World gold prices today (November 21) suddenly increased sharply when inflationary pressures in the US eased and the weak economy began to cool down. Analysts say that the US Federal Reserve (Fed) is not yet ready to change the trend of tightening monetary policy, which is making it impossible for hedge funds to access gold.
Gold prices could reach $2,100/ounce...
Gold is neutral on its 4H technical outlook (RSI = 55.793, MACD = 4.760, ADX = 31.119) as it reached today the bottom HL trendline of the short term Channel Up. So far it is reacting with a bounce and that is a buy signal, aiming at the R1 level (TP = 2,002), as every rise sequence inside the Channel has been around +1.90%.
Today's Low was supported on the 0.5...
MARKET FORECAST AHEAD OF THE WEEK: OANDA:XAUUSD
- US Treasury yields have fallen in the past few days, putting pressure on the US dollar
- Meanwhile, gold prices breached key technical levels on the way higher
- Several high-impact events are expected in the coming days, with a shorter trading week in the US due to the Thanksgiving holiday.
US Treasury...
Last week, the international financial market received a lot of negative employment information and retail sales in the US and UK, causing the USD to continue to decline. Specifically, this morning the Dollar-Index - measuring the strength of the USD in a basket of 6 major currencies - decreased by 0.07% to 103,850 points.
The USD fell so last weekend investors...
Golds recent trading action has been quite sticky around the 200dma, so watch for a potential reverse off this mid 1930's level. An alternative scenario if this level fails is a deeper pullback to retest the channel which broke out.
Gold prices opened the session higher thanks to the decrease in the USD index and US Treasury bond interest rates. This is motivating investors to actively buy gold during the uptrend to make profits. According to statistics, the number of Americans applying for unemployment benefits increased more than expected, which helps the US Federal Reserve's (Fed) fight...
hello traders this is a scenario that i expect for next week for gold keep an eye on fundamentals like fomc coming up.
the yellow zones are my areas of interest they are also actually fibbonacci levels the market seems to be respecting them so i am using them i also identified a minor up trend and a downtrend from when the price reached the 2000s.
if the price...
OANDA:XAUUSD PRICES OUTLOOK
- Gold prices rally and break above technical resistance in the $1,975/$1,980 area
- Bullion’s gains are driven by a steep pullback in Treasury yields following disappointing economic data
- This article examines key XAUUSD’s levels worth watching in the coming trading sessions
Gold prices rose over 1.0% on Thursday due to a...
We've found an interest setup on gold's 1-hour chart. A double bottom has formed just above the weekly pivot point, with a slightly higher low forming a bullish engulfing candle.
Moreover, the cycle low was seen on high volume and strong negative delta (far more sellers than buyers on that 1-hour candle). And this suggests bears could be trapped around that...
Precious metal prices rebounded as US Treasury bond yields fell and inflationary pressures in the US were easing. US CPI remains unchanged in October 2023. US PPI also fell the strongest in three years.
Previously, the Fed decided to keep the basic interest rate unchanged. However, US policymakers left open the possibility of raising interest rates later this...
OANDA:XAUUSD PRICE, ANALYSIS, AND CHARTS
- UK CPI came in at a two-year low for October
- The Core measure also ticked lower
- Gold prices are closing back in on $2000
Gold prices rose in Wednesday's European session as the UK joined developed economies experiencing a decrease in inflation. Official data showed a two-year low of 4.6% in annual headline...
Despite a slight decrease, experts still predict the future of gold prices optimistically.
World gold price stood at 1,958 USD/ounce, down slightly by 5 USD/ounce compared to the same hour yesterday morning.
This morning, the US Dollar Index increased 0.4% and the 10-year US Treasury bond yield recovered, putting downward pressure on gold prices. However,...
The current price of XAUUSD is 1963.8.
We shorted through 1968 and made a short-term profit of 5 points.
At present, short orders continue to be held, and the market is still in a downward trend. Pay attention to the support level below 1958.
Gold (XAUUSD) took advantage of the lower than expected U.S. CPI and rose aggressively back above both the Channel Down and the 4H MA50 (blue trend-line) but not before hitting our Lower Low target within the Channel Down (see chart below):
Even though this rise is more based on fundamentals than technicals, the price is approaching the 0.618 Fibonacci...
US DOLLAR, PRICE FORECAST OANDA:XAUUSD
- The US dollar fell as yields fell following lower-than-expected US inflation data
- Gold prices hit key technical levels in both cases
US Treasury yields fell sharply on Tuesday after weaker-than-expected US consumer price index data reduced the likelihood of further tightening by the central bank and weakened its...
Today's world gold price listed on Kitco is at 1,962 USD/ounce, up 12 USD/ounce compared to early yesterday morning. Precious metal prices continued to increase in the context of the USD falling quite quickly from 105.7 points to 104.8 points at the beginning of the trading session on the US market.
Besides, the US consumer price index remained unchanged in...
OANDA:XAUUSD , NASDAQ 100 FORECAST
- Gold prices and Nasdaq 100 will be very sensitive to the upcoming US inflation report
- The US Bureau of Labor Statistics will release October consumer price index data on Tuesday
- Headline CPI is forecast to increase 0.1% month-on-month and 3.3% year-on-year. Meanwhile, the core index is expected to come in at 0.3% monthly...
Today's world gold price listed on Kitco is at 1,946 USD/ounce, up 7 USD compared to early yesterday morning. Precious metals inched up slightly as investors waited for US inflation data this week to evaluate the interest rate roadmap of the US Federal Reserve (Fed).
If data shows higher-than-expected inflation, gold is likely to fall again as that increases the...
