Gold is expected to rebound from Friday's downward trend and continue its bull run, possibly reaching $2600 per ounce when the New York session opens on Monday. Investors may seek to withdraw funds from the market, but potential reversals could offer opportunities to collect more liquidity. Tensions in the Middle East, particularly between Iran and Israel, could impact all markets, including gold. However, if there's no significant effect from the conflict, markets may continue their bearish trend, with the next target around $2255 per ounce.
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News Type : Empire State Manufacturing Index Currency : USD🇺🇸 Time : 15:30 Effects : ⭐ Previously : -20.9 Forecast : -5.2 ———————————————
Moscow Time Zone
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NEWS RESULTS
USD🇺🇸 Empire State Manufacturing Index
Previous: -20.9 Expect: -5.2
Current: -14.3
Result: Negative for USD🇺🇸
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🔸Gold prices rose with the rise of the dollar and Treasury bond yields after a higher-than-expected increase in US retail sales in March, which raised fears that the US Federal Reserve will postpone cutting interest rates this year.
Stay tuned for further updates as we track the GOLD ( XAUUSD ) progress towards our buy target!
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🟢Gold prices rose to approach the record high level recorded last week
- The rise was supported by concerns about escalating geopolitical tensions between Iran and Israel
- Gold in spot transactions rose 0.2% to $2,387.11 per ounce, and US gold futures contracts increased 0.9% to $2,403.90.
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Gold is rising today despite Powell's tough statements, so why?
Gold prices rose during Wednesday's trading, after bullion had closed yesterday's session with little change, but prices were able to recover today despite the tough statements of the Governor of the US Federal Reserve and some bank officials yesterday.
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Exciting news for our trading view followers! Our gold analysis has been right on target, with the price reaching the $2420 resistance level before retracing back to retest the $2373 level. Now, it's showing signs of strength as it bounces back and touches $2401.
What's even more promising is the potential for gold to revisit the same resistance level. If this scenario unfolds, our next confirmed target could be $2440. This presents a fantastic opportunity for traders to capitalize on potential bullish momentum in the gold market.
Stay tuned for further updates as we navigate these exciting developments together. Happy trading!
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Gold falls and loses $65 in one session...and the dollar awaits an important announcement
The dollar index stood at 106.03 against a basket of foreign currencies, largely unchanged in quiet trading on Monday, after tensions in the Middle East subsided and ahead of the release of the Federal Reserve's preferred measure of inflation later in the week.
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Exciting news for our trading view followers! Our gold analysis has been right on target, with the price hitting the $2331.50 support level before bouncing back to retest the $2343 level. Now, it's indicating a sell target of 2326, potentially paving the way for a further decline towards 2304.
With this momentum in mind, our next confirmed target stands at $2255. This presents a compelling opportunity for traders to capitalize on potential bearish movement in the gold market.
Stay tuned for further updates as we navigate these dynamic market movements together. Happy trading!
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Our gold analysis has been right on target, with the price touching the $2295 support level and bouncing back to retest $2314. Currently, it's indicating a sell target of $2309, potentially signaling a move towards $2300.
In light of these developments, our confirmed next target stands at $2255. This presents a fantastic opportunity for traders to capitalize on potential bearish movement in the gold market.
Stay tuned for further updates as we navigate these market movements together. Happy trading! 📉💰
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It's an intriguing time for gold as it continues to follow a familiar pattern, but with added intrigue from developments in the Middle East. The geopolitical tensions often serve as a significant driver for gold prices, as investors seek safe-haven assets during periods of uncertainty. However, despite these geopolitical concerns, metals are experiencing weakness this week, largely due to decreased interest from investors.
The subdued interest in metals could be attributed to various factors, including shifting market sentiments, economic indicators, or even technical factors influencing trading decisions. This could lead to a temporary lull in gold's upward momentum, as market participants reassess their positions and await clearer signals.
Nevertheless, the situation remains fluid, and the impact of geopolitical events on gold cannot be underestimated. As tensions escalate or subside in the Middle East, we may see renewed interest in gold as a hedge against geopolitical risks.
In the meantime, staying vigilant and adaptable in response to evolving market conditions is essential for navigating the complexities of the gold market. Let's keep a close eye on developments and be prepared to adjust our strategies accordingly.
Trade active
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🔴Gold prices fell on Thursday, as investors took profits after a continuous rise in the yellow metal, and with pressure from investment institutions that sought to raise liquidity, while the focus shifted to data on the US economy to discover indications of the path that the Federal Reserve will follow regarding interest rates.
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THE DOLLAR DROPS GOLD AHEAD OF THE US INTEREST RATE DECISION...AND ALL EYES ARE ON POWELL!
Gold prices are heading for a third consecutive monthly gain, even as bullion prices fell on Tuesday, coinciding with a rise in the dollar ahead of the Federal Reserve’s monetary policy meeting that begins later today.
The dollar index rose, making the yellow metal priced in the US currency less attractive to foreign buyers. Investors are awaiting the Federal Reserve meeting this week, and are also closely following data on the labor market in the United States, to assess the prospects for monetary policy in the country
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Gold is rebounding from its lowest levels in nearly a month ahead of the Fed's decision
Gold prices witnessed a clear recovery during trading on Wednesday, as the yellow metal rebounded from its lowest levels in nearly a month, which gold contracts had fallen to early in the session, as gold put an end to its losses as investors awaited the release of the US monetary policy decision after the end of the session. Federal Reserve meeting this evening.
Urgent: Gold rose insanely by more than 2% above $2,430 after frightening data
The gold market maintains strong gains above the $2,400 level, trading near session highs as consumer sentiment declines sharply and inflation expectations rise in April.
On Friday, the University of Michigan said its preliminary index of consumer sentiment fell to 77.9, down from an upwardly revised March reading of 79.4. The data came in significantly different than expected as economists were looking for sentiment to remain relatively stable at 79.
Disappointing economic data contributes to increasing demand for gold as a safe haven in the gold market. June gold futures were trading at $2,421.60 an ounce, up 2% on the day.
The University of Michigan dismissed the decline in sentiment, noting that it had been fairly stable for four straight months, “as consumers saw few meaningful developments in the economy.”
“Since January, sentiment has remained remarkably consistent within a very narrow 2.5-point range for the index, well below the five points needed for a statistically significant difference in readings,” said Joan Hsu, director of consumer surveys. “However, the slight rise in inflation expectations in April reflects some frustration that the slowdown in inflation may have stalled. Overall, consumers are reticent to judge the economy in light of the upcoming election, which in the view of many consumers could have a significant impact on The course of the economy.
MrCharlie1
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It's an intriguing time for gold as it continues to follow a familiar pattern, but with added intrigue from developments in the Middle East. The geopolitical tensions often serve as a significant driver for gold prices, as investors seek safe-haven assets during periods of uncertainty. However, despite these geopolitical concerns, metals are experiencing weakness this week, largely due to decreased interest from investors.
The subdued interest in metals could be attributed to various factors, including shifting market sentiments, economic indicators, or even technical factors influencing trading decisions. This could lead to a temporary lull in gold's upward momentum, as market participants reassess their positions and await clearer signals.
Nevertheless, the situation remains fluid, and the impact of geopolitical events on gold cannot be underestimated. As tensions escalate or subside in the Middle East, we may see renewed interest in gold as a hedge against geopolitical risks.
In the meantime, staying vigilant and adaptable in response to evolving market conditions is essential for navigating the complexities of the gold market. Let's keep a close eye on developments and be prepared to adjust our strategies accordingly.
MrCharlie1
⋅
The price of gold fell as Middle East tensions calmed following the exchange of strikes
The price of gold declined with the calm of geopolitical tensions in the Middle East, which led to a reduction in demand for the precious metal as a safe haven, and traders are looking forward to the US data expected to be published, which will shed light on monetary policy expectations.
MrCharlie1
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A famous American investor warns of economic disaster: Protect your money by purchasing this asset!
The famous American billionaire and investor, Ray Dalio, stuck to his investments in gold, considering it a safe haven against the risks resulting from high inflation and a potential debt crisis that may hit the economy.
The billionaire investor and former CEO of Bridgewater Associates pointed to increasing debt around the world, with American debt reaching $34 trillion for the first time ever this year.
MrCharlie1
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🟢Gold prices rose to approach the record high level recorded last week
- The rise was supported by concerns about escalating geopolitical tensions between Iran and Israel
- Gold in spot transactions rose 0.2% to $2,387.11 per ounce, and US gold futures contracts increased 0.9% to $2,403.90.
MrCharlie1
⋅
🔸Gold prices rose with the rise of the dollar and Treasury bond yields after a higher-than-expected increase in US retail sales in March, which raised fears that the US Federal Reserve will postpone cutting interest rates this year.
Stay tuned for further updates as we track the GOLD ( XAUUSD ) progress towards our buy target!
MrCharlie1
⋅
🔴Gold prices fell on Thursday, as investors took profits after a continuous rise in the yellow metal, and with pressure from investment institutions that sought to raise liquidity, while the focus shifted to data on the US economy to discover indications of the path that the Federal Reserve will follow regarding interest rates.
MrCharlie1
⋅
Gold is rising today despite Powell's tough statements, so why?
Gold prices rose during Wednesday's trading, after bullion had closed yesterday's session with little change, but prices were able to recover today despite the tough statements of the Governor of the US Federal Reserve and some bank officials yesterday.
The gold market maintains strong gains above the $2,400 level, trading near session highs as consumer sentiment declines sharply and inflation expectations rise in April.
On Friday, the University of Michigan said its preliminary index of consumer sentiment fell to 77.9, down from an upwardly revised March reading of 79.4. The data came in significantly different than expected as economists were looking for sentiment to remain relatively stable at 79.
Disappointing economic data contributes to increasing demand for gold as a safe haven in the gold market. June gold futures were trading at $2,421.60 an ounce, up 2% on the day.
The University of Michigan dismissed the decline in sentiment, noting that it had been fairly stable for four straight months, “as consumers saw few meaningful developments in the economy.”
“Since January, sentiment has remained remarkably consistent within a very narrow 2.5-point range for the index, well below the five points needed for a statistically significant difference in readings,” said Joan Hsu, director of consumer surveys. “However, the slight rise in inflation expectations in April reflects some frustration that the slowdown in inflation may have stalled. Overall, consumers are reticent to judge the economy in light of the upcoming election, which in the view of many consumers could have a significant impact on The course of the economy.