The above resistance level will be the focus on today's gold price chart. If successful, bulls will hope to bring the price back to its historic peak above the $2,400 mark. However, it is difficult for short sellers to see the above scenario happen easily, especially when their potential target around the $2,305 mark has not yet been completed. In terms of...
From the previous day till now I see Gold`s Bien transferring round 10>15 in price. There are 2 regions that I assume so long as Gold breaks, it's miles very possibly that the Trend will run in that unique direction. >With cutting-edge Gold breaking via the 2020>2022 Zone, it's going to maximum possibly boom sharply to 234x. >On the contrary, if cutting-edge Gold...
After the repeated fluctuations last week, gold is currently in a relatively weak state. Although it is weak, it is not a unilateral decline. Therefore, it may continue to fluctuate this week. Then, if there is no absolute unilateral situation this week, it will Look at the shock range. From a technical point of view, the daily line continued to be negative last...
The situation in the Middle East, as predicted earlier, has eased. The United States acts as an intermediary, taking positions and speaking on behalf of both parties, which helps ease tensions. In the absence of new news, the gold market's operating philosophy should be based on upward breakthroughs after range oscillations. As the market opens higher, investors...
"PPI data was slightly lower than expected, keeping alive hopes of a possible rate cut before the end of the year - hence gold's gains. Central bank buying and geopolitical uncertainty remain the mainstays supporting the gold market." The golden week reached a new high, first stepping back to the 2325 first-line correction and starting to stabilize. Later in the...
Gold rebounded again after touching 2304 during its decline today. Gold still held the 2300 mark. Judging from the recent trend, gold has experienced twists and turns during its decline, and it is obvious that there is still strong support below. The first is the support at 2305 and 2303. Many people will even look at the 2300-2298 area support as much as...
Judging from yesterday's trend: 2375-2380 is currently the short-term support point, followed by around 2370 and 2361. The price opened in the morning and fell back to the 2373.6 line. Due to the escalation of geopolitical conflicts, the price quickly rose to around 2418 and fell back and directly recovered the morning's rise. Therefore, the current intraday high...
Yesterday, gold staged a bullish and short-selling trend. First, it fell from around 2360 to around 2325 due to the good performance of US economic data. However, as the market responded to Israel's remarks on the topic of counterattack, gold began to rise, leading bulls to launch a counterattack. The price rose and tested to a position near 2392. Such a trend can...
From the current point of view, gold is just rebounding. The negative line of gold hit the top yesterday, that is, the opening price was around 2382 yesterday. The rebound of gold in the afternoon did not break through the resistance overnight, which shows that the resistance of gold in this place is still effective. Since gold encounters resistance in the short...
Triangle consolidation, rebound stage, buy, tp2319/2322
Gold last week was generally recovering from Monday's sharp decline. During the week, it once retreated downwards and broke through the 2300 integer mark to reach around 2291 and rebounded. Gold prices were supported above 2320 throughout the day on Friday, maintaining bullish shocks, rebounding and repairing, and accelerated higher before the US market in the...
Traders see a 64% chance of the Fed cutting interest rates in September, according to CME's FedWatch tool. Lower interest rates will make holding non-yielding gold more attractive. Data on Friday showed that U.S. job growth slowed more than expected in April, while year-on-year wage growth fell below 4.0% for the first time in nearly three years. New York Fed...
Market participants will also be closely watching comments from Fed officials next week. The chance that the Fed will adjust policy in September remains slightly above 50%, according to data from the CME Fed Watch Tool. Market positioning suggests the dollar could face selling pressure if Fed policymakers leave the door open to a rate cut in September. ...
In early trading on Monday, spot gold suddenly fell rapidly in the short term. The price of gold plummeted by nearly $15 from a level near $2,337/ounce, and currently hit a low of $2,319.82/ounce, setting a new intraday low. A piece of heavyweight news came from Israel, which further cooled the market's risk appetite, thus hitting the gold price trend. This week...
The Fed's hawkish speech blocked gold at the 2400 mark. The United States has warned Israel that it does not want to see tensions escalate further. This statement cooled the market's risk aversion, thus putting downward pressure on gold prices. However, Israeli military spokesman Hagari said on April 16 that Israel would not remain "indifferent" after being...
Core Analysis System (SMC) 1 Price, 2 pattrens, 3 Volume ,4 Volitality, 5 Momentum, 6 Time, 7 Sentiments 🕛 TOPDOWN Analysis H1 shows a bullish structure with price successfully touching its extreme Point of Interest (POI). Afterward, it provides a bullish confirmation, indicating readiness for a bullish position on the 5-minute timeframe. 😇 7 Dimension...
Gold's 30-minute rise is no longer strong enough and is beginning to be suppressed by the downward trend line. Gold's 30-minute moving average is about to form a dead cross. If a dead cross is formed, gold will have room to fall again. The resistance of the gold trend line has now moved down to 2325.
Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate....