OANDA:XAUUSD PRICE FORECAST: - Gold Continues its Move Lower as the $1950 Area Comes into Focus. - DXY Could Resume its Move Lower as Key Resistance Level Holds Firm. Gold prices are down due to hawkish comments from Fed policymakers, dampening hopes that the Fed is finished. Market participants were hoping for a different tone from Fed Chair Powell at the...
On the world market, the price of gold reached $1,954. The dollar rose 0.3% after hitting a six-week low in the previous session, making gold more expensive for buyers with other currencies. Besides, after increasing so strongly in a short period of time, the gold market shows signs of quietness. Investors are more cautious, so the market needs to be...
OANDA:XAUUSD OUTLOOK: - Gold and silver prices have retreated in recent weeks, but their outlook remains constructive - If bond yields continue to push lower, precious metals could shine heading into 2024 - This article explores XAUUSD key levels to watch this week Gold prices have fallen in the past few weeks due to the easing of geopolitical tensions in the...
Today's world gold price listed on Kitco is at 1,968 USD/ounce, down 11 USD/ounce compared to early yesterday morning. Precious metal prices continued to decline as the USD in the international market increased sharply. The DXY index, which measures the movement of the USD against a basket of 6 major currencies, increased from 105 points to 105.7 points. The...
Recap The market has seen an extraordinary seven green days in a row, with ES not only recording its largest single green week since the first week of November last year but also forming a clear bull flag. Yesterday was largely a consolidation day, but it continued the green streak, making it an even rarer six in a row. Today, we tested 4368-66 in the morning,...
PRICE FORECAST OANDA:XAUUSD : - Gold consolidates above key support as yields rise and psychological limit gains improve. - DXY is trying to recover from Friday's sell-off. Gold prices are consolidating after another attempt at $2000/oz on Friday. Despite the weaker US dollar, we are seeing a slight recovery in US bond yields and an improvement in risk...
The world gold spot price on the Asian market is around 1,977 USD/ounce, down more than 12 USD/ounce compared to trading at the same time yesterday morning. The price of gold delivered according to the contract also decreased sharply by over 12 USD to 1,984 USD/ounce. The market welcomes more positive economic information. Specifically, the Japanese economy...
Still in a downward trend and entered in that bearish weekly FVG. Looking to possibly add to position. Target is the previous lows or bullish Weekly FVG. Looking for this trade to play out by the end of 2023.
Recap We witnessed an impressive stock market rally, marking the largest green week since the inception of the current bull market in October 2022, and a record not seen since November 2020. Every trading day experienced significant gains, driven by a strategic short squeeze following a preceding sell-off period. The Markets Overnight 🌏 Asia: Up strongly 🌍...
ANALYSIS & OUTLOOK OANDA:XAUUSD - Weaker US labor data and safe-haven demand boosted gold prices. - All eyes are on Fed Chairman Jerome Powell and Michigan consumer sentiment. - XAUUSD may experience some downsides. OANDA:XAUUSD BASIC CONTEXT Gold prices rose on the back of a weaker-than-expected Nonfarm Payrolls report, which showed higher unemployment...
Crude Oil remains under a strong bearish pressure. First, the market violated a solid rising trend line on a daily, Second, a wide horizontal zone of demand. The broken horizontal and vertical structures compose and expanding supply zone now. I will expect a bearish movement from that to 78.6 - the next horizontal support. ❤️Please, support my work with...
Update for WTI Crude Oil. The price nicely respected the underlined supply zone that we spotted earlier. We can see how nicely the price reacted to that yesterday. We may expect a bearish continuation now. Goal - 78.56 ❤️Please, support my work with like, thank you!❤️
The S&P 500 has risen significantly since yesterday and has broken through resistance at 4294. We must now assume that the low of wave in magenta was already established a few days ago, on October 27th. Going forward, we can expect a continuation of the rally that has now begun, which should also continue above the resistance at 4634 in the course of the magenta wave .
Recap In the past week, we saw an impressive rally of 180 points, marking one of the best trades of the year. This was largely due to a textbook failed breakdown bottoming setup triggering on Sunday evening, demonstrating the power of the short squeeze. The rally continued for four days straight, reaching a peak at a major pivot point of 4336. This marked the...
Today's focus: USDX Pattern – Range /Distribution? Support – 105.50 - 106 Resistance – 106.75 - 107.05 Hi, and thanks for checking out today's update. Today, we are looking at the USDX on the daily chart. Today, we have run over the USDX as price continues to trade range-bound after a choppy week and mixed influences. The FOMC failed to boost the USD after...
Recap This week started off with a firm yes rallying 100+ points from Friday’s low to yesterday’s high. The rally was triggered by a reclaim of 4154 on Monday, which put in a failed breakdown bottoming trigger. This led to three large green days in a row. The Markets Overnight 🌏 Asia: Up except Mainland China down slightly 🌍 Europe: Up strongly 🌎 US Index...
Recap This week began with ES breaking the deepest sell cycle of 2023, which saw 8 of the last 9 trading days red before Monday. The market finally capitulated and put in a green day Monday, followed by another green day Tuesday. This was in line with my plan for the week, which was to get long when 4153-47 reclaims. We reclaimed this level on Monday,...
Introduction Things are looking spooky after the constant rise of bond prices, with the 10-year yield hitting 5% this week, the highest level since 2007. We'll go over how these important patterns are playing out all over again. This is without a doubt a very scary time for the stock market, with rumors of a recession from earlier this year. Should we be...