AngelScalping

AngelScalping

Intro Gold Gold price hangs near daily low amid modest USD strength, cautious market mood lends support. Gold price drifts lower for the second straight day amid reduced bets for a larger rate cut by the Fed. An uptick in the US bond yields underpins the USD and further contributes to the intraday downfall. Worries about an economic downturn in the...

AngelScalping

Intro Gold Gold price continues to draw support from bets for a 50 bps Fed rate cut in September. Falling US bond yields and softer USD also act as a tailwind for the non-yielding metal. Bulls, however, seem reluctant and await the release of the US NFP report on Friday. Price Tag Sell at 2526 - 2530 SL at 2533 TP at 2440

AngelScalping

INTRO USoil WTI holds below $73.50 amid slow China demand, halted Libyan exports West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $73.30 on Tuesday. Slowing manufacturing activity in China in August exerts some selling pressure on the WTI price. However, supply concerns surrounding Libya's oil output might cap its downside. Price...

AngelScalping

BTC Information Bitcoin Could Drop 20% After Fed Rate Cuts in Bearish Case, but Weak September Presents Buying Opportunity: Analysts Bitfinex suggested bitcoin could fall to as low as $40,000 in a bearish scenario.

AngelScalping

Golden Information Gold prices fell during the North American session as traders returned to their desks following the Labor Day holiday. Data from the United States (US) hinted that business activity contracted, though traders bought the Greenback. The XAU/USD trades at $2,490, down 0.34%. Gold prices fall despite stronger US Dollar amid economic slowdown...

AngelScalping

INTRO Current Status 1.Gold prices fall despite stronger US Dollar amid economic slowdown signs. 2.US ISM Manufacturing PMI remains in contraction; employment sub-component improvement offers market some relief. 3.Despite a drop in 10-year Treasury yields to 3.84%, Gold only briefly recovers after dipping to $2,473. Gold price is upwardly biased, even though...