Gold price licks its wounds near $1,825, after refreshing the yearly low during a four-day downtrend in the last. The yellow metal seems to cheer a retreat in the United States Treasury bond yields and the US Dollar. The XAU/USD pair pressures the aforementioned low, down for a fourth consecutive day but without signs of downward exhaustion. The daily chart...
Gold price came under renewed bearish pressure and touched its lowest level since late December below $1,820 before rebounding toward $1,830. The benchmark 10-year US Treasury bond yield turned negative on the day near 3.9% following earlier advance, helping XAU/USD limits its losses. Gold price opened the year at $1,823.76 and reached a year-to-date high of...
Gold price is under pressure by some 0.3% on the day and remains in the hands o the bears following the first Federal Open Market Committee Minutes of 2023. The minutes were released whereby investors have been searching for further insights into the near-term path for policy and any comments regarding the possibility of the Federal Reserve going back to 50 bps...
Gold price is displaying a sideways auction around $1,825.00 in the Asian session. The precious metal has turned sideways after a vertical sell-off and is expected to continue its downside to $1,820.00 as the Federal Open Market Committee (FOMC) minutes are conveying more rates to tame stubborn inflation. Gold price's weekly chart shows support near the 78.6%...
Gold price is attempting a temporary recovery above the $1,830 mark early Wednesday after the dismal performance seen so far this week. Upbeat United States Manufacturing and Services PMIs reaffirm the hawkish US Federal Reserve rate hike expectations, as all eyes turn toward the Minutes of the first Federal Reserve meeting of 2023. The short-term technical...
The yellow boy in the sideway zone we observe and wait for more signals to trade. After the hot uptrend from October 30 to January 30, it is correcting and now going sideways, so it is advised that you trading large time frames should observe and wait for signals at good price zones. If you play during the day, then wait for gold to return to the 182x-1833 area to...
Ending last week's session, after plummeting to the bottom of 1825 - 1828, GOLD had a session to increase again into the old accumulation area of 1825 - 1844. Currently, the trend of GOLD has not yet formed a clear shape. , so we will temporarily trade in the accumulation trend. If you label the wave since the reversal, GOLD has run 5 small waves, showing that...
- XAUUSD shows strong buying at Support 1820 - If the price maintains and holds the 1845 price zone, good buying power will cause XAUUSD to return to the resistance level to note 186x - 187x. - In case the price cannot sustain, it will return to the 1827 support area to find liquidity
Gold has moved slowly in the Asian session, the morning of February 20 when the market was hesitant and it is possible that gold will continue to maintain this status for a while. But from a technical point of view, can the full price of 1,800 USD be the bottom in the short term? Here is some analysis of the technical outlook for gold prices in the medium...
Despite the late Friday rally, gold continued to come under pressure and posted a weekly loss of more than 1%, driven mainly by strong macro data and some comments. hawkish comments by Fed officials. Next week's highlights Tuesday: US Existing Home Sales, Manufacturing PMI Wednesday: Minutes of FOMC February meeting, speech by New York Fed President...
Potential selling zone but Btc price has searched many times but has not broken 24k8 -25k2 If in the small frame (m15 ) the price tends to create an upward dow to break the 24k8 -25k2 price zone, then the price will continue to go up to the 30k8 to 31k price range in the long term. and if the price does not break 24k8-25k2, it will return to retest the 21k3 price...
GOLD now shows us the continuation of the Downtrend However, there is a contradiction in time frames If SELL right now we can follow the H4 wave In the situation where Gold breaks out of the downtrend, we can wait to Buy when XAUUSD returns to the short-term DOW uptrend value. Short-term target can reach 1870USD
Gold price is extending its three-day bearish momentum on Friday, following Thursday’s sharp reversal from near the $1,850 level. The buying interest around the United States Dollar (USD) remains unabated amid hawkish US Federal Reserve (Fed) expectations. Gold price is once again challenging the bullish commitments below the falling trendline...
Gold prices were little changed by the end of Thursday’s trading session, but the yellow metal extend its recent losing streak during Friday’s Asia-Pacific trading session. The anti-fiat yellow metal is now on course to sink over 2 percent this week. In fact, the 5.25% drop so far in February is shaping up to be the worst month since June 2021. This week in...