kripsonfx97

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dentifying a bullish or bearish market involves observing key indicators. In a bullish market, look for rising stock prices, increased investor confidence, strong GDP growth, and low unemployment rates. Major stock indices trending upward also signal a bull market.

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Gold price trades in a channel formation on a daily timeframe, which is slightly rising but broadly exhibited a sideways performance for more than three months. The 50-day Exponential Moving Average (EMA) near $2,370 continues to provide support to the Gold price bulls. The 14-day Relative Strength Index (RSI) oscillates within the 40.00-60.00 range, suggesting...

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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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Reason for Bullish oday, US Dollar is expected to fall against the Gold (per ounce), as the forecast expects the XAU/USD exchange rate to move to $ 2,391.05 from the current rate of $ 2,401.74. In the next 7 days, US Dollar is predicted to increase compared to the Gold (per ounce) by $ 2,352.97.

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Overall, selling gold provides a dependable and efficient means to secure liquidity, address immediate financial needs, and make the most of a valuable and universally accepted asset. Urgent Cash Needs: Life throws curveballs. Unexpected expenses, medical bills, or emergencies can necessitate quick cash.

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After coming within a touching distance of a new all-time high near $2,480 with the immediate reaction to disappointing US labor market data on Friday, Gold reversed its direction and declined below $2,420. Profit-taking ahead of the weekend might be weighing on XAU/USD

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he Federal Reserve left interest rates unchanged Wednesday, but acknowledged recent progress on inflation and cooling in the labor market, stoking investor hopes that the central...

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Customs duty cuts: The Indian government announced cuts to customs duty on gold in the Union Budget 2024, reducing it from 15% to 6%. Concerns over demand in China: Demand for gold in China may also have contributed to the price drop. Better-than-expected US data: Better-than-expected US Q2 GDP and jobless claims data may have also put downward pressure on gold prices.

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Buy Reason 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. Sell Reason The reasons why gold prices may...

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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

kripsonfx97

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.

kripsonfx97

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