Gold prices plummeted, dropping 20 USD after just 30 seconds after the US inflation announcement, exceeding market expectations. Inflation in March increased by 0.4%, exceeding the forecast of 0.3%, putting the Federal Reserve (Fed) in a difficult position in making future monetary policy decisions. Inflation increased 0.4% in March, pushing the annual interest...
Gold is heading towards its eighth consecutive record-breaking day, showing no signs of slowing down to provide better entry points for the upward trend. The precious metal has few indications that the price increase will be threatened, and the CPI index will be the focus of today's trading. Looking back at recent days, even the NFP couldn't weaken gold, so it's...
Hello gold enthusiasts! 🌟 As the US Dollar Index cools, gold's glowing appeal persists, with today's trading keeping the precious metal at an impressive $2,345—a gain of 0.26% on the day. However, with a series of consecutive price increases, gold faces a wave of profit-taking. Even so, the metal's shine has not dimmed, fueled by three powerful undercurrents...
The price of gold today continues to rise, with gold reaching $2,352.5 in the early hours of the Asian session. However, it later retreated and stabilized around $2,345. The metal's upward momentum is driven by safe-haven buying amid concerns over conflicts. Meanwhile, the market is awaiting the minutes of the Federal Reserve's policy meeting and inflation data,...
Gold price makes rounds to the record top early Wednesday as market players await the all-important US Consumer Price Index (CPI) and Minutes of the latest Federal Reserve (Fed) monetary policy meeting. Apart from the pre-data anxiety, a bearish RSI divergence on the four-hour chart also challenges the XAUUSD buyers. That said, the lower low in the RSI (14) line...
The relentless surge of gold to a new record high in the opening session of April is being driven by predictions of US interest rate cuts and its appeal as a safe haven asset, currently holding steady at around $2,255. The real driving force behind gold's upward trajectory is the growing belief among investors that the US Federal Reserve will loosen monetary...
Dear friend, Today, gold ended the trading session with a significant price increase. The precious metal reached a high of around $2330 after touching $2270, gaining $60 in just one day. You may be wondering why gold is rising so strongly. In terms of international market information: Despite better-than-expected US employment data, the global gold price...
Hello everyone, today the price of precious metals has reached a new record high due to the buying activity of central banks in Asia. A new published report reveals that the People's Bank of China has added 160,000 ounces of gold to its reserves in March. Turkey, India, Kazakhstan, and some Eastern European countries have also been purchasing gold this year,...
Hello everyone, following last week's upward trend, gold has once again started the second trading session with strong price increases. In the early trading hours, gold briefly reached $2354 but quickly retreated and is currently at $2337, marking a 0.31% increase for the day. In light of escalating tensions, gold's traditional headwinds have failed to impede...
Reason Behind Buy 1. Breaked Resistance @ 2310 2. Will Retest Trendline + Support @ 2310 3. Next XAUUSD/GOLD Move towards last week High 2331 4. Jio Politic War - Reason 1 5. US intrest Rate - Reason 2 Overall Possible outcomes XAUUSD BUY @ 2295-2310 SL 2267 TP 2330 TP 2 2400
XAUUSD currently trading at 2292 Shorting XAUUSD at CMP with 2320 SL. Target would be 2230 - 2200 - 2180 Expecting a fall soon! Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
The departure from the upward trend channel has led this product into a significant price decline. It is currently trading below the resistance levels of 2285 and 2290. A strong downward trend was established after taking profits at the $2305 mark, with stable trading activity observed on the 1-hour chart. Given these observations, it wouldn't be surprising to...
After facing rejection four times at the @2080 price level over a span of 1302 days, there's a compelling possibility of a breakout. Each rejection indicates a significant resistance point, but the frequency of attempts suggests growing pressure for a potential breakout.
Today's gold price gently adjusted, from $2,300 to $2,272, reflecting volatility but not eclipsing the long-term growth trend. In the face of inflationary pressure and positive economic data, the Fed may continue its strict monetary policy. However, policy flexibility is still the driving force behind gold prices, along with pressure from the national debt,...
XAUUSD Which is showing a great opportunity XAUUSD is ready to breakout. what is your view please comment it down. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
After rising for seven consecutive days, the spot Gold price (XAUUSD) witnessed a pullback from an all-time high and closed in the red. That said, the precious metal’s retreat remains intact early Friday as the US Dollar pares weekly losses ahead of the key US employment data, mainly the Nonfarm Payrolls (NFP). Technically, the XAUUSD justified overbought RSI...
We had a volatile day yesterday, with gold prices skyrocketing from 2275 to a new peak of 2305. Today continues to be an important day with news that could trigger a price correction. While gold is not typically a top choice for technical analysis, it is currently approaching the top of the price channel. However, we also know that gold is always a sought-after...
Market still round 2193 to 2203 Wait today...today Unemployment and Final GDP NEWS If market cross & CLOSE ABOVE 2222 next zone will me 2238-2300 If market cross & CLOSE BELOW 2145 it will be RED ROSE... then NEXT buy zones will be 2038-2025 1995-1973 1948-1931 1829-1811 Checking in day candle body doesn't close above DAY BOS in line chart seems M PATTERN...