damany2006

damany2006

Decline in Central Bank Gold Purchases: In June, central banks reported a net gold purchase of 12 tons, reflecting a 7% decrease compared to May. This decline suggests weaker demand, potentially adding downward pressure on gold prices. (Source) China Stops Gold Purchases: China’s central bank halted gold buying after 18 consecutive months of accumulation. This...

damany2006

Technical Analysis of XAU/USD (Gold to USD) - 4H Timeframe 1. Overall Market Trend The market is in a clear uptrend, consistently forming higher highs (HH) and higher lows (HL). Multiple Break of Structure (BOS) events indicate the continuation of bullish momentum. 2. Key Zones on the Chart Support Zones (Floors): Important support levels are marked in purple and...