Hello everyone, let's recap the gold market over the past week together! This past week hasn't been particularly favorable for gold. The precious metal is currently closing at $2,327 per ounce, remaining in a short-term downtrend. The trading level has seen little change since its last session at $2,365 per ounce. In the short to medium term, adjustments are...
Gold prices continued to decline today, dropping by $16 to $2,327 per ounce, closing out the trading session for the week. During the final trading session of this week, the gold market received the much-anticipated report on the Personal Consumption Expenditures (PCE) Price Index. Despite inflation rising in line with expectations, which increased the likelihood...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
📌GBP/USD eases from 1.2765, keeping gains modest. GBP/USD hit a two-day peat at 1.2765 during the US session, as US data showed core PCE inflation held steady at 2.8% yoy in the month Private. The pair retreated later as risk aversion triggered demand for the US Dollar. 📌The possibility of the FED cutting interest rates in September is quite low. As the Fed has...
Hello everyone, Brian here. Today, gold is closing at $2,327. We've seen a slight decline towards the end of the day following the Personal Consumption Expenditures (PCE) Price Index report for April, which showed a 2.7% increase year-over-year, matching market expectations. The core PCE Price Index for April also rose 2.8% compared to the same period last...
#Gold - UniverseMetta - Analysis After the impulse, the price corrected by more than 50%, what can we see in the near future? If we consider a rebound from the level of 2324, we can consider buying from the level of 2355 further along the trend to the ATH update. In this case, sales must be refused. and consider a local movement to the level of 2390. To continue...
World gold prices remained stable this morning as traders focused on the Personal Consumption Expenditures Price Index (PCE) report, the FED's preferred inflation measure, expected to be released this evening. can provide a more specific view on the timing and extent of interest rate cuts by the FED this year. According to financial and securities market analysis...
World gold prices increased slightly with spot gold increasing by 5.7 USD to 2,342.6 USD/ounce. Gold futures last traded at 2,364.5 USD/ounce, up 27.6 USD compared to yesterday morning. Gold prices reversed to increase after the latest published data showed that economic growth in the US has slowed down from the beginning of the year until now. According to...
💥After the gold price reached a new all-time high, it encountered a sell-off and fell back to more than 120 US Dollars an ounce from a high of 2,450 USD/ounce. Gold continued to fall when the FED made new statements. about monetary policy. Gold prices will continue to decline if the US economy continues to grow and data shows that the US economy is still at a good...
The current analysis indicates a Bullish trend for OANDA:XAUUSD , provided it stays above the PIVOT LINE at 2329, and it's possible to touch 2355 as well then it'll start the bullish trend. The prevailing Bullish pressure suggests that if trading remains above 2329, the trend will continue a strong upward till 2376. otherwise stabilizing below 2329 will try to...
Gold prices are currently facing fresh selling pressure around $2,330, extending the earlier decline seen on Thursday morning. The continuous rise of the US dollar has put downward pressure on gold prices. Investors are eagerly awaiting a series of new economic data from the United States and several speeches from Federal Reserve policymakers, hoping to glean new...
analysis of #GOLD time frame: 1H It seems that gold can experience a good growth from the support of 1 hour
Gold prices dropped slightly to hover around $2,360 per ounce on Wednesday. This decline was attributed to investors scaling back their expectations for interest rate cuts by the US Federal Reserve this year. The market is also eagerly awaiting the release of the key PCE inflation report. GOLD is following the previous wave E assessment, completing wave 4 and...
Analysts say world gold prices dropped after an official of the US Federal Reserve (FED) commented on monetary policy. This person believes that high US interest rates will be kept stable, or even increased if necessary. Immediately, the currency market reacted. The USD increased in price compared to many other strong currencies, putting pressure on gold prices...
World gold prices turned down sharply with spot gold down 24 USD to 2,336.9 USD/ounce. Gold futures last traded at 2,336.9 USD/ounce, down 25.5 USD compared to yesterday morning. The recovery of the USD, rising bond yields and "hawkish" comments from US Federal Reserve (Fed) officials have weighed on sentiment in the gold market, while investors wait. Look...
World gold prices continued to increase with spot gold price at 10.2 USD increasing to 2,360.9 USD/ounce. Gold futures last traded at $2,362.40 an ounce, up $9.90 from the bright spot. The world's yellow metal continues to gain modestly, fueled by the weakening of the USD, while investors are still eagerly awaiting US emission data later this week for more...
Hello everyone, it's Brian! Today, gold prices continue their short-term recovery, with the precious metal consistently creating new support levels. The US Dollar is weakening, and regardless of market sentiment, XAU/USD is trading around $2,360. There was a temporary increase in demand for the greenback at the start of the US session following optimistic...
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