Goldsignal75

Goldsignal75

Factors to watch for gold price action- Global stock market- Bearish (Positive for gold) US dollar index –Bullish (negative for gold) US10-year bond yield- Bullish (Negative for gold) Technical: The near–term support is around $1800, violation below targets $1780/$1760/$1750. Significant reversal only below $1750.The yellow metal facing strong resistance...

Goldsignal75

Technical: The near–term support is around $1810, violation below targets $1800/$1780. Significant reversal only below $1750.The yellow metal facing strong resistance $1835, any violation above will take to the next level $1860/$1877/$1912 is possible. DISCLAIMER: ((trade based on your own decision )) <>

Goldsignal75

Gold is holding above $1800 on the weak US dollar. The yearly inflation surged by 7%, the highest level since June 1982. The US dollar index hits multi-week lows at 94.62 despite the hawkish Fed. It regained above 95 level due to catch up in US treasury yields. Gold hits an intraday high of $1822.91 and is currently trading around $1822. Global stock market-...

Goldsignal75

Gold regained sharply on the weak US dollar. The US dollar index lost more than 50 pips after US CPI data. The yearly inflation surged by 7%, the highest level since June 1982. Markets eye US PPI data today for further direction. Factors to watch for gold price action- Global stock market- Bearish (Positive for gold) US dollar index –Bearish (positive for gold)...

Goldsignal75

Bitcoin (BTCUSD)- BTCUSD has formed a double bottom around $39500 and shown a minor pullback. The pair has regained above $40000 after a sell-off of nearly $30000. It hits a low of $39558 at the time of writing and is currently trading around $41460. CCI (50) below zero line and Woodies CCI- above zero line in the 4-hour chart. DISCLAIMER: ((trade based on your...

Goldsignal75

GBPJPY has taken help around 200-H MA and shown a minor pullback. The pound real pared a large portion of its benefits against the US dollar. Any break above 1.3600 affirms further bullishness. The UK has announced one more 141472 day by day cases lower contrasted with the earlier day-case 179756. The intraday pattern of GBPJPY is bullish insofar as help 155.70...

Goldsignal75 Updated 

If the break out cloud more bullish Wait and watch cloud price action bull or bear Gold regained above the $1800 level on the weak US dollar. Markets eye US Fed chairman testimony for further direction. The US dollar index is holding below 96 levels despite hawkish Fed and surging yields. The minor sell-off in US treasury yield supports the yellow metal at lower...

Goldsignal75

USD/JPY opens the week on a bullish note, dollar firm ahead of US inflation data USD/JPY trades with a bullish technical bias. Pullback has bounced off 200H MA support. The pair is extending gains for the 6th consecutive week. Bulls on track to test 88.6% Fib at 116.66.

Goldsignal75

Gold continues to trade lower after hawkish FOMC meeting minutes. The Fed meeting minutes signaled for an earlier rate hike as expected. The 10-year yield hits 1-1/2 month at 1.71%, the highest level since October of last year. The spread of the omicron virus in the US is preventing the yellow metal from further sell-off. It hits a low of $1798 and is currently...

Goldsignal75

Gold recovered more than $15 on easing US bond yields. The number of new coronavirus cases in the US rose by one million on Monday, the number of hospitalized patients rose nearly 50%. This has increased demand for safe-haven assets like gold. It hits a high of $1816.77 and is currently trading around $1815.22.

Goldsignal75

Gold lost more than $30 on surge in US treasury yields. The 10-year yield jumped more than 8% and hit a five-week high as the latest omicron virus will do less harm to the economy. The hopes of a rate hike by the Fed also dragging yellow metal. It hits a low of $1798 and is currently trading around $1805.75.

Goldsignal75

Technical: The near–term major support is around $1817, violation below targets $1805/$1800/$1790. $1675.Significant trend reversal only below $1750.The yellow metal facing strong resistance $1835, any violation above will take to the next level $1860/$1877$1912 is possible. It is good to buy on dips around $1800 with SL around $1780 for TP of $1860.

Goldsignal75

As we said before this green trendline broke and now is local resistance for price: Technical: It faces strong support at $1800, violation below targets $1770.Significant trend continuation only below $1675. The yellow metal facing strong resistance $1820, any violation above will take to the next level $1835/$1860/$1900 is possible. It is good to buy on dips...

Goldsignal75

Technical: It faces strong support at $1800, violation below targets $1770/$1750/$1740/$1700.Significant trend continuation only below $1675. The yellow metal facing strong resistance $1815, any violation above will take to the next level $1835/$1860/$1900 is possible.

Goldsignal75

If price break this resistance here then the market is again bullish and more rise is ahead Edges above 200-MA Capped upside 5-MA NOTE= If the breakout local resistance more bullish momentum