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Reason for Bearish 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. Gold’s blistering rally this year was partly fueled by expectations the Federal Reserve (Fed) would cut interest rates as...

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Reason for Bullish Key Takeaways The trendlines of a triangle need to run along at least two swing highs and two swing lows. Ascending triangles are considered a continuation pattern, as the price will typically break out of the triangle in the price direction prevailing before the triangle, although this won't always occur. A breakout in any direction is...

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nternally, factors such as domestic demand, currency exchange rates, and government policies play a significant role in shaping gold's trajectory. For instance, a surge in demand for gold during cultural festivities or a weakening domestic currency can propel prices upwards

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The Non-Farm Payrolls (NFP) report is a monthly US labor market indicator that measures the number of jobs added or lost in the previous month. The NFP report is released by the Bureau of Labor Statistics and is usually available on the first Friday of each month. The NFP report is a significant economic indicator that can have a big impact on the global...

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The behavior of gold around the 20-Day line, along with the bull breakout of the triangle, the accompanying long-term bull trend breakout to new record highs, followed by a minor pullback that holds above key support, are all bullish technical signs. They point to an eventual continuation of the bull trend

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In this latest upward cycle of the silver market, Fed interest rate moves are playing an oversized role in pumping up silver prices. In early July, as analysts factored in the rising potential for interest rate cuts in the remainder of 2024, silver prices were once again testing May's nearly 12-year high.

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Reason For Sell Whether it's gold jewellery, coins, or bullion passed down through generations, selling inherited gold can provide immediate financial flexibility. This cash can be used for various purposes, such as paying bills, investing in other assets, or simply building up savings

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The Union Budget's decision to reduce import duties on gold and silver has led to a significant drop in gold prices in India. While this presents challenges for existing investors who might face unrealized losses, it also opens opportunities for new investors to purchase gold at lower prices.6 Aug 2024

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Interest Rate Cuts and Economic Indicators Two Federal Reserve policymakers voiced their opinion on Tuesday, stating it would be “reasonable” to expect three interest rate cuts in the U.S. within the year. This perspective comes despite a backdrop of robust economic indicators, which have led some investors to question the feasibility of such moves. The...

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Likewise, it typically boasts an influx of liquidity into crypto landscaping, which sets the stage for a potential bullish market ahead. this often signals rising market leader's prices and spreading its resonance in the broader market, too.

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Reason for Sell 1. Bearish Rising Wedge Pattern breakout 2. Double Top 3. Breaked Support 4. Bearish Spinning Top in ATH

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Reason for Bullish 1. Rising Wedge Pattern 2.Obey Support & Tredline 3. Buying Pressure & Fibo Retracement (0.382) 4.Resistance R as TP1

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Reason for Bullish 1. 4H Uptrend 2. Consolidation Breaked 3. Ascending Triangle Pattern 4.Fair Value gab + 50% Retracement 5. Swing High as long term target 6. Obey trendline + Support

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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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Gold is valuable due to its rarity, durability, and historical significance as a medium of exchange and store of value. It tends to hold its value during economic turbulence, and investors appreciate its potential for a safe haven. It is also used in jewelry and electronics, so there are some real-world uses of gold.

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Silver tends to outperform gold in terms of return and can deliver a higher return on investment. However, silver's real value is as a hedge and safe haven asset and the primary reason to own silver is not about wealth accumulation but about wealth protection and hedging risk in an uncertain world.

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Trading XAUUSD pair is popular among gold traders who seek opportunities in the fluctuations of gold prices relative to the dollar. This trading pair is influenced by factors such as supply and demand, economic data, geopolitical events, and central bank policies.