DNA_BrianTrading

DNA_BrianTrading Updated 

The price of gold has been steadily declining since the start of the week and shows no signs of stopping. It is currently trading at $1,914 per ounce, which is $18 lower than the previous closing price. In the first four trading sessions of this week, the price of gold has dropped by $43 per ounce, reaching its lowest level in the past four months. This decline...

DNA_BrianTrading Updated 

Gold prices experienced unpredictable fluctuations following US Federal Reserve Chairman Jerome Powell's recent statement to the House Financial Services Committee. Powell indicated that while interest rates are no longer a significant factor, they will continue to rise moderately to combat deep-rooted inflation. The US Dollar Index, which measures the volatility...

DNA_BrianTrading Updated 

Federal Reserve Chair Jerome Powell's hawkish statements have led to an increased demand for the US dollar. The market sentiment has been further weakened by disappointing economic data from the United States. Despite the negative mood in the market, the XAU/USD pair is experiencing a bearish trend and is aiming to break through the $1,900 mark.

DNA_BrianTrading Updated 

Precious metals fell due to pressure from the strong recovery of the dollar. The US Dollar Index, which measures the volatility of the greenback, with six major currencies rose 102.2 points. Currently, investors are waiting for the latest statements from the Chairman of the US Federal Reserve (Fed) - Jerome Powell. He will provide a semi-annual monetary policy...

DNA_BrianTrading

After a volatile 3rd day, gold collapsed 270Pips exactly like yesterday's plan. However, it is still not possible to get out of the sideway zone of this whole month 1970 - 1930. Tonight at 9 o'clock the Fed will speak, so Asia - Europe will not run much but wait for the evening news. If you don't run a lot, you should prioritize surfing.

DNA_BrianTrading

XAU/USD plummeted as American traders returned to their desks following a long weekend, shedding roughly $20 to trade as low as $1,929.94 a troy ounce. The US Dollar struggled to advance throughout the first half of the day but gained steeper bullish traction following the release of encouraging United States (US) macroeconomic data. Next week’s economic docket...

DNA_BrianTrading

Overall view GOLD is still stuck and moving in the range of 1970 - 1930 However, considering H1 and smaller frames, the price line is trending downwards (looking back to 1930). The evidence for this short-term price decline is that the tops and bottoms are falling.

DNA_BrianTrading

The Fed mentioned the fear of a contagion crisis, policymakers then noted that the future was uncertain regarding the banking and financial crisis in Europe, as well as the outlook for fiscal policies. balance, leading to a decrease in the spending confidence of households and businesses. The market still has supporting factors. If the US and European economies...

DNA_BrianTrading

Gold is supported as investors show lack of trust in the Federal Reserve's decisions, with the yield curve highlighting the threat of economic recession. Wall Street analysts and retail investors are not confident in the gold market following the Federal Reserve's recent monetary policy decision to keep interest rates unchanged but signal the possibility of two...

DNA_BrianTrading

The precious metal reversed to hot after the US Federal Reserve (FED) left open the possibility of two more interest rate hikes this year. Accordingly, the Fed kept interest rates unchanged at 5 - 5.25%. This is the first time this bank has suspended interest rate hikes after 10 consecutive increases since March 2022 until now. This move has made experts even...

DNA_BrianTrading

Gold rebounded from its lowest point in three months during the previous session, thanks to the decline in the dollar and bond yields following the release of US economic data. The pause in interest rates by the US Federal Reserve played a significant role in this recovery. The Dollar Index dropped by 0.8%, reaching its lowest level in a month. At the same time,...

DNA_BrianTrading

This morning, the price of gold was influenced by the US Federal Reserve's decision to maintain a "hawkish" stance on monetary policy, despite choosing not to increase interest rates at this meeting. The Fed has opted to pause interest rate hikes and keep the base rate unchanged within the range of 5.00%-5.25%, ending a streak of ten consecutive rate hikes since...

DNA_BrianTrading Updated 

On Wednesday, the EUR/USD pair remained stagnant around the 1.0800 area due to the indecisive nature of the global markets. Investors are currently waiting for the Federal Reserve's interest rate decision, which is scheduled to be released later in the evening. Although the Fed's halt in the hiking cycle is expected, there is also an anticipated 25 bps rate...

DNA_BrianTrading

XAUUSD holds on to modest intraday gains, trading within familiar levels in the $1,950 price zone. Investors' mood improved these days, following United States (US) inflation-related figures supporting a dovish Federal Reserve (Fed). The daily chart for the XAU/USD pair shows it holds on to most of its intraday gains. Currently, gold is approaching the end of the...

DNA_BrianTrading

The price of gold today continued to decline robustly, dropping by 15 USD to 1,939 USD/ounce. This fall was attributed to the rebounding Treasury yields in the last session. Traders speculate that the US Federal Reserve (Fed) will maintain their current interest rates after observing the slowdown in US consumer price growth for May. The US consumer price index...

DNA_BrianTrading Updated 

Gold prices have declined slightly due to external factors, including the recovery of the US dollar and rising bond yields. The US Dollar Index has risen to 103.5%, making gold less attractive to buyers holding other currencies. Additionally, the 10-year US Treasury bond yield has increased to 3.776%, adding further pressure to the precious metal. The market is...

DNA_BrianTrading Updated 

Spot Gold trades at daily lows near a daily low of $1,942, as optimism reigns following softer-than-anticipated US inflation figures. The Bureau of Labor Statistics reported the CPI rose by 0.1% MoM in May and 4% from a year earlier, while the core annual CPI printed at 5.3% as expected, easing from the previous 5.5%. Gold is bearish according to the 4-hour...

DNA_BrianTrading Updated 

This morning, the price of gold (XAUUSD) fell slightly, indicating that investors are waiting for the release of US inflation data tomorrow, June 13, as well as the two-day Fed meeting on June 13-14. If the May inflation data continues to decrease, the Fed may halt its interest rate hikes on the dollar on June 14. This would cause gold prices to fall further, as...