Reason For First Bullish 1. Inverted Bullish Hammer 2. Fake Bearish Spinning Top wgich make the retracement towards the Nearer Resis 1937-40 Reason For FALL/SELL 1. Double Top Formation @ 1940 2. Obey Strong Resistace and trend lINE @ 1940 3. Symmetrical Triangle Breakout Over Sell region Expectecd Over Possible Outcomes XAUUSD SELL @ 1935-40 SL 1955 TP...
Reason Behind XAUUSD Sell Projection 1. Stochastic Overbought above 80 and ready to make a Fall 2. RSI 14 Below 50 Which Makes the sell trend In 1h Timeframe 3. Market Clear ON Downtrend and Make the Sell Direction Overall Outcomes XAUUSD SELL @ 1920-23 SL 1927 TP 1910
After experiencing a five-day losing streak, the Gold Price is beginning to recover from its recent losses at a weekly low. The decline in price can be attributed to the strength of the US Dollar and ongoing concerns about China's economic situation. The positive United States data and discussions by the Federal Reserve have caused yields, as well as the US...
OANDA:XAUUSD The downward trend of the gold price (XAU/USD) continues as the US Dollar remains strong, driven by negative market sentiment and consistent job growth in the United States. The yellow metal is under pressure because it is expected that the Federal Reserve (Fed) will maintain higher interest rates for an extended period. The appeal of the US...
OANDA:XAUUSD The bullish bias of the gold price is diminishing as full markets resume after a long weekend in the United States. XAU/USD buyers are experiencing mixed sentiment due to uncertainty regarding China and the Federal Reserve. The calendar will be adorned with important events such as the release of China Caixin Services PMI and US Factory Orders. ...
OANDA:XAUUSD The price of gold increased for the second week in a row due to concerns about the weakening US job market, which led to speculation that the Federal Reserve may adopt a more accommodative stance. If the support level of $1,950 is established, there is potential for further upward movement in XAU/USD. In the upcoming week, investors will closely...
OANDA:XAUUSD The price of gold (XAU/USD) is experiencing slight selling pressure as the Federal Reserve's preferred measure of inflation remains consistent in July. Previously, the value of gold was trading sideways following a surge caused by weak labor demand due to the worsening economic forecast. It is anticipated that the precious metal will remain...
Gold price has attracted buying interest for the fourth consecutive day on Thursday, pushing it back above the $1,945 level during the Asian session. This brings it closer to a four-week high that was reached the previous day. The XAU/USD pair now has potential to continue its recovery from last week's low of around $1,885, which was its lowest level since March...
The price of gold is hovering around its highest level in three weeks, nearing $1,940, as investors await the release of important US ADP jobs data. Both the US Dollar and US Treasury bond yields are struggling due to disappointing numbers in the US JOLTS Job Openings report. In a positive move for gold, it has managed to regain its position above the key...
OANDA:XAUUSD The price of gold continues to hold steady at a two-week high, with bullish investors celebrating the weakening of the US Dollar and maintaining cautious optimism. The decline in US Treasury yields has contributed to this sentiment, as there is uncertainty surrounding the Federal Reserve's future actions and anxiety ahead of the release of Consumer...
OANDA:XAUUSD prices continue to rise for the second consecutive day and are staying near a peak that hasn't been reached in over two weeks. The decline in US bond yields is weakening the US Dollar and providing some assistance to the value of gold. However, expectations of further interest rate increases by the Federal Reserve may limit significant gains for...
The gold price has stabilized after a strong rebound, with investors eagerly anticipating new catalysts to drive further movement. Federal Reserve Chairman Jerome Powell has indicated a willingness to continue tightening monetary policy in order to maintain stable prices. Additionally, Federal Reserve Bank of Cleveland President Loretta Mester has expressed...
Reason Behind the Sell Projection 1. Market Clearly on Strong Downtrend.The Bearish Spinning Top candle Stick Pattern Confirms the further Sell Movement towards 1890 which last week Low 2. Fibo retracement Indicator indicates the assset reach the swing High 1924-1930 and then Make continuation of trend 3. Breaked the support @ 1915 and retesting teh area Again...
OANDA:XAUUSD The price of gold is pausing at the start of Friday, consolidating a four-day upward movement to reach a two-week peak of $1,923 achieved on Thursday. The US Dollar (USD) is assuming control due to risk aversion and continuing its previous surge, supported by the renewed power in US Treasury bond yields.
OANDA:XAUUSD The Gold Price has reached a two-week high, much to the delight of bullish investors who are optimistic about the early end of hawkish monetary policies. The negative activity data serves as a reminder of the obstacles faced by those advocating for "higher for longer" rates. However, this only adds fuel to XAU/USD as market sentiment remains...
OANDA:XAUUSD The price of gold (XAU/USD) is showing a gradual increase near the $1,900 level. It is getting closer to the resistance confluence at $1,910 as investors prepare for several speeches by central bankers at the annual Jackson Hole Symposium. The price of gold experiences a significant decline due to the rapid recovery of the US Dollar. The tight...
The US Dollar lost some ground on Monday, although a scarce macroeconomic calendar kept major pairs within familiar levels. The market sentiment remained sour, while government bond yields advanced, reflecting the ruling cautious stance. The US Treasury yield hit its highest since 2007, as investors are concerned global central bankers will extend the monetary...
OANDA:XAUUSD The price started the day by breaking above the downtrend line resistance at $1,904 as it attempted to recover. For gold buyers to maintain momentum from multi-month lows, they need a daily close above this level. If this scenario comes to fruition, the next upside target would be $1,900. If that is achieved, there will be a significant resistance...