The US Dollar registered its first weekly decline for 2024, which, along with increasing demand for traditional safe-haven assets, lifted the Gold price to over a two-week high on Friday. The growing conviction that the Federal Reserve will wait until the June policy meeting before cutting interest rates keeps a lid on any further appreciating move for the...
OANDA:XAUUSD broke above the 20-day Simple Moving Average (SMA) at $1,974 and the $1,975 resistance area, rising to $1,987, the highest level since November 6. As long as the price remains above $1,974, the focus will be on the next strong resistance area seen at $1,992. A break above this area would likely see the yellow metal rise above $2,000. The 4-hour...
Inflation released this week is expected a difference of 0.1 and 0.2. The written analysis over past months was correct and here's why. Since Inflation highs in June 2022 at 9.1 and 15 months later to current 3.7, each Inflation release averaged 0.36. The actual drop for each Inflation release was 0.1 and 0.2 and failed to meet or exceed the 0.36 average. The...
Gold struggles to gain during the early European session on Monday. Investors await the highly-anticipated US Consumer Price Index (CPI) on Tuesday for fresh impetus. XAU/USD price is trading around $1,940, gaining 0.18% on the day. Gold struggles to gain during the early European session on Monday. Investors await the highly-anticipated US Consumer Price Index...
OANDA:XAUUSD price recovers the recent losses, trading higher near $1,980 during the Asian session on Tuesday. The price of the precious metal receives upward support due to the correction in the US Dollar, which could be attributed to the downbeat US Treasury yields. Alternatively, if the correction from multi-month highs resumes, Gold sellers would need a...
🌏 🌏 🌏 Signals and strategies OANDA:XAUUSD 🌏 🌏 🌏 ⭐⭐ I.Strategy OANDA:XAUUSD ⭐⭐ 👉Concerns about the risk of conflict between Israel and the armed Islamic movement Hamas spreading to the Middle East region are increasing, greatly affecting the price of precious metals, in the context of Israel stepping up airstrikes and supposedly is preparing a ground...
✍✍ Campaigns, signals and analytics OANDA:XAUUSD ✍✍ 📣 📣 GOLD MARKET ANALYSIS AND COMMENTARY - WEEK 42 - 2023 ✅✅✅ Market Comments OANDA:XAUUSD ✅✅✅ ✅ Exceeding expectations, international gold prices this week have had a positive recovery, rising sharply from 1,831$ to above 1,932$ and closing at 1,934$. ✅International gold prices increased sharply...
Signals and strategies before trading OANDA:XAUUSD ⭐⭐News and Strategy⭐⭐ Gold price has stalled its recovery momentum, as the Relative Strength Index (RSI) indicator remains in the overbought region, warranting caution for buyers. However, the 21-Simple Moving Average (SMA) is looking to cross the 50 DMA from below, suggesting that a Bull Cross remains in...
Knowledge and signals OANDA:USDJPY Market sentiment improves as Middle East fears ease, USD/JPY rises on higher yields on the day. Since the BOJ intervened last week at 150.00, the pair has consolidated somewhat with price action mainly between 148.30 and 149.40. Although traders are not exactly hawkish on the Fed, they are still relatively confident that...
Signals and strategies between OANDA:XAUUSD and OANDA:EURUSD : THE FIRST : OANDA:XAUUSD NOTE : BUY price range 1818$ - 1820$ - stoploss: 1815$ Today we will have 2 price zones to pay attention to to establish SELL signals: 🔽SELL watch Price range 1838$ - 1836$ - stoploss: 1845$ 🔽SELL watch Price range 1855$ - 1853$ - stoploss: 1860$ Note: Full...
Analysis and strategy OANDA:GBPUSD OANDA:GBPUSD edges higher during the Asian session on Monday amid subdued USD demand. The uncertainty over the Fed's rate-hike path is seen as a key factor undermining the USD. The lack of any meaningful buying warrants some caution for aggressive bullish traders. GBP/USD climbed to a weekly high of 1.2747 on Wednesday...
Strategy for Buyers OANDA:GBPJPY 🔥 The OANDA:GBPJPY pair oscillates in a narrow range above the 1.2600 mark during the early Monday’s Asian session. The major pair currently trades near 1.2628, gaining 0.01% on the day. 🔥Traders anticipate that the Bank of England (BoE) is likely to raise 25 basis points (bps) in the upcoming meeting. The BoE Chief...
Forecasting and strategy TVC:GOLD : Gold price portrays the routine consolidation ahead of the United States Nonfarm Payrolls (NFP) while easing to 1,940$ amid the early hours of Friday, after reversing from the highest level in a month the previous day. In the near term, and according to the 4-hour chart, the risk skews to the downside. Technical indicators...
Sell signals and strategies OANDA:USDCHF The OANDA:USDCHF pair loses its recovery momentum and holds below the 0.8800 mark during the early Asian trading hours on Thursday. Meanwhile, the US Dollar Index (DXY), a measure of the value of USD against six other major currencies, loses momentum and hovers around 103.00. At the time of writing, the USD/CHF is...
Strategies and signals TVC:GOLD In his remarks at the Jackson Hole conference, Fed President reiterated his commitment to continue to closely monitor economic data, while leaving the door open to a rate hike. TVC:GOLD prices will hardly receive strong impetus to break out without a significant increase in inflation data or a worsening job market. The yuan...
Signals and strategies TVC:GOLD Gold is on track to recover from losses recorded in the previous four weeks ahead of a speech by US Federal Reserve Chairman at the Jackson Hole Symposium. The precious metal has shown resistance despite the improvement of the US Dollar (USD). US Dollar (USD) rally boosted by moderate US jobs data, keeps market sentiment...
Gold price assessment this week TVC:GOLD During this week, the gold price has continuously dropped from 1,912$ to 1,884$ and closed at 1,889 USD/oz. Gold prices fell this week as the yield on the 3-month US Treasury note jumped to 5.29%, its highest level in 15 years and well above its long-term average of 4.5%. ,18%. This shows that investors are expecting...
Signals and Strategy August 24 TVC:GOLD The world gold price gained modestly after a series of quiet days thanks to the weakening of the USD. Early this morning, the US Dollar Index, which measures the volatility of the greenback, fell 0.19%, increasing the attractiveness of gold to buyers holding other currencies. The precious metal will face some...