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The Core Personal Consumption Expenditure (PCE) Price Index measures the changes in the price of goods and services purchased by consumers for the purpose of consumption, excluding food and energy. Prices are weighted according to total expenditure per item

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Reason for Sell 1. Stochastic Oversold above 80 and ready for Fall 2. RSI 14 Below 50 and bearish Trend in 1H 3.Obey YESTERDAY high and expected for Fall

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The direct impact of Finance Minister Nirmala Sitharaman's surprise cut of customs duty on gold, silver and other precious gems and jewellery has been on the streets. Prices have crashed by around Rs 4,000 in the few hours since the budget proposal was made in parliament.2 days ago

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The W pattern is made up of several key components. The first bottom usually forms after a prolonged price decline, indicating the lowest point of the current downtrend. The price then rises, forming the middle peak, before declining again to form the second bottom.

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Throughout history, gold has been seen as a special and valuable commodity. Today, owning gold can act as a hedge against inflation and deflation alike, as well as a good portfolio diversifier. As a global store of value, gold can also provide financial cover during geopolitical and macroeconomic uncertainty.

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Gold prices have continued to hit fresh highs in 2024 due to a wide range of factors — from escalating geopolitical risks and the interest rate outlook to budget deficit concerns, inflation hedging and central bank buying.

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The allure of non-yielding bullion tends to increase when interest rates are lowered because the opportunity cost of holding gold decreases. Investor sentiment has played a significant role in the recent spike in gold prices. The current market positioning reflects a strong bullish outlook on gold

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The allure of non-yielding bullion tends to increase when interest rates are lowered because the opportunity cost of holding gold decreases. Investor sentiment has played a significant role in the recent spike in gold prices. The current market positioning reflects a strong bullish outlook on gold.

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A weaker dollar, lower interest rates, and increased geopolitical instability typically drive gold prices higher, as investors seek safe-haven assets. Conversely, economic stability and a stronger dollar can lead to lower gold prices

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Gold has been used over millennia as jewelry and a means of exchange. Gold has an important economic role as a means of exchange should currency collapse. Gold is a store of value and thus an investment opportunity for individuals. Gold is rare and difficult to extract.

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It is known to be a “safe-haven” asset, it is expected to increase its value in times of volatility and economic uncertainty. The XAU/USD pair tells the trader how many US Dollar (the quote currency) are needed to purchase one Gold Ounce (the base currency).

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KEY TAKEAWAYS Throughout history, gold has been seen as a special and valuable commodity. Today, owning gold can act as a hedge against inflation and deflation alike, as well as a good portfolio diversifier. As a global store of value, gold can also provide financial cover during geopolitical and macroeconomic uncertainty. Gold has an actual purpose as it's been...

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Probably not, but it may continue to trend upward over the long run, interrupted by pullbacks and bear markets. It’s important to note that gold prices have historically been volatile and have fluctuated quite a bit over time. The price of gold, like any other commodity, is subject to the laws of supply and demand. When the supply of gold is low and demand is...

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XAUUSD can be influenced by global news and economic data releases, but its price does not fluctuate as rapidly as that of stocks, cryptocurrencies and other risky assets. In times of economic uncertainty, investors use gold to save their funds. Knowing their funds are safe.

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XAUUSD/GOLD Buy Projection| Morubozu+ Bullish Engulfing + Double Bottom

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A descending triangle is a bearish chart pattern in technical analysis that's characterized by two trendlines: a descending upper trendline and a second, flatter horizontal trendline that's lower than the first. The pattern is formed by a series of lower highs that meet the flat support line at the bottom

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KEY POINTS: U.S. PCE data due on Friday Traders price in about 62% chance of rate-cut by November Vietnam's central bank to stop domestic gold auctions Gold prices held steady on Tuesday as the dollar eased, while investors looked forward to key U.S. inflation data that could offer clues on how soon the Federal Reserve can cut interest rates. Spot gold GOLD was...

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Reason For Sell and Buy 1. Bearish Spinning Top In Day Candle and obeyed Resistance 2.Obey Strong Support @ 2350 Overall possible outcomes XAUUSD BUY @ 2350 SL 233O TP 2380