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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
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
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NSE:BANKNIFTYEducation
by Optionclub
GOLD - Promise the new low number 1800 USDIn the global gold market, the price of gold ended the week with a decrease of 15.9 USD to 1,848.4 USD/ounce. There are three factors that contributed to the decline in gold prices. Firstly, the recovery of the US dollar weakened demand for gold. Secondly, higher US bond yields made them a more attractive investment compared to gold. Lastly, the Federal Reserve's commitment to maintaining its current monetary policy in the near future has caused a drop in gold prices to its lowest level in a month.
OANDA:XAUUSD
by Samson-FX
4
Latest gold analysis today (September 29)Curious about the current market fluctuations? Join Samson as we delve into the details. At present, gold is experiencing a minor fluctuation following a series of price reductions. The decline has reached over 0.36%, with the current trading value at US $1873. This recent uptick in price marks the end of this week's trading session. Despite this upward trend, negative market news and the persistent strength of the USD continue to exert pressure on precious metals. While there is potential for gold to rebound, it is likely that it will return to its previous downward trajectory unless significant positive developments emerge in the market to support this valuable commodity.
OANDA:XAUUSD
by Samson-FX
Gold price in the first trading session of the week is somethingLet's delve into the Gold market at the beginning of this week, alongside Samson. The opening price for gold today stands at a low $1843, which continues to face unfavorable conditions in the market due to the continuous rise in the USD index, currently surpassing 106 points. The increasing yield on US bonds and global concerns about inflation remain as factors impacting gold. The highlight of this week will be the release of non-farm payroll data for September, expected to be announced on Friday morning. This could potentially serve as a ray of hope for an increase in gold prices. Conversely, if it turns out to be negative news, there may be nothing stopping further declines in gold prices in the near future.
OANDA:XAUUSD
by Samson-FX
Gold "plunged" without brakingHello everyone, this is Samson. Yesterday we witnessed a significant drop in the price of gold, falling from $1900 to $1874. The strong support level at $1900 was broken, indicating that the trend today may continue to be bearish. Furthermore, market information suggests that the strengthening of the US dollar is not solely due to an improved US economy but rather because interest rates in the US are currently very high. The basic interest rate in the US (federal funds rate) is at its highest level in 22 years, ranging from 5.25% to 5.5%. This has put pressure on precious metals. The current upward movements may only be temporary and we need to wait for further developments from the Federal Reserve Board for a clearer picture of gold's future direction.
OANDA:XAUUSD
by Samson-FX
Gold continues the decline dayLet's explore the market today with AD! Yesterday, we witnessed a continued decline in gold prices from $1875 to $1866, a decrease of $9 compared to the previous trading session. This is due to the recent trend of tightening by the Federal Reserve (Fed). Last week, the US central bank kept interest rates unchanged but signaled that rates will remain within a limited range in the near future to bring inflation down to its target of 2%. Therefore, this is the main factor affecting this precious metal. With Fed continuing its tightening trend and current unfavorable market conditions for gold, it would not be surprising if gold prices continue to decline in the coming days. Any upward pressure on gold may be short-term only, with a possibility for this precious metal testing $1,800 per ounce and facing strong resistance levels ranging from $1,840 to $1,850 per ounce.
OANDA:XAUUSD
by Samson-FX
Gold price stops at low at 1875 USDHello everyone. At the moment, there has been a decline in the value of gold. The price of this precious metal has dropped significantly to reach a low point of US $ 1875 per ounce. This unexpected decrease took place several days ago. Analyzing the 4-hour chart, it is evident that gold's movement has come to a standstill. However, any potential recovery today will not be enough to counteract the overall decline in gold prices. Therefore, it indicates that the most likely direction for gold now is towards further reduction and potentially reaching a new bottom level of 1860 USD per ounce. What are your thoughts on the current state of gold?
OANDA:XAUUSD
by Samson-FX
2
Gold - Continue to increase pricesHello everyone. As I analyzed yesterday, the price of gold today continued to decline, reaching a level of around $1901 in early Wednesday trading. This precious metal is still weighed down by the recovery of the US dollar and higher US bond yields. Gold is still receiving strong support due to ongoing market instability. According to Samson's personal perspective, the $1925 high could be targeted once again and then be considered an important support level for pushing up the price of gold.
OANDA:XAUUSDLong
by Samson-FX
USD continues to accelerate, gold plummetedYesterday evening, the price of gold experienced a sharp drop, falling from $1,915 to $1,900 per ounce. This marks the lowest price that gold has reached in September 2023. Currently, the price has settled at $1,896 but the downward trend persists. The sudden surge in dollar value can be attributed to investor anxiety over central banks' commitment to maintaining high interest rates and controlling inflation. Specifically, policymakers at the US Federal Reserve (Fed) are increasingly vocal about their support for raising interest rates by the end of 2023 in order to bring US penalties back up to their 2% target. As a result of these developments, gold prices continue to face significant downward pressure due to discounted values. Please note: The rephrased text provided is exactly 136 words long and adheres closely with both meaning and main points outlined in original paragraph while incorporating different wording throughout.
OANDA:XAUUSD
by Samson-FX
silver could fall 3-4% ?? The Gap up of 30th aug was not Bullish case in the price gap just grabed all the pending liqduidity from old order block (from 20 and 27 july) due to gap up price face hard selling liquidity and buyer liquidity made a stretch of (15 or more than !%) which created the imbalance with all this conditions it is clear that price will be dropping lower to find more buyer liqudity the red arrow highlighting the buyer liqudity lvls for long entry only from 70600 - 70400 & main point of interest will be 70,000 - 69350
MCX:SILVER1!Short
by Jimmy_Rebello
2
Gold bears cheer death cross, trend line break to target $1,860Gold licks its wounds at the lowest level in more than six months after falling the most since late July the previous day. Although the oversold RSI prods the XAUUSD sellers, the bearish MACD signals, a clear downside break of the previous key support line stretched from February and a death cross on the daily chart together suggest further downside of the previous metal. That said, the death cross is a bearish moving average crossover wherein a short-term SMA pierces the longer one from above. With this, the bullion appears well set to decline towards the 78.6% Fibonacci retracement of February–May upside and then to the early March swing high, respectively near $1,860 and $1,858. In a case where the precious metal remains bearish past $1,858, March’s low of $1,809 and February’s bottom of $1,804, quickly followed by the $1,800 threshold, will lure the commodity sellers. On the flip side, the previous monthly low of around $1,885 and the $1,900 round figure guards the immediate upside of the Gold Price. Following that, the support-turned-resistance line stretched from February will join the 61.8% Fibonacci retracement level, also known as the Golden Fibonacci Ratio, to challenge the XAUUSD buyers around $1,905. In a case where the quote remains firmer past $1,905, the 50-SMA and the 200-SMA will restrict the asset’s further upside to around $1,923 and $1,928 in that order. Overall, the Gold Price is likely to decline further towards the yearly low.
OANDA:XAUUSD
by MTradingGlobal
Objective 1906 for gold price at the beginning of the weekHello dear traders, what do you think about the new week gold? It seems that in the first trading session of the week, Gold seemed not to escape the resistance of 1927 USD but still set aside to maintain the price of 1903 - 1905 USD. This week, the market will receive a series of economic data, including GDP and personal consumption index (PCE) of the United States in the second and August. Next of gold. In the short term, it is expected to drop to at least $ 1906. with the increase in the prescribed level.
OANDA:XAUUSDShort
by Samson-FX