Gold Prices React to US Dollar Correction Amidst Diverging Central Bank Policies
The US Dollar, which had recently scaled six-month highs against major currencies, is now undergoing a correction as central banks across the globe adopt contrasting stances. The Bank of Japan (BoJ), with its steady policy, has injected a sense of calm into the markets, while the US...
Gold Prices Consolidate as Markets Await Fed Decision
Gold prices (XAU/USD) have entered a period of consolidation, trading around $1,930 during the Asian trading session on Wednesday. Market participants are adopting a cautious "wait-and-see" approach ahead of the Federal Reserve's (Fed) interest rate decision and FOMC press conference, events that could inject...
MMXM Sell Model on 4H, we can take a Long position to complete the model on HTF and try find a Short .
*Personally i dont trade on Sunday-Monday but i wanna share this
Kewen Trading
The price after having eliminated the ATH proceeds to fill a weekly FVG, after filling this and eliminating a maximum in Weekly, the price proceeds to make a correction until filling in a FVG in 4H, after this the price rises eliminating highs in 4H and leaving a new imbalance in 15m to which it is now heading to continue its upward movement.
𝐊𝐞𝐰𝐞𝐧𝐓𝐫𝐚𝐝𝐢𝐧𝐠®
In the early European session, the price of Gold found temporary support around $1,943.00. Although there has been a short-term decline in the value of this precious metal, further losses are expected as the Federal Reserve (Fed) is likely to raise interest rates to address persistent inflation in the United States.
S&P500 futures have recovered some of the...
The price of gold (XAU/USD) has recently pulled back from its weekly high, signaling a tentative stance from buyers. This retreat aligns with the uncertain market conditions, where conflicting factors are at play. On one hand, there is optimism surrounding the US debt-ceiling deal and a diminishing hawkish sentiment regarding the Federal Reserve (Fed). On the...
Gold (XAU/USD) experienced significant selling pressure following a brief pullback near $1,970.00 during the Asian session. The precious metal has extended its decline to around $1,932.00 as the US Dollar Index (DXY) recovers and aims to reach a new daily high. Technically, the outlook suggests a bearish continuation for gold, with a potential decline to the 61.8%...
Paxos Gold just printed a double top + bearish engulfing, looks ready for a leg down towards 50MA support.
⚡️⚡️ #PAXG/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (12.0X)
Amount: 8.6%
Current Price:
2010
Entry Targets:
1) 2023
Take-Profit Targets:
1) 1945
Stop Targets:
1) 2062
Published By: @Zblaba
LSE:PAXG #PAXGUSDT...
Gold rebounds further from a two-month low, reclaiming the $1,950 level during the early European session and breaking a two-day losing streak.
The Gold price is benefiting from a slight weakness in the US Dollar (USD) as traders take profits following its recent surge to a two-month high. However, significant upside for Gold remains elusive, at least for now, as...
After a strong up due to the down of the dolar index, gold is given us a pullback. Let's wait for the broken of this flag I drew in with the arrows and if this hapens, is a good momento for a long position.
Based on current analysis, it appears that the price of gold is showing some uncertainty as it moves within a pattern known as a "pennant". Despite this, there is still potential for the price to increase, as there are risks that could push it up. In order for this to happen, the price would need to break above a downward trendline at the price of $2,000,...
(probably THE SUPER DXY FALL down)
What the feed says today can cause hard times for the dollar (will the interest rate go up? Does that mean that the economy can still hold on to help the banks or see more inflation?
leave your opinion below
The price of gold is currently below $1,950 and may see a bullish trend as XAU/USD bulls may make one last attempt to rise before the Federal Reserve meets. Mehta suggests that for any recovery to occur, gold would need to be accepted above the psychological level of $1,950 and reach the previous resistance level of $1,960. If the Federal Reserve adopts a dovish...
GOLD will go to the upside. If price breaks 1857.82, pretty sure my TP will be 1867.86
Remember that CPI is coming up, so this is a really risky trade....
As the Dollar continues to retrace its steps from four-week highs, the gold market hopes to capitalize on recent recovery gains. Will XAU/USD break $1,850 during Powell's speech as Fed Chair? As investors stay away ahead of Jerome Powell's speech, the US dollar is currently declining from monthly highs. His remarks are likely to spark a new bout of volatility,...
Gold prices extended gains into a second session on Tuesday as bets for a smaller rate hike by the Federal Reserve next week continue to weigh on the U.S. dollar. At the same time, a slight pullback in U.S. Treasury yields has also helped the yellow metal.
At the time of writing, the spot price XAU/USD is trading at $1,936 an ounce, 0.3% above its opening price,...
Gold price needs to break the $1,942 barrier for a fresh uptrend.
Gold price is consolidating the latest uptick to near nine-month highs, as bulls take a pause contemplating the next move. Gold price is holding firmer so far this Tuesday, having witnessed good two-way trades a day before.
Eurozone, United States PMI data in focus
Amidst the US Federal Reserve...
