The U.S. dollar index headed for its largest weekly gain since mid-January, making gold more expensive for overseas buyers. “We increase our average gold price forecast for 2024 from $2,095/toz to $2,185/toz, targeting a move to $2,300/toz by year-end,” Goldman Sachs wrote in a note
Hello everyone, On March 15, the gold market saw a surge before the rising US dollar and Treasury yields nudged its price down from the peak. Gold is now around $2163 USD, against a mixed US economic backdrop. Retail sales increased by 0.6% in February 2024, below the 0.8% expected, while the core PPI stayed at 2%. Speculation is that the Fed may be more...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12 " Impulsive Waves RSI - Divergence Consolidation Phase Bearish Channel as an Corrective Pattern in Short Time Frame Break of Structure
World gold prices decreased slightly with spot gold down 12.1 USD to 2,161.4 USD/ounce. Gold futures last traded at 2,166.5 USD/ounce, down 14.3 USD compared to yesterday morning. World yellow metal prices reversed and decreased slightly in the trading session on March 14 (US time) when the market received more inflation data that was not as expected. The latest...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement RSI - Divergence Break of Structure Completed " 1234 " Impulsive Waves
XAUUSD - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. The primary trend remains bullish. We look to buy dips. Previous support located at 2150.56. We look to Buy at 2153.50 (stop at 2141.50) Our profit targets will be 2183.50 and 2189.50 Resistance:...
World gold prices turned to inch up slightly with spot gold increasing by 15 USD to 2,173.5 USD/ounce. Gold futures last traded at 2,179.5 USD/ounce, up 13.4 USD compared to yesterday morning. World yellow metal prices rebounded on Wednesday, supported by a weakening USD as investors remained hopeful the US Federal Reserve (Fed) would cut interest rates in June...
U.S. consumer prices rose sharply in February, indicating that inflation is somewhat sticky. Data showed that the consumer price index (CPI) in February increased by 0.4% from the previous month and 3.2% from the same period last year, higher than the expected 3.1%. This further reduces the possibility of the Federal Reserve cutting interest rates before June....
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Rising Wedge as an Corrective Pattern in Long Time Frame and Rejection from Upper Trend Line RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves Fibonacci Level - 261.80%
Gold broke its downward trendline and surged last week. Yet, today, this precious metal is undergoing a correction after its rapid ascent, with its peak nearing $2200 USD. Currently positioned around $2160 USD, the metal is expected to further decline, not only providing better buying opportunities but also enhancing market liquidity and accumulation potential.
Hello traders, let's dive into the gold market, XAUUSD, today! Gold is presently oscillating around the $2160 mark in the early trading hours of Wednesday. The metal faced a considerable downturn last night as news releases bolstered the US Dollar, thereby curbing XAUUSD's ascent. Chart analysis suggests a modest recovery for gold, finding support at $2153. Yet,...
Gold prices are hovering near record highs, reaching close to $2,200 USD/oz last Friday. The precious metal's momentum is pausing as investors await a pivotal US economic data release. The US Department of Labor is set to unveil the February CPI report on Tuesday (3/12). Economists surveyed by Dow Jones anticipate a 0.4% month-over-month increase in CPI for...
U.S. inflation may have only gradually weakened last month, with retail sales rebounding, which may lead to the Fed not being eager to lower interest rates. The core consumer price index, a measure that excludes food and fuel to better reflect underlying inflation, is expected to rise to 0.3% in February from 0.4% at the start of the year. The Labor Department...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 123 " Impulsive Waves Rejection from Daily Resistance Fibonacci Level - 261.8% Break of Structure RSI - Divergence
PYTH:XAUUSD Hello everyone. Brief analysis: Gold has reached the upper boundary of the channel and met resistance in the 2180-2250 zone. Most likely, we will see a correction to global support in the 2080-2030 zone Too fast movement, no resistance, need to reset...
Hello everyone! What's your take on today's gold prices? As of Monday, gold has been trading steadily, maintaining its position around the $2180 mark up until now. The trend for gold is becoming increasingly unpredictable as its recent surge has cooled, marking a departure from the rapid increases seen in the previous week. Gold's next move is shrouded in...