Gold prices and the Nasdaq 100 could be at risk of a larger downward correction following the latest set of consumer price and unemployment claims figures released on Thursday. This means that new all-time highs for the precious metal and the technology index may have to wait a bit longer.
So what is up guys, I haven't had the opportunity to sit down and produce an analysis on gold over the last few days as I have been extremely busy working with students or other businesses that I run, I will admit my attention has been pulled away from the charts in the last few days but I am back and I am here for the day (I hope lol) So looking at the monthly...
The US Consumer Price Index is forecast to rise at an annual pace of 3.2% in December, a tad quicker than the 3.1% increase reported in November. The Core CPI inflation, which excludes volatile food and energy prices, is set to fall to 3.8% in the same period, compared with the previous growth of 4.0%.
In the final days in December gold's strength has started to weaken. Wednesday December 27th 2023 is the last high we saw gold peaking around 2088.41. A massive and consistent downtrend has come right after that with a clear formulated structure with lower-low's and lower-high's. Monday January 08th 2024 is when we saw a pull-back and momentum revitalize it's self...
Gold: $2,025 - After US Inflation, What's Next? Gold's short term prospects might be dependent on upcoming US inflation data for December. XAU/USD currently trades at $2,025, stepping back from an intraday high of $2,042. On Thursday, the US will release the Consumer Price Index for December. The market is expecting a 0.3% monthly increase in Core CPI,...
In relation to my initial analysis for the week, the market fell through at the retest buy retracement and is shorting . Eyes on 2005 though Follow for more helpful analysis 👍.. Boost this idea if you support this analysis 📊
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is rebounding slightly below the mid-$2,000s in the early Asian session on Tuesday. There is a chance that the US Federal Reserve (Fed) will prolong its cautious approach, which could lead to some selling pressure on gold in the short term. However, gold traders will...
Gold Is Going In Buy Here's Some Analysis By Me So Use Proper Tps Target Is 2050 Resistance 2024
Hello Everyone, Welcome to FXMYWORLD. Let's see how this pair will perform based on the analysis. Make sure you do your research and based on your confluence please look for the entry. Don't rush your trades without any confirmation. Thanks in advance for checking my trade idea.
This week's analysis on xau 👍 More insights and breakdowns would be published as the market moves, xau is going short to clear the liquidity before having a buy retracement.
Gold is poised to mark its first weekly decline in a month on Friday, as the U.S. dollar gains support from fading expectations of an early interest rate cut. Investors are eagerly awaiting a key employment report later in the day to glean further insights into the future of interest rates. The dollar index is on track to register its best weekly performance since...
Hello Traders! This is my idea related to GOLD H4. I see a good opportunity for a SHORT TRADE from the OB. As a take profit, I see the price of 2015. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: There is no important US economic news today, mainly based on technical analysis according to the Gold chart ⭐️ Personal comments NOVA: Prices are forming a downward wave pattern in the short term. According to fibonacci, Gold prices need a DOWN adjustment period to continue creating more liquidity...
HELLO TRADERS As i can see today NFP Strong Data is out and US Job are performing well so we are expecting more fall in gold its just an trade idea share your thoughts with us we appreciate ur support and love
Hello traders ,what do you think about GOLD ? In the 1-hour gold chart, we're observing a downward market momentum. The price is currently below the 50 EMA (Exponential Moving Average), reinforcing a bearish market structure. The price has now approached the 38% resistance level, coinciding with a downward trend line and a resistance zone, suggesting potential for...
Just a quick snapshot of a SMALL piece of the previous analysis I did with one addition (yellow tag) Looking at gold as of present I'd be honest I cannot see why anyone would feel safe to buy at this time HOWEVER - I also cannot build a strong enough case for a SELL TRADE either as the momentum isn't that bearish to say that you can quickly enter and make some...
Just like I published earlier, the sell momentum has kick-started and the fall is massive and would even drop more Let's hold the entry and see it fall to the 2020's as we make more profits off the forex market Follow for more helpful analysis 👍....
Daily retracement is concluded and the sell momentum is said to kick-start and fall through to 2020's, a weekly pullback sets in thereafter, and after a new analysis would be published by me Boost this idea, comment and share your ideas Follow me for more helpful analysis 👍...