movement from the swing low of 1.0600.
EUR/USD is trading in an uptrend above the 34.89 EMA, and is expected to continue rising if it can overcome the 1,074 resistance.
Update the latest XAUUSD todayHello everyone, today let's look at the price of gold together!
Yesterday, gold fell to a low of 2282 USD. However, gold has now recovered and is fluctuating around 2,300 USD, crossing the EMAs 34 and 89 at a price of about 2,318 USD early on Thursday.
The US Federal Reserve (Fed) decided to keep the benchmark interest rate unchanged from 5.25% to 5.5%, which still causes gold to go through an adjustment period. In the short term, gold prices may continue to decline due to increased pressure from profit-taking and short selling.
However, over a longer time frame, many factors will support gold prices, including global economic uncertainties, geopolitical tensions and election uncertainty. As long as these tensions persist and economic policies continue to cause instability, gold will remain the foundation for stability.
Trading plan for April 2:
👨💻 Buy XAUUSD around 2310 - 2308
🔹 Set stop loss at 2305
🔹 Profit target at 2315 - 2320 - 2225
Wishing you successful trading and achieving your profit goals!
XAUUSD : Trades around 2300 USDHi everybody! Today, gold prices cooled after initially rising slightly, recovering from key support levels. However, this momentum is limited by lingering expectations of higher interest rates in the US.
The metal jumped to $2,300 an ounce in overnight trading, after the US Federal Reserve announced no immediate interest rate hikes, which weakened the dollar and supported a part for the price of the items.
However, the Fed also showed caution, not rushing to cut interest rates anytime soon, which could limit any significant increase in gold prices.
Gold price today: Waiting for a new breakthrough!Hello everyone, currently the gold price is still fluctuating around 2300 USD and has not changed much compared to previous sessions.
This metal is in the process of accumulation, waiting in a narrowing wedge pattern, preparing for a new trend while the market is eagerly awaiting information from the Non-Farm report. A breakthrough will be an important signal for gold's next move.
Technically, the outlook is somewhat bearish, but we will update more information when there are official results to have a clearer view.
Wishing everyone happy and successful trading!
Latest EURUSD update today!Hello everyone! Yesterday, after the announcement of the PCE news, EURUSD experienced a slight decrease in price. Currently, this currency pair is temporarily trading around the 1.069 level, ending the short-term uptrend at the 1.070 threshold.
Looking ahead, it seems that EURUSD may have to undergo further adjustments according to Dow's theory, as it has tested the resistance zone and previously broken areas.
What do you think - will EURUSD recover and increase next week, or are you predicting more price declines? Let's discuss your predictions and strategies!