Last week, international gold prices dropped from $1,933 to $1,892, before recovering and closing at $1,919. The continued decrease in gold prices is due to central banks tightening monetary policies. During a recent group discussion, European Central Bank President Christine Lagarde, Bank of England Governor Andrew Bailey, and Federal Reserve Chair Jerome...
The gold price has steadied going into Tuesday’s trading session as markets appear somewhat lacklustre with the US out for a holiday. Treasury yields have held onto the gains seen going into the end of last week with the benchmark 10-year bond trading near 3.85%. The policy-sensitive 2-year note is back above 4.90% as markets await the Fed meeting minutes that...
Gold prices dipped due to the strength of the US dollar, influenced by Jerome Powell's hawkish remarks at a central banking forum. By late afternoon, XAU/USD was down 0.15% at $1,910, nearing its lowest point since March 15. It is expected to end the month with a decline of over 2.5%. During a panel discussion in Sintra, Powell expressed concerns that the bank's...
Gold prices hit a session low due to increased consumer optimism in the US in June. The Conference Board reported that their consumer confidence index rose to 109.7 this month, surpassing expectations of around 103.9. This optimism is at its highest level in 1.5 years, despite ongoing concerns about an economic recession. The gold market experienced selling...
Gold reaches lowest level in 3.5 months in US trading on Wednesday. Traders are focusing on precious metal charts due to lack of fundamental news impacting the market. August gold fell $8.3 to $1,915. Federal Reserve Chairman Jerome Powell stated that raising interest rates in consecutive monetary policy meetings is not off the table, following a lack of action...
Fed Chair Powell's testimony last week did little to convince the market that interest rates could increase further in the future. He stated that it was a "reasonable prediction" that US interest rates would rise as inflation pressures continue to increase. The ongoing battle between an aggressive Fed and a market worried about an impending recession will continue...
Gold prices fell below a key support level on Thursday, indicating that the upward pressure on prices has diminished. This is due to the central bank's hawkish comments and improved risk sentiment, reducing the appeal of the safe-haven metal. XAU/USD dropped below $1,930, including its lowest level in late May, which was highlighted as a risk in the Thursday...
AMC looks to be in a BUY ZONE Wedged and @ support, if it takes off... I have a target price of 110.44-134.33 Even if it breaks down, i think it will get a catipult from breaking bollinger bands
Previously, I projected that price will drop. Let's see if the downsloping mini-pitchfork (shaded green) defines the new trajectory path for the price over the next few day or weeks. For now, this mini-me (pitchfork) seems to be in control. As long as price is trapped by this fella, price will be head towards target 1 which is the median line of the major...
Using the extension of the Lower Median Line Parallel of a Reverse Andrew's Pitchfork to spot the beginning of a trend reversal after a long rally
Disclaimer: thank you for taking your time to look at my idea please understand that I didn't publish it to influence your decision to invest your money and void myself of any responsibility towards your investments. Note: I am simply trying to increase the coverage that the company may or may not have by publishing an optimistic guess I don't know anything about...
Disclaimer: thank you for taking your time to look at my idea please understand that I didn't publish it to influence your decision to invest your money and void myself of any responsibility towards your investments. Note: I am simply trying to increase the coverage that the company may or may not have by publishing an optimistic guess I don't know anything about...
Disclaimer: thank you for taking your time to look at my idea please understand that I didn't publish it to influence your decision to invest your money and void myself of any responsibility towards your investments. Note: I am simply trying to increase the coverage that the company may or may not have by publishing an optimistic guess I don't know anything about...
Disclaimer: thank you for taking your time to look at my idea please understand that I didn't publish it to influence your decision to invest your money and void myself of any responsibility towards your investments. Note: I am simply trying to increase the coverage that the company may or may not have by publishing an optimistic guess I don't know anything about...
Disclaimer: thank you for taking your time to look at my idea please understand that I didn't publish it to influence your decision to invest your money and void myself of any responsibility towards your investments. Note: I am simply trying to increase the coverage that the company may or may not have by publishing an optimistic guess I don't know anything about...
Disclaimer: thank you for taking your time to look at my idea please understand that I didn't publish it to influence your decision to invest your money and void myself of any responsibility towards your investments. Note: I am simply trying to increase the coverage that the company may or may not have by publishing an optimistic guess I don't know anything about...