SupperTrading-FX

SupperTrading-FX Updated 

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...

SupperTrading-FX Updated 

OANDA:XAUUSD The US dollar benefited from a fresh rise in US Treasury yields, sending gold prices plunging. Amid increased hawkish sentiment around the Fed rate outlook, all eyes will be on Fed Chair Jerome Powell's speech later Wednesday. The 14-day Relative Strength Index (RSI), suggesting that gold's downside risks remain. So, the nearest support is at...

SupperTrading-FX Updated 

TVC:GOLD price seesaws around the intraday high as it prints slight gains after dropping the most in a week the previous day. Even so, TVC:GOLD remains indecisive on a weekly basis as markets struggle to find clear direction amid a blackout ahead of the Fed and mixed feelings on growth concerns Global. Organization for Economic Co-operation and Development...

SupperTrading-FX Updated 

Gold price in a three-day rally near $1965 as the US Dollar remained bearish early Wednesday. In doing so, the precious metal also cheered hopes for more China stimulus and cautious optimism in the market amid the Federal Reserve's (Fed) policymakers' disapproval. any speech due to a power outage before the FOMC, as well as due to a light schedule. That said, the...

SupperTrading-FX Updated 

Gold price is currently fluctuating within a short-term trading range and is gradually approaching the recent support line. In the event that gold price rises above $165, it could encounter stiff resistance at $173, leading to further declines. However, if the gold price breaks through the $1,973 level, it is likely to gradually approach the $2,000 mark. The $1555...

SupperTrading-FX Updated 

Gold prices at the beginning of the trading week increased as the US dollar weakened, resulting in a decrease in the US Dollar Index. This made gold more appealing to buyers who use other currencies. Gold has bounced back strongly from the support level of $1,950/ounce due to disappointing economic data. The May Purchasing Managers' Index (PMI) for the US service...

SupperTrading-FX Updated 

TVC:GOLD Gold price is consolidating in a narrow range of 1,955$-1,965$ on an hourly scale. The precious metal has turned sideways around the 50% Fibonacci retracement (plotted from June 02 high at 1,985$ to June 05 low at 1,930$) at 1,965$ The 50-period Exponential Moving Average (EMA) at $1,959.38 is providing cushion to the Gold bulls. US banks seem...