GOLD recently break the swing high which is (1965.8) because of CPI and now gold is gain bullish previous resistance (1965-1960) is now working as current support and if this support fails we can plan a short trade accordingly and next buy area will be (1948-1942).
Gold price (XAU/USD) has fallen to around $1,940 and it is exposed to more downside amid multiple headwinds. The precious metal loses shine due to no significant escalation in Middle East tensions, hawkish messages from Federal Reserve (Fed) Chair Jerome Powell and his colleagues, and uncertainty ahead of the US Consumer Price Index (CPI) data for October, which...
Gold fell rapidly at the opening of the market today, and some brokers fell as low as 1918. This week, we need to pay attention to the release of major U.S. data, including the October consumer price index (CPI) released on Tuesday, which will further affect the market's expectations of the Fed's movements after 2023. By Wednesday, the market will turn its...
Gold price (XAU/USD) lacks any firm intraday directional bias on Wednesday and seesaws between tepid gains/minor losses, below the $1,970 level through the first half of the European session on Wednesday. The precious metal, however, manages to hold its neck above a two-week low, around the $1,957-1,956 region touched on Tuesday. Traders now seem reluctant and are...
Gold price extends downside marginally below $1,970.00 after several failed attempts of stabilization above the psychological resistance of $2,000. The precious metal is exposed to the 20-day Exponential Moving Average (EMA), which trades around $1,960.00. The broader trend is still bullish as the 200-day EMA is sloping higher. Momentum oscillators demonstrate...
Gold price (XAU/USD) drops further as safe-haven demand diminishes amid no further escalation in geopolitical tensions. A recovery in the US Dollar and long-term bond yields further weigh on the precious metal. The downside move in Gold, however, may be short-lived as investors see an end to the Federal Reserve’s (Fed) rate-tightening campaign, due to gradually...
Gold price enjoyed a good two-way price movement on Wednesday, advancing toward the $2,000 mark ahead of the Fed policy announcements, as the US Dollar stalled its recovery mode amid sluggish US Treasury bond yields and a mixed market mood. However, Gold price changed course and tested the $1,970 round figure, in a knee-jerk reaction to the Fed’s policy inaction,...
Gold continues to trade near the $2,000 level, lacking solid conviction to break higher. The risk remains tilted to the upside as US yields pull back. However, as fundamental factors still favor the US economy over other economies, the Greenback could see its losses limited, which in turn, would keep XAU/USD at risk of sharp corrections. A lot happened Plenty of...
Gold price gains positive traction on Thursday amid sliding US bond yields and a weaker USD. Geopolitical tensions and China’s economic woes also contribute to the intraday positive move. A further rise in equity markets caps any meaningful upside for the safe-haven precious metal. Gold Buy 1987 Tp. 1995 Tp. 2000 Tp. 2005 SL. 1979
The Bureau of Labor Statistics (BLS) is due to release the highly-anticipated Nonfarm Payrolls (NFP) report from the United States (US) on Friday, which could have major ramifications for US Federal Reserve (Fed) policy outlook. The US Dollar (USD) is poised for a big reaction to the labor market data, as NFP data tends to infuse intense volatility across the FX...
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity GOLD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments....
Gold price enjoyed a good two-way price movement on Wednesday, advancing toward the $2,000 mark ahead of the Fed policy announcements, as the US Dollar stalled its recovery mode amid sluggish US Treasury bond yields and a mixed market mood. However, Gold price changed course and tested the $1,970 round figure, in a knee-jerk reaction to the Fed’s policy inaction,...
Gold is still continuing its upward trend. The current price is 1988. I think it will trade sideways between 1980 and 1992 in the European market today. It is also worth paying attention to the news in the US market. I think gold may fall to around 1970. The overall trend is Still bullish, my temporary strategy for you today is: Golden signal: gold: buy1978-1982...
Taking buy scalps based on a strong push to the upside on gold as well as the fact that we are seeing a close on the 5m and 15m timeframes closing above the marked level As price moves up we will be trailing stop loss and taking partial position profits at 10+ pips.
If we can maintain price action here, we can expect gold to push higher after forming this support.
Gold fell back on Tuesday, and the final closing price was around 1971. Since the support below 1955 has been tested, our strategy today is still to be short and long. If the gold price continues to fall back to around 1964, we will continue to go long. It is recommended to light warehouse Golden signal: buy1964-1969 tp1978-1980 sl1959 The channel shares...
OANDA:XAUUSD In light of my latest analysis of the gold market, it is evident that the price has undergone a correction. For those who have invested, it is recommended to exercise patience while awaiting further corrections. In particular, the daily timeframe reveals a shooting star candle, which is confirmed by the subsequent candle. This shooting star candle...
If we can see price maintain above 1966, we have the potential to see gold begin pushing back to the upside towards $2000 and more, especially fundamentally with the Israel - Hammas war.