Gold looks to recapture 50 DMA at $1,932, as RSI flips bullish Gold price is building on the previous recovery early Friday, looking to reclaim the $1,930 round level. The United States Dollar (USD) sees an extended correction from six-month highs, tracking the US Treasury bond yields lower. Gold buy now 1925 Target 1940 Sl 1917
Smart investment, Strong finance GOLDEN INFORMATION: During the early European session on Wednesday, the price of gold (XAU/USD) is facing challenges in its attempt to rise above $1,935. This struggle can be attributed to a decline in the value of the US dollar and a significant drop in US Treasury yields, which has resulted in a weaker performance for the...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: According to flash data from CME Group, traders in the gold futures market have been reducing their open interest positions for the fourth consecutive session. This reduction amounted to nearly 2,000 contracts. The volume of trading also decreased significantly by almost 48,000 contracts after two...
Gold Price prods the lower end of the short-term trading range while fading the bearish bias after five-day losing streak. That said, the XAU/USD remains within a strong trading range between $1,935 and $1,915 despite falling in recent days. That said, the middle band of the Bollinger on one-day joins Fibonacci 38.2% on one-month to highlight $1,915 as the key...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The price of gold (XAU/USD) is experiencing a rebound after hitting a weekly low. This bounce comes after four consecutive days of losses, and it coincides with the release of key US data in a market that is currently sluggish. However, despite this bounce, the XAU/USD price is struggling to justify...
Smart investment, Strong finance GOLDEN INFORMATION: The Gold Price (XAU/USD) is protecting its previous weekly rebound, which is the first in five weeks. It has risen for two consecutive days due to the overall weakness of the US Dollar. The cautious optimism in the market and lower Treasury bond yields are also contributing to the recovery of XAU/USD. It is...
Smart investment, Strong finance GOLDEN INFORMATION: The price of gold is currently struggling to maintain its momentum from the previous day, hovering around $1,895 during the Asian session on Tuesday. The XAU/USD pair has the potential to break its four-week losing streak thanks to a weakening US Dollar (USD). However, sellers of gold remain cautious in...
NOVA hello everyone, Let's comment on gold price next week from August 21 to August 25, 23 World situation: Potential support and resistance levels for XAU/USD are being closely monitored based on the technical analysis of the daily chart. Despite some efforts by the bulls to recover, they still face significant challenges as indicated by their position deep in...
Smart investment, Strong finance GOLDEN INFORMATION: During the Asian session on Friday, the price of gold is trading higher at around $1,890 per troy ounce. This marks a recovery for gold after experiencing losses for four consecutive weeks. The rebound in gold price can be attributed to the weakening of the US dollar. However, there is still a possibility...
Smart investment, Strong finance GOLDEN INFORMATION: During the Asian trading session on Wednesday, the price of gold (XAU/USD) is hovering around the $1,901 level. Concerns about potential tightening of monetary policy by the US Federal Reserve (Fed) were raised due to positive United States (US) Retail Sales data, which impacted the previous day's gold...
Smart investment, Strong finance GOLDEN INFORMATION: Over the past week, global gold prices experienced a continued decline as both the US Dollar Index and 10-year Treasury yields saw consecutive increases for four weeks in a row. American consumers have started to feel more pressure when it comes to managing their finances and saving money due to the ongoing...
Smart investment, Strong finance GOLDEN INFORMATION: According to CME Group's preliminary data on gold futures markets, traders increased their open interest positions by approximately 2.3K contracts after experiencing four consecutive daily declines on Wednesday. However, the volume remained volatile and decreased by around 3.5K contracts, partially...
NOVA hello everyone, Let's comment on gold price next week from August 14 to August 18, 23 World situation: After a series of positive news in the week for the dollar, the US economy has prospered, economic indicators are positive, which is the catalyst that causes gold prices to continuously decline. According to experts, it is forecasted that this week the...
Smart investment, Strong finance GOLDEN INFORMATION: After reaching its lowest point since July 7th, the price of gold is showing a modest recovery around the $1,911-$1,910 range during Friday's Asian session. It appears that the four-day losing streak has been halted for now. Currently, XAU/USD is trading in the $1,915-$1,916 region with a modest increase of...
Smart investment, Strong finance GOLDEN INFORMATION: Risk sentiment has been the primary influencer thus far this week, with the US dollar continuing its positive momentum. Venture capital flows have remained dominant for two consecutive days, driven by concerns over China's growth and ongoing banking issues. The focus now shifts to the highly anticipated US...
Smart investment, Strong finance GOLDEN INFORMATION: The price of gold (XAU/USD) gains strength as the latest United States Nonfarm Payrolls (NFP) report falls short of expectations. In July, the US labor market experienced a modest increase of 187K payrolls, which was slightly below the consensus forecast of 200K but marginally higher than June's figure of...
Smart investment, Strong finance GOLDEN INFORMATION: The gold price has started the new week with little activity, trading within a tight range just above the $1,950 level in the Asian session. Although this range-bound price movement could still be considered a bullish consolidation phase, caution is advised...
NOVA's comment for gold price: The Gold Price is experiencing a boost as the US Dollar weakens, with the US Dollar Index (DXY) falling to its lowest level in two months. This decline in the US Dollar, coupled with low US inflation expectations, is driving the XAU/USD Price higher. According to the Federal Reserve Bank of New York's Survey of Consumer...