DNA_BrianTrading

DNA_BrianTrading

Although sentiment in the gold market remains upbeat ahead of the US Federal Reserve's (Fed) monetary policy meeting, experts warn that investors should not expect prices to surpass 2,000. USD/ounce this week as the Fed is likely to maintain its hawkish stance even if it decides to pause. The momentum indicators are starting to turn slightly uptrend, which makes...

DNA_BrianTrading Updated 

The world gold price is listed at 1,960.7 USD/ounce, down 3.2 USD/ounce compared to last week's closing session. Markets are turning their attention to the US Federal Reserve's (Fed) monetary policy meeting next week. Investors think the Fed will pause the rate tightening cycle. But now many expect the US Federal Reserve to act on the recent moves of the Bank of...

DNA_BrianTrading Updated 

This week, the international gold price remained stable, fluctuating between 1,937 USD/oz to 1,972 USD/oz and ultimately closing at 1,960 USD/oz. Over the past several months, central banks have been significant supporters of gold prices, with record-high levels of purchasing. The gold market's future remains dependent on the actions of the US Federal Reserve...

DNA_BrianTrading Updated 

The growth of the U.S. labor market is slowing down, as more American workers are filing for unemployment benefits. This disappointing news has resulted in gold prices trading near session highs, with August futures currently at $1,970USD/ounce, representing a 0.58% increase on the day. Analysts believe that this latest jobs data is supporting the view that the...

DNA_BrianTrading

The value of precious metals worldwide experienced a significant increase due to the decline of the US dollar. The US Dollar Index dropped by 0.75% to almost 103 points, resulting in gold becoming more attractive. The market is currently keeping an eye on the upcoming monetary policy meeting of the US Federal Reserve (Fed) next week, with most predicting that the...

DNA_BrianTrading

Gold prices tend to surge during times of unpredictable developments in the Russia-Ukraine conflict due to geopolitical uncertainties being the main driving force. Experts predict that the Fed may halt its 10 consecutive interest rate hikes, as recent record hikes may have long-term effects on the global economy. It is necessary to pause rate hikes to monitor...

DNA_BrianTrading

Xauusd is under short-term bearish pressure, price has passed the support of 1955USD and is looking for 1930USD I will wait for a buying opportunity at the price level of 1930

DNA_BrianTrading

Gold is currently being supported by world geopolitical tensions, particularly the rising tensions between Russia and Ukraine. The recent news of a major dam and power plant in Ukraine exploding and causing flooding in the region has also sparked fears of crop damage, leading to a slight increase in demand for gold as a safe-haven asset. All eyes are on the...

DNA_BrianTrading

Gold prices have risen recently, as there has been a fall in the US services sector beyond what was expected. Some experts believe that the precious metal is gaining momentum due to disappointing economic data and a negative outlook for the economy. There is also a chance that the US Federal Reserve may stop raising interest rates due to the recession trend. It...

DNA_BrianTrading

In the short term on the H1 chart, gold has turned for the uptrend to continue when it has broken through the 2 EMAs. Gold made a bottom at 1938 USD and started moving upwards, short term today we have the 1965 - 1975 - 1980 points.

DNA_BrianTrading

Spot gold fell 0.2 percent to $1,944, near its lowest level since May 30. U.S. gold futures fell 0.6 percent to $1,958. Gold slid on Monday as the dollar rose on last week's strong US jobs data, offsetting some support for bullion with no yield from bets that the Federal Reserve could may pause rate hikes in June. Meanwhile, benchmark US yields are near a...

DNA_BrianTrading

The recent approval of the debt limit agreement and positive market reports indicate that the US Federal Reserve may raise interest rates again in the upcoming season. This change in expectations presents a challenge for the gold market, as it is supporting the US dollar. As a result, the greenback is currently trading at a three-month high.

DNA_BrianTrading

The world gold price increased slightly when the dollar fell. According to the employment report just released, the US economy added 278,000 jobs in May. This is the third consecutive month of unexpected increases in the number of jobs.

DNA_BrianTrading

Gold prices rose more than 0.7% on Thursday, bringing the total gain this week so far to around 1.6. This is considered the best week for the yellow metal since early April. A closer look shows that XAU/USD has rallied while the US Dollar and Treasury yields are weakening, which underlines Gold's anti-fiat properties. Currently Gold is being supported and...

DNA_BrianTrading

Although expected to be in a long-term uptrend, gold is currently under selling pressure as the dollar is supported by the signal of the US Federal Reserve (Fed) raising interest rates in the June meeting. Recent positive US economic data led investors to bet that the Fed could raise interest rates next month.

DNA_BrianTrading

The price of gold saw a slight increase of $4.2 USD per ounce, reaching $1,966 USD per ounce today. The demand for the precious metal rose due to concerns related to the agreement on raising the debt ceiling that are expected to face obstacles. However, passing the ceiling agreement would not be good news for gold as it would result in significant spending...

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Gold is still considered a safe haven when China's economy does not recover as strongly as expected, and the US is sliding to the brink of recession. The World Gold Council (WGC) just surveyed 59 central banks and found that 24% of them plan to buy gold within the next 12 months. The reasons are high inflation, geopolitical uncertainty and interest rate worries.

DNA_BrianTrading Updated 

Gold prices have risen as the value of the dollar drops. The DXY Index, which measures the dollar's volatility against six major currencies, has fallen below the 104-point threshold from its previous position above 104.52 points. According to the World Gold Council (WGC), 24% of central banks worldwide plan to increase their gold reserves by 2023. The reasons...