Upon reviewing the gold chart on a weekly timeframe, we observe that after closing at $2393 last week, the price began a steep decline and even corrected to $2295! After constructing bullish candles for five consecutive weeks, this week we are witnessing the formation of a bearish candle, and it remains to be seen how far this decline will continue. If the price...
Introduction - Bulls are setting up for a double bottom with a "V" reversal. This means the median will hold. This means 2500-ish on or before 05/23. This does not mean a straight line there though, because medium term 2-way vol is set to stay high all the way to June. Details - See previous drafts for how we got here. Warning - If you are new to this...
Hello,Traders! SILVER is trading in a Local downtrend and the Price has formed a bearish Flag pattern so IF we see A bearish breakout then We will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Yesterday's trend was as I predicted. I will continue to share my views today Data released on Thursday showed that the U.S. personal consumption expenditures (PCE) price index increased at an annual rate of 3.4% in the first quarter, while the Federal Reserve's inflation target is 2%. The current high inflation data is a problem and the economy is slowing down...
Traders, Keep a close eye on the Revised UoM Consumer Sentiment release, as any bearish surprises could sway market sentiment, particularly favoring a stronger dollar. Adjust or remove orders accordingly based on the outcome. Here's a breakdown of our analysis: Daily Chart: We maintain a bullish outlook, having responded positively to the bottom of the...
Oil prices have experienced a volatile period in recent months, with concerns about global economic growth and geopolitical tensions battling it out with signs of a tightening physical market. However, for investors with a long-term perspective, recent developments suggest a potential bull run for oil, making it an attractive asset to consider. Here's a deeper...
Gold rebounded to above 2340 in the short term, which looks very strong. However, from the perspective of the entire rebound process, although gold has continued to consolidate the bottom during the rising shock, it has provided solid support for gold's rise. However, judging from the overall rebound strength, gold is currently not enough to form a reversal trend....
Dear Oil Robbers/Traders, This is our master plan to Heist Bullish side of OIL Barrels based on Thief Trading style Analysis. My dear Robbers U can enter at the any point above my entered area, Our target is Dangerous Red Zone its Strong Resistance Zone. My dear Robbers please book some partial money it will manage our risk. Be safe and be careful and Be...
Why would Gold prices go down? Sticky Inflation: Sticky inflation refers to a situation where prices do not adjust quickly to changes in supply and demand or changes in the broader economy. In this context, if inflation remains persistently high despite efforts by the Federal Reserve (the Fed) to control it through interest rate adjustments, it could be...
World gold prices tend to decrease with spot gold down 3.2 USD compared to last week's closing level to 2,340.7 USD/ounce. The world gold market has just had an exciting week when records were continuously "broken". In particular, on Friday, gold prices fluctuated up to 98 USD. This price increase is second only to the price increase in December last year that...
Gold prices in recent sessions have fluctuated up and down continuously and are difficult to predict. One day it dropped deeply, the next day it increased dramatically, making investors dizzy. In an unfavorable economic context, gold prices continue to attract investors as the central bank's purchasing power has not stopped. Officials of the US Federal Reserve...
Gold prices recovered losses but remained near $2,320 early Thursday. Fresh weakness in the US Dollar and US Treasury yields allow Gold buyers to breathe a sigh of relief. Gold prices remain vulnerable amid Middle East escalation, waiting for US Q1 GDP data. Gold prices steadied on Wednesday below the key 21-day simple moving average (SMA), then at $2,318,...
OANDA:XAUUSD ANALYSIS - Now that the risk of a broader conflict in the Middle East has subsided, gold attempts bulls look to a softer dollar to prop up prices - Gold (XAU/USD) attempts to lift off of support at $2320 OANDA:XAUUSD BULLS LOOKS FOR INSPIRATION IN THE DOLLAR AFTER TENSIONS SUBSIDE Implied gold volatility (GVZ) has experienced a notable drop...
During the Asian session on Monday (April 22), spot gold had a gap and opened lower, falling to a low of $2,370/ounce as of press time. Gold is mainly under pressure because tensions around Israel and Iran appear to have cooled, which has eased risk aversion, thus putting pressure on gold prices. On April 19 local time, Israeli Army Radio said Israeli security...
OANDA:XAUUSD have fallen sharply from recent highs due to the impact of reduced geopolitical risks and a stronger US Dollar. Federal Reserve officials, including Chairman Powell, have maintained a hawkish stance on interest rates, which has weighed on gold prices. Sentiment has changed as expectations for a Fed rate cut were revised to a potentially longer than...
OANDA:XAUUSD stabilized after hitting a more than two-week low as concerns about escalating tensions in the Middle East subsided, while investors await key economic data to further clarify the timing of US interest rate cuts. America. Israel stepped up its attacks on the Gaza Strip, its worst shelling in weeks, but fears of a wider conflict eased after Iran...
The US Dollar Index is entering accumulation and recovering after 2 days of decline, making gold priced in US Dollars less attractive thanks to direct correlation. The near-term appeal of the precious metal remains weak as tensions in the Middle East ease and safe-haven demand weakens. The gold market has been less affected by the escalating conflict in the...
US GDP data for the first quarter of 2024 was lower than expected, increasing speculation that the Federal Reserve may reduce borrowing costs. However, inflation has risen sharply over the same period, which will delay the Fed's interest rate cuts. The U.S. Bureau of Economic Analysis reported on Thursday that U.S. gross domestic product (GDP) grew 1.6%...