In the early trading sessions of this week, international gold prices increased from 2,287 USD/oz to 2,341 USD/oz. However, after the FED kept interest rates unchanged and said it would only raise interest rates once this year, gold prices fell to 2,295 USD/oz. However, after the US consumer price index (CPI) in May was announced, it decreased compared to...
Gold dropped to around $2,320 per ounce on Monday, following a more than 1% rise last week, under pressure from higher US Treasury yields, while market participants awaited further cues to gauge the Federal Reserve's monetary policy trajectory. Last week's data indicated that US consumer prices held steady in May for the first time in nearly two years, while...
FX:XAUUSD closed last week in the plus side despite the negative fundamental backdrop, but the focus is on the consolidation that the price is in. Previous patterns indicate that consolidation, amid a bear market, could be followed by buyers liquidation, but there is always a BUT!!!! Relevant, gold is closing in a pat range of 2340-2325. . The market doesn't...
FX:XAUUSD has been facing strong bears since the opening of the session. The price returns under 2325 and forms a consolidation. Earlier there was a retest of a strong resistance area. The market is still bearish For the gold market the area of 2325 plays a key role at the moment. Bulls are not yet ready to overcome this area on the background of strong...
OANDA:XAUUSD fell slightly during the Asian session on June 13, following the US CPI data report and the US Federal Reserve's interest rate decision. The 0.236% Fibonacci level limited the recovery momentum of gold price to keep it in the price channel. Data released by the US Bureau of Labor Statistics on Wednesday showed that the US consumer price index (CPI)...
OANDA:XAUUSD delivered immediately increased for the second consecutive trading day, gold price once reached 2,320 USD/ounce. Today (Wednesday), the market will receive the Federal Reserve's interest rate decision and US CPI data, which is expected to explode the market. The latest big news comes from ceasefire negotiations in the Middle East. An Israeli...
OANDA:XAUUSD maintained a steady recovery before the weekend, but the overall trend remained unclear as US consumer confidence continued to decline and inflation expectations remained high. COMEX gold futures (including electronic trading) closed up 1.31% at $2,348.40/ounce, up 1.01% this week. On Friday, the University of Michigan's preliminary consumer...
The recovery is still cautious in the context that technical charts show that the downward pressure on gold prices in the short term is still strong and investors wait for the results of the US Federal Reserve (Fed) meeting this week... World gold prices recovered during the trading session on Monday (June 10), regaining the key threshold of 2,300 USD/oz, after...
The world gold market traded in a moderate state, the price did not fluctuate strongly because investors waited for information about US inflation as well as the minutes of the meeting discussing monetary policy of the US Federal Reserve ( Fed) is expected to announce today (US time). The next important level that the market needs to watch is 2,300 USD/ounce. If...
Gold prices fell back to $2,300 during the Asian session on Thursday. Gold prices felt the heat from the Fed's hawkish policy and Chairman Powell's comments, which offset weaker US inflation data and further underpinned the US Dollar's recovery. The daily chart of the XAU/USD pair is up for the third consecutive session, albeit a very modest gain. Positive...
Last week, world gold prices increased by 1.9% even though the Dollar Index, which measures the strength of the USD against a basket of six other major currencies, increased by 0.6%. Gold prices rose after statistics showing softening inflation in the US reinforced the possibility of the Federal Reserve (Fed) cutting interest rates in September. After the CPI...
International gold prices rose sharply at the beginning of the week due to expectations of interest rate cuts by the FED. However, prices dropped later in the week due to two factors: the People's Bank of China temporarily stopped buying gold, and the US economy created more jobs than expected, causing speculation that interest rate cuts would be postponed. The...
On the daily chart, gold has lost almost all of its technical points to a bullish structure, instead with a weekly close below the $2,300 base point opening up expectations for more downside with a target level. Short-term target is aimed at the 0.382% Fibonacci retracement level. The relative strength index (RSI) is pointing down but has not yet reached the...
Gold prices pared losses of nearly $2,295 despite a stronger US dollar on Monday in early Asian trading. The yellow metal fell to a one-month low on Friday amid lower bets on a Fed rate cut this year and bearish sentiment fueled by news that China had temporarily Stop buying gold in May. From a technical perspective, Thursday's sustained move beyond the $2,364...
OANDA:XAUUSD recovering to above the price of 2,300 USD as of the time this article was being completed. The previous trading day, gold prices reached their largest decline in 3 and a half years due to data released by China and the United States. Gold prices fell about $83, or 3.5%, last Friday, the biggest one-day drop since November 2020, after a...
FX:XAUUSD is forming the range of 2325 - 2290. In general, the market is bearish and the local bullish distribution that happened since the opening of the session may lead to a false breakdown and further decline Today at 15:00 GMT Fed Monetary Policy Report. I think it is worth paying attention to the Fed comments. As for Gold. All attention to the...
took a nice set up during london as Im trying to get used to trading London as I did back in 2017-2020 Red Folder News at 10 est. Keep that in mind Only targeting 1:1 on this... always 40 ticks risk
FX:XAUUSD rises to 2340 on the back of yesterday's CPI and Powell's comments form a shakeup in the market and the price of the metal drops to 2308, forming a false breakdown of the key liquidity area of 2325. Today the market is expecting PPI (MoM) and Initial Jobless Claims. Producer Price Index is expected to be lower than last period 0.1% instead of 0.4%,...