Knowledge and strategy OANDA:XAUUSD 👉On Tuesday, Gold price broke the range trade between the key 100-Daily Moving Average (DMA) at $1,952 and the mildly bullish 50 DMA at $1,932 to the downside after piercing through the latter on a daily closing basis. 👉The next relevant support aligns at the $1,916 level, which is the confluence of the 21 and 200 DMA....
Analysis and signals OANDA:XAUUSD 👉 This week, international gold prices increased continuously from $1,912.5 to $1,952 and closed at $1,939. 👉The reason why gold prices rose sharply this week was because the US labor market continued to show less positive signals. Specifically, although NFP EMPLOYMENT data in August reached 187,000 jobs, higher than the...
Stability Strategy for the Sellers OANDA:XAUUSD Gold Price holds steady at the highest level in four weeks during a four-day winning streak as market players await the key inflation clues from the US and Eurozone. That said, the recently downbeat US data have raised concerns about the Fed policy pivot and bolstered the OANDA:XAUUSD price. Following that, a...
Strategy and signals OANDA:XAUUSD ✅As per our Technical Confluence indicator, the Gold Price floats within a $40 region multiple resistance area ahead of this week’s top-tier US inflation and employment clues. ✅That said, a convergence of the Pivot Point one-day R1 and the previous daily high guards the immediate recovery of the Gold Price near $1,928. ...
Signals and analysis OANDA:XAUUSD Gold price managed to settle Tuesday above the descending trendline resistance, then at 1,890$, as it moved away from multi-month troughs. Gold buyers now need acceptance above the 1,900$ round figure to take on the upward-sloping 200-Daily Moving Average (DMA) at 1,909$. A sustained move above the 200 DMA barrier will open...
Analysis and signals OANDA:XAUUSD Gold prices consolidate within the range below the $1,900 mark during the Asian session. Federal Reserve expectations strengthen the US Dollar and limit the upside. Weaker exposure will support and help limit losses to the safe-haven OANDA:XAUUSD The daily chart of the OANDA:XAUUSD pair shows that the downtrend is still...
Expectation strategy OANDA:XAUUSD Gold temporarily ignores the view of the small frame, with the h4 view, the rsi indicator currently shows that it is in the oversold area, the price is also far away from the ema range calculated for chart D1, which means this area is no longer the best selling area if you look at it. long-term. Calculating the decline phase...
Strategy and signal analysis TVC:GOLD TVC:GOLD fell to a five-month low on Thursday as US Treasury yields edged higher and a strong dollar delivered a one-of-a-kind punch to the non-ferrous metal bulls TVC:GOLD Minutes of the Fed's July meeting showed on Wednesday that most members of the rate-setting committee were in favor of higher rates to curb...
Gold analysis today TVC:GOLD Gold price is consolidating losses in early Thursday's trading, having touched the lowest level in five months at $1,890. TVC:GOLD sellers are bidding time before the next push lower, as the United States Dollar (USD) continues to garner demand heading into a fresh batch of mid-tier US economic data. Gold price extended its...
Strategic analysis OANDA:EURUSD Today's rich agenda is completed by the Minutes from last Fed's meeting, Housing starts and industrial production in the United States. Once again yesterday's reaction of the European currency up to the levels of 1,0950 confirmed my thought that despite the pressures that the Euro receives , every time it hits some local lows ...
Weekend Strategy TVC:GOLD Gold price continued its downtrend, the dollar rebounded after US inflation data. The US Department of Labor said the consumer price index (CPI) increased 3.2% in the 12 months to July 2023, up from 3% increase in June 2023, the smallest annual increase since July 2023. March 2021. Technically, nothing seems to change for Gold...
Signals for a new day OANDA:XAUUSD Technically, Gold price remains exposed to downside risks, as the 14-day Relative Strength Index (RSI) continues to hold below the midline, despite the latest bounce. A hot US inflation report will revive the selling interest around the Gold price, smashing it through the key support near the $1,910 region to challenge...
Gold price analysis: The 4-hour chart offers a neutral-to-bearish stance as OANDA:XAUUSD develops below all its moving averages, with the 20 SMA providing intraday resistance. Finally, technical indicators are directionless. The Momentum indicator heads nowhere around its 100 line, while the Relative Strength Index (RSI) indicator hovers around 40. ...
Analysis TVC:GOLD It’s worth noting, however, that the Relative Strength Index (RSI) line, placed at 14, remains below 50.0 and suggests bottom-picking, which in turn highlights the 61.8% Fibonacci retracement of the Gold Price run-up from late February to May, near $1,910. In a case where the XAU/USD drops below $1,910, the $1,900 round figure will precede...