Last night, the price of gold broke through a new high again, reaching the 2287 line. As expected last night. Then it continued to fluctuate until the European market opened because prices were on the higher side. Gold made a technical repair after the start of the European session. The price of gold plummeted by about $20 from 2287. The current price is...
The price of gold is too high for the market price. A pullback is needed to get the market moving higher again. And I was the one who sold gold at high levels. 2158-2163 sell gold tp2243-2248 sl2270 I will continue to update if there are opportunities to continue buying in the future. Stay concerned.
Gold can face the resistance of the ascending channel at the current price and it will be pushed back. Therefore, the best offer can be to enter short position at the upper Dynamic Resistance after the collision and confirmation of the candle.
Gold market analysis Two trading days gold 2038 directly rose to 2119, this is not a normal regular market, such a unilateral rise in the no top signal before we do not guess what the top in the top, 2119 cycle is not the top, but the short term early step back on the 1 hour chart has shown that it is a small top of the horizon, today's big trend bullish, Short...
Yesterday we tip 1981 Buy near! 2003 Profit The exit captured a profit of $22 Although missed part of the profit! But who is sure to capture all the profits? As long as the market exists, our profits can be continuous! Yesterday, gold was affected by the Federal Reserve's interest rate cut expectations next year, the daily sun pulled up, and the short-term trend...
This week holds significant importance for the Gold market as the FED's hawkish policy may exert downward pressure, given the recent drop in gold prices. Last week, gold reached a historic high of approximately $2,150 but subsequently tested the critical support level at $2,000 following the release of non-farm data. The Gold market's volatility has surpassed...
Gold prices retraced after testing the resistance level at 1960, further validating earlier signals of a potential reversal. Today, several exchanges observed dips below the 1920 region. Upon inspection, I noticed that the FTMO fund also experienced this dip, but it wasn't reflected in the charts from Forex.com and OANDA. Despite acknowledging this anomaly, we...
While the price of D1 gold saw an increase yesterday, putting an end to its three-day losing streak, the resulting price bar displayed an upward trend with a limited range. It closed with a 1/2 upper shadow, indicating that the buying force in the lower range remains relatively weak compared to the downward pressure from above. The daily structure of gold on D1...
The positive sentiment in the stock market is a significant obstacle for gold prices. Conversely, declining US Treasury yields, a weakening US dollar, and the expectation that the Federal Reserve will not raise interest rates further could support an increase in gold prices. Furthermore, the ongoing conflict between Israel and Hamas and global economic conditions...
Gold saw an increase in value yesterday, but it formed a Spinning Top candlestick pattern. This pattern, known as a Spinning Top, indicates a balance between supply and demand throughout the trading day. The D1 candle closed above the upper boundary, possibly signaling an overbought situation, which could lead to a potential downward correction. Additionally,...
💡Gold is narrowing its range. Recently some news shows the strength of the USD is returning but the news of the recent war is still supporting gold 💡Currently, the battle between buyers and sellers is extremely fierce. Sideway gold was in a wide price range from 1965 - 1975. But the sellers seemed to be more dominant when gold turned around twice but...
💡 Stronger-than-expected UK inflation data raises the risk that the Bank of England may need to raise interest rates again or that interest rates may remain high for longer, followed by a rise in UK government bond yields . The CPI data will only put more pressure on the BOE's Monetary Policy Committee in deciding whether to continue to put pressure on interest...
🔷 From last night into early morning this morning, the U.S. economy reported positive new jobless claims, but manufacturing indexes and business conditions worsened. Specifically, the number of new U.S. unemployment insurance claims last week was 199,000, lower than the previous week's 211,000 and also lower than expected by 212,000. The average number of...
💡 Following recent dovish comments from some US politicians, investors are now awaiting Thursday's speech from Federal Reserve Chairman Jerome Powell for further guidance on interest rate trends. According to the CME Fed Watch tool, the market has priced in a 90% chance that the Fed will leave interest rates unchanged at next month's policy meeting. That number...
📚 Safe-haven demand will push gold higher in the short term. Tight enough monetary policy and rising energy prices could easily kill the global economic outlook, the need for safe-haven assets becomes clearer. High inflation and a fairly solid economy could suggest the Federal Reserve will continue to raise interest rates, but eventually the economy looks set to...
🔔UK inflation, although improving, remains high compared to other developed economies. The BoE will look at next week's unemployment data and average earnings figures after the jobs market reported positive figures and wages data recently crossed the 8% mark (a concern for the bank ).
💡The H1 AUDUSD chart structure is bearish as the price creates a new low. The rebound to retest the recent peak of AUDUSD could be an opportunity to sell, following the downtrend of H1 and the downward pressure of D1. If AUDUSD H1 breaks above, the AUDUSD H1 structure will turn bullish, then you can wait to buy again.
Active consumers in the euro zone will save the economy from a hard landing. Although sluggish manufacturing, weak exports, high financing costs and geopolitical instability are holding back economic growth, spending is still rising as people benefit from a strong labor market. . The European Central Bank predicts the economies of euro zone countries will continue...