💵GOLD PRICE AND ECONOMIC INFORMATION Gold dropped to around $2,320 per ounce on Monday, following a more than 1% rise last week, under pressure from higher US Treasury yields, while market participants awaited further cues to gauge the Federal Reserve's monetary policy trajectory. Last week's data indicated that US consumer prices held steady in May for the first...
Hey Traders, in today's trading session we are monitoring XAUUSD for a selling opportunity around 2172 zone, Gold is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 2172 support and resistance area. Trade safe, Joe.
Based on the previous analysis: we said that you can look for the position of the cell. According to the analysis of 190 pips, we saw the correction of the price
Looking for a strong push to the upside as we head to NY session . - My area of interest is the next Hourly Order Block round about 1968.54 which will my Major TP and looking for new highs before the year ends . NB:-Gold moves zone to zone through momentum and liquidity - observe NY -M15 view * I'll be back with an update ....
After negative news gold closes 2002 I believe gold will continue near 2010 Then if it breaks resistance range 2020 , it will continue near 2040 Second scenario is to test 2010 and grab the liquidity then reverse bearish near 1980 Tell me your opinion on the comment. Which scenario do you recommend ? Good luck , wish you a profitable week !
The price of GOLD will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair. ❤️ Please, support our work with like & comment! ❤️
Gold price extends the overnight modest pullback from the $2,007 area, or the vicinity of a multi-month peak, and remains depressed below the $2,000 psychological mark through the Asian session on Wednesday. Gold Upcoming Move To Buy Trade And Make Profit 🔥 Target 2025
Third week in a row, Gold is not following correlations with USD, while its moves are mostly influenced by developments in the Middle East. During the previous week, Gold again tried to break the $2K psychological line, but for one more week it was without success. As long as tensions are present, it could be expected that the price of Gold will have its own path...
For the second week in a row the price of Gold has lost correlation with USD, amid unfortunate developments in the Middle East. This represents the third consecutive week finished in green for Gold. As per analysts specializing in trading metals, if the Middle East conflict escalates further, there is a high probability that the price of Gold might reach even...
During the previous week Gold has clearly shown that this is a safe-haven asset during times of high geopolitical and economic uncertainties. The price of Gold reached $2K during the previous week, due to high geopolitical risks, which might indirectly impact world most developed economies through increased prices of real assets, most of all, oil prices. For the...
“What a beautiful chart” could be a summary of Gold price developments during the previous week, however, it was not on happy grounds. Increased geopolitical tensions and fear of potential increase in inflation due to surge in oil prices, have pushed the price of Gold on Friday`s trading session from $1.870 up to $1.932, where the price is ending the week. It was...
Gold continued to follow the path of USD during the previous week, and reached its lowest weekly level at $1.810. Friday was a rebound day for gold, as USD reverted a bit its path to the upside, supported by the easing of the sell-off of US Treasuries in expectation of further increase of interest rates by the Fed. Gold reached its highest weekly level at $1.830...
Hello everyone, We hope you guys are having a great weekend. We have seen over the past several days that gold has been consistently down since 1947, when it was back, and has been consistently down, never going up. When the market closed on Friday, gold was running at 1848, while 1846 is a very strong support. We think that gold will pull back from here and...
As USD was gaining, Gold was losing value during the previous week. The markets are still digesting interest rates which will be elevated for a longer period of time, hence, equities, Treasuries and Gold lost in value, while the US Dollar was gaining. The correlation between Gold and USD was supported during the previous week, however, it could be noted that the...
The FOMC meeting on Wednesday was the major weekly event, which brought back some higher volatility on the markets. Changes in Fed`s projections and rhetoric toward “higher for longer” is not something that markets welcomed with a positive sentiment. The US equities and Treasuries reacted in a negative way, USD gained in value; still, gold was a bit lagging behind...
Inflation figures for the US were published during the previous week, showing that the inflation in August was modestly above market estimate. Although the FOMC meeting will be held in a week ahead, still many economists and analysts are of the opinion that the Fed will not make a decision on further increase of interest rates based on August data. On the other...
Gold expected to have a correct on the beginning of the week However big news is coming on Wednesday so be careful, If FED keeps the rates , I think gold will rise till 1950 and may continue to 80 Otherwise, we can see new lows till 1860 Be careful this week , be stricter with your management this week, good luck
There has not been significant data for USD published during the previous week, however, there has been some negative developments over the oil and gas prices. Namely, on one side Saudi Arabia announced its decision to continue with its decreased oil production by 1 million barrels per month till the end of this year, and on the other side, gas prices in the EU...