Gold rose to 3-week highs, sometimes reaching close to the level of 1,940 USD/ounce. Index DXY (measures the volatility of the greenback against a basket of six major currencies) fell from 103 points last week to 101.49 points. The USD index fell near a two-month low. A weaker dollar is supporting the precious metal's gains, as the Fed seems to signal that it is...
TVC:GOLD Gold prices struggled to capitalize on modest overnight gains from the vicinity of 1,900$, or weekly lows, and remained on the defensive throughout Friday's Asian session. GOLD is now trading around the 1910$ region, mostly unchanged on the day, and looks vulnerable to an extension in the two-month downtrend from all-time highs touched in May. From a...
TVC:GOLD Gold prices regained some positive traction on Thursday and partially recovered overnight losses. The overall weaker risk bias favors the safe-haven GOLD, although the upside looks limited. The major hawkish central banks can prevent the bulls from betting heavily on the metal. Gold prices came under pressure in the second half of Wednesday, with GOLD...
TVC:GOLD Despite not being able to break above the two-week descending resistance line, closest near 1,930$, Gold Price is still much higher than the 1917$ support confluence comprising the 200 Hourly Moving Average (HMA) and four-day-old bullish support line. conversely, keeping the GOLD bulls hoping to breach the stated resistance line one more time. It should...
TVC:GOLD Gold nears $1,900 on stronger US Dollar, hawkish central banks Gold prices attract new sellers after rising intraday to the 1912$-1913$ region and falling into the negative territory for the fourth consecutive day on Thursday. GOLD remains on the defensive during the European session and is currently placed near the lowest level since mid-March All...
TVC:GOLD Gold prices exhibited a corrective rally to a three-month low, marked the previous day, as it retested an intraday high around 1,912$ early Thursday in Asia. GOLD consolidates the latest losses even as central banks defend the trend toward “higher for longer” interest rates. GOLD is currently hovering around 1,912$ and maintains a bearish view with a...
TVC:GOLD Gold prices struggled to gain any meaningful traction on Tuesday and hovered in a narrow trading range, just above the 1922$. Meanwhile, GOLD remains within impressive distance of the lows in more than three months hit last Friday and looks vulnerable to staying below the 100-day SMA. In the short term and on the 4-hour chart, GOLD is also neutral, with...
TVC:GOLD The Gold Price has already breached the two short-term key supports around 1,935$ and 1,930$ respectively. However, the 1,928$ round figure and the previous bottom of around 1,925$ prods the XAU/USD bears on an important day. Meanwhile, the previous monthly low of around 1,930$ prods the Gold buyers ahead of the Fibonacci 23.6% on the daily and weekly...
TVC:GOLD Gold prices continued to struggle to gain any meaningful traction on Monday and hovered in a narrow trading range for the second straight day. Gold is currently trading just below 1,965$ during the Asian session, although it has managed to maintain its value above the 100 hourly Simple Moving Average (SMA) so far. The US dollar (USD) edged higher on the...
Before the neutral move of the US dollar in Asia, the GBP/USD pair is trading mixed, holding near 1.2645. According to the gross domestic product report, the UK economy in April grew slightly by 0.2% compared to −0.3% in the previous month, resulting in an annual growth rate of 0.5%, well above the previous level. 0.3% in March. The statistics confirm the...
TVC:GOLD Gold prices extended their downtrend on Thursday and probed the 1940$ area. However, the downtrend is due to shrinking volume and open interest, suggesting that a more prolonged decline seems unlikely for the time being. So far, there seems to be good support around 1,930$ Even if Gold Price surges past the 1,946$ level, the 38.2% Fibonacci level on the...
TVC:GOLD Gold prices attracted some buyers in the vicinity of the 100-day Simple Moving Average (SMA) and produced a modest recovery from the 1935-1934$ area or two-month lows touched the previous day. . GOLD bounced back above 1,950-1953$ during the early European session and now, seems to have cut a two-day losing streak. From a technical perspective, any...
Gold was boosted by safe-haven demand. It broke through the 2000 mark to around 2003 in the intraday session. Although gold bottomed out and rebounded yesterday, we can see that in terms of the trend, it is just back up again, and there is no change in the trend. Many people have another misconception, thinking that a sharp rise is about to catch up, and the top...
Since it could not hold on to 30k, needs to test monthly open area (target 29K) This area also aligns with 0.618 retracement level. Stop loss should be wide because of possible stop-hunt in the fair value gap area above entry.
As we can see Price Action, clearly seen Change of Character in Crude Oil after a Big Fall. Now we are waiting for order blocks where market liquidate the most traders and pick the Limit Orders.
. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade