World gold price this morning continued its downward trend with spot gold down 10.2 USD to 1,891.4 USD/ounce. December gold futures last traded at $1,928.3 per ounce, down $6.9 from the previous morning. Gold trades near a six-month low after the minutes of the central bank's July monetary policy meeting were released. The minutes showed that the US Federal...
I have mentioned all the key zones from where you people have to buy and from where to sell. It is my request that please follow me only If your own analysis matched with my analysis.
Gold prices fell to a nearly 1-month low on Tuesday, August 8, as investors turned to the safe-haven dollar following weak China trade data. Cautiousness prevails ahead of the release of US inflation data later this week. Closing the session on Tuesday, the spot gold contract fell 0.6 percent to $1,925.79 an ounce, after touching its lowest level since July 10,...
We could see the buyside liq swept before any true bullish momentum on daily chart.
Over the past 48 hours, gold prices have weakened almost -1.7 percent. This follows a rise in longer-term US Treasury yields, especially looking at the 10- and 30-year bonds. XAU/USD often trades as the anti-fiat instrument, inversely tracking a combination of the US Dollar and Treasury yields. Now, retail traders are seemingly back to increasing their net-long...
Gold prices rose back above the psychologically important level of $1,950 per ounce in the last trading session of the week as US inflation eased in line with expectations. Specifically, the US Department of Commerce reported that the core personal consumption expenditure (PCE) index increased by 0.2% in June. This figure was lower than the 0.3% growth recorded...
Gold prices on the world market continued their downward trend this morning, with spot gold dropping $15.5 to $1,934.8 per ounce. December futures for gold last traded at $1,971.1 per ounce, down $7.7 from the previous morning. Precious metals are under pressure as the ADP report indicates a strong increase in private sector employment in July. Specifically,...
Gold Price (XAU/USD) begins Wednesday’s Asian session on a front foot, bouncing off the lowest levels in a week, as well as from the 200-SMA key support, as it justifies the United States government’s rate cut by the rating giant Fitch Ratings. In doing so, the yellow metal pares the previous day’s heavy losses with mild gains to around $1,950. However, the bears...
Gold prices are solidly lower and hit a two-week low in midday U.S. trading Thursday. Silver is down sharply, too. Modest overnight gains in both metals were erased after the release of upbeat U.S. economic data this morning that beat market expectations. August gold was last down $27.10 at $1,943.00 and September silver was down $0.645 at $24.325. U.S. economic...
Gold prices rallied over the past 24 hours heading into Wednesday’s highly anticipated FOMC rate decision. Chairman Jerome Powell and company are widely expected to raise benchmark lending rates to a zone of 5.25% - 5.50% following a pause at the previous meeting. This has been amidst US economic resilience to this monetary tightening cycle. According to the Citi...
Gold prices were left slightly higher in the aftermath of Wednesday’s rate hike from the Federal Reserve. The most meaningful development from the central bank was not the widely anticipated tightening, but rather commentary from Chair Jerome Powell that most officials do not envision a recession in the horizon, underscoring expectations of a soft landing. With...
A week packed full of high-importance economic releases, central bank meetings, and mega tech stock earnings, starts today with the release of the latest S&P Global PMIs at 14:45 UK time. While expectations for the US releases are little changed from last month, if they are anything like today’s Euro and UK sentiment numbers then they may be set to disappoint the...
Price has reached 50 MA on Weekly TF and major trend line with a golden Fib zone. Potential to the upside in probable. Entry: 22.016 SL: 21.691 TP: 23.037 Risk 1% RR 1:3
As we all knows that US government has just $38 Billions to pay its debts. The economy of US is standing on very critical edge. Anything can be happened.
Today early morning XAUUSD has breakout its sideway box on 15 minutes time frame. I am much sure that from 2020 it will rise to hit its defined take profit zones.
GOLD (XAUUSD) took support on its previous level. I think first GOLD will move in zig zag and then it will take off to 2030.
Gold BOS on 4h timeframe. Demand zone for long 1965-54. stop loss below 1950. target: 2055
XAUUSD moved sideway last week and trading in tight range bound. USD (DXY) is still weak and by this GOLD may rise again to it's previous HIGH. Wait for the rejection on that level to sell it again.