Hello gold enthusiasts! 🌟 As the US Dollar Index cools, gold's glowing appeal persists, with today's trading keeping the precious metal at an impressive $2,345—a gain of 0.26% on the day. However, with a series of consecutive price increases, gold faces a wave of profit-taking. Even so, the metal's shine has not dimmed, fueled by three powerful undercurrents...
Gold prices plummeted, dropping 20 USD after just 30 seconds after the US inflation announcement, exceeding market expectations. Inflation in March increased by 0.4%, exceeding the forecast of 0.3%, putting the Federal Reserve (Fed) in a difficult position in making future monetary policy decisions. Inflation increased 0.4% in March, pushing the annual interest...
Gold is heading towards its eighth consecutive record-breaking day, showing no signs of slowing down to provide better entry points for the upward trend. The precious metal has few indications that the price increase will be threatened, and the CPI index will be the focus of today's trading. Looking back at recent days, even the NFP couldn't weaken gold, so it's...
Geopolitical risks are one of the important factors behind the recent rise in gold prices. The progress of ceasefire negotiations in Gaza, Iran's threat to the Strait of Hormuz, and the Russia-Ukraine conflict have all triggered risk aversion in the market and promoted the rise in gold prices. Investors need to continue to pay attention to developments in the...
Gold followed the pattern of big opening and closing after the U.S. market on Wednesday. After the CIP data was released, gold fell rapidly, hitting the 2319 line as low as possible. Then the market began to shift from extremely strong to weak. Judging from the trend of the 4-hour chart, this wave of adjustment of various indicators has just begun, so there is a...
Currently gold is trading around 2330 level, as per the RSI divergence it is overbought so correction may come. This post is purely for an educational p OANDA:XAUUSD urposes only!
The current fluctuations in gold prices are mainly affected by market news, and the rise and fall depend on the intensity of the selling. whether it is the impact of risk aversion caused by war factors or the economic impact of whether the United States cuts interest rates, it is undoubtedly supporting gold. If it continues to rise, then as long as there is no...
From a technical analysis, gold has been seriously overbought, not only on the daily and hourly charts, but also on the weekly level. In the past month or so, gold's crazy rise has been mainly based on expectations of an interest rate cut by the Federal Reserve. The trend of gold hitting new highs has caused the entire financial market to be shrouded in the...
The relentless surge of gold to a new record high in the opening session of April is being driven by predictions of US interest rate cuts and its appeal as a safe haven asset, currently holding steady at around $2,255. The real driving force behind gold's upward trajectory is the growing belief among investors that the US Federal Reserve will loosen monetary...
Gold Spot Below $2355 Weak, Gold Correction Possible, If Break and close above $2355 traget $2394——$2423
Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (03-04-2024) Current price- 2272 "if Price stay above 2252, then next target is 2286 and 2300 and below that 2230. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of...
30 min time frame XAUUSD INFO KATTA ALGO SIGNAL BUY & HOLD
Gold may make some bearish momentum below 2333.806 Set SELL STOP at 2333.806 with SL 2336.300 & TP 2325.556
Just sell for some days if you are a trader, If you're a investor then hold for multiyears. I am a trader so I am going to short . Reason lots of people trying to buy the gold now . This is not right time wait for some days. Because already central bankers bought at low price,but you guys hear the news late And you tend to buy ,they are going to offload now to you...
As per the chart, some corrections have been seen around 2352 (which I have posted already) on Gold. So it does. Now buy on deeps around 2310 for the target of 1:2 RR or 1:3 RR.
The bullish trend of gold is obvious. In the current global environment, the factors driving the rise of gold prices have gone beyond a single decision to increase or decrease interest rates on the US dollar. The global political situation is turbulent, the economy continues to slump, and the conflict between Russia and Ukraine has fallen into a long-term tug of...
Dear friend, Today, gold ended the trading session with a significant price increase. The precious metal reached a high of around $2330 after touching $2270, gaining $60 in just one day. You may be wondering why gold is rising so strongly. In terms of international market information: Despite better-than-expected US employment data, the global gold price...
This week, gold turned negative after experiencing three consecutive positives, leaving a long lower shadow. Although there have been many negative factors this week, such as last week's non-agricultural data, gold prices can end up bottoming out and rising every time, and this time is no exception. After stabilizing at 2320, the price of gold bottomed out again...