Last week, I had the satisfaction of web website hosting a webcast on gold and gold mining stocks, and I become satisfied to be joined via way of means of portfolio supervisor Ralph Aldis. Thanks to all who participated! Regretfully, I`m now no longer accepted to proportion a replay of our dialogue because it become supposed for economic advisors, however there...
Golden Dilemma: The rate of the yellow steel has fallen from its excessive as US Dollar`s restoration pushed with the aid of using increased US middle PCE inflation information, placing strain at the cost of gold. The annual underlying inflation information rose at a better tempo of 2.7% from the estimates of 2.6% however decelerated from 2.8% recorded in...
SELL LIMIT: R1 - 2353.632 BUY LIMIT: S1 - 2323.364 Trading Guidelines (GOLD): Risk Management: Risk no more than 1% of your capital per trade. Maximum Trades: Limit yourself to a maximum of 2 trades per day. Trading Sessions: Focus on trading between the London and NY sessions. Discipline: Execute the order at the identified level. Stop Loss and...
World gold spot rate is round 2,318.eight USD/ounce, down 1.2 USD/ounce in comparison to overnight. Gold futures rate in June 2024 at the Comex New York ground is at 2,330.2 USD/ounce. At 8:00 p.m. on April 24 (Vietnam time), today's spot gold price on the world market is at 2,320 USD/ounce. Gold for delivery in June 2024 on the Comex New York floor is at 2,334...
Gold rebounded towards $2330 after an unsuccessful attempt to settle below the $2300 level. From the technical point of view, gold received strong support in the $2295 – $2305 range. Gold completed a 50% retracement today with a low of 2,291 before buyers took control and ran the precious metal up to a high of 2,334, at the time of this writing. Earlier in...
bullion is turning to all-time highs again, however this time buyers are fleeing gold miners` shares in droves. Even gold exchange-traded funds, which use buyers` cash to collect bodily stockpiles of bullion, are contracting as gold costs rise, that's exactly the alternative of what many analysts expected. The disconnect ties right into a broader fashion...
World gold prices went down as the market increasingly lowered expectations that the US would cut interest rates. On the other hand, the need to safely hide capital in precious metals has also gradually decreased as the Iran-Israel conflict has calmed down. Any major stable addresses continue to support gold and any escalation would take prices up to $2,500 an...
Gold is losing ground as traders lock in the time aggressively. The US Dollar tested a multi-month high today. Normally, a strong dollar would lower gold prices, but the current situation is unique as gold prices are driven by central bank demand and rising geopolitical tensions. In case gold falls back below $2,350, it will head towards the nearest support,...
With gold reaching many consecutive price records, the current investor situation is as follows : Net-short exposure to yen futures rose to a 16-year high among large speculators Large speculators increased long gold exposure by 15.7% (+10.1k contracts) and reduced shorts by -7.1% (-8.4k contracts), whereas asset managers are on the cusp of flipping to net-long...
The rise in gold prices may be driven by geopolitical tensions in Ukraine and the Middle East, as well as stubborn global inflation. Despite concerns about the delay in the Federal Reserve's easing of US interest rates, investors have focused on protecting themselves against rising price pressures. Now, market attention will turn to the upcoming release of the...
Gold has pulled back a bit in today's Tuesday trading session as it looks like we will continue to try to get higher. Regardless, I think this is a slightly stressed market and it might be worth noting that the relative strength index is well above the 70 level. All in all, I think the $2,200 level below would be an excellent support barrier similar to the 50-day...
Gold fell back after an unsuccessful attempt to stabilize above $2,300. Traders withdrew some profits after the strong rally. Gold is still in an overbought state so there may be more downward momentum in the near future. Prediction information from Nonfarm is currently inconsistent on one side when the Average Income Index / Hour is growing strongly at 0.3% but...
PCE inflation measures for December and January had been raised, signaling that inflation changed into worse than to start with estimated. For example, the center index alternate changed into revised to 0.5% in January, up from the formerly mentioned 0.4%. To apprehend the importance of the upward push in inflation, it's miles crucial to don't forget that the...
Gold prices fell nearly 2,155 USD in early trading on Monday in Asia. The FOMC will likely leave interest rates unchanged at its March meeting on Wednesday and will be in no rush to cut rates. Chinese policymakers emphasized the need to continue implementing proactive fiscal policy and strengthen the country's economic recovery. China's February retail sales and...
XAUUSD H4 Price dumped yesterday following the cluster of inflation data we witnessed, US stock indices whipsawed, XAUUSD dumped beyond our support on the LTF, but held on the H4. A slight bounce was we are currently witnessing, before the next potential downside leg. US stock market volume to follow in 1 hour 45 minutes time. Lets see what it brings.
XAUUSD exhausting evidently around this 2185 price. Previous legs upside have rallied significantly and moves sideways (consolidated). We are now starting to see price scallop over and exhaust somewhat. LTF structure break is currently active and this could be the start of a deep correction from swing low of 2040 to swing high of 2195.
Gold costs elevated on the primary buying and selling day withinside the US. According to reviews withinside the US, the quantity of jobs withinside the non-agricultural area elevated with the aid of using 275,000 devices in February 2024. America`s failure charge elevated to 3.9%. The marketplace obtained the remarks of Mr. Jerome Powell, Chairman of the Federal...
The gold market is up about $25 from December's record high, and while Monday's rally that pushed prices above $2,100 an ounce was shocking, it wasn't completely unexpected. Many analysts have noted that gold's rally came out of nowhere and was sparked by disappointing second-rate economic data in the US. At the same time, analysts also point out that both gold...