Scalper_Ananda

Scalper_Ananda

Gold rose to around $2,460 per ounce on Friday, approaching record highs and on track for a weekly gain, driven by recent weak US economic data that bolstered expectations of Federal Reserve rate cuts. Thursday's data showed US manufacturing activity contracted more than anticipated in July, with employment hitting levels not seen since 2020. Additionally, jobless...

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Gold declined near $2,380 per ounce on Tuesday, extending losses from the previous session, as investors look forward to upcoming policy meetings from major central banks this week. The Federal Reserve is anticipated to keep interest rates unchanged on Wednesday, but all eyes will be on any indications of a potential rate cut in September. Meanwhile, the Bank of...

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🟢Gold is rising as expectations firm of falling interest rates in the US – a positive for the precious metal. 🟢Fed’s Adriana Kugler says a combination of falling inflation and weakening labor market could force rate cut “later this year”. 🟢Bets from Shanghai Futures Exchange traders are further bidding up Gold, say strategists from TD Securities. 🔝Gold rises...

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Gold rose above $2,470 per ounce on Wednesday, reaching a new record high, driven by increased optimism that the Federal Reserve will lower rates as early as September. Fed Chair Jerome Powell noted on Monday that June's lower-than-expected inflation boosted confidence in meeting the price growth target and added that the central bank will not wait for inflation...

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💵GOLD PRICE AND ECONOMIC INFORMATION Gold fell below $2,410 per ounce on Friday after rising nearly 2% in the previous session, but is set to notch a third straight weekly gain, supported by softer-than-expected inflation figures for the US. Headline inflation slowed more than anticipated to a one-year low of 3% in June, while the annual core measure dropped to a...

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💵GOLD PRICE AND ECONOMIC INFORMATION Gold rose near $2,375 per ounce on Thursday, rising for the third straight session, as investors await US CPI data due later today to seek cues on the Federal Reserve's timing and depth of interest rate cuts. The annual CPI inflation is expected to ease from 3.3% to 3.1% in June, while the core CPI is anticipated to remain...

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💵💵💵GOLD PRICE AND ECONOMIC INFORMATION Gold rose above $2,360 per ounce on Tuesday, recouping some losses from the previous session as investors turn their attention to Fed Chair Powell's semi-annual testimony before Congress. Last week's figures showed a softening labor market in the US, with the unemployment rate reaching a two-and-a-half-year high and wage...

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💵GOLD PRICE AND ECONOMIC INFORMATION Gold eased below $2,390 per ounce on Monday after rising over 1% in the previous session, but remained close to six-week highs, driven by increased expectations of early rate cuts by the Federal Reserve following soft US economic data. Friday’s data indicated a weakening US labor market, with the unemployment rate rising to a...

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🟢Gold price struggles to register any meaningful recovery from a two-week low set on Wednesday. 🟢The Fed’s hawkish stance, higher US bond yields, and recent USD strength have acted as a headwind. 🟢Geopolitical tensions and political uncertainty help limit the downside for the safe-haven metal. 🕯Daily Digest Market Movers: Gold price remains on the defensive...

Scalper_Ananda Updated 

💵GOLD PRICE AND ECONOMIC INFORMATION Gold fell to around $2,310 per ounce on Wednesday, extending its decline from the previous session, as investors digest more hawkish remarks from Federal Reserve officials about the outlook for interest rate cuts. Fed Governor Lisa Cook stated on Tuesday that a rate cut will be appropriate at some point, but the timing is...

Scalper_Ananda Updated 

Price range to note: Upper breakout amplitude: 2334 Lower border breakout: 2323 - 2316 - 2312 Support: 2316 - 2312- 2306 - 2300 Resistance: 2337 - 2341 - 2345 - 2349 - 2354 SELL price range 2336 - 2338 BUY price range 2302 - 2300 stop loss 2296 The scaling strategy will be launched when the above supported resistances signal on command. Note: Full TP, SL...

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Gold held steady around $2,360 per ounce on Friday, hovering at its highest level for two weeks, and set to post its second weekly gain, as soft US economic data reinforces predictions that the Federal Reserve might lower interest rates this year. could provide further insight into the economy's strength. 🔴SELL GOLD: 2388 - 2390, SL: 2394 🟢BUY GOLD: 2345- 2343,...

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Gold hovered around $2,330 per ounce mark on Thursday, as sluggish US economic performance heightened expectations that the Federal Reserve might reduce interest rates this year. Tuesday’s data showed that US retail sales barely rose, signaling cooling consumer sentiment. This, along with recent labor market and price data suggesting easing pressures, prompted the...

Scalper_Ananda Updated 

Gold rose to around the $2,320 per ounce mark on Monday, rebounding from declines in the previous session, as investors awaited a series of economic reports and comments from Federal Reserve officials throughout the week to gauge the Fed’s interest rate cut timeline. Key focal points include the US retail sales data scheduled for later today, weekly jobless claims...

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Gold held steady around the $2,330 per ounce mark on Wednesday after declining in the previous session, as softer-than-expected US retail sales data strengthened expectations of imminent Federal Reserve rate cuts. Retail sales in the US rose by 0.1% in May, following a revised 0.2% decline in April, missing the 0.2% forecast and signaling cooling consumer...

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💵GOLD PRICE AND ECONOMIC INFORMATION Gold dropped to around $2,320 per ounce on Monday, following a more than 1% rise last week, under pressure from higher US Treasury yields, while market participants awaited further cues to gauge the Federal Reserve's monetary policy trajectory. Last week's data indicated that US consumer prices held steady in May for the first...

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💵GOLD PRICE AND ECONOMIC INFORMATION Gold held steady above the $2,300 per ounce mark on Friday, on track for its first weekly gain in four weeks after falling over 1% in the previous session, as investors assessed softer-than-anticipated US inflation figures against the Federal Reserve’s updated interest rate projections. Thursday's data showed that the US PPI...

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Investors will focus on updated economic projections from the central bank, which are expected to show fewer rate cuts than policymakers previously anticipated. Markets now see only one rate reduction from the Fed this year in light of stronger-Gold prices eased toward $2,310 an ounce on Wednesday, hovering close to one-month lows as caution prevailed ahead of key...