XAUUSDANALYST

XAUUSDANALYST

Currently, gold's price action appears to be in a consolidation phase following recent upward movements. Gold's spot price is fluctuating around $2,744 per ounce, reflecting moderate gains earlier in the session. This movement aligns with investors closely watching the Federal Reserve’s upcoming decisions on interest rates, as well as broader financial market...

XAUUSDANALYST

Based on the trend line drawn on friday around 2720$ , we can see that the upward trajectory has started. On Monday, October 28, 2024, the U.S. economic calendar includes the following key events: 1) Pending Home Sales for September: Released at 10:00 a.m. ET, this metric provides insight into the real estate market, showing the volume of contracts signed for...

XAUUSDANALYST

Technical Analysis Trend line is on a slope. Such trend lines are more often to break and not hold support zones intact. Trend may turn downwards if usa gives any weaker news today. Being Friday Investors may do mild profit booking which can bring gold to 2690 Levels .

XAUUSDANALYST

Today, several key economic events are happening in the U.S.: Initial Jobless Claims (for the week ending October 19): This report provides insights into the health of the U.S. labor market by showing the number of individuals who filed for unemployment insurance for the first time. Durable Goods Orders (September): This data reflects new orders placed with...

XAUUSDANALYST

In order flow trading, DELTA represents the difference between the number of aggressive buyers and aggressive sellers during a specific time period. It is a key metric used to analyze the strength or weakness of market participants and helps traders assess buying and selling pressure. Here's a breakdown: 1. Aggressive Buyers: Traders who are willing to buy at...

XAUUSDANALYST

Gold prices fell today due to several factors, with a primary driver being the strengthening U.S. dollar and rising U.S. Treasury yields. A stronger dollar makes gold more expensive for holders of other currencies, reducing demand.​

XAUUSDANALYST

Gold has been rising steeply from 2635 till 2745 strongly without breaching once the trend line created. This is not usual activity. The Political equilibrium which is totally disturbed due to war zone created between middle east, is at core to boost the reason for gold to spike up !. On the contrary, if the gold rally has to survive the gold rally ok 105$...

XAUUSDANALYST

Let us break down, factors which are influencing the price movements in upward directions. Geopolitical Factors Middle East Conflict (Israel-Palestine War): Ongoing tensions and conflict in the Middle East have heightened risk sentiment globally. Investors often turn to gold as a safe-haven asset during geopolitical instability, increasing demand and driving up...

XAUUSDANALYST

Let us break down, factors which are influencing the price movements in upward directions. Geopolitical Factors Middle East Conflict (Israel-Palestine War): Ongoing tensions and conflict in the Middle East have heightened risk sentiment globally. Investors often turn to gold as a safe-haven asset during geopolitical instability, increasing demand and driving up...

XAUUSDANALYST

Gold prices today, October 21, 2024, have experienced a slight upward movement. Gold is trading around $2,657 per ounce, with a 0.91% rise from the previous trading session. Several factors are influencing gold’s direction today: Global Economic Concerns: Ongoing geopolitical tensions and concerns over global economic growth are leading investors to seek safety...

XAUUSDANALYST

Gold (XAUUSD) is experiencing a bullish move today, trading around $2,657 as of October 17, 2024, reflecting a gain of 0.91%. The price action remains volatile, influenced by geopolitical tensions and expectations of upcoming U.S. economic data. The broader trend shows gold consolidating within the $2,636 - $2,675 range. If it breaks above $2,670, strong...

XAUUSDANALYST

Today, gold prices are undergoing a correction after reaching an all-time high of $2,708.70 on October 1, 2024. As of today, the price has dropped to around $2,640.60, marking a decline due to several influencing factors. The primary economic factor driving this correction is the strength of the U.S. dollar, which has become the preferred safe-haven asset amid...

XAUUSDANALYST

Gold is aggravated to move up by showing some positive confidence by buyers. its a rally fuled by buyers by their interest and not buying due to fear.

XAUUSDANALYST

Today, gold is showing strong upward momentum, fueled by multiple factors. Geopolitical tensions, particularly in the Middle East, have increased gold's appeal as a safe-haven asset. The ongoing conflict between Israel and Hamas has escalated, pushing investors toward gold, which is seen as a stable store of value during times of uncertainty. In addition, central...

XAUUSDANALYST

What is Delta? Delta = Buying Volume – Selling Volume. It is used to measure the net buying or selling pressure during a specific time period. A positive delta, like 1.2k, means more aggressive buying (market orders hitting the ask price) compared to selling (market orders hitting the bid price). Implication of 1.2k Delta on a 15-Minute Chart: This strong...

XAUUSDANALYST

1) The bullish engulfing at $2600 on the daily chart signals a potential reversal or continuation of the upward trend, making $2600 a critical support level. 2) The rally from $2600 to $2627 on the 15-minute chart shows that once $2600 was confirmed as support, buyers aggressively pushed the price higher within a short time frame. { Scalping Opportunity: For...

XAUUSDANALYST

As the FOMC (Federal Open Market Committee) releases its minutes today, the impact on gold prices is expected to be significant. Currently, gold is trading in a tight range, as markets are awaiting clarity on the Fed's future monetary policy stance. If the FOMC minutes hint at continued hawkishness, signaling higher or persistent interest rates, gold may face...

XAUUSDANALYST

Gold on rise due to small demand and Middle east tensions. Small buying zone is being created and we should be well aware that 2670$ is well defended ny sellers . Buying for 5 $ rise is initiated.