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...
Hello Everyone Price Grabbed buyside liquidity and now it's coming down to take sell side liquidity. Sell confidently with proper risk management. Good luck.
Gold prices attracted renewed buying pressure on the first day of a new week and continued to rally above $1,945 during the Asian session. . The mixed monthly jobs report from the United States (US) on Friday ensures that the Federal Reserve (Fed) will keep interest rates unchanged at its September policy meeting, so this is considered is beneficial for Gold...
What are the opportunities for gold today? after retesting the 1915-1916 resistance, we see the bulls were dominating yesterday as the market price went up. I myself predict that the bears will attack and lower the price of gold when EMA 34 and EMA 89 intersect. The possibility for the bulls to push the price to 1935 and test the upper resistance (in fibonacci)...
The world gold price fell sharply to the threshold of 1,930 USD/ounce in the context that the DXY index (measurement of the volatility of the USD against 6 major currencies in the world) increased rapidly to 104.6 points. The greenback rose as the Fed was about to have a meeting on September 19-20. Market signals suggest that the US central bank may not raise...
In the current situation, the Fed has put an end to a string of rate hikes after the release of a report showing that the US unemployment rate has soared and wages have risen modestly, but labor market conditions are supporting consumption. It is possible that Polish. The dollar index also dropped 0.2%, making bullion more attractive to holders of other...
Gold prices attracted new sellers after the Asian session jumped to the $1,944 region on Friday and hit a new daily low in the past hour, albeit to no avail. XAU/USD is currently trading just below $1,940, virtually unchanged today, as traders patiently await closely watched monthly jobs details from the United States (US) ahead when betting in new...
Gold prices traded with a negative bias for the second consecutive day on Tuesday, although lacking continuation and remaining within the familiar range maintained over the past week or so. XAU/USD is currently placed just below $1,940, down less than 0.10% on the day and pressured by a combination of factors. Despite signs that labor market conditions in the...
Edward Moya, senior market analyst at OANDA, said: “Global bond yields are surging and there seem to be concerns that global growth concerns could get even worse and that That gets people back to the dollar.” Worries about global growth, especially in China and the euro zone, have pushed haven demand for the currency to its highest in months, making gold more...
Gold did not move much yesterday as the US market was closed. However, gold still ended the day with a slightly bearish candlestick due to weak demand for gold. Gold is likely to continue trading in a tight range in the absence of the release of major US economic data at present. The price of gold could continue to fall and accumulate before there is news strong...
Gold prices extended their recovery for the third consecutive session and touched $1,950 on Wednesday. This daily increase is due to increased open interest and it suggests that additional profits will emerge in the near future. However, the next important target for the precious metal is the high of USD/troy ounce in July 1987 (July 20). Our Technical Confluence...
Gold prices were trading at $1,939.6 an ounce this morning as the US market was closed for the Labor Day holiday. Gold rose more than 1.25% last week as Friday's non-farm payrolls data showed rising unemployment and the ISM manufacturing index showed continued US industrial growth. weakness. According to Kitco News' latest weekly gold survey, more than two-thirds...
Gold prices are rising and reaching a 3-week high of 1935 USD/ounce after a series of lower-than-expected US economic data. ADP's national employment report for August only increased by 177,000 jobs, compared with expectations for an increase of 200,000 jobs. According to experts, the US stock market is trending up. The sentiment of overseas traders and investors...
Data released this week show U.S. economic growth slowing slightly in the second quarter of 2023 from earlier reports, while the number of available jobs in the U.S. fell to low levels. Due to an easing labor market, it is scheduled for July 2023, just under two and a half years later. The dollar index has fallen about 1 percent since the start of the week, U.S....
EUR/USD reverses from the weekly top while posting the first daily loss in three around 1.0860. The Euro pair marks the trader’s positioning for the top-tier German and the US data.
Gold (XAU/USD) lacks bullish momentum at three-week highs, hovering in the $1,937-38 range by year-end, as traders look for more clues to confirm the dovish trend of gold. The United States Federal Reserve (Fed) globally. Upbeat US data earlier in the day. Also challenging XAU/USD gains are mixed concerns about US-China relations and sluggish US Treasury...
Gold (XAU/USD) prices defended the previous weekly recovery, for the first time in five weeks, as it rallied for the second day in a row amid broad-based US Dollar weakness. Also, the strength for the XAU/USD rally is cautious optimism in the market, as well as falling Treasury yields. It is worth noting that the US Dollar Index (DXY) encourages reliance on Fed...
According to Kitco, the world gold price recorded at 5:00 am today in Vietnam time for spot at $1,937,225 per ounce. Converting the current exchange rate at Vietcombank, world gold is about 55,815 million VND/tael (excluding taxes and fees). Thus, the price of gold bars of SJC is still higher than the international gold price of 11,735 million VND/tael. Gold...