Gold rose to a high of 1997 last week, but fell at the beginning of this week, with a low of 1964 As can be seen from the chart, gold was seriously overbought last Friday, and the Palestinian-Israeli conflict did not escalate significantly over the weekend, so gold fell to the upper edge of VWAP and technical indicators were adjusted. In terms of time cycle,...
Gold had its second consecutive day of price decline after the news Employment Cost Index q/q and CB Consumer Confidence were announced. The H1 gold price push down has broken through the accumulation price range above to go down, but has not created a new low price bottom and broken the latest bottom, so it has not created a downtrend. With the current downward...
Gold prices rose rapidly in the short term on Thursday. Although the U.S. 10-year Treasury bond yield climbed 13 basis points to 4.95% on Wednesday and the U.S. dollar index rose 0.24% to 106.79, the gold price seemed unaffected by the recent strength of the U.S. dollar. Hitting a one-week high above 1985. According to the description of gold's K-line chart...
Yesterday, the price of gold rose to an intraday high of 1993.52 during the European trading session, but then fell back, finally closing up 0.26% at 1984.74. From a fundamental perspective, the trend of spot gold prices is affected by multiple factors. On the one hand, global economic instability, geopolitical tensions and uncertainty in financial markets will...
Gold price falls nominally from five-month high of $2,009 as investors remain concerned about the interest rate guidance from the Fed, which will be delivered on Wednesday. The precious metal stabilizes above the crucial resistance of around $1,990, which is now acting as a major support for the Gold bulls. The broader Gold demand outlook turns bullish as the...
❤️ Hello all traders. Hope you have a nice weekend. Here is some gold information next week ➡️ The ongoing surge in gold prices is likely to persist, given the persistent tensions in the Middle East. Commodity strategist Daniel Ghali from TD Securities Company has pointed out that the potential for increased gold acquisitions remains high if the Middle East...
Gold rebounded near the four-hour lower track support yesterday. It once touched the $1977 line during the session, then retreated to $1970, and finally closed with a cross line. From a disk perspective, the daily chart shows a double cross pattern, indicating that the market is repeatedly reaching tops, but the bullish power has not completely subsided. Last...
It's Friday again, and a very heavy data will be released today-the core PCE of the United States in September. Last week, Powell revealed that the annual rate is 3.7%, so we see that the market's expectation is also 3.7%. It shouldn't be surprising, but the monthly rate and one-year inflation expectations are still worth paying attention to. In addition, there...
With Israel's announcement of a temporary moratorium on entering Gaza, the situation between Palestine and Israel has cooled, but the Israeli prime minister said that he is actively preparing for a ground offensive, and the time will be agreed with the cabinet.The current Israeli-Palestinian conflict has killed more than 8,000 people on both sides. At present,...
Commodities and Bitcoin experienced significant increases in value around October 7, which is the date that the Israel-Hamas War started. Commodities and Bitcoin experienced significant increases in value around October 7, which is the date that the Israel-Hamas War started. GOLD had a bullish bounce off the light blue trend line at $1,808 on Friday October 6...
For gold, I have two possible scenarios that could play out this week. As we've seen a huge impulsive move to the upside recently, we are now expecting price to drop in order to fill in the imbalances and take out the liquidity that was left below. Currently, it's in a very good daily supply zone that caused a CHOCH to the downside on (may 23rd.) Hence why I am...
Hello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze...
Recent spot gold trend is strong, the situation in the Middle East brought about by the risk aversion to the gold price constitutes obvious support, gold bulls stood on Friday 2000 US dollars, once on the 2008 US dollars. On the evening of the 28th, Israel again bombed a house in Gaza. On the 27th, the United Nations adopted a draft resolution on the...
GOLD and War New forecast Gold prices stabilized on Friday, supported by continued demand for safe havens fueled by tensions in the Middle East, while investors awaited the Federal Reserve's monetary policy meeting scheduled for next week. Israeli forces carried out their largest ground attack in Gaza during their 20-day war on Hamas during the night. The...
OANDA:XAUUSD for the week, I expect price to be bullish to about 2048, so for everyday of the week, I look to go long. My idea
MY analysis on GOLDUSD this could take a year or so to actualize. However, this is what I see price doing anytime soon.
🟢Gold saw its second consecutive day of gains today, following yesterday's positive performance. On the daily chart (D1), the price exhibited significant upward momentum, with a wide trading range, but it closed approximately halfway between the high and low, forming a spinning top candlestick pattern. This pattern, known as a Spinning Top, typically indicates a...
Last week ⚜️Gold⚜️managed to trigger the Bearing daily Order Block. The Order Block mitigation✅ took place between the 0.71 and 0.79 OTE. Starting from tomorrow 30 October 2023 traders should be prepared for⏬ SELL⏬ Opportunities.I advice traders to wait for the Reversal Structure to form at the 15m timeframe. Target Pips: 195 ✅(3.3RR) 🚨Caution 🚨 Stoploss Pips : 59 ❎