The surge in risk aversion has driven gold higher, breaking through the resistance level of 1880 and is likely to reach 1900 next. Therefore, trading should continue to be long-focused. Of course, it is not sustainable for gold to keep rising without a correction. There is a higher probability of a pullback near 1900, and attention should be paid to the...
After the California banking regulator closed Silicon Valley Bank (SVB), the price of gold rose 2% on March 10.On March 11, the state regulator also closed Signature Bank, which is headquartered in New York.Due to market concerns about the stability of the banking system, the dollar fell sharply, which pushed gold prices higher in the short term. In addition,...
On the night of the February non-farm payroll report, gold plummeted with a large volume decline, but on the night of the March non-farm payroll report, it saw the opposite, with gold continuing to rise significantly with a large volume increase. Entering March, gold maintained its overall sweeping upward momentum. However, last week, due to news on Tuesday,...
The released nonfarm data was bearish for gold, but the figure significantly decreased compared to the previous value, and the unemployment rate increased, which is bullish for gold. Therefore, gold surged above 1860 after the data was released, breaking the previous high and opening up more room for upward movement. Based on the current momentum, there is a...
Gold skyrocketed to around 1870 after the release of the non-farm payrolls report, and this is the question that most investors are concerned about: will it continue to rise? I believe it will, and it may even reach around 1890-1900. Why do I say this? Let's analyze it from the fundamental and technical perspectives. As we have discussed in previous articles,...
Don't be indifferent to gentleness because of too much busyness, don't hide enjoyment because of too much pursuit, work is not the whole of life, stop in a hurry, please enjoy the blessings of life. have a good weekend Weekly Gold Chart: Holding Key Support, Likely to Move Higher The weekly chart of gold shows that after testing the 2071 level (point X), prices...
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.
gold rise in Friday after the strong news the gold will continue to growth to the upward and gone make new HH in upward
The federal government has announced that Silicon Valley Bank depositors will be able to withdraw 100% of their deposits starting from Monday. The official statement claims that, after joint recommendations from the Federal Savings Insurance Corporation and the Federal Reserve, and reporting to the President, the Treasury Secretary has signed and approved...
Fundamental outlook for gold: The key remains in US economic data, focus on next week's CPI report. Although February's non-farm payroll employment numbers were far higher than expected, rising unemployment rates and slowing wage growth have led to a reduction in the market's expectation for a 50 basis point interest rate hike at the March Fed meeting....
Gold was impacted by non-farm payroll and unemployment rate data, breaking through resistance near 1845 in the short term and surpassing the previous high near 1859, rising to around 1870. Currently, 1845 and 1860 have both turned into support levels from resistance levels, causing the trend of gold to change to an upward trend. Due to the significant...
After breaking through the resistance at 1823, gold rose to 1835, breaking through the resistance level near 1831 during the period. Currently, it is starting to fall. Since breaking through 1823, this level has changed from resistance to support, and the current support range is between 1822-1825. If it does not fall below this level, the short-term trend of...
Gold has been trading sideways for the past few years, and I think we finally have the market conditions for it to *shine*. It was very overextended during the run-up in 2020. Once it broke the 20 w moving average it could never sustainably stay above it. Things were looking really bad when it broke through the 100 week moving average and fell below some pretty...
Life is like a dream, doomed to gain and lose, encounter and parting are all coincidences of happy memories. And that coincidence, in the watery time, is like a summer flower, blooming in our life with its truest and most splendid posture. Sometimes, you feel tired because you think too much. The world is unpredictable, don't be too obsessed when encountering...
The non-farm payroll data in January was unexpectedly weak, largely due to statistical adjustments and labor hoarding causing abnormal data. The addition of over 500,000 jobs to the non-farm sector is unsustainable, and inflation is likely to continue to trend downward in the first half of this year due to base effects. Therefore, I personally believe that the...
Price reacted to the 4H Demand block. I believe it will start rising up. Another confirmation is the HTF Divergence on the Oscillator. Timing is vital
As we approach Friday, it's clear that the impact of the US non-farm payroll data for February is significant. Powell's emphasis on accelerating interest rate hikes during his monetary policy testimony to the Senate on Tuesday resulted in a sharp decline in the price of gold. Powell reiterated his stance on Wednesday, stating that he would focus on economic data...
Gold has shown a double bottom near the 1809 level, suggesting a long position. Continue to go long, no need to say anything else, just enter the market directly. The downside support level is near 1802, so we will be long today with no other strategies. Get ready for a strong rally, as I am already prepared. Trading strategy: Go long on gold at 1809, stop...