Get started

Signals

Gold increased slowly, market analysisHello everyone, this is Samson speaking! Yesterday, the gold market experienced strong buying pressure as the latest report showed signs of cooling in the US labor market. Despite facing negative pressure from a strong USD and high US bond yields, disappointing employment data has generated some momentum for gold buying as prices rose to positive territory at the start of the trading session. However, the increase in gold prices was relatively slow. The USD continues to remain high. In the short and medium term, gold still faces pressure from tight monetary policies in the US. The Federal Reserve will continue to raise interest rates and maintain them for an extended period of time.
OANDA:XAUUSD
by Samson-FX
Gold consolidated on the Bear sideHello everyone! Let's explore and discuss with AD! Currently, the price of gold is trading at $1842, the lowest level since March 10, putting the last quarter of this year in a negative state. The USD is strengthening its strong recovery compared to before, reinforced by the recent price increase of the US dollar. Looking at the D1 chart, we can argue that any correction in the price of gold from its lowest level in 7 months may encounter minor obstacles at $1,850, above which the highest level on September 28 and 29 is $1,880, will emerge as a strong resistance level.
OANDA:XAUUSD
by Samson-FX
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
USDJPY analysis today (October 3)The USDJPY pair is maintaining a high level today, currently trading just below the 11-month high of 150.00 at around 149.68. The couple is waiting for signals from the Japanese government while taking into account the impact of words spoken by officials. The strengthening US dollar and higher yields on US treasury bonds have been driving this currency pair. Analyzing the technical outlook on the D1 timeframe, it is evident that the overall trend remains bullish, indicating that market sentiment still favors buyers. Therefore, it would be wise to align with the main trend and expect a minor adjustment in the short term that may not be significantly impactful.
by Samson-FX
NZD/USD continues to maintain the downtrendGreetings everyone! The ascending trend in the 4-hour timeframe was disrupted by a significant breakthrough at 0.593. Consequently, the NZD/USD currency pair remains under selling pressure below the 0.5900 level, having failed to sustain above 0.6000 during early Asian trading on Tuesday. At present, this particular currency pair is being traded around 0.589, reflecting a decline of 0.9% for the day. The increase in value of the US dollar (USD) and higher interest rates offered by the US Treasury have exerted considerable stress on NZDUSD exchange rate.
by Samson-FX
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
GBPUSD is limited to narrow amplitudeGreetings, everyone! Allow me to present an update on the current status of GBPUSD. The currency pair is currently holding steady at approximately 1.2186, continuing its downward trend. Efforts are being made to regain lost ground. There is an anticipation of a minor decline in this particular currency pair, possibly reaching the psychological threshold of 1,211. This level will be regarded as a crucial support level for a potential bullish push. Now I turn to you: what are your thoughts on this matter?
by Samson-FX
USDJPY started with good increase promising $ 152.00Hello everyone! Let's discuss this currency pair with Samson at the beginning of the new week. USDJPY continues to maintain its strong upward momentum in the new trading session this week. It is currently trading around 149.78 and is extending its gains towards the important level of 150.00, reaching a new 11-month high. On the other hand, this currency pair is also supported by a recent increase in US Treasury bond yields and moderate comments from the Bank of Japan (BoJ). Therefore, it is entirely possible for USDJPY to reach the milestone of 150.00. If it surpasses this level, there is a high possibility that it will serve as a support level for further upward movement in price for this currency pair.
Long
by Samson-FX
NZD/USD lacks a solid orientation of the day, still under 0.6000The NZD/USD pair lacked any strong direction on Monday and experienced mild fluctuations in the first half of the European trading session. The spot price is currently trading below the psychological level of 0.6000, although it remains within an impressive range, reaching a two-month high on Friday. The increase in US Treasury bond yields, supported by prospects of further tightening policies from the Federal Reserve, serves as a favorable catalyst for the Greenback and limits the upward movement of the NZD/USD pair.
by Samson-FX
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
NZD/USD is still at a defensive level below 0,5950During the first trading hours in Asia on Thursday, the NZD/USD pair is still struggling to stay below 0.5900. The US dollar (USD) has gained strength, and the higher interest rates of treasury bonds are providing some support for NZD/USD. Currently, this currency pair is trading at around 0.5928, showing a slight increase of 0.09% for the day. Conversely, optimistic data from the United States has had a significant impact on strengthening the greenback and acting as a resistance for the NZD/USD pair. Market participants will closely monitor Federal Reserve Chairman Jerome Powell's speech this week. Officials' less hawkish tone may limit USD's price increase compared to its competitors.
by Samson-FX
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
GBPUSD slides along the bottom to continue searching the bottomLet's delve into the current market conditions. Today, the GBP/USD pair is experiencing a series of discounts that began on September 20th, trading below the 1.2150 mark. The positive economic data from the United States is intensifying the pressure on this particular currency pair. If the pair manages to maintain stability above 1.216, there is a possibility of recovery towards 1.2230 (the midpoint of the decreasing channel) and within a range of 1.2250-1.2260 (wherein we observe a gradual decrease in upper limits and static levels). On the other hand, it appears that short-term support has formed around 1.2170 level mark. A breach in this level could potentially lead to further discount opportunities towards 1.2130 (a static level maintained since February) and ultimately reach down to psychological levels at around 1.2100. Overall, these factors contribute significantly to shaping today's market landscape for GBP/USD trading activities through continuous assessments and analyses
Short
by Samson-FX
GBPUSD continues to decline deeplyGreetings to everyone. The pair of GBP/USD is currently experiencing a downward trend, with the current trading value at 1,2141. This decline can be attributed to the sudden suspension of interest rate hikes by the British Bank (BoE), while the Federal Reserve (Fed) has indicated a more hawkish stance and hinted at potential future interest rate increases. The discrepancy in monetary policies between BoE and Fed has put significant pressure on the pound (GBP) and is posing challenges for the GBP/USD pair. Attention about news: At the end of the day, the US Census Department will publish durable orders for August. This is expected to be a positive news for GBPUSD.
by Samson-FX