GOLD ANALYSIS: GOLD has been one of the most considered safe haven against the fall of USD. Most investors turned to consider GOLD as a safe haven due to following factors: The CORE PCE fall as expected on Friday where this indicates that FED will not out more efforts for tightening since the stubborn inflation is coming close to target. FED may pause rate...
Gold traders are closely watching the potential Bear Cross on the daily chart, which is responsible for the recent decline in the price of Gold. To confirm the bearish momentum, the Gold price needs to close below the downward-sloping EMA34 and cut through the EMA89 from above. At the moment, the 14-day Relative Strength Index (RSI) is below the midline,...
Gold price prediction: XAU/USD is facing difficulties near its lowest point in several months and appears to be at risk of further decline. The price of Gold is being negatively influenced by central banks taking a more aggressive stance. Major central banks, including the European Central Bank (ECB) and the Bank of England (BoE), have indicated the possibility...
The USD is being supported by higher US bond yields, which is limiting the upside potential of XAU/USD. Meanwhile, Fed Chair Jerome Powell has restated that the Fed is likely to raise interest rates twice this year and does not expect inflation to reach the target of 2% until 2025. These statements, combined with positive US macro data released on Thursday, have...
The XAU/USD pair is being negatively affected by the moderate strength of the US Dollar. The Federal Reserve Chair, Jerome Powell, has stated that there may be two rate increases this year, and it is possible that the next policy meeting on July 25-26 could result in a lift-off. Powell also mentioned that he does not expect inflation to reach the Fed's 2% target...
Reason Behind SELL Projection 1. Breaked Support 1910 and retest For further Fall towards 1890 2. RSI 14 Below 50 which trends Bearish Trend IN 1H 3. Stochastic Overbought 5,3,3 Which make the asset Fall Overall Possible Outcomes XAUUSD SELL @ 1913 SL 1922 TP 1 1900 TP 2 1890
Investors will be closely watching speeches by top central bank officials this week, including ECB President Christine Lagarde, BoE Governor Andrew Bailey, Fed Chair Jerome Powell, and Bank of Japan Governor Kazuo Ueda. These speeches will be given at a panel discussion in Sintra on Wednesday. Additionally, Tuesday's US economic releases, such as Durable Goods...
Reson Behind the SELL Trend Projection 1. Breaked the Decending Triangle Pattern last Week 2. Breaked the Uptrend Line @ 1930 3. Breaked teh Support @ 1930 4. Black three Crows Confirms the Futher SELL side Movement Overall Possible Outcomes XAUUSD/GOLD SELL BELOW 1932 SL 1962 TP 1 1890-1900 TP 2 1854
GOLD Buy trade opportunities The gold market has been experiencing a strong bullish trend but currently is taking a retracement. I have identified a support area, and if the market reaches this level, it could present a promising opportunity for a long trade.
Dear traders, we expect price to be bullish until it reaches 2000-2015 region.
According to my analysis, the next target of XAUUSD will be 1980-2010-2036-- lets see ? good luck
Gold prices steadied in a tight range on Tuesday as optimism that the US central bank won't raise interest rates this month kept the dollar under pressure. The dollar index fell 0.1%, making gold a more favorable option for foreign investors. Yields on 10-year Treasuries also fell after weaker US services data on Monday. Lower interest rates tend to lift the...
The world gold price suddenly increased by tens of USD/ounce when the market received many influencing factors. Specifically, the Institute for Supply Management (USA) announced the non-manufacturing index for May 2023 at 50.3 points, down 4 points compared to the previous month's 51.9 points. Market participants are struggling to predict the upcoming monetary...
Reson behind the XAUUSD SELL 1. Technically Candle stick formed the Bearish Engulfing Which pushes the Safe heaven to Montly Low 1880 2. Bearish M Pattern formed and make the Target to 1880 which break through 1930 which is last week support 3. Fundamentally DXY break the 102.8 and make the continue in uptrend which make XAUUSD lower Overall Possible...
Today, i will like to talk about GOLD which has given us quite interesting price action, i will be looking for buy position based on my analysis.
Hi To All, This is my first time publishing my ideas so basically market test the area 1930.37 my analysis shows that the market after retesting it can go to 1968 . i can't guarantee that it will go , but there is an assumption that it can go to the 1968 level
On 22 may take trade on gold as marked but unluckily my trailing sl hit and go to my target. i dont take trade after hitting my trailing sl aggressively. now i want to capture a move so i try to take on poi zones on buy side..with small sl gold looks like uptrend starts but not sure about it..