The gold market is showing signs of a slight recovery, but I personally see a possibility of a decline when EMA34 and EMA89 intersect. Please follow some important news I just compiled: Experts gradually lose confidence in the future of precious metals. Kitco News' survey of gold price forecasts this week with 13 Wall Street analysts, 4 people, or 31%, expect...
⚡️In a speech at the central bank conference in Jackson Hole, Wyoming, Fed Chairman Jerome Powell said inflation remains too high even with recent favorable figures and that the US central bank has room to substantial basis to regain price stability. But at the same time, Powell noted that economic uncertainty calls for "aggressive" monetary policymaking and that...
Gold price regains positive traction and remains within the striking distance of a one-month top. Expectations that the Federal Reserve is down with its rate-hiking cycle underpin the XAU/USD. A positive risk tone might hold back bulls from placing aggressive bets and cap any further gains. On the hourly time frame, the ascending channel resistance was previously...
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 reaching a one-month high on the first day of September 2023, the global spot gold price hovered around $1,930 per ounce. Traders' and investors' risk appetite plunged to its lowest level in a short trading week on the back of US holidays and news about the Chinese economy. History shows that September and October can be volatile for stock and financial...
Most US markets are closed for trading during the Labor Day holiday. World gold prices fluctuated slightly this morning, supported by a slight decline in the USD as market participants became more and more confident that the US Federal Reserve (Fed) may have completed interest rate increase. Traders are all betting the Fed may have finished raising rates after...
More than two-thirds of retail investors expect precious metal prices to rise, according to Kitco News' latest weekly gold survey. And after weeks of caution and controversy, economic analysts are also optimistic about gold. Specifically, 64% of Wall Street analysts surveyed expect gold prices to rise this week. Sixty-seven percent of retail investors who took...
The world gold price reversed to decrease because on August 31, China announced that the purchasing managers index of the manufacturing sector in August had increased to 49.7 points. Although this is the 5th consecutive month this index has been below the expansion threshold of 50 points, it is much higher than the 49.3 points in July and the 49.4 points...
World gold price on Kitco opened the trading session at 1936.6 - 1937.6 USD/ounce. During the weekend session, gold prices fluctuated between 1914 - 1939.2 USD/ounce. Gold prices hit three-week high. A much weaker-than-expected U.S. job turnover report (JOLTS) and a much weaker-than-expected consumer confidence index boosted buying demand with precious...
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...
⚡️Due to higher US bond yields, gold prices held steady near 5-month lows. Markets prepare for the Fed's Jackson Hole symposium for more directional hints on future interest rate cases. ⚡️In recent times, macro data and comments from Fed officials are supporting the possibility that US interest rates will likely continue to rise and stay high for a long time as...
Reason Behind XAUUSD Buy Limit 1. Clearly Obey the strong Support @ 1850 which is 8 month Low 2. Obey the Downtrnd Line and retest the trendline High of 1930 which is Upper Line Overall possible Outcomes XAUUSD BUY @ 1850 SL 1830 TP 1930
⚡️ China is in trouble, especially in the real estate sector. These fluctuations have an impact on the price of gold (XAUUSD), represent volatility in the market and affect investors. ⚡️ From a technical perspective, the daily chart of the XAU/USD pair suggests that the decline will continue. The pair peaked near the 200 simple moving average (SMA) and then...
OANDA:XAUUSD prices recently dropped to a low since March of last year, putting pressure on the $1890 area. Market participants are feeling nervous about the changes, especially after the Fed (US Federal Reserve) expressed concern about inflation and the possibility of interest rate hikes. While the US is not the only country facing the challenge, the situation...
gold weekly possibility. upcoming weekly possibility so enjoy the trade with sl. next sell zone 1912,1917,1922,1932,1940-1945, possibolity
Around 6 am on August 18, the price of gold traded at 1,890 USD/ounce, down 15 USD from the highest price last night at 1,905 USD/ounce. Gold prices in the international market continued to weaken as investors feared risks after the US Federal Reserve expressed concerns about inflation, leaving open the possibility of interest rate hikes. US monetary...
The dollar strengthened after some disappointing Chinese economic indicators stoked concerns about global growth, boosting demand for the safe-haven greenback. Recently, the dollar rose on concern that prolonged inflation will cause the Federal Reserve to keep interest rates higher for longer than previously expected by traders. The USD is also increasing in the...