AmberForexGold

AmberForexGold

This week there is no important news related to USD, the market is less volatile. Interest rates are expected to decrease or remain unchanged, but there is no motivation for the Fed to raise interest rates. Potential for sideway gold to accumulate before next week's nonfarm news. Pass around the area 2053 -2069. Buying gold in the support zone 2051 - 2053,...

AmberForexGold

Gold had a deep decline on Friday after the release of Nonfarm data exceeded expectations, DXY recovered. Gold decreased more than 1.55% from the highest price recorded in 2035 to 1995 by 40$. The political situation still has fluctuations but no longer affects gold prices too much. With interest rates not expected to increase in the last month of 2023, and...

AmberForexGold

Gold is receiving strong support again as the USD and Bond yields slide sharply again following the Unemployment Benefits data released last night, along with manufacturing and production also weakening. increasing predictions that the FED's interest rate hike cycle has ended. Today the market is still more inclined to increase due to digesting the previous...

AmberForexGold

Gold recovered to the 1949 area in last night's trading session when the USD softened and TP yields decreased as investors cautiously waited for last month's US CPI inflation data to be announced at 20:30 today. . Today, before the CPI news was announced, the market likely went sideways, with weak liquidity waiting for news. Currently, gold has not broken out of...

AmberForexGold

Gold fell for the second consecutive week as the Dollar and TP yields increased again following hawkish comments from Powell and FED officials last week as the Israel-Hamas conflict calmed down. Gold is currently under quite a lot of pressure as DXY increases, possibly sel Gold today is trading around 1940. If it does not break through this zone, it can sell down...

AmberForexGold

Gold yesterday had a recovery in the US session with more than $20 from 1945 to 1965 after 3 consecutive days of decline. However, this morning, with the statements of some Fed leaders carrying a gold hawk view that has dropped to 1956, DXY is currently at 105.8, an important resistance level. Tonight there will be news at 10:00 related to the USD, the market will...

AmberForexGold

Gold has had a downward trend since 1988, closing yesterday's session at 1979. Currently, the conflict news no longer has much influence on the market. With Powell's statement last week, the FED still has the ability to raise interest rates one more time, so investors have been cautious and worried about the possibility that the FED will continue to talk a lot...

AmberForexGold

The market did not change too much after the Nonfarm news last Friday. The increase due to the impact of the news caused gold to increase from the 1990 price before the news to 2004, then decreased again in the Asian session this morning by $10, with a Current trading in 1985. With the US economic data on jobs and services released on Friday, and the conflict...

AmberForexGold

Gold yesterday fluctuated briefly in the 1980 -1990 range, the market is waiting for tonight's Nonfarm news, according to which the data is expected to be unfavorable for the USD, with the number of applications for unemployment benefits expected to increase. Inflationary pressure is said to be easing, leading to the Fed saying that raising interest rates is...

AmberForexGold

This morning the FOMC meeting took place, according to which the Fed kept the interest rate unchanged at 25 VND, putting pressure on USD, DXY had a GAP decrease of 15 points. Gold added support to increase in addition to the current political news, the market before Friday's Nonfarm news did not have too many fluctuations. Buying watch at 1983, deeper at 1974 and...

AmberForexGold

Gold did not change much in yesterday's trading session, still keeping a narrow sideway margin around 1.99x as the conflict situation is calming down without any new changes, and Investors also temporarily put aside related news. to conflict and follow economic news ahead of the FED's interest rate meeting in the middle of this week. In today's trading session,...

AmberForexGold

Gold opened the session with an adjustment to support in 1997, then increased again to 2002. In today's trading session, gold will return to test 1997 again, when the market had weak liquidity at the beginning of the week, war news. Currently, there are not many changes. Gold purchased at prices from 1996 to 1998 was deeper than 1980 1982 TP expected in 2008. It...

AmberForexGold

Gold is on the rise again as the Israel-Hamas conflict shows no signs of easing and tends to become more tense as the risk of a war expanding to the region is coming very close. If Israel officially pours troops into Gaza and the conflict expands, Gold can easily fly back above 2,000 and even further. Tonight PCE Inflation data - the FED's favorite inflation...

AmberForexGold

Gold still maintains its high price range as Middle East tensions are still supporting and helping keep Gold in the high price range around 1.97x - 8x throughout yesterday's trading session. The market traded sideways at a large margin of 10 - 12 prices as news of hostage release negotiations and concerns of higher escalation intertwine. If at the beginning of...

AmberForexGold

Gold, after opening the Monday morning session, had a downward correction to 1964. The buyers continued to dominate, increasing again to 1982 after testing the 1964 zone without breaking. Gold is in an uptrend, downtrends are current recovery waves with no signs of reversal in the medium and long term. Gold buying in the regions 1946, 1962 -1964, 1972 TP 1986,...