OANDA:XAUUSD AND ANALYSIS - Gold’s backdrop remains positive and may lead to further gains. - Retail trader positioning is 50/50. Gold reached a new record high last week but ended the week relatively unchanged after a sharp sell-off. The Federal Reserve hinted at a potential rate cut of 75 basis points this year, which initially boosted gold. However, the US...
World gold spot price is around 2,179 USD/ounce, up 7 USD/ounce compared to the transaction at the same time yesterday morning. Yesterday, the financial market received more information about the US economy's mixed developments. Specifically, US CB consumer confidence decreased from 104.8 points in February to 104.7 points in March, much lower than the forecast...
The world gold spot price is around the threshold of nearly 2,191 USD/ounce, a sharp increase of 12 USD/ounce compared to the transaction at the same time yesterday morning. Yesterday, the global financial market received further information that the European economy did not improve much. Specifically, Europe's consumer confidence in March, although as expected,...
Gold prices are mostly flat as investors await key economic data and comments from US Federal Reserve (Fed) officials this week. World gold price stood at 2,172 USD/ounce, down slightly by 1 USD/ounce compared to the same hour yesterday morning. Gold prices are mostly flat as investors await key economic data and comments from US Federal Reserve (Fed) officials...
The world gold spot price is around the threshold of nearly 2,168 USD/ounce, a slight increase of nearly 3 USD/ounce compared to last week's closing session. World gold prices had a good week of increases last week and early this week. Most investors predict that world gold prices will continue to increase in the next week, when the US Federal Reserve (Fed) has...
This week, international gold prices increased quite sharply from 2,145 USD/oz to 2,211 USD/oz, then decreased to 2,157 USD/oz and closed the week at 2,165 USD/oz. The reason why international gold prices increased sharply in the first sessions of the week was because in the recent meeting, the FED said there would be 3 interest rate cuts this year, regardless of...
FX:XAUUSD is testing resistance once again very slowly and gradually, protecting local support zones, below which a huge pool of liquidity is formed. What to expect from the market maker? On the background of growth and retest of the range resistance we see low volumes. The range is narrowing and technically this could indicate a willingness to break...
The war against sound money... keeping a "lid" on the price of the worlds biggest asset and truly the only real collateral in the world. Is being slowly lost. We have a continuation head and shoulders that many people are watching. But something to note Is that the previous times #Gold has traded above 2 thousand dollars The smackdown has been quick and...
Gold (XAUUSD) is on a short-term uptrend on the 1H time-frame as it is supported by a Higher Lows trend-line since Friday's bottom. As long as this trend-line holds, we are bullish, targeting 2220 (marginally below Resistance 1). If the price breaks and closes a 1H candle below the Higher Lows trend-line, we will see and target 2150 (marginally above Support...
It is often said that gold tends to perform well during economic uncertainty and crisis. But is this really so? Let’s examine gold's volatile history before and during recessions in the past 50 years. The 1960s and 1970s were marked by many economic and geopolitical changes, including multiple crises of the British pound, the collapse of the London Gold Pool, the...
FORECAST - OANDA:XAUUSD - The Fed held borrowing costs unchanged and continued to indicate it would deliver three rate cuts this year - The dovish policy outlook weighed on the U.S. dollar and yields, boosting gold prices For context, the FOMC kept borrowing costs at their current levels at its March gathering, reaffirming its intention to implement 75 basis...
Gold price today, March 22, suddenly went down in the context of the USD reversing its price and US stocks rising sharply. After setting a record level of 2,211 USD/ounce in last night's trading session, today's world gold price plummeted 30 USD to 2,181 USD/ounce at 6:00 a.m. on March 22. Gold prices weakened today in the context of the Swiss National Bank...
World gold spot price is around 2,165 USD/ounce, down more than 16 USD/ounce compared to the same time yesterday morning. Gold prices on the international market continue to decline because the USD has not stopped its rise. Specifically, the Dollar-Index - measuring the strength of the greenback compared to 6 major currencies, increased sharply by 0.42% to...
FX:XAUUSD is trading inside the range. The markmet-maker is liquidating sellers relative to the 2180-2200 area, after which it forms a false breakdown of 2195 and returns to the range again. On D1 everything is the same. The market continues to form a sideways range. There are no reasons for the price to leave 2195-2144. After testing the upper part of the...
Compared to the same time yesterday morning, the world gold price has decreased to 28 USD/ounce. The price of the yellow metal fluctuated strongly in the context that investors were still "analyzing" signals from the statement of US Federal Reserve Chairman Jerome Powell to better understand the direction of US monetary policy. US Central Bank. Positive signals...
The strong recovery of the USD on the last trading day of the week put strong pressure on gold. World gold price stood at 2,165 USD/ounce, down sharply by 19 USD/ounce compared to the same hour yesterday morning. The strong recovery of the USD on the last trading day of the week put strong pressure on gold, causing gold prices to decrease by 0.7%. However,...
FX:XAUUSD is trading inside the global range, forming a small flat inside. Consolidation continues and at the moment there is no reason for the price to leave the 2195-2144 channel. On D1 and H4 we see a sideways channel, a range. The market is clearly bullish, but at the moment the price is standing still. On the left side of the chart we see local liquidity...
Gold is consolidating on the 4H timeframe, which is accurately depicted on the neutral technicals (RSI = 52.765, MACD = 2.520, ADX = 28.648). Such sideways price action is best traded on a breakout approach. If the LH is crossesd, we will buy and target the recent High (TP = 2,220). If the HL 1 or 4H MA100 is crossed under (whatever takes place first), we will...