GOLDFXCC

GOLDFXCC

Planning to initiate a short position in the Nasdaq when it reaches 19,100, aiming to capitalise on a downward movement to 18,900. Once the Nasdaq hits 18,900, I will close my short position and open a long position, anticipating a rebound that could lead to a new all-time high (ATH). This strategy is designed to take advantage of both the anticipated decline and...

GOLDFXCC

Gold Prices Record High Amid Fed Rate Cut Speculation - Gold reached an all-time high of $2,586 per ounce last week, rising over 3.25% as speculation grows about a potential U.S. Federal Reserve rate cut. - Traders are betting on a larger-than-expected cut, potentially 50 basis points, to stimulate the economy, which has been impacted by inflation concerns and...

GOLDFXCC

- GBPUSD continues its attempts to settle above the resistance at 1.3120 – 1.3140 as traders focus on general weakness of the U.S. dollar. - In case GBPUSD settles above the 1.3140 level, it will gain additional upside momentum and move towards the next resistance at 1.3245 – 1.3665.

GOLDFXCC Updated 

- Gold prices remained close to their recent all-time highs last week, driven by strong market sentiment and expectations of an interest rate cut by the Federal Reserve in September. This optimism follows comments from Fed Chair Jerome Powell, who suggested a potential policy shift, fueling speculation that the Fed may reduce rates by 25 basis points, with some...

GOLDFXCC Updated 

The upcoming Jackson Hole symposium, scheduled for August 22-24, is expected to be a significant event for financial markets. Hosted by the Federal Reserve Bank of Kansas City, the gathering will bring together central bankers, policymakers, and economists from around the world. Investors are eagerly awaiting Fed Chair Jerome Powell’s remarks, which could provide...

GOLDFXCC Updated 

The upcoming Jackson Hole symposium, scheduled for August 22-24, is expected to be a significant event for financial markets. Hosted by the Federal Reserve Bank of Kansas City, the gathering will bring together central bankers, policymakers, and economists from around the world. Investors are eagerly awaiting Fed Chair Jerome Powell’s remarks, which could provide...

GOLDFXCC Updated 

Gold Prices — Anticipation of U.S. Inflation Data and Geopolitical Tensions - Gold prices edged higher on Monday, driven by anticipation of U.S. inflation data and the potential for a Federal Reserve rate cut. Investors are closely watching the upcoming Producer Price Index (PPI) and Consumer Price Index (CPI) reports, which are expected to show modest increases...

GOLDFXCC

- Market expectations for a September rate cut by the Federal Reserve have risen, with a 55% chance of a 50-basis-point reduction now priced in. This potential shift is boosting gold's appeal, as lower interest rates make non-yielding assets like gold more attractive. U.S. jobless claims came in lower than expected at 233,000, suggesting the labour market remains...

GOLDFXCC

The EURCHF is poised for an initial target of 0.95500, with favourable buying opportunities at 0.93600

GOLDFXCC Updated 

The NASDAQ is poised for an initial target of 19200, with favourable buying opportunities at 17900 -18000.

GOLDFXCC Updated 

Gold Market Outlook — Fundamentals - Gold prices retreated on Friday due to profit-taking after a strong rally earlier in the week. However, the precious metal still logged an impressive weekly gain of $55.48 or 2.32%, settling at $2442.50. - Escalating conflicts in the Middle East, including the killing of Hamas leaders, fueled safe-haven demand for gold. The...

GOLDFXCC Updated 

Potential for a bearish pullback on the EURGBP which could lead to a price movement towards the support level at 0.79600

GOLDFXCC

Notcoin (NOT) is a play-to-earn token integrated into the TON ecosystem, primarily used in a Telegram-based game. Players can earn tokens by tapping a virtual coin and completing various in-game tasks. With the increasing popularity of the game, we can anticipate a rise in Notcoin's value towards 0.032000. Potential 161% up

GOLDFXCC Updated 

- Central bank gold purchases slowed, with net buying of 10 metric tons in May, down 56% from April. Major buyers included Poland, Turkey, and India, while Kazakhstan sold 11 tons. - Physically backed gold ETFs saw their first inflows in a year in May, suggesting renewed investor interest. Saxo Bank forecasts gold to reach $2,500 per ounce by end-2024, driven by...

GOLDFXCC Updated 

The GBPCAD is poised for an initial target of 1.75200, with favourable buying opportunities anticipated as it progresses towards the 1.73800 mark.

GOLDFXCC

Potential for a bearish pullback on the EURAUD H12 which could lead to a price movement towards the support level at 1.59000 from1.63000 level

GOLDFXCC

BTCUSD Potential for a bearish pullback on the Bitcoin 1D which could lead to a price movement towards the support level at 54k. Best SELL zone from 65.600

GOLDFXCC Updated 

- Gold prices remain under pressure, continuing their bearish trend after a steep sell-off last Friday. Today, gold prices fell as the U.S. dollar strengthened. This rise of 0.1% in the dollar makes gold more expensive for holders of other currencies. - Technical View The key level is 2,234. A sustained move under $2,344 will signal the presence of sellers. If...