US Treasury yields continue to rise and weigh on the precious metal. Geopolitical tensions in the Middle East may limit the downside potential.
At the beginning of the week, the XAU/USD retreated towards $1,920 and consolidated Friday’s rally, which saw the spot price rising by more than 3%.
Markets will remain quiet on Monday, and investors await Tuesday’s...
Gold prices (XAU/USD) recovered briefly to around 1,863 at the time of writing, USD as gloomy market sentiment fueled by escalating tensions between Israel and Hamas improved the asset's appeal Safely hidden. The yellow metal recovered with support from deepening geopolitical tensions, offsetting the impact of a surprisingly strong September Nonfarm Payrolls (NFP)...
⚡️Gold prices fell for a second consecutive quarter after a decline that began in August and lasted through September, highlighted by the current week's decline - the worst in more than two years.
⚡️More significantly, gold gave up in September its hold on the key bullish level of $1,900 an ounce that the yellow metal had held since mid-August. That came after...
Gold prices see a recovery, achieving gains of 0.25%, driven by a reversal in US bond yields, with the 10-year note coupon dropping from a 16-year high of 4.51% to 4.44%. Federal Reserve officials express a cautious stance, emphasizing the need for patience despite the necessity for further rate hikes to control inflation.
The US Dollar Index (DXY) continues to...
⚡️Gold prices rose on Monday as markets bet that the Federal Reserve will keep interest rates on hold this week, while growing fears of a U.S. government shutdown spurred some safe haven demand.
⚡️The yellow metal saw some gains in recent sessions as strong inflation and economic activity data failed to convince markets that a U.S. interest rate hike was...
Gold is moving near the 🔴 resistance zone($1922.6-$1919.8) 🔴.
The cluster of Fibonacci levels is well visible in the resistance zone.
Also, the Bearish AB=CD Harmonic Pattern can be seen.
I expect gold to decline again to a 🟢 heavy support zone($1904-$1886.40) 🟢.
Gold Analyze ( XAUUSD ), 1-hour time frame ⏰.
Do not forget to put Stop loss for your...
Gold analysis today (Liquidity update)
As previous, we was saw price went downward to grabbed below liquidity.
It's a spring event in small Wyckoff accumulation schematic (5m time frame).
Let's look on right chart (daily time frame):
This week, we'd to see price go upward to grab above liquidity.
Those are some areas that we're marked on the chart.
You could see...
Gold has been in this sideways range for over a year.
What was considered to be a breakout that allowed it to touch the 1920 area, was indeed an Upthrust After Distribution, in my opinion.
Two more followed, and I'm already shorting and in profit, since about 1900.
See the chart for reference.
If you like this idea, like, follow, and consider supporting...
Hey tradomaniacs,
lots of Robin-Hood-Traders are asking themselfs: Why is gold and silver dropping?
Well it can have a lot of reasons such as Profit-Saves due to the overbought situation, the fact that stock-market continues to climb and SPX500 is almost at its All-Time-High (portfolio turnover).
It can be the fact that DXY (US-DOLLAR-INDEX) is oversold and...
