Gold prices traded within a narrow range during the Asian session on Wednesday, hovering around $1,980, just above the three-week low touched on Monday. The precious metal saw a slight increase on Tuesday after the U.S. released consumer inflation data. Gold prices remained relatively unchanged on Tuesday, with XAU/USD fluctuating around $1,980.00. The U.S. Dollar...
Gold was subdued around $1,980 an ounce on Wednesday, holding near its lowest levels in three weeks as investors cautiously awaited the US Federal Reserve’s interest rate decision. The US central bank is widely expected to hold rates steady, but traders will focus on Fed Chair Jerome Powell’s commentary amid bets of rate cuts in the first half of 2024. Still, a...
Analyzing XAU/USD Prices: Technical Outlook The daily chart for gold depicts the yellow metal exhibiting a neutral-to-bullish trend as long as it remains above the daily moving average (DMA). However, with the ongoing decline in XAU/USD, attention is drawn to the potential impact on the 50-DMA at $1966.41, followed by the 200-DMA at $1952.74. Additional support...
Gold can be bought in the 1977-1973 range. tp1984-1989.sl1970 kle publishes all reference strategies here with all current price prompts to enter the market. The rest is left to the market to verify the strength and profit. If you make a profit of 5-10 US dollars, please grasp the profit by yourself. Please monitor the time when the article is published and...
The market had backtested support yesterday and began to show signs of bottoming near 1974, which is in line with our expectations. During today's Asian and European trading time, you can focus on this first-line support and participate in the rebound appropriately. The 1D trend is still bearish, and the low is expected to be around 1963-1952. This is my...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: During the Asian session on Tuesday, the price of gold (XAU/USD) has slightly increased and moved away from a three-week low, which was around the $1,976-1,975 range reached the previous day. However, there is a lack of continued buying or strong bullish sentiment as traders appear hesitant to make...
We directly chose to enter a short order at the current price of 2006, and the market price successfully retreated to 1995 before leaving the market; at the same time, we entered a long order at the double bottom position of 1995, and the market price also rebounded as expected, but this rebound only took a small space, which itself was a weak point. The...
Our operation was relatively perfect today and we achieved a good victory. Gold's 1-hour moving average continues to cross downwards, and the opening is wide. Gold shorts are still in high spirits and are far from over. Don't buy the bottom easily. Gold has continuously fallen below new lows. The short momentum is winning, so we will continue to short. The...
We directly went short in 2007, and at the same time added to the short position in 2000. The big negative line reached the 1992 line, achieving two consecutive short wins. At present, the short position is obvious. The rebound is short. The support level of 2000 points has obviously become a resistance. The current pressure is inevitable. This resistance level...
Spot gold continues its downward slide on Monday, dropping below the $2,000 threshold and easing into the nearby range of $1,980 as the market gears up for new inflation data with the US Consumer Price Index on Tuesday. XAU/USD has seen sharp declines for two consecutive days, signaling potential for an extended downtrend. Technical indicators on the daily chart...
Currently, gold has created a clear downward trend reversal Please be patient and wait until it hits the above trend and then sell Forex is easy to make money if your reason overrides your emotions ✊ Wishing you all a peaceful and lucky new week downward trend Support indicator: Decline Technical analysis: down 📍Personal opinion: Reduced - As I commented last...
Spot gold extended its decline on Monday, slipping below the $2,000 threshold and approaching the $1,980 range as the market gears up for fresh inflation data with the release of the US Consumer Price Index on Tuesday. XAU/USD faced significant losses for the second consecutive day, indicating potential for further decline. Technical indicators on the daily chart...
From a morphological point of view, the current decline is in a stepped manner. The previous consolidation period of 2030-2049 is a platform. If this position is not broken in the later period, there will be basically nothing for the bulls. The pattern is in a big short position. This week, around 2030, there is already great pressure on the pattern. Today we...
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The Federal Reserve will disclose its decision on the interest rate on Wednesday, marking its final meeting of the year. Market expectations for the December meeting suggest that there will be no alteration in rates, and there is a belief that the dot plot will decrease. However, following the release...
Dear Traders, Hope you are doing great, XAUUSD currently in consolidation phase as investors and big banks waiting for NFP data to be released. Based on NFP market will move straight up from current area of the market or fall around 2005 and then shoot up. Please use proper risk management. thanks for your love and support as always!
Some analysts believe that the coming time will be a challenge for gold. The jobs data released last weekend seemed to "pour cold water" on expectations that the US Federal Reserve (Fed) would cut interest rates. The number of jobs increased higher than community expectations with the unemployment rate decreasing. The gold market pushed back expectations of...
Gold prices are extending their trading range into the fourth consecutive day on Friday as investors exercise caution ahead of the highly anticipated US Non-Farm Payrolls (NFP) data scheduled for later in the day. The US NFP report could provide fresh impetus for gold prices. Currently, gold is oscillating without clear direction as traders refrain from making...
Overview: Gold prices are extending their trading range for the fourth consecutive Wednesday as investors exercise caution ahead of the highly anticipated US Non-Farm Payrolls (NFP) data scheduled for release later in the day. US NFP Data's Potential Impact on Gold: Gold prices are currently fluctuating without a clear direction, as traders refrain from making...