Price reflection through Waves We all know that price does not moves in a straight line, it moves in waves. A graphical representation of price with respect to time always gives us a wavy structure. If you notice carefully, on any chart, these waves reflect different characteristics. Some will be longer and quicker than the others while some will be smaller and...
Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (27-03-2024)) Current price- 2190 "if Price stay above 2182, then next target is 2200 and 2214 and below that 2162. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of...
Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (26-03-2024) Current price- 2196 "if Price stay below 2209, then next target is 2185 and 2164 and above that 2222. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of...
Gold prices rose on expectations that the Federal Reserve will cut interest rates this year, although traders are still waiting for inflation data this week to confirm the timing of a rate cut. Spot gold closed at around $2,171.5 an ounce yesterday U.S. sales of new single-family homes unexpectedly fell in February after mortgage rates rose during the month, but...
Hello everyone, let's find out how the price of gold fared last week and strategize for the upcoming week! Last week marked a significant moment for gold as it reached an all-time high of nearly $2222 USD. Market news, particularly rumors of the Federal Reserve cutting interest rates this year, played a crucial psychological role for investors, leading to...
Due to the announcement of an escalation in hostilities by the Houthi armed forces, market sentiment has once again turned to risk aversion following the opening of the European session today. Gold, affected by this sentiment, rebounded in line with the prevailing trend. Furthermore, institutional buying pressure, combined with bullish sentiment, has propelled...
The U.S. dollar rebounded 0.8% on Thursday after falling to a one-week low, causing gold to post a slight profit-making correction from highs. An unexpected rate cut by the Swiss National Bank on Thursday boosted global risk sentiment and underlined the dollar's appeal amid strong U.S. economic growth. In the global market, the United States remains the only...
This week, the gold market has witnessed a strong bullish momentum, while the bears have incurred certain losses. Bulls have been consistently pushing the market higher, even amidst significant retracements, which seem to be aimed at enticing bears into the market. While a topping signal has appeared on the weekly chart, the signal on the daily chart remains...
Let's delve into the motivation behind today's gold market! Early on Tuesday, gold slightly surpassed the crucial $2,150 mark due to predictions of the Federal Reserve cutting interest rates this year. Comments from Fed officials, indicating a dovish stance, have put pressure on the US Dollar, thus providing significant support for gold priced in USD. Looking at...
Judging from the operating rhythm of gold today, the overall rhythm is still fluctuating around the U.S. Index. Therefore, whether there is room for gold to continue to rebound in the future also depends on whether the U.S. Index can further retreat and adjust. If the corresponding U.S. Index If it can retrace to around 104, then gold will most likely test the...
Geopolitical tensions remain high, even as Federal Reserve officials continue to be hawkish. But gold continues to hold strong, with higher lows Gold prices rose as investors awaited key U.S. inflation data later this week that could provide more clues on the Federal Reserve's policy path. Spot gold closed at around $2,194.0 an ounce. Fed Governor Waller said...
Wolfinance star analysts believe that although the overall performance of the U.S. economic data released last week was strong, supporting the rise of the US dollar and hindering the rise of gold, the Federal Reserve reiterated that it will cut interest rates three times this year, and investors have high expectations for the Federal Reserve to cut interest rates...
After the gold daily line experienced a wave of highs and declines and closed the extremely long upper shadow line, it closed negative again, with continuous negative lines falling back, and the disk price has returned to the original correction area. Regarding the next trend of gold, we need to pay attention to the following points: First, from the perspective of...
Hello to all the friends reading this article at the moment, and I wish you a pleasant weekend! During weekends, I tend to engage in habitual analysis to help everyone understand the market trends. This way, when facing the market on Monday, we can respond calmly. Additionally, for those who hold long or short positions, I will provide specific solutions. The...
Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (25-03-2024) Current price- 2176 "if Price stay below 2192, then next target is 2162 and 2150 and above that 2200. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of...
Gold technical analysis: Based on the daily chart of gold, last week saw a spike to the 2222 level, establishing a new historical high before retracing back to the 2157 level. Although there was a certain degree of rebound at the beginning of this week, especially on Tuesday when it briefly surpassed the 2200 mark, the gains were ultimately retraced, with two...
The global price of gold has seen an impressive increase, rising by $38.8 to $2,233 per ounce, marking its strongest month of activity in over 3 years. This surge has been driven by expectations of interest rate cuts in the US and strong demand for safe-haven assets. Spot gold has risen nearly 2%, reaching its highest point since July 2020 with a 9% increase,...
Hello traders! Gold continues to tread water, maintaining stability around the $2077 level after touching $2200 yesterday. As the days go by, traders eagerly await the final GDP estimate from the US on Thursday, along with data on jobless claims and weekly personal spending. Additionally, the release of the US PCE Index on Friday could be a significant event risk...