Over the weekend, after the security and order situation in the city of Rostov on Don and some southern regions of the Russian Federation had complicated developments, investors returned to buy gold, helping the gold price increase. Gold is plunging close to the level of 1,911 USD / ounce has turned to increase again. This is the second consecutive increase of the...
Gold price currently at H1 time frame touches MA89 and stays at fibo786 with no new progress Today there is not any important news to affect XAUUSD Therefore, Gold will still fluctuate in the 618 - 786 Fibo zone and the nearest support is 1920 Combined with down theory TVC:GOLD BUY 1924 - 1925 💯💯 ✅ TP1: 1930 ✅ TP2: 1935 ✅ TP3: 1940 🛑 SL: 1919
World gold price this morning tended to increase with spot gold increasing by 2.2 USD, equivalent to closing last week's session at 1,922.4 USD/ounce. Survey this golden week by Kitco to see, the optimism of Wall distributors and retail investors is bearish. This will likely make the precious metal tough this week. Some analysts have said that with the downward...
Gold is currently sandwiched between the 50-Day EMA above and the 200-Day EMA below. Trading between these moving averages typically indicates heightened volatility. Consequently, choppiness remains a dominant characteristic of the market. It is crucial to approach this uncertain period with prudence, adjusting position sizes accordingly. Unfortunately, volatility...
Gold (XAU/USD) price is currently consolidating after a rejection from the $2000 in May 2023. After closing May with a 1.35% loss, the bulls are trying to orchestrate a strong rebound. The price is retesting a key trendline, and a breakdown will be extremely bearish. In the coming days, I expect the Gold price to remain very volatile due to the next week’s FOMC...
Gold confirms bearish trend continuation, breaking down from a consolidation pattern and testing key support levels. Gold continued its descent today, breaking down from a consolidation pattern and dropping decisively below the lower trendline of the pattern. It is on track to close below the line today, which would confirm the breakdown and a continuation of the...
Gold continued its descent today, breaking down from a consolidation pattern and dropping decisively below the lower trendline of the pattern. It is on track to close below the line today, which would confirm the breakdown and a continuation of the declining trend. Further, today’s candlestick is a wide range red candle with the open near the high of the day’s...
The ECB raised its base rate to 4% this month and President Christine Lagarde has said that another hike next month would be appropriate given that inflation has been so high for so long. Of course, the Fed acted ahead of the ECB and has taken more action, but the current likely interest rate roadmap looks quite supportive for a currency. After 2 days of running...
Statistical data over the past 24 hours shows that the world's most popular and valuable virtual currency traded at as low as $20,359 and as high as $21,686. Total market capitalization this morning also increased 1.9% to $917 billion. The strong momentum of Bitcoin created the value of other virtual currencies as well as witnessed notable movements in the...
Spot gold steadied at $1.933.63 an ounce, while gold futures fell slightly to $1,943.80 an ounce by 20:13 ET (00:13 GMT). Both instruments briefly slid below $1,920 and $1,930 an ounce, respectively, after Powell’s comments on Wednesday. While the Fed chief gave no direct signals on the next rate hike, his stance on inflation remaining too high, coupled with...
Gold prices were slightly volatile on Thursday, but reeling after four straight days of declines as uncertainty over the Federal Reserve's next interest rate decision kept traders wary of the yellow metal. Bullion prices briefly touched three-month lows on Wednesday, breaking a month-long lull after Fed Chairman Jerome Powell testified before the House Financial...
In the international market, according to Kitco, the world gold price at 9am this morning (Vietnam time) increased by 0.23 USD, or 0.01%, to 1,932.74 USD/ounce. According to a survey by the CME Fedwatch gauge, traders think there is a 77% chance the Fed will raise rates by 0.25 percentage points in July. If the rate increases, there is a high chance that gold...
World gold price this morning continued its downward trend with spot gold down 3.7 USD to 1,933.1 USD/ounce. Gold futures in August last traded at $1,944.9 per ounce, down $3.3 from dawn the day before. Gold prices in midweek trading pushed to a three-month low as Federal Reserve Chairman Jerome Powell maintained a hawkish tone during his congressional testimony....
Speaking of gold in the long term, Tavi Costa, portfolio manager at Crescat Capital, said that it is only a matter of time before the price of gold surpasses $2,000 an ounce as the world continues to deal with higher interest rates, Inflationary pressures increased and the global economy was engulfed in debt. Costa said that he sees three risks to the global...
World gold price this morning fell sharply with spot gold down 15.8 USD to 1,936.8 USD/ounce. Gold futures in August traded at the end of the period at 1,948.2 USD/ounce, down 15.3 USD compared to the dawn of the previous day. Strong USD rally continues to put pressure on precious metals. Early this morning, the US Dollar Index, which measures the volatility of...
A spot bitcoin ETF would track bitcoin's underlying market price. Proponents say an ETF would give investors exposure to bitcoin without directly buying it. The SEC rejected Grayscale Investment LLC's application last year to convert its flagship spot Grayscale Bitcoin Trust into an ETF. Grayscale sued the SEC, claiming that the regulator was acting arbitrarily...
During the Asian trading session, the People's Bank of China took a significant step by announcing a reduction in the benchmark Loan Prime Rates (LPRs) by ten basis points (bps). Moreover, the one-year LPR was cut from 3.65% to 3.55%, while the five-year LPR was lowered from 4.30% to 4.20%. These rate cuts served as a reminder to investors about the sluggishness...
Technically speaking, the XAU/USD maintains a bearish outlook for the short term, as per indicators on the daily chart. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are both showing weakness, standing in negative territory. In addition, the price now trades below the 20- and 100-day Simple Moving Average (SMA) with both of...