Gold turned overbought on its 1D technical outlook (RSI = 71.445, MACD = 34.140, ADX = 33.307). Despite that, our TP = 2,650 will most likely get hit by next week, so now we will discuss what could happen next. Obviously a rejection at the Top of the Channel Up is most likely to take place, with which the market will seek technical confirmation of a support and...
On Thursday, the Federal Reserve cut interest rates by 50 basis points, starting an easing cycle and gold prices rose accordingly. Traders are ignoring the rise in US Treasury yields, which are inversely correlated with gold, and gold is still aiming for $2,600 raw price or perhaps a new all-time high. grand. Readers can review the Federal Reserve's policy...
OANDA:XAUUSD increased sharply in the trading session on Friday (September 20), with spot gold prices officially surpassing the important barrier of 2,600 USD/oz for the first time in history. The possibility of the US Federal Reserve (Fed) continuing to cut interest rates and geopolitical tensions in the Middle East act as direct catalysts for this breakthrough...
Gold surged to a new all-time high near $2,610 on Friday as expectations grew that global central banks will join the Federal Reserve (Fed) in easing monetary policy and cutting interest rates. Investors are increasingly turning to gold as a safe-haven asset, driven by the prospect of lower interest rates, which diminish the opportunity cost of holding...
FUNDAMENTAL - Price of Silver aside, AG is an incredibly poorly run miner. From mass share dilution to disastrous acquisitions I can not think of a more poorly run company. The stock price speaks for itself... sitting near the lows of the year despite silver at recent highs. SILVER - Silver has been behaving very weak in relation to Gold. Unless we break...
DISCLAIMER: This is not trade advice. This is for educational purposes only to demonstrate how I am looking to participate in this market. There is significant risk involved in trading, do your own homework and due diligence. COT Strategy SHORT Gold (GC) My COT strategy has me on alert for short trades in GC if we get a confirmed bearish change of trend on the...
After the Federal Reserve cut interest rates by 50 basis points, OANDA:XAUUSD Spot delivery soared to 2,600.15 USD/ounce, reaching a new era record high. But after Powell's speech, gold prices plummeted, currently trading around 2,563 USD/ounce. Powell said at the press conference that the 50 basis point rate cut “is not a fixed pace of new rate cuts.” On...
The price of spot gold climbed $2500 per ounce to a new record high, by mid-August, 2024. The Yellow metal has rallied 21.5% this year, and this is the best result in this time against Top 4 american indices - Dow Jones Industrial Avg (DJIA), SP500 (SPX), Small cap Russell2000 (RUT) and full of tech stocks Nasdaq-100 indices (NDX). Gold jumped as much as 1.8% on...
OANDA:XAUUSD decreased and recovered after the US announced retail sales figures for August. This is the last important US macroeconomic data released before the Fed's decision today (Wednesday). Gold price touched 2,560 USD in yesterday's trading session. As of the time of writing, spot gold is at 2,573 USD/ounce. Data from the US Census Bureau showed US...
OANDA:XAUUSD there are many fluctuations but still maintain the main uptrend, on this trading day the market will receive US retail sales data, this data will have a certain influence on the decision of the Federal Reserve (FED) this week. Today (Tuesday), the US Census Bureau will release retail sales data for August. Economists expect US retail sales to fall...
MACRO - Gold is not only benefiting from the prospect of rate cuts but the added uncertainty of lingering inflation concerns given the latest CPI/PPI numbers. If FOMC's rate cut looks anything like ECB's Gold will outperform in the week(s) ahead. TECHNICAL Gold has broken out of a tightening range and volatility is expanding. This trade set up will be valid...
A little more than 2 months ago (July 08, see chart below) we signaled a strong buy on Gold (XAUUSD) as the start of the new Bullish Leg of the 2-year Channel Up was confirmed, and we set a long-term Target at 2600: Now that the Target is about to get hit, we prepare for a new long-term peak at the top (Higher Highs trend-line) of the Channel Up. The previous...
End of last trading week, OANDA:XAUUSD Spots hit a new all-time record high, building on the strength and momentum received from Thursday, as the market bullishly priced in the possibility of a sharp interest rate cut by the Federal Reserve this week. . Gold prices have surged this year, driven by the Federal Reserve's loose monetary policy, central bank...
This week, OANDA:XAUUSD increased quite sharply, from 2,485 USD/oz to 2,585 USD/oz and closed at 2,579 USD/oz. The reason international gold prices increased sharply this week is because the market expects the FED to strongly cut interest rates at its meeting next week, with a cut of up to 50 percentage points. However, considering economic data and the...
I was not always a bear... but my arms are tired of holding these Silver Bags for over a decade. I am still bullish! In the long long term ( ; I am still holding a longterm SILJ short position ( see previous post ) but the immediate future is not clear. Will we get an explosive rally leading up to... during... or after the FOMC? I would not bet on it. The...
OANDA:XAUUSD The increase reached all target levels sent to readers for many weeks and established a new era peak. The uptrend did not change both fundamentally and technically after PPI inflation data was published. After the European Central Bank announced its monetary policy on Thursday and the United States released relevant macroeconomic data, spot gold...
Gold has turned completely bullish on its 1D technical outlook (RSI = 64.281, MACD = 19.680, ADX = 29.142) as it made a new All Time High today, extending the new bullish wave of the Channel Up. With the support of the 1D MA50, which is unbroken since July 3rd, we expect the extension of this wave as the 1D MACD is on its way to a Bull Cross. Since early June MACD...
Real Volume Analysis of Gold in the Gold Future => Looking at the chart shows that the market is still very interested in the BULL position and especially the HIGH position at the peak. Analyze Macroeconomic News with USD Chart Yesterday we had CPI inflation data, important data to prepare for the September FOMC meeting next week. What are the data...