Gold continues to strengthen on the trend. This market is attracting more and more investors every day on the background of geopolitical and fundamental factors. I expect the market to continue its upward trend as there are several reasons for this.
1) We are in a strong bullish trend
2) Price is breaking strong support lines today and testing new highs.
2.2...
OANDA:XAUUSD gained +1.1% over the past week. The market is quite strong and the end of the trading week shows a bullish mood and several indications that the growth may continue as the asset has not reached its target yet.
The week ahead is full of important fundamental aspects. On Wednesday, Thursday and Friday important news will be released, here are the...
OANDA:XAUUSD is standing still on Thursday, which we were prepared for. The TVC:DXY opens with a subsequent decline on Friday, which gives bullish hopes for GOLD to strengthen. Let's breakdown:
On the local timeframe, the prolonged consolidation is forming a symmetrical triangle, but as a strong support area is forming below the pattern and the price is...
Today's world gold price increased when the US manufacturing PMI index (an index measuring economic activity) dropped from 50 points to 49.4 points.
This data makes investors believe that the US economy is weakening. Accordingly, they expect the US Federal Reserve (FED) to soon reduce interest rates in 2024 to promote economic growth.
Immediately, the currency...
Gold / XAUUSD delivered earlier this month (chart at the bottom) an excellent sell opportunity that emphatically hit our 1935 target.
This week the price rose back to the October 27th High, which is the obvious Resistance.
As long as the 1day candles close under the Resistance, we will treat them as a Double Top formation, hence a sell opportunity.
On top of...
Gold is in a large ascending triangle on the weekly time frame and also at C&H if it follows these patterns we would have seen gold's biggest historical rally.
🤑Stay awesome my friends.
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OANDA:XAUUSD may be low-volatility on Thursday ( today ) and form a narrow range as it is Thanksgiving Day in the US and in Canada, which I would like to congratulate the people of these two countries!!!
Moving on to gold : The market continues to test the 1984 area. False breakdowns, prolonged trading in this area indicates that buyers and sellers are...
OANDA:XAUUSD ANALYSIS
- Gold expected to underwhelm this Thanksgiving weekend amid thin trading
- XAUUSD reveals an aversion to trading above $2000 as ceasefire tests safe haven appeal
- USD and Treasury yields remain a factor as markets lower expectations of rate cuts next year
OANDA:XAUUSD EXPECTED TO UNDERWHELM THIS THANKSGIVING WEEKEND
Gold prices rose...
World gold prices increased slightly this morning with spot gold increasing by 2.5 USD to 1,992.1 USD/ounce. Gold futures last traded at 1,993.3 USD/ounce, up 0.5 USD compared to yesterday morning.
The USD turned down in the context of US 10-year Treasury bond yields falling to their lowest level in 2 months. The US Dollar Index (DXY) measuring greenback...
OANDA:XAUUSD PRICE FORECAST:
- Gold Rally Loses Steam at the Psychological $2000/oz Level.
- DXY Rally Continues as Treasury Yields Rebound as Well all Working Against the Rally in Gold Prices.
- US Heading into the Thanksgiving Break Means Low Liquidity Tomorrow and Potentially Friday as well.
Gold prices continue to find acceptance above the $2000/oz a step...
OANDA:XAUUSD forms another micro rally on Tuesday. On Wednesday, the price tries to test the high but fails to reach the area amid a strengthening TVC:DXY ahead of the news.
Several important news are published today, I am interested in Initial Jobless Claims - as one of the inflation indicators. Analysts expect a slight improvement in this indicator,...
World gold prices decreased slightly in this morning's trading session. Spot gold fell to 1,989.6 USD/ounce, down 8.1 USD compared to yesterday's trading session. Meanwhile, gold futures decreased by 9.8 USD, to 1,991.8 USD.
Gold is under slight selling pressure after the US labor market unexpectedly improved with a decrease in the number of unemployment benefit...
Despite our expectations for gold to continue slightly lower, it rebounded from around $1,940 to more than $2,000 per troy ounce. While this move is impressive, it is important to note that gold has been rising together with the stock market. As a result, we are again skeptical about its prospects of retaining the current price tag (especially if the stock market...
OANDA:XAUUSD ANALYSIS, PRICES, AND CHARTS
- US dollar weakness may be put on hold ahead of the Thanksgiving Holiday
- The technical set-up for gold looks positive.
The FOMC meeting minutes will provide more insight into the Fed's future plans. Markets believe that interest rates have reached their highest point and will be reduced next year. Chairman Powell...
During the trading session lasting from last night to early November 22, the spot price of gold on the international market experienced a fierce increase, breaking the resistance threshold of 2,000 USD/ounce to reach 2,007 USD/ounce. . Gold price today has cooled somewhat, trading at 1,998 USD/ounce
Gold prices today fluctuate strongly due to the decline in US...
The gold price seems to be recovering at the moment and is gradually making significant gains. We expect it to continue its corrective rise within the magenta wave (b) to the same-colored Target Zone between $2123.60 and $2147.10. An important step on this path will be to overcome the high of the magenta-colored wave alt.(x). As long as the price has not succeeded...
Gold (XAUUSD) is failing to break early into today's E.U. session above Friday's High, and that is so far a Double Top. If it holds, it will be a technical rejection sell signal and based on the similarities with the September 01 peak fractal (+3.65% rise, identical 4H RSI patterns), it can complete a drop even a little under the 0.236 Fibonacci retracement...
