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Gold prices ( XAU/USD ) started March on a firmer footing as it refreshed the intraday high near $1,838 in a three-day streak of gains early Wednesday in Europe. The metal's latest rally looks plausible from both a fundamental as well as a technical standpoint as news regarding China joins the XAU/USD rally past previous resistance at $1,823. . That said, strong...

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The XAU/USD pair is entering a bullish corrective phase, with chances of more sustainable gains depending on a break above $1,841.04, the 23.6% retracement of the $1,959.75/$1,804.70 decline. The next Fibonacci resistance comes at $1,863.70, the 38.2% retracement of the aforementioned slump. Still, the daily chart shows that the 20 Simple Moving Average (SMA)...

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Gold price gained traction and climbed above $1,820 after having spent the first half of the day in a tight range near $1,810. Although the benchmark 10-year US T-bond yield stays in positive territory near $3.95%, the renewed US Dollar weakness fuels the pair's rebound on Tuesday. Financial markets have been a two-tale story for the early part of 2023, in which...

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Gold price ( XAU/USD ) is showing a sideways auction below $1820.00 during the Asian session. Precious metals are expected to come out of the woods as investors are shifting focus to the US ISM Manufacturing PMI (February), scheduled for Wednesday. Investors should note that the US Manufacturing PMI has been falling for the past three months in a row. By...

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Spot gold fell on Monday to $1,806.50/troy ounce, a new 2023 low. However, the US Dollar lost its positive momentum during European trading hours, helping XAU/USD bounce The current $1,819.00 price zone. The greenback's strength in the weekly open was the result of Friday's rally, the latter of which was triggered by higher-than-anticipated inflation figures. The...

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A key inflation gauge used by the Federal Reserve, known as the personal consumption expenditures index, rose 0.6% in January, faster than the 0.2% gain in December. On a year-over-year basis, PCE rose to 5.4% in January from 5.3% in December. Core prices, excluding fuel and food, rose 0.6% and 4, respectively, 7% for the month and for the whole...

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The personal consumption expenditures (PCE) price index report - the inflation measure favored by the US Federal Reserve (Fed) - showed that prices in January increased by 0.6% compared to December 2022 and increased 4.7% over the same period last year. Both of these gains exceeded analyst expectations. The report added to pre-existing market concerns that the Fed...

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The dollar rallied to a seven-week high in the last session, after data showed US inflation continued to rise, while consumer spending rebounded in February, underpinning the outlook. Hope that the US Federal Reserve (Fed) will continue to aggressively raise interest rates to control inflation. Hotter-than-expected data helped the greenback continue to rally...

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World precious metals continue to be pressured by the strength of the USD. At dawn this morning, the US Dollar Index ( DXY ) measuring the volatility of the greenback with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) increased sharply by 0.63% to surpass 105 points. . In its gold outlook for March, Bloomberg Intelligence said that the best factor helping...

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Gold continues to be under selling pressure when DXY is continuing to strengthen due to the pressure of the Fed to raise interest rates, it is likely that it needs to be stronger to cope with the US economic situation recently... P/s: These are all personal opinions and are not bets or investment advice. There is never a concept of "certainty" in the market, so...

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Friday’s United States Core Personal Consumption Expenditures (PCE) Price Index, the US Federal Reserve’s preferred inflation measure, to 4.7% from 4.6% in January when compared to analysts' forecast of 4.3%. The headline PCE Price Index climbed to 5.4% on a yearly basis in January from 5.3% in December. Yet another encouraging US economic release helped...

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World gold price this morning tended to increase with spot gold price increasing by 2.1 USD to 1,813.30 USD/ounce. Fear in the market continued to increase as precious metal prices ended the 5th consecutive week in negative territory. Last week, gold futures in April last traded at $1,818 per ounce, down 0.71% from the previous Friday. Consistently higher...

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This week, the international gold price has continuously decreased from 1,847 USD/oz to 1,809 USD/oz and closed at 1,811 USD/oz. The two main factors that have weighed on gold prices this week are inflation and rising US government bond yields, amid expectations that the Fed will continue to raise interest rates strongly. Notably, the minutes of the Fed's January...

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Gold price XAUUSD fell sharply in the week by a total of nearly 1.7%, especially after the US Federal Reserve (Fed) released the minutes of its early February meeting showing that policymakers were more interested in raising interest rates. more to control inflation. Gold's decline continued after the number of US jobless claims fell and the country's inflation...

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In the international market, the gold price today closed the trading week at $1,811 per ounce, down another $44 per ounce from the end of last week, marking the fifth consecutive week of declines for the precious metal. Although falling from the area of $ 1,900 / ounce and not stopping the decline, analysts and investors are less optimistic about the recovery of...

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Gold price has paused its four-day losing streak just below the $1,825 level, looking for a renewed upside amid a subdued US Dollar performance so far this Friday. The US Treasury bond yields are struggling at higher levels, allowing Gold bulls to come up for the last dance. Gold price remains vulnerable after breaching the key January 5 low at $1,825...

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after 3 times not breaking the H4 barrier btc price continues to turn around and retest the next support level 22k9 to 23k1 sell when the price goes up and retest the 24k6 to 24k8 zone 25k2 buy the support level 22k8 to 23k sl 22k5

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Spot gold remains on the back foot, with XAU/USD bottoming this Thursday at $1,817.42 a troy ounce. The US Dollar maintained its momentum throughout the day, pausing temporarily during European trading hours but resuming its advance after the US opening. Mixed American data ended up weighing on stock markets, as the annualized economic growth suffered a downward...