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Hello everyone. Let's take a look at the gold market and the factors that could influence the gold price in the coming week. Current Gold Price Picture: The current gold price is holding steady at $1,939.6 per ounce in the context of the U.S. market being closed for Labor Day. Last week, gold prices experienced a significant increase, rising by 1.25%. This was a...

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Welcome to my gold market analysis report. Let's together take a look at the current state of the gold market and the factors causing the fluctuations. Strong Increase in Spot Gold Price Spot gold has recently witnessed a significant increase, reaching its highest level in three weeks at 1,926.04 USD/troy ounce. This has garnered the attention of investors and...

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Introduction: Amidst relentless fluctuations, the young gold bull (XAU/USD) has recently undergone a period of struggle to maintain any meaningful upward momentum. Nevertheless, a weakening trend has pushed the gold price close to its lowest levels since mid-March during the Asian trading session. In this analysis, we delve into the trading situation and prospects...

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Let's delve into the current gold market dynamics, understanding recent changes and their impact on this precious metal's investment landscape. Recent Trends and Impact: XAU/USD dipped to $1,896.33 per troy ounce on Tuesday, marking its lowest since June last year. Presently, it trades around $1,906 as reduced demand for the US Dollar coincided with Wall...

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Hello prospective investors! Today, we'll delve into a comprehensive analysis of the gold market, aiming to provide you with clear insights and trends. Let's break down the recent developments and their impact on this precious metal. Market Reaction and Influences: Gold prices experienced a decline on Monday as demand for the US Dollar intensified in a...

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Greetings, potential investors! Today, let's delve into the world of gold market to better understand its dynamics and the opportunities it presents. Join me as we explore the crucial points in this analysis. Recent Price Fluctuations: We've observed significant fluctuations in the gold price lately. On Monday, we witnessed a period of decline in gold prices due...

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The crucial support and resistance areas influencing the market path are as follows: Support: $1,910 - $1,900 USD Resistance: $1,925 - $1,929 USD Trading Recommendations for the Day: BUY XAUUSD at 1910-1909 Stoploss: 1906 Take Profit 1: 1915 Take Profit 2: 1920 Take Profit 3: 1930 SELL XAUUSD at 1926-1927 Stoploss: 1930 Take Profit 1: 1920 Take Profit 2:...

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In the early morning hours today, the global gold price is trending upwards, with a rise of $1.3 compared to the previous week, reaching $1,914.4 USD/ounce. Technical Analysis: Over the past week, gold experienced its second consecutive week of losses, declining by approximately 1%. This decrease reflects pressure from the US Consumer Price Index (CPI) and...

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The young golden one (XAUUSD) has navigated through a week marked by a prevailing selling trend, inching close to the significant level of $1,900 USD this week. Fundamental pressure primarily stems from the resolute "hawkish" stance of the Federal Reserve (Fed), coupled with the impact of comprehensive economic data that bolsters the Fed's mindset. In the...

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The US dollar (USD) fell on the last day of the week as the bulls opted to take profits after a recent rally to a near two-month high. This, in turn, is seen as a key factor in gold's favor in US dollar terms, although any meaningful upside still looks elusive. The USD's modest decline is likely to be maintained amid expectations that the US Federal Reserve (Fed)...

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Gold (XAU/USD) prices fell after hitting a record high as the bulls breathed a sigh of relief ahead of the main US Nonfarm Payrolls (NFP). The Federal Reserve (Fed) hinted at a pause on the trajectory of interest rate hikes after raising its benchmark interest rate to its highest level since 2007. The same is in line with Fed Chairman Jerome Powell's cautious...

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Gold prices came under renewed selling pressure and fell to a two-week low near HKEX:1 ,970 before recovering above HKEX:1 ,990. Benchmark 10-year US Treasury yields remain in positive territory at around 3.6%, limiting XAU/USD's rally for the time being. XAUUSD is fighting between the 2005 and 1980 levels. The target may dominate the uptrend in the near term....

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Gold trades with a sour tone on Monday, with XAU/USD hovering around HKEX:1 ,990 a troy ounce after falling to HKEX:1 ,981.16 at the beginning of the American session. The daily chart for XAU/USD shows that the risk of a continued slide increased. The pair is currently struggling to hold above a now flat 20 Simple Moving Average (SMA), while the Relative...

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Gold prices turned lower and fell to HKEX:1 ,992, hitting a three-day low. In the recovery, climbs back above HKEX:2 ,000 on a volatile Friday amid a resurgence in the US Dollar. From a technical perspective, nothing seems to change for gold prices and the short-term bias remains in favor of bullish traders. Therefore, some further strength back to retest...

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The next direction in the Gold price remains at the mercy of the United States labor market report, which is the last employment data for the Federal Reserve to assess ahead of the May 2 and 3 monetary policy meeting. Economists are expecting the US economy to add 240K jobs in March, compared with a 311K increase reported in February. The March Unemployment Rate...

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Spot gold extended its rally to fresh multi-month highs of $2,032.03 an ounce on Wednesday, correcting lower thereafter. Market players are taking profits ahead of the long holiday season, as many markets will be closed or down for two days over the Easter holiday weekend. From a technical point of view, the daily chart for the XAU/USD pair shows that it has...

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Gold prices ( XAU/USD ) cut their intraday losses near $1,955 amid early Monday morning in Europe. In doing so, the bright metal recovers from one-week lows marked earlier in the day as traders reassess challenges starting the week to initial sentiment in favor of the dollar. U.S. dollar. US Dollar Index (DXY) retreats from intraday highs of 103.05 to 102.90 as...

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Gold price ( XAU/USD ) is trading comfortably above $1,950 after peaking around $2,000 thick resistance. Meanwhile, Silver price (XAG/USD) is trending up continuously with less volatility up and down and is trading above $23 level, still has room to make up before hitting all-time highs. year-to-date in early January about $24.50. Gold price trades precariously...