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...
The gold price trend forecast, despite short-term selling pressure, said analysts at Australia-based bank ANZ maintain their medium to long-term bullish outlook for the metal. precious type. Daniel Hynes, senior commodity strategist at ANZ, said that while he cannot rule out a drop below $1,900 an ounce, he sees signs of solid support in the market. While ANZ...
Gold (XAU/USD) prices remained pressured at $1,901 in the early hours of the Asian session on Wednesday as it reversed a late-Tuesday correction from seven-week lows in cautious mood context. That said, the risk aversion engendered by China coupled with upbeat US data and belligerent negotiations by the Federal Reserve, as well as fears of seeing a downgrade...
With news Core retail sales better than expected.The USD immediately benefited and pushed gold down However, when GOLD touched the H4 trend, it bounced back, causing gold to continue to enter the trajectory of the parallel trend.Gold has now bounced and created a short-term buying trend The US Dollar Index (DXY), which measures the strength of the US Dollar...
On the world market, the spot gold price on the Kitco floor at 9:46 pm on August 15, Vietnam time was at 1,906.4 USD per ounce. Gold futures are trading at $1,939.5 an ounce. Gold held its fall below $1910/oz on Wednesday, hovering near a seven-week low as stronger-than-expected US retail sales data supported the Reserve's ability to hold prices. Federal. higher...
The price of gold continues to decline as the US dollar strengthens and concerns about China's largest XAU/USD customer persist. In doing so, the precious metal fails to justify its traditional safe haven status, as well as signaling an inability to rally concerns that the Federal Reserve will maintain stable interest rates in its September monetary policy...
The radiant world gold price now continued to decline slightly with spot gold down 5.2 USD to 1,901.6 USD/ounce. December gold futures last traded at $1,933.4 per ounce, down $10.6 from the previous morning. Gold prices are trading at a five-month low, under selling pressure even as the New York Federal Reserve reported a sharp drop in activity in the region's...
World gold price this morning fell slightly with spot gold down 7.6 USD to 1,906.8 USD/ounce. December gold futures last traded at $1,944 per ounce, down $2.6 from the previous morning. December gold futures hit a five-month low at the start of the week as pressured by a stronger dollar. Early this morning, the US Dollar Index, which measures the volatility of...
xauusd day chart breakdown and going for retractement zone 2000-2005 if got retracement then fall will start 1975 to 1970 is the traget
Detailed analysis of Gold XAUUSD Past two days gold is in sell trend but can't break the weekly trend line so that trend has been changed.... AO (Awesome Oscillator) also indicates at... Even chart on Lower Lower but AO is in Higher Higher formation so that buying will be happen.... Entry will be 1964-1968. Stop Loss below 1933.... 1st supply zone is...
OANDA:XAUUSD Gold prices are looking to extend their previous rally ahead of the US NFP announcement. In the event that the US jobs data disappoints, gold prices are likely to recover above the falling 50-day moving average (DMA) at $1945. Triangle support also aligns at that level. Recall that Gold price confirmed a symmetrical triangle breakout on the daily...
Some signs of recovery in the US manufacturing sector and construction spending boosted the dollar, as markets worried that the resilience of the US economy would give the Fed enough room to keep increasing. interest rate. This concept has influenced the price of gold and most other metals, which can be lost in a higher interest rate environment. The dollar's...
OANDA:XAUUSD The US dollar is looking to stabilize after the Fed's near-weekly drop, limiting Gold's attempt to recover. A fresh rise in US Treasury yields helped bids below the US Dollar. However, a risk-on rally across Asia indices on rising expectations of Chinese stimulus could keep the Greenback bulls in check, supporting Gold prices. China's official...
Reason Behind XAUUSD/GOLD Sell 1. Last Week Rejection Over the Resistance @1980 which make the Formation of Clear Neew Downtrend Channel 2. Bearish Engulfing Candlestick Pattern Make positive for the Sell Movement Over the last week Support over 1940 which is our support and make lower as per our expectation to 1910 3.Continuation of Last W pattern still...
You can take buy n sell entries from the given zone . SL and TP will be 10 -20 pips
The price of gold is heavily influenced by the economic data of the United States. In the second quarter, the US economy experienced a growth rate of 2.4% on an annualized basis, surpassing expectations. This indicates that there are no immediate plans for aggressive interest rate hikes by the US Federal Reserve, which increases the likelihood of a smooth and...
Hey before you trade #DYOR I'm sharing my idea which is based on technical analvsis for more accuracy you can check news or event update. XAUUSD current price 1982 hit HH ON 4Hr chart now wait for retesting area near 1966 As per 4hr candle. The Major breakout area on 4H chart is still 1987 So now wait and set your positions with proper risk management Thanks...
Gold prices fell slightly on Monday as anticipation of a key Federal Reserve meeting kept investors wary at the start of the week, while copper prices fell sharply on concerns about slowing demand. The dollar rally, ahead of the Fed meeting, also weighed on metals markets, with the greenback pulling further from 15-month lows hit in early July. SELL XAUUSD zone...