Gold prices established a new level of support amid persistent dollar weakness, while copper fell sharply on worries about importers. The yellow metal traded close to a one-month high, tracking the dollar's slide to 15-month lows after a series of weak U.S. inflation indicators fueled fish stocks. bet that the Federal Reserve is about to hit its highest interest...
The yellow metal has found support above $1,950, keeping it above year-to-date lows and within sight of a record high. But gold prices stalled around these levels, awaiting fresh signals from the central bank ahead of next week's closely watched Fed meeting. The prospect of interest rates staying higher for longer also limited the outlook for gold, as well as...
This is the chart of gold 1987 is major resistance and buying is from 1963 level if it takes support
XAUUSD Expecting Movement Based on July 15 Jobloss claims and Today, .S. NY Empire State Manufacturing Index expecting Negative for DXY. Let see, If today news NY Empire State Manufacturing Index favor for DXY then we may se gold drop to 1924, if Negative for DXY, we can see 1978.
Gold is near its Trendline resistance of falling wedge. Above 1940 gold will breakout of falling wedge pattern. With DXY being week, it’s a good opportunity to buy Gold above 1940 only Gold is also forming HL and HH which is clear indication that the trend will change soon
Gold and Silver have both rallied strongly last week, they are now above the key resistance levels. Silver especially looks much better placed to rally compared to Gold. With the supports close by now there is a good chance that we see a good rally in the bullion.
Presently conditions look like Gold is near weekly and significant supply zone. There is a chance of retracement near 1936-1940. If the 4Hr price closed below 1933, sell on the rise and keep stop loss 1935.
World gold price on the first day of the week tended to decrease with spot gold down 1 USD compared to last week's closing level to 1,953.4 USD/ounce. Last week, the world gold had a 2nd consecutive week of gains when the published inflation reports reduced expectations of interest rate hikes by the US Federal Reserve (Fed). Kitco's recent survey results show...
Gold price reverses the previous week’s retreat from an eight-week-old descending resistance line, grinding higher past the 100-bar Exponential Moving Average (EMA). However, the nearly overbought RSI (14) suggests another pullback from the aforementioned immediate resistance line, near $1,962 at the latest. With this, the XAUUSD is likely to break the immediate...
Gold i seee a comple W patten at 1957-1960 levels with OB and Resistance at 1953-1957 Gold sell 1957-1953 Safe sell 1960-1957 Tp -1952,1950,1947,1945
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My analysis based on COT data and liquidity. I have observed the increase in long and net positions and marked demand zones accordingly. This analysis is for 17th july
in this video i mainly focus on confirming high and lows with proper logic
Gold currently consolidation on 1hr Tf. wait for 1 hr candle close below 1952.50.