Gold hit a new record of $2,430 last week during the New York session. It has seen gains in seven of the past eight weeks, increasing by over 17% since mid-February. This is despite the strength of the US dollar and a hawkish repricing of US interest rate expectations. The usual negative relationship between gold and US real yields has broken down, leaving traders...
OANDA:EURUSD , CHARTS AND ANALYSIS
- ECB edges further towards a June rate cut.
- Will President Lagarde begin signaling further rate cuts?
The ECB maintained its policy levers unchanged, as expected. However, they stated that if their assessment of inflation and monetary policy transmission improves, they may consider reducing current restrictions. This...
International gold prices surged this week due to central banks' gold demand, expected interest rate cuts by the FED and other central banks, and heightened geopolitical tensions in regions like the Middle East and Russia-Ukraine. Rising tensions in the Middle East, especially between Iran and Israel, have increased gold's safe haven status. Central banks,...
FX:XAUUSD is trading exclusively in a bull market. Quick and temporary reactions to the news are quickly exhausted and buyers regain the upper hand on the metal's price.
Yesterday the price made another retest of the support at 2330, which has the status of an intermediate bottom. This area held the price and after that the market returned to its true...
FX:XAUUSD is showing strength as a hedge asset. The price continues to indicate to us that it intends to go even higher. The market is cleaned up after the shakeout and the big player continues to play his game.
(Idea from Apr.16: GOLD → There's no limit to the bulls' activity. Support retest)
Bulls form another intermediate bottom at 2365, building a limit...
World gold prices dropped sharply when the US announced that the March CPI increased stronger than expected, both on a monthly and yearly basis. The US March CPI rose by 0.4% month-on-month and 3.5% year-on-year, surpassing forecasts. The core CPI also increased by 0.4% monthly and 3.8% annually, exceeding expectations.
US real income in March increased by 0.3%,...
Precious metals on the world market quickly lost the threshold of 2,400 USD/ounce after achieving this record yesterday.
Disappointing economic data is adding to solid safe-haven demand in the gold market. June gold futures last traded at $2,421.60 per ounce, up 2% during the session.
According to the report, consumers see inflation in the United States rising...
The gold market heated up last week due to increasing geopolitical tensions. Israel is preparing for a potential attack from Iran, while Iran has vowed to seek revenge on Israel following an attack on their consulate in Damascus. This news is expected to drive safe-haven gold buying over the weekend.
The US Department of Labor's report states that the producer...
Gold is overbought on its 1D technical outlook (RSI = 75.650, MACD = 67.600, ADX = 69.434) and appears to be unphazed by the recent rejection at the top of the Channel Up that pulled back to the 4H MA50. This is basically a consolidation that can be evolved to a similar pattern with March's. It was the 4H MA100 that held it on an uptrend at the time and has been...
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...
![XAUUSD: 🖥 GOLD MARKET ANALYSIS AND COMMENTARY - [April 15 - April 19]](https://s3.tradingview.com/p/pTFkWbNw_mid.png "🖥 GOLD MARKET ANALYSIS AND COMMENTARY - [April 15 - April 19]")
