Gold prices continued to drop significantly this morning, with spot gold falling $13.4 to $1,943 and August futures trading at $1,956, down $14 from the previous day. This decline is due to reevaluation of rate expectations after the Fed's decision last week.
The latest inflation report shows a mixed outlook for the US. While the CPI index has dropped to a low of...
FOREXCOM:AUDCAD
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 again bounces off the 100-DMA after five consecutive attempts to break an important moving average that has been pushing back bears since late May. Adding strength to the said DMA support is the 50% Fibonacci retracement of its late February to May upside, near $1,940. It’s worth noting, however, that the oscillators portray a grim picture for the XAUUSD...
This can be a good buy entry. This is #smc based & multi confirm entry based, but You take your entry only after multiple confirmation And do take care of your risk management.
Gold prices fell during the midday trading session in the US on Monday due to a strong US dollar index, a sharp drop in crude oil prices, and an increase in US Treasury bond yields.
The market is relatively calm before the Federal Reserve's FOMC meeting, which will end on Wednesday with Chairman Powell's statement and press conference. Despite earlier...
Gold prices were lower during the midday trading session in the US on Monday. The trio of falling external markets - a stronger US dollar index, a sharp drop in crude oil prices, and an increase in US Treasury bond yields - are putting pressure on the precious metal today. The market is relatively calm ahead of the US central bank's monetary policy meeting and...
Gold prices on June 12 stood at $1,956, a slight decrease of $4 from the previous week's close. While market sentiment towards gold remains optimistic ahead of the Fed's monetary policy meeting, experts warn investors not to expect prices to exceed $2,000 this week.
Due to market volatility, investors should wait for a strong breakthrough in gold prices before...
Gold has found strong short-term support between $1,932-$1,940 and has been testing it for the past two weeks. The current spot price of gold is at $1960 and is trying to break through the 20-day moving average, which has affected the precious metal in the previous month. The upcoming week's schedule will determine the short-term future of gold.
Retail trader...
Gold prices rose due to a decrease in the USD, but investors remain cautious about the Fed's interest rate strategy and other economic signals. However, gold prices are still close to their lowest level of the previous session as investors wait for signals from the Fed before making investment decisions. The USD Index decreased by 0.2%, providing support for the...
This can be a good entry in the 15th min chart. Take entry only after multi confirmation.This can be a good entry for a short time. Always keep in mind your risk reward.
Despite bracing for the second consecutive weekly gain, the Gold buyers appear running out of steam as the metal stays within a three-week-old bearish triangle, recently bouncing off the chart pattern’s bottom line. The latest recovery may initially gain momentum on breaking the weekly resistance line, around $1,965 by the press time, which in turn can challenge...
