XAUUSD M15 Here is the signal update from yesterday, we have seen a maximum of 2.1R so far, currently in active play of 1.75R. We have banked partials and we are holding the remaining 50% position risk free. I'm hoping this setup has plenty more mileage in it. Last week, we caught an amazing long position from a key area of support. And this position continued...
XAUUSD H1 Here is a potential outlook for XAUUSD going forward, we have sold off since market opened, the opposite move I would have expected. However, we haven't really seen an influx of relevant trading volume yet, I would expect to see this during LON partially, but most likely the US open, both FX markets and subsequent US stock markets. $2400/oz is in the...
CL_f has bounced of support @ 48.40 while prev. week has supported break above this level. this is possibly last area of resistance before move back to 49.x ish level.. considering playing Spread to take advantage of range between - 50 / 47
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
The Federal Reserve has decided to keep interest rates the same as predicted. However, during the FOMC meeting, Mr. Powell stated that he believes there will be two more rate hikes in order to reach the 2% inflation target. It's important to note that keeping interest rates unchanged does not signify the end of the rate hike process. Looking at the short-term...
Gold prices have taken a dip and are currently trading at a daily low of $1,942. This comes after the US dollar struggled earlier in the day, particularly with the US Consumer Price Index falling below market expectations. This has caused some optimism in the market, with gold experiencing a bearish trend on the 4-hour chart. The support levels are at 1,940...
Today, there will be an announcement regarding the US Consumer Price Index (CPI). Traders are currently proceeding with caution due to the expected decrease in CPI from 4.9% to 4.1%. It is predicted that the Federal Reserve will maintain the current interest rate of 5.25% after a period of steady increases, possibly due to recent economic downturns. Gold...
In recent months, central banks have played a significant role in supporting the value of gold. Their interest in purchasing the precious metal has hit record levels, and this has been a major factor in keeping gold prices stable. Despite this, the US Federal Reserve remains the key player in the gold market, and many believe that the price of gold will rise once...
According to the H4 chart, the short-term outlook for the XAU/USD pair seems favorable, despite a slight loss in upward momentum. Technical indicators have flattened out after crossing into positive territory, as the pair consolidates near daily highs. Gold has also recovered above the 34 EMA and is trending upwards. However, the $1,970 level has seen...
The value of the dollar index has decreased, resulting in a lower price for gold for those who hold other currencies. Investors are closely monitoring the upcoming Fed meeting and the US consumer prices report for May through June 13 to gain a better understanding of the state of the economy. There has been mixed economic data along with dovish comments from Fed...
This week, the value of gold received a boost due to weak economic data in the US, which caused the dollar to decline. This led to speculation that the Federal Reserve may not raise interest rates further. However, this support is limited as the dollar is expected to recover due to uncertainty about the Fed's next move. Although some areas of the US economy are...
The outlook for gold is becoming more negative due to a few reasons, including US interest payments gaining momentum and a recent payrolls report indicating a strong economy. The strength of the economy and labor market could slow down usage and bring it back to the 2.0% target, which may require the FOMC to increase the closing rate and keep it high for a...
The price of gold rebounded after hitting a low point not seen in over two months. This was due to the recent data showing that the US services sector had experienced minimal growth in May, which halted several months of strong market growth. The weakened dollar was also beneficial to metal markets, with gold being a safe-haven asset. However, it is expected...
Gold prices increased by more than 0.7% on Thursday, resulting in an overall gain of about 1.6% for the week. This marks the best week for gold since early April. The rise in XAU/USD comes as the US Dollar and Treasury yields weaken, highlighting gold's anti-fiat characteristics. On the daily chart, the next major technical obstacle for gold prices is...
Gold prices were supported by a weaker dollar in the midst of a wary market atmosphere, with nonfarm payrolls data slated for a later release. Additionally, JOLTS Job Openings report had a significant impact on gold prices. Despite this, the US economy shows promise for recovery due to strong retail sales, industrial production, and adjusted GDP figures....
Yesterday, gold prices experienced their largest daily gain in over a week due to a decrease in the US Dollar Index and Treasury yields. This was partly due to month-end positioning and a general sense of caution among investors. Mixed US data also contributed to the decrease in the value of the dollar and an increase in the value of XAU/USD. The Relative...
The US Dollar Index (DXY) experienced a drop from its 10-week high and fell to an intraday low of 104.00. Despite this, the US 10-year Treasury yields remain low, around 3.68% at present, while the two-year counterpart also remains low near 4.45% after a 12-day uptrend. It's worth noting that recent data in the US hasn't supported the Federal Reserve's hawkish...
The markets are busy today, and the US Dollar is losing value as investors anticipate a positive response to news of a US debt agreement. The market is confident that Congress will approve the agreement on Wednesday, which is reflected in the performance of U.S. Treasuries and stock futures. Gold prices are currently at a two-month low of $1,937, and there is a...