Expectations of a pause have negatively impacted the dollar in recent weeks, while benefiting metals markets, especially gold, as the interest rate outlook weakens. Rising interest rates push up the opportunity cost of holding non-yielding assets, reducing the attractiveness of gold as an investment vehicle. But a more stable exchange rate could spur more inflows...
Gold prices rose in the Asian session on Thursday, hitting their highest in more than two months as weak UK inflation data led many to bet that global interest rates were nearing a peak, while a weaker dollar also helped. The yellow metal is currently about $15 away from $2,000 a wish. GOLD zone 1972 - 1975 Stop Loss : 1980 My taget is: 1968-1955 Note:...
Gold has tested the resistance of 1985 many times, the vertex has appeared, the next only need to go short to make a profit, trading is very simple, keep up with my daily train of thought. Trading plan: Gold sell@1980-1985 TP: 1970-1960 The shark trading team will provide a lot of trading strategies every day to make your trading easier and achieve stable...
This is a 4h chart. We can see that gold has reached 2070 twice in the past period of time, but both fell back quickly. For the first time, it fell to around 1620, where it started an upward trend after a period of shocks. Until recently, it came to 2070 again. After a new high, the shock fell back, and it is now near 2020. From 1620 to 2070, most of the...
Today's gold analysis: Friday's multi-single strategy, after gold fell to the 1950 position, gave an opportunity to enter the market. Finally, take profit and leave the market at the 1959 position. Today we need to pay attention to the support position of the 1940 position, while the above needs to pay attention to the breakout of the 1963 position. This wave of...
Gold futures have fallen nearly 9% since the May high, but there are signs that it is trying to form a base around $1900.Whilst the psychological round number has helped to play a part, it also coincides with a volume cluster in the rally at the beginning of March. We therefore see the potential for a minor bounce at a minimum from current levels whilst prices...
Today, gold is affected by the CPI data, rising rapidly, currently reaching a key resistance level, personal expectation that after the end of the data impact, gold will still fall Trading plan: sell@1955-1960 TP: 1948-1940 The shark trading team will provide a lot of trading strategies every day to make your trading easier and achieve stable income!
Considering the whole movement, we are currently in a corrective wave which contains three waves(ABC waves). Ending diagonal at the last wave of C and it carries 5 subwaves but we currently at the 4th wave. A breakout of the red trendline will signify more sells to to complete the 5th wave filling the defined gap clearly seen on D1 timeframe.
Gold fell below $1900 last week and began to rise on support, returning to around 1920, but the downtrend has not changed, and there are still short opportunities next week. Gold Trading Plan: Gold sell@1925-1930 TP: 1915-1910 The shark trading team will provide a lot of trading strategies every day and provide a lot of management services to make your trading...
The decline in gold remains, 1930 short! The current short-term gold has gained support and rebounded, but has the decline changed? not at all! It can be seen from the hourly chart that even though the market took a strong backlash on Friday, the final rebound did not break through the suppression of the long-term moving average, and it was still a bearish...
If gold rebounds first within the day and sees around 45, it can be shorted, and the target below is around 25-15 Gold started to fall in the early days of the U.S. market yesterday, and the price of gold directly returned to the previous low of around 30. This position will continue to test the short-term support effect of the bulls However, from the current...
Gold's rapid rise once again presents a short selling opportunity Gold trading signals: Gold sell@1950-1955 TP: 1940-1930 The shark trading team will provide a lot of trading strategies every day and provide a lot of management services to make your trading easier and achieve stable income!
On the hourly chart, the price of gold may fall below $1,951 in the short term, and is expected to further drop to $1,941, which are the 38.2% Fibonacci retracement and 61.8% Fibonacci retracement of the upward range from $1,925 to $1,968 stalls. The international gold price fell slightly under the pressure of the rebound of the US dollar, and the short-term view...
The market CPI is bullish tonight. It did not continue to rise and break through, but fell back to the low point of yesterday. In fact, it is still in the shock range of 1970-1940. Can we continue to try more today? I think it's worth giving it a try. So I think: Bold investors 1952-1950 light positions and long positions Steady investors participated in the long...
We have always emphasized that gold was short in 1970, and all trading plans were profitable, but there were still many losses in their own trading longs, and there will be a long plan to help you recover the loss of your account. Trading plan: Gold buy@1930-1935 TP: 1945-1950 The shark trading team will provide a lot of trading strategies every day and...
Recently, central banks have been instrumental in supporting the value of gold. Their interest in purchasing precious metals has reached new heights, playing a major role in stabilizing gold prices. Despite this, the US Federal Reserve continues to hold a significant position in the gold market, and many anticipate an increase in gold prices once the current...
The expected targets based on the volume indicator are shown on the chart Anyway, we expect a downward movement in the gold chart and the expected target with high confidence is around 1830.
Gold prices look set to finish the week higher and yet the move can be described as anything but convincing. The precious metal fluctuated between the $1940-$1970 handles for the majority of the week as continued repricing of rate hike probabilities for the US Federal Reserve weighed on Golds attempted recovery. OANDA:XAUUSD