FX:XAUUSD is holding strong, yesterday's economic news also supported the price. The price of metal forms numerous retests of resistance, as well as forms a pre-breakdown consolidation. The complexity of the situation is that we have a very narrow range and within this range the market maker will gain liquidity by any means, but sometimes there are...
World gold prices increased with spot gold increasing by 10.7 USD to 2,034.9 USD/ounce. Gold futures last traded at 2,045.5 USD/ounce, up 14.5 USD compared to yesterday morning. After a series of stable days, world gold increased on Friday thanks to the weakening of the USD and increased safe-haven buying due to concerns related to developments in the Middle...
Closing the weekend trading session, world gold price stood at 2,035 USD/ounce, a sharp increase of 22 USD/ounce compared to last week's closing session. For the whole week, gold prices increased by 1.4%. The bulk of gold's gains came on Friday as the precious metal was boosted by safe-haven demand and weakness in the greenback. In the context that the US Federal...
With all the excitement this week for the US stock market, and Nvidia in particular, gold has been left on the sidelines waiting for a macro boost. Next week's economic calendar has a host of potential movers with next Wednesday's US Q4 GDP and Thursday's core PCE release the two most likely candidates for a boost. price action. In recent weeks, the Federal...
-This week I've had an overall bullish bias for Gold to head to the PWH after we put in a fractal swing low on the weekly, confluence with wicking below several weekly lows. -Although today's Daily candle close isn't super strong, I'm still leaning towards looking for longs. -Daily candle rejected from the Daily +OB again, and also failed to displace and close...
Gold prices lost ground on Monday following a strong performance last Friday, pressured by rising U.S. Treasury yields - a situation that generally diminishes the appeal of the non-interest-bearing asset relative to fixed-income securities. In this context, XAU/USD finished the session around $2,030, slightly below a confluence resistance zone near $2,035. Many...
Gold has reached the top of the 4H Channel Down pattern, while the 4H MA50 and the 4H MA200 just formed a Golden Cross. Despite that, and as long as the 1D technical outlook isn't bullish (RSI = 54.450, MACD = -0.200, ADX = 28.783) but more importantly the price is inside the Channel Down, the sentiment remains bearish. The 4H RSI is on the same kind of Bearish...
FOREXCOM:XAUUSD does not reach the resistance zone. Another strong seller appears on the market. The market pressure is formed and the price of XAU forms a set-up that predicts further decline to the range support. Today at 13:30 the US GDP will be published. Analysts expect GDP to decrease by 1.6%. But based on the general data there is a possibility that...
FOREXCOM:XAUUSD is forging a local trend after a small correction on Monday. At the moment, as the prices are trading inside the flat, the target is the area of 2044-2048, from which a decline may follow. On D1 we see two key figures, which play an important role at the moment - resistance 2048 and the descending price channel, which characterizes the whole...
hello guys , i think xauusd is bearish the market structure on high time frames is brearish todays candle closed as an inverted hammer tommorow will probably be a red candle add to that the price formed a double top pattern the break out of the trendline + key level will cause a price to make a lower low lower then 1980 . DXY has a massive inverted head and...
Gold (XAUUSD) maintains its Channel Down status since last December and so far has established the 1W MA50 (blue trend-line) as the current Support having been nearly tested 2 weeks ago. The current analysis is on the 1W time-frame, which offers a highly reliable long-term outlook. As you can see Gold has been on a highly symmetrical 4-year Channel Up pattern...
FOREXCOM:XAUUSD is forming a correction and testing strong downward resistance formed from 2150. The chances of a breakout are a little less than a false breakout, which, at this point in time, we are betting on. On the senior timeframe we can clearly see that the price is testing a strong resistance area. There is no clear trend, something similar to a...
FOREXCOM:XAUUSD strengthened last week and closed with +1.2% at 2035.375. Price returns to the flat range that is forming within the uptrend. Let's move a bit away from the local situation and take a look at the global chart. The global uptrend with variable trends indicates a rather huge interest from buyers, which is not subsiding. The pressure on the...
Gold rose for the fourth straight session on Tuesday (+0.50% to $2,027), holding above the $2,025 mark, supported by falling US Treasury yields and a weaker US dollar. The same risk aversion on Wall Street is likely to support the metal's rally. Considering the recent gains, XAU/USD is up over 2% from last week's low near $1,985 after higher-than-expected US...
World gold prices are waiting for salary data and the hearing of the Chairman of the US Federal Reserve (Fed) in early March. At 8:40 a.m. this morning, February 22, Vietnam time, the world gold price stood at 2,027 USD/ounce, a slight increase of 2 USD/ounce compared to the same time last morning. In the short term, world gold prices may move sideways. World...
Market participants are looking forward to the release of core PCE data next week, which is expected to cause volatility in the FX market. Consensus estimates forecast a 0.4% rise in January, bringing the annual rate down to 2.7%. Traders should prepare for a potential surprise similar to last week's CPI and PPI reports. Stiff price pressures in the economy,...
FOREXCOM:XAUUSD , as we expected, is declining. False breakdown of 2031, retest of global resistance and negative fundamental background leads to the price losing 0.9% from the local high. There is little news today, the fundamental backdrop for gold persists, as does the outflow of GOLD-ETFs from the market, which is a generally negative scenario. The dollar...
FOREXCOM:XAUUSD is testing local levels in the correction phase and heading towards descending triangle resistance. There are several strong levels crossing in the area of 2035-2037. What to expect from the price? The price is in the correction phase testing the symmetrical triangle resistance as well as the previously broken ascending support line....