✅ Gold managed to create a New All-Time High(ATH) at the beginning of the week. 🏃♂️Currently, Gold is moving near the 🔴 Resistance zone($2,450-$2,426) 🔴. 🌊According to the Elliott wave theory , Gold has succeeded in completing main wave 5 by the Ending Expanding Diagonal . 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks...
Hello everyone, As predicted yesterday, gold has undergone a pullback to the 2375 USD level after needing some consolidation. Recently, gold has been significantly impacted by the Fed's hawkish policy stance. Despite these fluctuations, gold continues to be regarded as an effective investment asset due to its role in hedging against inflation and diversifying...
💥Since the shock increase and decrease on Monday following the speeches of Fed officials, the gold price (XAU/USD) has had almost no significant fluctuations, fluctuating around 2,420 USD/ounce. 💥Gold is under profit-taking pressure after the precious metal hit an all-time high earlier this week. However, this precious metal still remains firmly above the level...
World gold prices continued to decline sharply with spot gold down 42.7 USD to 2,378 USD/ounce. Gold futures last traded at 2,382.1 USD/ounce, down 43.7 USD compared to yesterday morning. The world precious metals market continues to be pressured by the policy stance of the US Federal Reserve (Fed) after the meeting minutes ended earlier this month. According to...
Gold prices today have seen a slight decline as expected if gold surpassed the 2375 USD mark. Currently, the precious metal is hovering around 2364 USD, down 0.60% for the day with a drop of 150 pips at the time of writing. Gold is healing its wounds after reaching a five-day high, now sitting below 2370 USD, weakened by the May policy meeting minutes from the...
Gold prices are currently following a five-week upward trend, suggesting strong potential for 'buy-the-dip' trading opportunities in gold. However, for a sustained bullish trend to begin, gold needs to close above the wedge resistance at $2,450, which is an all-time high for the metal. Regaining this level could propel prices towards the $2,500...
Gold prices continued to decline on Tuesday, completely covering the recovery phase after the pullback from the $2,450 mark. However, gold remains supported by rising expectations of a Fed rate cut, ongoing geopolitical tensions, along with strong demand from central banks and Asian buyers. The daily chart of the XAU/USD pair favors an extension to the upside,...
Today, gold prices traded slightly lower on Tuesday as the US dollar gained only modestly amid a sour market mood. XAU/USD oscillated around the $2,420 mark after touching a daily low of $2,406.10. Asian and European indices dipped as investors took profits ahead of earnings reports, while lacking fresh catalysts. The macroeconomic calendar was quiet on Tuesday,...
The Fed will release minutes from its April 30-May 1 meeting on Wednesday, which may reflect more concerns about higher-than-expected inflation in the first quarter, as the meeting was held before the release of last week's consumer price inflation report. The Fed said at the meeting that it still prefers to eventually lower borrowing costs, but acknowledged...
Today we went long gold near the 2412 position and successfully hit TP: 2423. It was still a good trading profit. At present, gold has rebounded strongly to above 2430. The bulls have regained control of the situation. How much more can gold rise? Do we still want to continue chasing gold? There may be many people who have this question, and many people have...
Gold prices fluctuated sharply when some US Federal Reserve (FED) policymakers recommended that the organization wait a few more months to ensure inflation really cools down, before starting to cut. interest rate. Reacting to this information, the USD increased in price compared to the Euro and many other currencies. Gold price today is in a disadvantageous...
After reaching 2,450 USD/ounce in the previous trading session, today's gold price on the international market has cooled down but not significantly. At 6 a.m. on May 22, the world gold price was trading at 2,422 USD/ounce, down 6 USD compared to the price at the same time the previous day which was 2,428 USD/ounce. Analysts say international gold prices cool...
World gold prices decreased with spot gold down 5.2 USD to 2,420.7 USD/ounce. Gold futures last traded at 2,425.2 USD/ounce, down 4.9 USD compared to yesterday morning. On May 21 (US time), gold was under profit-taking pressure after this precious metal hit an all-time high earlier this week. However, this precious metal still remains firmly above the level of...
World gold prices increased with spot gold increasing by 9.2 USD to 2,425.9 USD/ounce. Gold futures last traded at 2,430.3 USD/ounce, up 12.9 USD compared to yesterday morning. Although the price of the yellow metal inched up slightly compared to yesterday morning, it has dropped sharply compared to the increase during the day. Previously, gold had conquered a...
There was no US economic data released on Monday and Tuesday, but the tension in the geopolitical situation had a great impact on the financial market. Iran confirmed that its president had been killed, which undoubtedly added many uncertainties to the unstable Middle East. Although the helicopter crash has not yet been resolved, if it is confirmed, the Middle...
If the price successfully retests the support or resistance level and bounces off it, this confirms that the level is valid and that it can be used as a trading signal. . . However, it is important to note that not all breaks and retests are successful. Sometimes, the price may break through a resistance level and then immediately retrace back to the level...
Today, gold continued its upward trend, marking the third day of recovery with trading levels around $2430 at the start of Tuesday’s session. Previously, the precious metal had reached a new all-time high, soaring to $2,449.8 per ounce, driven by signs of slowing inflation in the U.S., which raised expectations that the Federal Reserve (Fed) might soon cut...
World gold prices skyrocketed as the level of inflation, and its series of impacts on US monetary policy, boosted demand for holding the precious metal. On the other hand, gold prices are also supported by increased reserves at the Central Bank of China. However, analysts at Kitco Metals believe that today's increase in gold prices mainly stems from risk...