World gold spot price stood around 1,924.8 USD/ounce, down 0.2 USD/ounce compared to last night. Gold prices increased slightly again after strong selling pressure this week. The gold market is still negatively affected by the monetary policy of the US Federal Reserve (Fed). During the week, the Fed decided to keep interest rates at 5.25 - 5.5%.
The DXY index (which measures the greenback's fluctuations against 6 major world currencies) traded at 105.5 points.
The DXY index (which measures the greenback's fluctuations against 6 major world currencies) traded at 105.5 points.
Note
good luck everyoneNote
XAUUSD is testing the upper boundary of the global descending resistance again at the end of last week. The retest occurs at the moment of strong news, but the key candlestick pattern is formed exactly at the moment of FED & FOMC speech, as a result of which the market determines the further prospect of strengthening the dollar and hence - the fall in the price of gold.Note
Gold has fallen into the technical indicator zoneNote
new idea
Note
Note
Gold is in free fallNote
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.