DNA_BrianTrading

DNA_BrianTrading Updated 

The value of gold in the global market dropped due to the rise of the US dollar. The US Dollar Index (DXY) which measures the dollar's strength against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased by 0.37% to 102.780 points. Investors are holding back on investing in gold as they wait for the decision on the US public debt ceiling negotiations....

DNA_BrianTrading Updated 

Gold price is erasing Monday’s gains, plunging 0.80%, as data from the United States (US) showed signs of resilience amidst a solid retail sales report. Industrial Production recovered in April, though manufacturing production stood at contractionary territory. The factors mentioned above and the US bond yields rising were a headwind for XAU/USD prices. Hawkish...

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Gold prices experienced a decline while the USD saw an increase, which came as a surprise to some investors who believed that the US Federal Reserve (Fed) would reverse its monetary policy and cut interest rates after 10 consecutive increases. However, Fed officials have made it clear that their top priority is to control inflation. Recent news regarding the US...

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The price of gold saw an increase during the first trading day of the week. According to market forecasts, the price of gold is currently in a secure zone and is expected to continue to rise. Many investors are turning to gold as a safe investment option due to growing concerns about the economic slowdown and the deadlock in negotiations on the US debt...

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Currently, gold is stuck around the 2015USD price zone If the price breaks through the Keylevel H1 around 2023USD we will see a higher high of 2040 - 2050

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Gold prices saw a slight uptick on the first day of this week and maintained a modest gain throughout the day. Currently, XAUUSD is trading at around $2,020, indicating a 0.30% increase for the day. This marks the end of a three-day losing streak for gold prices. The US Dollar, on the other hand, has bounced back from a 5-week high due to concerns over the US debt...

DNA_BrianTrading Updated 

Short term m15 is trending up Gold is testing the EMA and exercising its Bullish momentum This is a scalping plan for traders

DNA_BrianTrading Updated 

Last week, the world gold price experienced a decline from its all-time high of $2,080 per ounce. However, market experts remain optimistic about the future of the industry. Gold is still deemed a lucrative investment option, second only to real estate. As per the World Gold Council, central bank gold demand is anticipated to grow in the long run. In the first...

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Gold's journey to reaching record highs is expected to be complex due to the US Federal Reserve's aggressive monetary policy and the persistent high inflation. The recent Kitco News survey received mixed responses from analysts, with an equal number of them feeling optimistic and pessimistic about the gold price trend. However, a majority of individual investors...

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Many investors are still interested in gold due to the demand from central banks, which is expected to continue. In fact, central banks bought a record 228 tonnes of gold in the first quarter of this year, according to the World Gold Council. Additionally, the value of gold remaining above $2,000/ounce despite selling pressure is another reason why investors are...

DNA_BrianTrading

Last week, there were significant fluctuations in the global gold price with both increases and decreases. Mid-week, there was a sharp increase in the gold price, which rose to 2,035 USD/ounce at times. This was due to investor concerns regarding the risks associated with the US banking system and public debt ceiling. Overall GOLD is still in an uptrend and I Buy it

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Today's gold price is currently listed at USD 2,010/ounce, showing a decrease of USD 1.2/oz compared to the opening session of the previous day. The negotiations between President Joe Biden and lawmakers to raise the US public debt ceiling, scheduled for May 12 (US time), have been postponed, as confirmed by Representative McCarthy. The USD continued to gain...

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The gold price for XAU/USD has decreased for three consecutive days, indicating a return to a bearish market after a two-week hiatus. Despite mixed sentiment, the US Dollar has remained stable while concerns about the US debt ceiling expiration and a possible recession have reinforced the bearish trend for XAU/USD. The expiration of the US debt ceiling, which has...

DNA_BrianTrading

Gold price XAUUSD has fallen for three days in a row, showing a return to the bears after a two-week break. Although the US Dollar remained steady on mixed sentiment, concerns about the expiration of the US debt ceiling and possible recession reinforced the bearish bias of XAU/USD. I vote GOLD is 1980USD/oz

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Following the overnight slide, the US Dollar (USD) makes a solid comeback and jumps to over a one-week high in the last hour amid the uncertainty over the Federal Reserve's (Fed) monetary policy outlook. The selling force is covering the gold price If the price closes below the trendline and creates a Dow. I will execute the plan to sell gold with target 2000USD...

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This price is about 11.8% higher than at the beginning of 2023. The US Department of Labor reported that the consumer price index (CPI) of the US in April increased by 4.9% over the same period, down from 5% in the previous month. Demand for gold increased rapidly after many assessments suggested that inflation below 5% would allow the US Federal Reserve (Fed) to...

DNA_BrianTrading

Based on technical analysis, the Gold price is expected to receive support near the $2,014 level, which was touched on Monday. If the psychological mark of $2,000 is breached, we may see some selling pressure. The price could potentially fall towards the $1,980 zone and then the $1,970 horizontal support. If there is further selling, the outlook would turn...

DNA_BrianTrading Updated 

Gold is likely to continue increasing in value due to the weakened state of the dollar and the US financial market facing back-to-back crises. The US is experiencing a risk of an economic recession with four banks failing since March. Tonight's CPI outcome could lead to an increase in rate hike bets, but weaker data could result in a decline in commodity...