Panter-Trading

Panter-Trading Updated 

Gold prices rose nearly $1890/troy ounce in Asia on Friday, showing signs of recovery after four straight weeks of declines. The US Dollar (USD) fell, contributing to the recovery of Gold prices. However, there is still the possibility that Gold sellers could become more active due to factors such as increased risk aversion in the market, higher US Treasury...

Panter-Trading Updated 

Gold prices (XAU/USD) fell to fresh five-month lows before stabilizing around $1,890 as market participants looked for more clues to extending the previous downturn, supported by recent downturns. hawkish Federal Reserve (Fed) concerns and risk aversion. That said, fears of a recession in China and weaker growth numbers in advanced economies coupled with firmer US...

Panter-Trading Updated 

Gold prices remain on the defensive at key technical levels, under pressure around recent multi-day lows. Gold continues to trade around the critical $1900 resistance area but can't break it The main trend throughout the time frame is still a downtrend so the Sell strategy will still be preferred However, we should only invest for short term, because it is very...

Panter-Trading Updated 

Open interest in gold futures markets extended the uptrend for another session on Tuesday, this time by around 3.4K contracts according to preliminary data from CME Group. At the same time, volume increased by nearly 45,000 contracts after two consecutive daily declines. Gold prices extended the pessimism in the first half of the week amid increased open interest...

Panter-Trading Updated 

In the short term and according to the 4-hour chart, the bearish EMAs are leading lower, currently providing inductive resistance around $1920.30. The longer moving average is still significantly higher than the shorter one, while providing a downward slope, while the technicals just bounce off the intraday lows but remain in the negative territory. Finally, Wall...

Panter-Trading Updated 

Gold price weakened under the pressure of USD appreciation. This morning, the US Dollar Index, which measures the volatility of the greenback, surpassed 103 points, knocking out the attractiveness of gold. Interest rates did not decrease, causing investors to continue withdrawing capital from gold to switch to other fields such as bonds and securities. Therefore,...

Panter-Trading Updated 

Last week, international gold prices continued to fall as the US Dola Index and 10-year Treasury yields on the rise for the fourth consecutive week. US consumers have begun to stress more in living and saving in spending due to continuously rising US interest rates. Force the Fed to stop raising interest rates if it doesn't want the US economy to fall into a...

Panter-Trading Updated 

Gold prices make a modest recovery from July 7 lows around the $1911-$1910 region set during the Asian session this Friday and, for now, appear to have broken a four-day losing streak. price. XAU/USD is now trading around the $1,915-$1.916 region, up more than 0.10% on the day, despite a lack of bullish confidence and remains vulnerable. The US dollar (USD) is...

Panter-Trading

Gold prices fell to their lowest levels since early July, following initial efforts to make up for losses after US inflation data gave mixed signals and Federal Reserve officials (Fed) ) hastily celebrated the victory against price pressure. However, high US Treasury yields and fear emanating from China put pressure on XAU/USD. The US Consumer Price Index (CPI)...

Panter-Trading Updated 

Gold price (XAU/USD) remains low around $1935 after starting the trading week with slight losses. However, XAU/USD managed to hold onto its downside amid technical glitches, as well as higher US Treasury yields, despite a sluggish US Dollar ahead of this week's inflation data from America and China. Gold prices maintained last week's key support before breaking...

Panter-Trading Updated 

Gold prices attracted some buying power during the Asian session on Wednesday and partially recovered the previous day's losses to the $1,923-$1,922 region, or four-week lows. XAU/USD is now trading just below $1,930, up nearly 0.20% on the day, though any meaningful upside still seems elusive. A generally softer tone around the equity markets, coupled with a...

Panter-Trading Updated 

XAU/USD fell sharply early in the US session, hitting a fresh 4-week low of $1,922.74 per troy ounce, as demand for the US Dollar increased following comments from Reserve officials. Federal. unified report on the Consumer Price Index (CPI) of the United States (USA) July. Philadelphia Federal Reserve Bank President Patrick Harker said they are getting back to...

Panter-Trading Updated 

Gold (XAU/USD) prices fell to a one-month low as they fell to $1,914 in the early hours of the Asian session on Thursday. With that said, the precious metal doesn't welcome any positive news from China, or a drop in the US Dollar ahead of US inflation data. The reasons could be related to market concerns about the health of the banking industry and the global...

Panter-Trading Updated 

In general, the price of gold is in a downtrend, as evidenced by the falling peaks and troughs The price line is also trading completely below the 2 EMA for the SELL value zone So today's main priority is SELL to catch the trend and Buy Scaling strategy should be closed early However, tonight we will receive CPI news at 7:30. So really GOLD can falter with 1 HIT...

Panter-Trading Updated 

Gold price (XAU/USD) started the week including key US inflation without much surprise as it defended the previous day's correction off a key support line, mainly supported by mixed US jobs report, early Monday in Asia. In doing so, XAU/USD seesaws near $1943, breaking above the 50 DMA barrier at press time. That said, Gold prices have fallen for the past two...

Panter-Trading Updated 

Gold had a volatile weekend after the release of the Nonfarm data. Gold price fell to 1925 and then rose more than 20 prices to 1946 Nonfarm data showed 187,000 new jobs in July, slightly lower than forecast. This is a positive signal for the Fed for a soft landing. However, steady wage growth and falling unemployment suggest that labor market conditions continue...

Panter-Trading Updated 

Gold prices traded near their lowest levels in more than three weeks, as the dollar and bond yields strengthened. The dollar rose to a four-week high, making gold more expensive for holders of other currencies. Yields on 10-year US bonds also rose to their highest levels since November 2022. The USD Index, a measure of the greenback's strength against other...

Panter-Trading Updated 

The gold price since the opening of the US session on March 8, 2023 has not changed significantly in movement. usually, this is usually due to strong resistance between Bearish and Bullish Action. However, sometimes at this point, traders tend to take profit-taking actions that happen suddenly. Sudden take-profit actions often require an initial trigger that is...