Gold saw a pullback of nearly $100 from a high of $2,431, followed by a slight rebound, dragging the price to $2,370 per troy ounce. This increasing volatility begs the question of the market’s state. To address this, we would like to note that the rising volume has been accompanying the increasing price, which is positive (and, indeed, quite impressive,...
After the US announced March inflation data, OANDA:XAUUSD is on the defensive. The data showed an increase in both monthly and yearly readings and could weaken the Fed's intention to ease policy. The data provided some resistance to the precious metal after its recent run of heat.
The US consumer price index (CPI) increased 0.4% monthly and 3.5% annually,...
US producer price data had little impact on expectations of a US interest rate cut this year, the European Central Bank kept interest rates unchanged, and continued geopolitical concerns also increased appeal. Leading the way in OANDA:XAUUSD , gold became strong and hit another all-time record.
US PPI rose 0.2% month-on-month and 2.1% year-on-year in March,...
FX:XAUUSD reaches the 2400 mark on Friday before facing a profit-taking. There is a possibility that traders closed positions before the strong news that occurred from Saturday to Sunday.
There is no correlation with the dollar now, which makes it easier for technical analysis. In fact, we have a strong bullish trend and strong support in the form of the...
There is no doubt that Gold (XAUUSD) has entered a new Bull Cycle after last month's bullish break-out. Last week though it closed its 1W candle almost on a Doji which can potentially be a trend reversal, at least on the short-term.
As you can see on this 1W chart, which displays the similarities between the previous Cycle and the current, such 1W candles have...
FX:XAUUSD updates another high to 2431.4 and then begins to shed heavily amid profit taking by traders. The weekend also proved to be fundamentally important for the markets, which may react strongly.
Most of the nearly $100 drop is due to profit taking by traders as the price reaches psychological levels, but the drop to 2300-2350 allows to find new buyers at...
World gold prices plummeted despite the rising USD index. Recorded at 9am, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 104,075 points (up 0.01%).
This precious metal is predicted to reach 3,000 USD/ounce - an increase of 30%. Gold prices increased at a time when the USD strengthened and inflation expectations...
World gold prices hit a record on April 9, thanks to buying activities and geopolitical risks, while attention was directed to the meeting minutes of the US Federal Reserve (Fed) and inflation data of this country.
Minutes of the Fed meeting and data on the consumer price index will be published on April 10.
Gold is considered a safe haven from inflation and...
OANDA:XAUUSD continued to set new records yesterday, driven by buying momentum and geopolitical risks, while markets focused on the Federal Reserve's policy meeting minutes and U.S. inflation data. America to seek direction on the US interest rate cut timetable.
Federal Reserve policy meeting minutes and US consumer price index (CPI) data will be released on...
This week, international gold prices continued to increase sharply, from 2,228 USD/oz to 2,330 USD/oz and closed the week at 2,329 USD/oz.
There are currently 3 main factors that are causing gold prices to increase sharply beyond expectations. There is the need to buy gold by central banks, the upcoming interest rate cuts by the FED and other central banks around...
OANDA:XAUUSD has corrected from all-time highs but still maintains a bullish trend. Gold prices are expected to reach additional record highs in the near future.
Tensions in the Middle East pushed gold prices up sharply. Hamas official Ali Baraka said Hamas had rejected Israel's latest ceasefire proposal.
Israeli Prime Minister Benjamin Netanyahu issued a video...
The gold price has now reached the levels at which we expect the high of the orange-colored wave c and thus of the turquoise-colored wave B. We anticipate that the price will turn around and then sell off sharply. After all, we consider the current rise to be merely corrective in nature.
FX:XAUUSD reaches our goal of 2400. The psychological level is tested, but 2400 does not mean expensive. The growth may continue as the potential and interest is still huge.
From 2400 a correction to the nearest area of liquidity can be formed. The market needs to rest and accumulate a bit before breaking through 2400 to continue further upside as...
I still am bearish on Gold for next few weeks.
Confirmations:
- Rising Wedge
- Bearish divergence
Entry - 4hr candle close below 2334
TP Range - 2270 - 2260
SL - 2351.2
FX:XAUUSD is still holding very strong even amid strong news. The range of 2365 - 2328 is being formed. Buyers and sellers are fighting for the lower level.
Today the market is waiting for PMI and Initial Jobless Claims. Yesterday we got a high CPI of 0.4% instead of 0.3% and an inflation rate of 3.5%, which is a generally unsatisfactory scenario for the...
Shortly after the futures market opened, gold reached our long-time-awaited price target of $2,300 and established a new all-time high at $2,305 before retreating slightly lower. We continue to be bullish on gold in the long term and believe it can reach significantly higher price tags ($2,500 and higher) due to future rate cuts, sticky inflation, and a weak U.S....
![XAUUSD: 🖥 GOLD MARKET ANALYSIS AND COMMENTARY - [April 08 - April 12]](https://s3.tradingview.com/2/2082iiIU_mid.png "🖥 GOLD MARKET ANALYSIS AND COMMENTARY - [April 08 - April 12]")
