The gold price trend forecast, despite short-term selling pressure, said analysts at Australia-based bank ANZ maintain their medium to long-term bullish outlook for the metal. precious type. Daniel Hynes, senior commodity strategist at ANZ, said that while he cannot rule out a drop below $1,900 an ounce, he sees signs of solid support in the market. While ANZ...
World gold price this morning continued its downward trend with spot gold down 10.2 USD to 1,891.4 USD/ounce. December gold futures last traded at $1,928.3 per ounce, down $6.9 from the previous morning. Gold trades near a six-month low after the minutes of the central bank's July monetary policy meeting were released. The minutes showed that the US Federal...
World gold price this morning continued its downward trend with spot gold down 10.2 USD to 1,891.4 USD/ounce. December gold futures last traded at $1,928.3 per ounce, down $6.9 from the previous morning. Gold trades near a six-month low after the minutes of the central bank's July monetary policy meeting were released. The minutes showed that the US Federal...
Breakout from flag pattern in an uptrend, excellent pattern to trade. There is also not much resistance nearby and good floor to use as support.
On the world market, the spot gold price on the Kitco floor at 9:46 pm on August 15, Vietnam time was at 1,906.4 USD per ounce. Gold futures are trading at $1,939.5 an ounce. Gold held its fall below $1910/oz on Wednesday, hovering near a seven-week low as stronger-than-expected US retail sales data supported the Reserve's ability to hold prices. Federal. higher...
On the world market, the spot gold price on the Kitco floor at 9:46 pm on August 15, Vietnam time was at 1,906.4 USD per ounce. Gold futures are trading at $1,939.5 an ounce. Gold held its fall below $1910/oz on Wednesday, hovering near a seven-week low as stronger-than-expected US retail sales data supported the Reserve's ability to hold prices. Federal. higher...
The radiant world gold price now continued to decline slightly with spot gold down 5.2 USD to 1,901.6 USD/ounce. December gold futures last traded at $1,933.4 per ounce, down $10.6 from the previous morning. Gold prices are trading at a five-month low, under selling pressure even as the New York Federal Reserve reported a sharp drop in activity in the region's...
The radiant world gold price now continued to decline slightly with spot gold down 5.2 USD to 1,901.6 USD/ounce. December gold futures last traded at $1,933.4 per ounce, down $10.6 from the previous morning. Gold prices are trading at a five-month low, under selling pressure even as the New York Federal Reserve reported a sharp drop in activity in the region's...
the pair is trading above the key support level after breaking out from a continuation pattern. The uptrend is fairly well established, the breakout has taken place after a good consolidation and now we have a re-test of the breakout level. This makes it a good entry point to enter the trend and ride it for as long as possible.
World gold price this morning tended to increase with spot gold increasing by 1.3 USD, so with last week's closing session, it was 1,914.4 USD/ounce. The dollar continued to increase for the fourth week in a row and closed the week session higher. Initially, the DXY Index dipped below the 102 mark, following the release of US inflation data. The index hit a low...
World gold price this morning tended to increase with spot gold increasing by 1.3 USD, so with last week's closing session, it was 1,914.4 USD/ounce. Last week, gold saw its second consecutive week of bold errors as it fell about 1% for the week after the US consumer price index (CPI) and producer price index (PPI) reports showed apply play still. The precious...
Trade Idea: SELL 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 4.5 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD upto tradingsysten 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any...
Hello Everyone This is a wave count update of our previous forecast. Thank You This was our previous forecast, but price gives correction more than expected and changes its cycles. But this all can easily avoidable with the help of smaller cycles.
Hello Everyone Here is another update from Trading Idea, few days back we have provided forecast of upcoming bullish cycle in USDJPY, so this is just the update of counts of cycle. If you like the idea, than kindly boost and share it with others and help us. Also if you have any query than don't hesitate to...
Hello traders! Today, I am sharing a strong trade idea for XAUUSD that could potentially result in profits. The gold price has been showing a bullish momentum, making higher highs and higher lows (HL) on the daily chart, indicating a potential uptrend. My suggestion is to consider buying XAUUSD from 1942.50, with a stop loss at 1935. The first target is at...
OANDA:XAUUSD Gold price reversed from the nine-week horizontal resistance and broke the two-week support line to convince the sellers. The downside in XAU/USD also takes cues from bearish signals from the Moving Average Convergence and Divergence (MACD) indicator and the descending Relative Strength Index (RSI), set at 14, which is not oversold. With this, Gold...
The USD/ZAR currency pair has been trading within a support and resistance channel, and recently it broke below the support line with a strong bearish candle. This presents a potentially favorable opportunity to initiate a sell trade with a small risk and the potential for significant rewards.