Hello everyone, yesterday gold experienced a quite significant recovery. At the beginning of the session, gold traded stably, but near the end of the session, this metal quickly increased and recovered more than 280 pips. Currently, gold temporarily closed at 2332 USD and increased about 1.24% during the day. Accordingly, gold prices increased despite the USD...
Hello everyone! What do you think, where will gold close today? In this analysis, I'll be focusing on gold's recent recovery. The precious metal recently broke out of its short-term upward trend after surpassing the trendline. Despite this, it has found new momentum and is currently hovering around the psychological level of $2300. Looking at the 1-hour chart,...
Today, gold has decreased slightly by 10 USD, currently trading around 2315 USD. This comes as the US Dollar tumbled following the release of much-anticipated economic data. Gold's short-term downtrend continues. Technical analysis: Trendline Break: From a technical standpoint, gold has broken above its trendline, signaling continued bearish momentum. EMA...
Hello everyone, today the price of gold continues to trade around the psychological level of 2300 USD. Accordingly, gold was not beyond my prediction when it approached 2300 USD to receive new resources around this support area. After the Fed's above announcement, gold lost its inherent momentum, causing the number of investors buying to decrease...
Yesterday's news announced to us First, the ppi decrease combined with the unemployment benefits application index increased. Combined with a decrease in CPI, this is beneficial for Gold to increase because the economic situation seems to be weakening, putting pressure on the Fed to reduce interest rates. However, Nonfarm data, specifically the employment index,...
Yesterday we had the Fed's announcement about the CPI index, we saw that this index was 0.3 to 0.4 lower than the previous period. This is the result when the Fed implemented tightening monetary policy in the past. After that, the FOMC meeting announced that interest rates would continue to remain at 5.5%. - This made gold yesterday, after the announcement of CPI...
Positives SILVER chart in 4hr looks good for me. It is near Trendline support and also Monthly breakout retest zone. More chances it goes up as per chart and Target may be 30-32$. Negitives If it breaks down, next support is 26$.
FOREXCOM:EURAUD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if...
Gold prices today continue to face downward pressure, currently trading around $2314, losing 0.45% for the day with a drop of over 100 pips during the early Asian trading session. Despite a strong rally last night that pushed gold close to $2350, the precious metal couldn't maintain its recovery. This was despite the U.S. Dollar weakening after the U.S. released...
The US Federal Reserve’s (Fed) hawkish halt failed to impress the US Dollar buyers as softer inflation data raised doubts about the central bank’s one rate cut in 2024 projections. The same allowed the Gold price to refresh weekly high during its three-day uptrend by the end of Wednesday. However, failure to cross the key SMAs and a looming “Death Cross” of the...
Topic - Gold Long Levels and Zone Tomorrow's movement Prediction of GOLD (Sona Swarna Tola 10gram) GOLD appears to be in downtrend. And this trend seems to be continuing further. Price is below an important level of 71921.6 on charts, and if price remains below this level, then stock might show a fall in short term. Tomorrow's movement Prediction of GOLD (Sona...
Topic - SILVER Neutral Levels and Zone Tomorrow's movement Prediction of Silver (Chandi) SILVER appears to be in uptrend. But this trend seems to be weakening. Price is below an important level of 90778.24 on charts, and if price remains below this level, then stock might show a fall in short term. Tomorrow's movement Prediction of Silver (Chandi) SILVER made a...
Silver is moving in a channel consolidating at the bottom of the channel and trying to go back to the top of the channel.
Last week we had strong market fluctuations - Looking from the US economic perspective, we see that with the economic indicators announced last week, we see a number of important issues. - ISM PMI index, which is an index measuring the development of the industry, is lower than 50 standard units of this index, signaling that the industry is slowing down. - The...
Hi everybody, In today's trading session, gold prices increased slightly. However, the looming threat of a "hot" inflation report from the Federal Reserve's FOMC meeting starting this morning (June 12) could push gold prices down. While demand from bargain hunters has boosted gold prices, gains have been limited by a strong US dollar. Recent positive economic...
Traders! Gold is making new lows and there are a number of reasons for that. Price after Friday's sell-off is returning to the downtrend boundary, which determines our medium-term outlook. So why is gold falling? The market is negatively affected by the strengthening of the dollar, due to positive Nonfarm Payrolls for the US market, which usually shapes the...
The current situation: On June 11, 2024, gold price is trading around the psychological level of 2300 USD/ounce, increasing significantly compared to the previous closing. This increase takes place in the context of weakds of the dollar and the yield of bonds decreases slightly. Impact factors: -Global monetary and economic policy: Investors are expecting...