MrTrongVo

MrTrongVo

As 2024 unfolds, gold prices are poised for a significant surge due to the economic and geopolitical forces that underline a strong bullish trend in the market. Despite the challenges posed by a strengthening U.S. dollar and hawkish stances from the Federal Reserve, gold has maintained robust performance. This strength is further supported by a marked increase in...

MrTrongVo

Technical analysis of gold also shows bullish prospects. Gold prices have charted an ascending widening wedge pattern since 2016, starting from a low of $1124.30. This pattern is often recognized for its expanding trend lines and suggests increasing volatility and bullish sentiment as price makes higher highs and lows. Furthermore, another bullish pattern has...

MrTrongVo

As at end April 2024, the amount of gold held in London vaults was 8,552 tonnes (a 0.1% decrease on previous month), the lowest holdings since May 2020, valued at $634.3 billion, which equates to approximately 684,132 gold bars. The market last night received information that the number of applications for unemployment support last week in the US increased...

MrTrongVo Updated 

When assessing that prospect, there are worse market indicators to monitor than the front-end of the US bond curve. As this chart shows, the daily correlation between the US dollar index and US two-year bond yields over the past quarter stands at 0.89, implying the dollar usually follows movements at the front-end of the US curve. Gold looks great on he charts,...

MrTrongVo

Gold fell again despite falling Treasury bond yields. From an overall perspective, gold continues to struggle after its recent pullback. The most recent support for gold is in the $2,295 – $2,305 range. A move below $2,295 would bring gold towards support at $2,190 – $2,200. Gold prices fell slightly in Asian trading today, having mainly received limited support...

MrTrongVo

Gold remains pegged below key resistance patterns, with a bearish flag suggesting lower price potential unless it rises above recent highs. Gold remains stuck in its most reasonable course and is prone to a 5-day turnaround. Consolidation is taking place just below the resistance indicated by the purple 20-day MA, currently at the 2,330 level, and the 38.2%...

MrTrongVo

Gold charges rose in Asian buying and selling today, taking gain of a current decline withinside the greenback as weaker-than-anticipated US payroll facts brought about buyers to growth bets at the Federal Reserve. The US Federal Reserve (FED) will reduce hobby costs. However, gold`s profits have been tempered with the aid of using progressed threat urge for food...

MrTrongVo

World gold fees elevated with spot gold growing via way of means of 20.three USD to 2,323 USD/ounce. Gold futures final traded at $2,332.eighty an ounce, up $24.20 from the intense spot. The gold marketplace enters new weekly buying and selling with organization depth furnished via way of means of the weakening USD. The US Dollar Index fell to its lowest degree...

MrTrongVo

This week, 15 Wall Street analysts participated in the Kitco News Gold Survey and most analysts expect gold to slide this week. Four analysts, or 27%, predict gold prices will move higher, while five analysts, or 33%, predict gold prices will fall. 6 experts, equivalent to 40% of respondents, believe that gold will continue to trade sideways. Meanwhile, 217 votes...

MrTrongVo Updated 

World gold spot price is around 2,306.4 USD/ounce, up 5.4 USD/ounce compared to last week. Gold futures price in June 2024 on the Comex New York floor is at 2,304.7 USD/ounce. Last week, the world gold price in the first session of the week traded at 2,335 USD/ounce. After that, the gold price could not be kept above 2,340 USD and began to decline, the lowest...

MrTrongVo

The gold market is getting some new bullish momentum. Gold prices are expected to continue to rise even if the US Federal Reserve (FED) delays the comfort cycle. Despite recent selling pressure, Goldman Sachs still forecasts that gold prices will increase sharply. This unit finds that gold can maintain growth even if the Fed delays the comfort cycle. Nicholas...

MrTrongVo Updated 

World gold prices decreased amid an increase in the USD index. Recorded at 5:00 p.m. on May 2, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 105,665 points (up 0.04%). World gold prices soared and then quickly decreased after the US Federal Reserve (FED) kept interest rates unchanged and took a less tough attitude....

MrTrongVo

Gold expenses recovered withinside the buying and selling consultation on Wednesday (May 1) after the United States Federal Reserve (Fed) saved hobby costs unchanged, with bottom-fishing sports acting because the USD and bond yields fell. Closing the consultation, spot gold charge improved 0.9% to 2,306.eight USD/ounce after falling to its lowest for the reason...

MrTrongVo Updated 

Gold prices are expected to increase for the third consecutive month ahead of the Fed meeting Gold prices are on track to increase for the third consecutive month thanks to strong demand from central banks. Attention is now on the Fed's interest rate decision meeting this week, where policymakers are expected to take a hawkish stance. As of early Asian session,...

MrTrongVo Updated 

Gold has ended its 5-week winning streak, but it can still increase Gold ended a five-week winning streak on Friday, but its rally is likely not over yet as favorable factors such as demand from central banks continue, even as a wave of net withdrawals continues. from gold ETFs began to reverse. Gold prices increased 0.3% to 2,348.75 USD, but fell sharply...

MrTrongVo Updated 

World gold spot rate is round 2,318.eight USD/ounce, down 1.2 USD/ounce in comparison to overnight. Gold futures rate in June 2024 at the Comex New York ground is at 2,330.2 USD/ounce. At 8:00 p.m. on April 24 (Vietnam time), today's spot gold price on the world market is at 2,320 USD/ounce. Gold for delivery in June 2024 on the Comex New York floor is at 2,334...

MrTrongVo Updated 

Gold rebounded towards $2330 after an unsuccessful attempt to settle below the $2300 level. From the technical point of view, gold received strong support in the $2295 – $2305 range. Gold completed a 50% retracement today with a low of 2,291 before buyers took control and ran the precious metal up to a high of 2,334, at the time of this writing. Earlier in...

MrTrongVo Updated 

During final week`s buying and selling session, global gold at one factor multiplied to 2,402 USD/ounce because of issues approximately war withinside the Middle East. However, a few traders took benefit of promoting to take profits, forcing the gold fee to shut at 2,392 USD/ounce. World gold charges had been pretty calm on account that Iran's navy assault on...