⚡️Gold Price portrays corrective bounce at one-week low amid lackluster markets. Hawkish Fed talks, concerns about US economic strength keep Gold sellers hopeful of breaking immediate support.
⚡️Gold Price (XAU/USD) struggles to defend the first daily gains in six at the lowest level in more than a week as market players seek additional clues to defend the previous bearish bias about the bullion. In doing so, the XAU/USD traders reassess the latest United States (US) data and Federal Reserve (Fed) clues amid hopes of witnessing a soft landing in the US despite higher rates. The same joins fears of economic slowdown in other major countries to propel the Greenback and exert downside pressure on the Gold Price
⚡️H4 chart shows the price is working below the EMA, Relative Strength Index is below 50. After the news of the jobless claims last night, the gold market had some volatility, today gold may pull back. support area, then pop up EMA trying to challenge the psychological resistance area, waiting for CPI news next week.
⚡️Where do you think gold will go today? 1950 or 1900
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⚡️Among industrial metals, copper prices fell on Thursday as Chinese trade data pointed to continued economic weakness in the world’s largest copper importer
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⚡️Gold looks to reclaim the 50 DMA at $1,932 as RSI turns bullish
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⚡️Worries about a global recession and worsening US-China relations will benefit the safe-haven metal
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⚡️DXY's recovery pushed gold down the past few days
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⚡️The market becomes more active when the American session begins
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⚡️ Gold fell below 1920
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⚡️Trading stopped at the 1919 price range
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⚡️US yields are set to close a 2% weekly increase. Attention shifts to next week’s US CPI and Retail Sales from the US.
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What do you think about gold this coming week?
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⚡️Inflation, measured by the Consumer Price Index, or CPI, fell from a four-decade high of more than 9% per annum in June 2022 to as low as 3% in June this year
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⚡️The US is facing the risk of second round inflation, leaving the Fed open to raising interest rates, putting further pressure on the exchange rate
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⚡️Hello everyone, do you think gold will return to the psychological price barrier 1900?
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⚡️Do you think after the "shark" SPDR Gold Trust released more than 3 tons of gold, the gold market will be more exciting?
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⚡️Gold price trades around $1,920 a troy ounce during the early trading hours in the Asian session on Monday. The precious metal struggles to hold ground near the previous weekly close, experiencing minor support due to the retreating in the US Dollar (USD).
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⚡️Gold price trades around $1,920 a troy ounce during the early trading hours in the Asian session on Monday. The precious metal struggles to hold ground near the previous weekly close, experiencing minor support due to the retreating in the US Dollar (USD).
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⚡️XAU/USD failed to break above long-term trendline resistance and is currently hovering around the 1925.06 reversal bottom. The RSI indicator shows hesitation among traders without showing any specific trend. Upcoming data releases could fuel the trend with any move to support the USD likely causing gold prices to test resistance once again
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In this morning's trading session, the yellow metal has had a significant increase, can gold break the 1930 barrier?
⚡️Among industrial metals, copper prices fell on Thursday as Chinese trade data pointed to continued economic weakness in the world’s largest copper importer