Spot gold continued to show an adjustment trend this week due to factors such as profit-taking by bulls and the dissipation of geopolitical risks. The market price continued to fall, reaching the lowest level of 2277.18. Although the closely watched non-agricultural data was bullish for gold, the boost to gold's performance was limited. The price of gold shot up...
Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (09-05-2024) Current price- 2317 "if Price stay below 2327, then next target is 2307 and 2293 and above that 2342. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of...
2345 Is Going to be the Zone. If Respected Then 2230 Zone or 2265 Zone could be tested in Coming Weeks.. If Broken Then 2395 Zone could be tested in Coming Weeks.. 3 Possible Scenarios Planned Out.. A - Green B - Yellow C - Red In terms of Probability B>C>A This Looks More Likely. Share Your Thoughts in Comments section.
Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (07-05-2024) Current price- 2323 "if Price stay below 2338, then next target is 2314 and 2300 and above that 2370. -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 (10-05-2024) Current price- 2366 "if Price stay below 2382, then next target is 2355 and 2342 and above that 2395. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of...
Hello everyone, it's RKarina again! Today, gold prices continued their recovery since Monday, with the metal up more than $25 since the start of the new week. Although gold has experienced two consecutive weeks of price declines after a 5-week recovery streak, overall investor sentiment is still optimistic about this precious metal. From chart analysis, we see...
"Gold (XAU/USD) attracted some buyers during Asian trading hours on Wednesday. Safe-haven demand, driven by geopolitical tensions and political uncertainty, as well as central bank buying activity, may contribute to pushing gold prices higher. However, hawkish remarks from Federal Reserve officials could dampen hopes of interest rate cuts in 2024, despite...
Global gold prices have continued their upward trend, with gold prices reaching $2,360/ounce. This is the strongest increase in 5 weeks, as more and more investors expect that the US Federal Reserve (Fed) will soon adjust monetary policy towards loosening. This optimism is further reinforced by recent economic data, which shows a slowdown in the US economy,...
Hello dear traders Today let's explore the price of gold together! Gold recovered slightly after a volatile Friday, trading steady around $2,310 and up 0.34% on the day. In terms of short-term outlook, gold appears to be moving sideways and is still in an accumulation phase with expected swings between $2325 and $2290. Pay attention to the marked points to find...
Hello dear friends, let's understand today's gold price! Currently, today's gold price continues to move above 2,300 USD and has not changed much compared to the same trading session yesterday. Accordingly, Gold remains at familiar levels in the context of rising US Treasury bond interest rates and a strong US dollar. Traders await unemployment claims on...
Everyone, let's find out what's new in the gold market today! Yesterday, gold saw a significant breakthrough, as the metal rose from around $2300 USD to as high as $2350 USD at the moment, completely shedding previous bearish sentiment. The weakening of the USD has strongly supported the upward trend in the price of this precious metal. In addition, gold prices...
process to follow current market with EG system. Hope it is helpful to you guys
Hello everyone, today we will learn about the gold market to determine whether this is the right time to buy or sell. Starting with the current gold price chart, we see that the gold price has increased by more than 6 USD, currently sitting at around 2131 USD. Even so, there haven't been any significant breakthroughs. Gold prices remain stable around 2,305 USD,...
Hello all dear traders! Gold price today decreased by 15 USD compared to last night's highest price of 2,325 USD/ounce. Accordingly, Gold decreased slightly as investors focused more on the prospect of interest rate cuts from the US Federal Reserve (Fed). According to CME's FedWatch tool, futures traders believe there is about a two-in-three chance that the US...
Dear friends, On the daily chart gold closed with a doji candle and this could be a sign that on Monday we see a following red candle. We see that gold is getting a lot of support between 2290 and 2280.If the price closes below these levels we can look for prices around 2264/2254 and maybe even 2240 and after that 2220 but 2264 look more achievable for this week...
From a technical analysis, the daily chart of gold showed a strong performance Thursday, closing as a big positive line and directly breaking through the middle track of the Bollinger Bands. Under a bullish trend, the market turns from weak to strong. The next step of focus will be the high point of the daily Bollinger Band track, which is expected to be located...
World gold price is currently trading around 2,320 USD. “The recent decline in gold prices that we have seen over the past few weeks may be weakening,” one expert noted. US employment data has weakened the USD, creating an opportunity for world gold prices to increase." According to technical analysis, in the short term, gold's next resistance level is 2,360...
Gold showed weakness immediately after the opening yesterday. Although the European market rebounded slightly, the US market once again shot up to around 2323 and then began to fall back to around 2307. Although there is another upward move this morning, bears are still expected to fall. Considering that the overall trend in the early stage is weak, the morning...