⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price holds steady around $2,300 in the mid-North American session on Thursday. Factors contributing to this include positive market sentiment, declining US Treasury yields, and a weaker US Dollar. Traders are still processing comments made by Federal Reserve Chairman Jerome Powell on Wednesday, as...
According to the latest data from the World Gold Council (WGC), gold demand in the first quarter (excluding OTC demand) decreased by 5% over the same period to 1,102 tons, due to capital inflows from exchange-traded funds. Gold-backed ETFs continue to flow out. While including the sizable OTC buying activities of investors, total gold demand increased by 3% over...
The trend of gold today is particularly cautious. It has basically been oscillating in a narrow range around the 2300 position and is waiting for guidance from NFP data. As for how to view the NFP market, I have shared my detailed views in my previous article. In general terms, I am still bearish on gold, and I tend to be short on gold in my trading. Judging...
Hi guys, my family and I traveled for two weeks for my father's birthday. I hope everything is going well for everyone in these two weeks! Gold successfully reached our target of 2280 on Friday. This time the profit is very good. At present, from the perspective of the pattern and indicators, there is a need for a rebound, so you can start to go long at a low...
Gold's non-farm positives are significant, but technically, it's still in a bearish trend. Currently breaking through new lows, the bearish trend continues. Our strategy of selling at high levels this week also ended perfectly, with successful profit-taking at multiple TP levels, yielding very good profits. Technically speaking: Gold's 4-hour moving averages...
The 30m chart has formed a head and shoulders, with support near 2363 and rebound resistance near 2383. If it does not break, go short. The 4h indicator on the trend is beneficial to shorts. This week, the focus is on short trading. The short-term target is around 2348-2333, and the final target is around 2304-2280.
After His Correction , Gold is starting to Going Up Again
Dear Gold Robbers, This is our master plan to Heist Bearish side of GOLD mines. kindly please follow the plan i have mentioned in the chart focus on Short entry, Our target is Green Zone that is High risk Dangerous area market is oversold at the level Bull Robbers/Traders gain the strength. If the market break the Dynamic support trend will continue to go down we...
The Fed's interest rate decision will be held on Wednesday. The market expects that the wording may be hawkish. The rise in the US dollar and US Treasury yields has significantly suppressed gold prices; despite strong safe-haven demand and central bank buying, gold prices have risen for the third consecutive month. It rose 2.8% in April to a record high of...
DEPENDING ON WEEKLY AND DAILY TREND LINES ... We can see the price making strong correction UNTIL 2160 AND OUR stop loss. ll BE ON 2390 goooood luck
The intraday trend of gold is not strong, and overall it still remains within the ascending channel. The current channel low support is at the 2325 line and is still rising. At the same time, the moving average continues to maintain the golden cross trend, and then gold falls back. Near the support below, continue to be bullish on the 2329 line in the evening!...
We have continued to be bearish recently and have made good profits. During this period, we have repeatedly emphasized that the rebound is not a reversal, and the decline is not over yet. Today we once again choose to sell at the rebound high. The 4-hour moving average of gold crosses and runs downward, the falling K-line is arranged, and the opening is widened....
Gold's 4-hour moving average continues to cross downwards and the short position is arranged. Gold's recent rebound has all surged higher and then fell back. The bulls have not yet made any efforts to counterattack, and gold continues to be controlled by the bears. Gold has risen rapidly and then fallen back quickly, indicating that the bulls are not very...
Medium-Term Fundamental analysis: Middle East Crisis (Iran and Israel) They run away from every fight (battle, war .. :) , we know this means "Decreasing tensions in the Middle East" Technical analysis: Wave C = 123.6% of Wave A Bulls see it as a sell signal Conclusion: This market needs a correction
Gold prices opened up room for upside after breaking through the key pressure level of 2333 on Friday, but bulls encountered resistance and fell back at the key pressure level of 2352, and finally managed to hold on to the 2332 mark. As expectations of the Federal Reserve's interest rate cut were once again cooled, and geopolitical risks were reduced, gold...
Last week, Gold attempted to extend its decline as the USD gained strength following the release of the United States annual core Personal Consumption Expenditure Price Index (PCE) data for March. This data exceeded expectations, with the annual underlying inflation rate accelerating to 2.7% from the projected 2.6%, albeit slower than the 2.8% recorded in...
Non-agricultural data and unemployment rate data are bullish for gold. Gold rushed directly from the 2300 line to the 2320 line, and then began to fall back. There is also short-term support near 2300 below. However, although the data rebounded and then stepped back, the rebound space and data fermentation in the future market cannot be ruled out. We are waiting...
U.S. Treasury yields fell sharply after Powell's speech, boosting gold prices. His comments were less hawkish than markets had expected, saying more evidence was needed that inflation was falling before he would consider lowering borrowing costs. Market analysts believe that the rebound in the market due to Powell's comments may be too optimistic. Amid the...