Gold analysis: The gold short trading signal shared yesterday entered the market around 1959 and successfully made a profit. Gold soared higher and fell back yesterday. The previous corrections have come to an end for the time being, and it is unknown whether the bulls can successfully take over and continue to attack the short-term high of 1963. At present, since...
Gold analysis: Yesterday’s gold suggestion was to do long orders in 1971-68. I gave the opportunity to our airport twice. I opened positions in batches around 1975/1973 and successfully won profits. At present, the trend of gold continues to be high and volatile. It rose to the 1986 position before, and I also made an empty order for the 1985 callback. Gold...
If you haven`t sold GS here: Then analyzing the options chain of GS The Goldman Sachs Group prior to the earnings report this week, I would consider purchasing the 330usd strike price Calls with an expiration date of 2023-7-28, for a premium of approximately $5.55. If these options prove to be profitable prior to the earnings release, I would sell at least half...
We still believe it will fall & hit the target area. The prediction for its fall is technically as well as fundamentally.
We are still on sell opening position from resistance & keeping our prediction in one way by following the retracement levels.
All eyes are now on the Fed and what they will do with rates when policymakers sit down on July 26 to decide on rates. While the Fed's so-called Federal Open Market Committee decided to pass a rate hike last month, economists think they will most likely vote for a 25 basis point increase this time around. consistent with recent rate hikes. BUY GOLD zone 1962 -...
The US financial markets had a half-day of operation on Monday and were closed on Tuesday due to the Independence Day holiday. As a result, there was limited trading activity at the start of the week. However, the price of GOLD managed to increase slightly on Monday thanks to the lower-than-anticipated ISM Manufacturing PMI report for June.
Yesterday, gold directly broke through the previous double top of 1935, which broke the previous standard shock range. Therefore, the trend of trading is a bit unclear, and the long and short positions are a bit difficult to ride. Although it has broken through 1935, there is no unilateral pattern, so it is difficult to be optimistic about a big rise, but it has...
The symmetrical triangle indicates buyers and sellers consolidating price into a tight range. When either the buyers or sellers exhaust, the winning side will push price in one direction violently.
The US Dollar Index (DXY) has remained steady at around 100.50 after a five-day decline. The United States Consumer Price Index (CPI) has softened, reducing concerns about a potential recession. The US Producer Price Index (PPI) data will be closely monitored on Thursday. Regarding interest rate guidance, Commerzbank economists noted that inflationary pressures...
The yellow metal retains support at $1,900 an ounce as a significantly weaker-than-expected nonfarm payrolls report dented the dollar and boosted hopes that the Federal Reserve near the end of the rate hike cycle. However, Fed officials said the bank still needs to raise interest rates in the near term to combat overheating. Markets are broadly pricing in a Fed...
Gold moved closer to the $1,900 average on Friday after a weaker-than-expected US June jobs report suggested the Fed's hawkishness had eased, as its policymakers The central bank sat down to assess the next rate in three weeks. This week, a daily close below the $1910-$1900 range will prolong gold's correction, pushing it towards $1885 -$1866 -$1845. On the...
Gold fell sharply yesterday in a small non-agricultural situation, and today it is a large non-agricultural situation. The decline continues, and the pressure position continues to be short. Gold's current rebound is over, and it will resume its decline! From the perspective of the 4-hour level, this rebound hits the suppression of the long-term moving average...
It is interesting to note that despite the sluggish markets, the negative US data and the Gold buyers not being deterred, the hawkish Fed bets remain unchanged. On Monday, the US ISM Manufacturing PMI for June dropped to its lowest level in three years, staying below the 50.0 level for the seventh consecutive month. It recorded a figure of 46.0, which was lower...
The triple top on the gold weekly chart continues to suppress gold. The daily line is now a positive line, and it is not that kind of big positive line. For the time being, it can only be regarded as a rebound. This wave of gold daily market has gone through five waves of rise, and now it is a big C wave adjustment of ABC adjustment. Is wave C now over? The gold...
Hello traders! ‼️ This is my perspective on XAUUSD. Technical analysis: Here we are in a bearish market structure from 1H timeframe perspective, so I am looking for shorts from premium zone. I expect bearish price action from here as we can see that price filled perfectly the imbalance and rejected from bearish order block. Fundamental analysis: Upcoming week...
It remains to be seen whether the USD bulls can maintain their dominant position or take some profits off the table before the release of the US Core PCE Price Index - the Fed's preferred measure of inflation. Important data is due at the end of the North American session and will impact expectations for future acceleration. This, in turn, will drive demand for...
——Powell's super-"hawk" interest rate hike attitude is shrouded, and the gold 1990 mark is in jeopardy—— At noon in the Asian market on Thursday (June 29), gold shorts approached $1,900, and Federal Reserve Chairman Powell reaffirmed his super-hawkish stance. The analysis pointed out that gold is no longer a good hedging tool against economic difficulties...