It would be wise to wait for the next strong buying wave before placing new bets on the rise of XAU/USD. Market participants are currently anticipating the release of PMI flash prints, which will provide a fresh insight into the global economy's health. Conversely, this will impact market risk sentiment, leading to increased demand for traditional safe-haven...
OANDA:XAUUSD The Gold price is experiencing an upward trend for the third day in a row due to various factors. The safe-haven XAU/USD is benefiting from a decrease in risk, which is leading to a slight decline in the US Dollar. Traders are closely monitoring upcoming data releases and central bank events this week, as they may provide new insights and...
OANDA:XAUUSD The price of gold is currently moving in a lateral direction, hovering around the $1,930 mark. Traders are anticipating that the Federal Reserve (Fed) will maintain interest rates at their current levels of 5.25% to 5.50% during its September meeting. The focus is on the upcoming Fed meeting, which will take place before rate decisions from the...
Gold remains pressured around $1,925 on Fed's hawkish stance The price of gold continues to decline for the third day in a row, hovering around $1,925 during Asian trading hours on Thursday. As anticipated, the Federal Reserve (Fed) of the United States decided to keep the current benchmark policy rates unchanged at 5.5% during their meeting on Wednesday. ...
This narrative has helped US Treasury bond yields regain their upbeat momentum, with the benchmark 10-year Treasury yield sitting at the 16-yeat high of 4.3720%. The US Treasury bond yield rally could resume its uptrend on a hawkish Fed rate hike, extending the pullback in Gold price toward the $1,900 level. Conversely, Gold price could see a fresh upside toward...
OANDA:XAUUSD The price of gold stays steady at around 1,932 as significant central bank events approach. It is widely anticipated that the Federal Reserve (Fed) will maintain interest rates within the range of 5.25% to 5.5%. Traders will be closely monitoring the monetary policy meetings of the Fed, Bank of England (BoE), and Bank of Japan (BoJ).
OANDA:XAUUSD The price of gold has gained strength following positive data from China and new fiscal stimulus measures. The US Dollar (USD) has retreated from its six-month peak, providing additional support for the precious metal. Increased bond yields in the US may also help limit the correction of the US Dollar (USD).
OANDA:XAUUSD Despite a slightly higher inflation report, the gold price is facing difficulties in making a definitive move. The US Dollar is showing reduced volatility even though the increase in headline CPI did not support those who favor tighter monetary policy from the Federal Reserve. The upcoming release of the US PPI and Retail Sales data could...
OANDA:XAUUSD The price of gold has caught the attention of buyers for the second day in a row, as it benefits from a combination of factors. Concerns about a potential global economic decline and worsening relations between the US and China are driving investors towards the safe-haven metal. Additionally, profit-taking on the US Dollar is being prompted by...
OANDA:XAUUSD The price of gold is currently trading sideways as the US dollar retreats. The improvement in US Treasury yields has the potential to put downward pressure on gold prices. China's disinflationary pressures have also had an impact on the yellow metal. During the early trading hours in the Asian session on Monday, gold is trading around $1,920...
OANDA:XAUUSD The gold price is currently trading without a clear direction as investors are now paying more attention to the upcoming US inflation data. There are concerns among investors that any potential increase in the Consumer Price Index (CPI) could raise the chances of the Federal Reserve implementing a final interest rate hike. Although it is possible...
🍀Gold price trades higher around $1,930 a troy ounce, rebounding from the losses registered in the previous week. The pullback in the USD is providing support in strengthening the prices of Gold, which could be attributed to the lower likelihood of the US Fed keeping interest rates unchanged in the upcoming September. 🍀Gold price increased in today's Asian and...
Hello dear traders! Nice to see you all again to explore and discuss today's market! Currently, the gold price has had a slight decrease from the previous session after reaching a peak of $ 1,952.79 / ounce, the highest this month, then falling to $ 1,936 / ounce. Gold is expected to see significant changes ahead of the Federal Reserve's upcoming monetary policy...
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...
Reason For First Bullish 1. Inverted Bullish Hammer 2. Fake Bearish Spinning Top wgich make the retracement towards the Nearer Resis 1937-40 Reason For FALL/SELL 1. Double Top Formation @ 1940 2. Obey Strong Resistace and trend lINE @ 1940 3. Symmetrical Triangle Breakout Over Sell region Expectecd Over Possible Outcomes XAUUSD SELL @ 1935-40 SL 1955 TP...
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.
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...