Florence_scalping

Florence_scalping Updated 

Gold prices have just spent a week up more than 1.3% in value as Chairman Jerome Powell signaled that interest rates will continue to rise this year. At the Central Bank Symposium in Jackson Hole, the head of the Fed made clear, will maintain the 2% inflation target and not seek to cut interest rates soon. Gold is surprisingly strong even with the dollar strong...

Florence_scalping Updated 

Gold prices rebounded today thanks to the weakening of the USD. At the same time of the survey, the US Dollar Index, which measures the volatility of the greenback, fell below the threshold of 104 points, increasing the attractiveness of gold to buyers holding other currencies. Gold is likely to appreciate significantly as the US economy prepares to enter a...

Florence_scalping Updated 

Precious metal prices soared today amid many still betting on the possibility that the Fed will raise interest rates one more time. Investors are also waiting for some important economic data to be released this week. That is employment data, employee income ... These are the factors that affect the decision of the Fed. Gold price continues to hold a solid...

Florence_scalping Updated 

Recent gains in gold prices have pushed the yellow metal back to the key falling trendline from April. It is also sitting on the intersection of a former rising trendline from November. The pink circle in the chart below highlights this potential key zone of resistance that could prove too formidable to break through. But, an upside breakout would offer a stronger...

Florence_scalping Updated 

World gold price stood at $1,947, up $11 compared to the same hour yesterday morning. The price of precious metals is at the highest level since early August. Gold continues to gain momentum as newly released data shows that the labor market shows signs of cooling down and the world's leading economy is slowing down. Specifically, the report on gross domestic...

Florence_scalping Updated 

The slight decrease in gold prices is a response to stable inflationary pressures announced on Thursday. Specifically, according to the US Department of Commerce, the core personal consumption expenditures (PCE) price index increased by 0.2%. in the previous month, compared to a 0.2% increase in June. Meanwhile, inflation over the past 12 months increased by 4.2%,...

Florence_scalping Updated 

After 4 weeks of decline, gold price has rebounded this week. After opening at 1,889 USD/oz, gold price fell slightly to 1,884 USD/oz, then rose continuously to 1,923 USD/oz. However, at the end of the week, gold price dropped and closed at 1,913 USD/oz. At the recent Jackson Hole conference, although Fed Chairman Powell provided little new information on the...

Florence_scalping Updated 

Gold temporarily ignores the view of the small frame, with a view of D1, currently the RSI is showing that it is in the oversold zone, the price is also far away from the EMA calculated for the D1 histogram, which means that this area is no longer an oversold area. oversold area. best selling area if you look at it. Castle. Calculating the down period from 1989...

Florence_scalping Updated 

The rise of gold price in the world was restrained by the strengthening USD. Recently, the USD has strengthened quite clearly against major currencies. The DXY index (which measures the dollar's volatility against six major currencies in the world) has increased to 103.5 points, from a low of 997 points in mid-July. The world USD appreciated strongly in the...

Florence_scalping Updated 

As Gold looks to snap its recent run of losses this week the US Dollar has remained supported on fears that the US Federal Reserve will need to keep rates higher for longer. This comes as US data with the exception of the PMIs this week remains strong. Strong labor data and US Durable Goods numbers yesterday further strengthening the idea of higher rates while...

Florence_scalping Updated 

The world gold price stood at 1,901 USD/ounce, up 5 USD/ounce over the same hour last morning. After hitting a 5-month low, short-term compensating and bargain-hunting by investors are believed to have helped gold prices recover. The world gold rose again in the context of the USD's momentum slowing down and US bond yields turned to decrease slightly. The drop in...

Florence_scalping Updated 

Gold prices continue to hover around its five-month low, attempting to stabilise from recent sell-off despite another upmove in Treasury yields overnight. A pause in the US dollar rally may provide a catalyst for some breather, along with a reversion from near-term oversold technical conditions. That said, there are no clear signs of a reversal yet, with the...

Florence_scalping Updated 

The precious metal just experienced a third consecutive week of losses as recent positive US economic data raised the possibility that interest rates will remain high for a longer time. Talking about the price action this week, analysts expect the market to be quiet as investors await Fed Chairman Jerome Powell's speech at the annual Jackson Hole...

Florence_scalping Updated 

The US Dollar mostly outperformed its major counterparts this past week. Gold prices were particularly hit hard as Treasury yields on the longer-term spectrum soared. This was likely to due financial markets pricing in a higher terminal rate from the Federal Reserve amid still-solid economic data.

Florence_scalping Updated 

World gold price stood at 1,896 USD/ounce, up 11 USD/ounce over the same hour last morning. The precious metal price is still struggling at the lowest level in the past 5 months. The precious metal's rally is still being capped by rising US Treasury yields, with the technical chart remaining in a downtrend. Investors are now awaiting a speech from Fed Chairman...

Florence_scalping Updated 

Gold Prices recovered a little on Thursday following three days of falls this week, but the market remains beset by relentless rises in high-quality bond yields, notably in the United States but also elsewhere, as markets move to price in higher interest rates for longer. The previous session saw the release of minutes from the US Federal Reserve’s July monetary...

Florence_scalping Updated 

The world gold price stood at 1,892 USD/ounce, down 10 USD/ounce compared to the same hour last morning. Last night, gold prices penetrated the key support level of $1,900. Precious metals are fluctuating at the lowest prices in more than 5 months. Gold prices fell sharply after the minutes of the central bank's July monetary policy meeting were released. The...

Florence_scalping Updated 

Minutes of the July FOMC meeting have been released. The document indicates that most Federal Reserve officials still believe high inflation is an ongoing threat and deserves additional rate hikes. However, there is no general consensus on the way forward in what could best be described as mixed messages among Federal Reserve members. One of the main issues was...