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...
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 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...
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...
Reason Behind XAUUSD Sell 1H 1. Market Clearly in Downtrend in 1H time frame 2. Restesting Yerterday and Major Support @ 1952 3. We entered the trade @ 1962 which is our major Resistance 1 4. Stochastic Overbiught in 1H 5. RSI 14 around 50 which Makes the bearish trewnd in 1H Overall Possible Outcomes
Reason For Bullish 1. RSI 14 Above 50 and tends the Market Trend Continuation In 1h 2. Stochastic Oscillator Oversold and ready to Move above 20 and Pushesh Higher High 3. Three Black Crows Formation Indicates Bullish formation
This is for long term Before entering your trade do your own research!