👉 Gold continued to be a strong bullish candle yesterday without any major corrections, with the price retesting the previous breakout zone of 1945 and then surging back to the expected zone of 1985. 👉 In the second half, prices remained within the short-term moving average band, extending the bullish momentum. The 1982-1985 zone is a strong resistance zone. If...
Gold Analysis October 20: Dovish Fed supports gold prices - Fundamental analysis: Gold support soared to almost $1980 yesterday as geopolitical tensions escalate. In addition, the Fed's "moderate" statement also led to a surge in gold prices. Fed Chairman Jerome Powell said the policy is hawkish and that the Fed will be "cautious" in making policy decisions. He...
Federal Reserve Chairman Jerome Powell said that although inflation has cooled, the Fed remains committed to achieving its 2% target. In a speech in New York on October 19, Chairman Jerome Powell acknowledged that tightening policy had brought inflation back under control, but stressed that the Fed must remain cautious in pursuing its goals. . “Inflation remains...
The world war situation has not cooled down and many powers such as Russia, America and China are showing signs of getting involved. This is why I firmly believe that gold will increase in the long-term trend, let's see. Consider my analysis for today. Gold analysis: - The drop in gold prices from $1,962 to $1,938 could be a sign of seller participation. - All...
Gold Analysis October 19: Fed Chair Speaks - Fundamental analysis: Yesterday, gold prices rose by more than $40 from 1922 to 1963, and then fell by around 1950. The reason for supporting gold at this point is probably still the conflict between Israel and Palestine. The current war is extremely unilateral, with the United States claiming to be behind Israel, but...
Federal Reserve Chairman Jerome Powell is scheduled to deliver a major policy speech on October 19th. The aim is to convince the market that the relevant central banks will continue to keep the inflation regime in check, but perhaps not, and that there will be some "easing" going forward. The first monetary policy plan was submitted to the New York Economic...
Currently, gold has fluctuated quite gently as the influence from the FED and the war has gradually dissipated. The market will focus on tonight's US retail sales, if retail sales are announced well. Gold will be under pressure but not much. If the announcement is bad, gold will increase sharply until at least 1950. . Summary of previous ideas: sell at the peak ....
Detailed analysis of Gold, XAUUSD and Gold on October 18th 📍Current price: 1929 🎯Expected discount: 1908-1888 ✅Reference: (Priority sale) 🔴 Sales in the 1950-1953 price range (sold in 1958) 📣Spot gold fell below the $1,920 mark during trading, restrained by the rise in the US dollar, but continued to rise after that, but was still partially affected by the fact...
The market's fluctuation range after yesterday, October 16, seems to be a sideways wave and a slight recovery to the 1900 area to wait for the next trend of the war situation. You can consider buying and selling support and resistance areas according to technical analysis. ✅✅Supports to note: 👉1910-1908: Thin support during the day, you can consider BUY upside if...
- The correct purchase price was determined at yesterday's meeting... - Today's session is bullish... 🔴Yesterday, bar D1 had a doge candlestick market and H1 created a small triangle pattern indicating the end of the downward correction wave. In this morning's Asian session, gold is up by a massive 194x, with further upside potential. 🔴 "The Palestinian-Israeli...
Economists said the Fed had completed its monetary tightening cycle, reducing the chances of the U.S. going into recession. In the Wall Street Journal's latest quarterly survey, economists and business leaders lowered the odds of the U.S. going into recession next year from an average of 54% in July to a more optimistic 48%. This is the first time since the middle...
Gold prices fell on Monday, but reversed after rising safe-haven demand led to a series of strong gains in the yellow metal as attention remained focused on the potential impact of the crisis. War between Israel and Hamas. The yellow metal saw some profit-taking after rising more than 5% last week as the outbreak of the Israel-Hamas war sent investors to safe...
Gold Analysis October 16: War risk sentiment supports Gold price - Fundamental analysis: Gold had the most exciting trading session of 2023 when it increased from 1868 to 1932. The war between Israel and Hamas suddenly escalated when the Israeli government warned more than 1 million in northern Gaza to evacuate the area. Haven products such as Gold are supported...
At least 30 US citizens died in the Israeli-Palestinian conflict According to CNN, on October 15 local time, a US State Department official said at least 30 US citizens were killed in the conflict between Palestinians and Israel. The official said the United States is "cooperating with the Israeli government on all aspects of the hostage crisis, including sharing...
💥 Technical analysis on October 16: 👉 XAU/USD . Bar D1 last Friday's price increased sharply, causing fear of war in the Middle East to spread throughout the Middle East region. Gold prices increased sharply from 1780 to 1930. Last weekend the market did not create any syntactic GAP, the war information had nothing new to create the next mature Gold market. This...
The Fed has raised interest rates 11 times since March 2022, but inflation remains well above target and U.S. central bank officials are taking more aggressive action than in the past. This is thought to be due to a lack of monetary policy adjustment. When Federal Reserve officials say their long-term inflation target is 2%, they are referring to the percentage...
According to the U.S. Department of Labor, the CPI rose 0.4% in September, exceeding the 0.3% rise in August. However, the annual CPI has declined compared to the peak of 9.1% recorded in June 2022. Traders now believe there is a 38% chance the U.S. Federal Reserve will raise interest rates in December, up from 28% before the inflation report was released,...
Global gold prices turned lower this morning, with the spot gold price down $5.2 to $1,868.8 per ounce. Gold futures for December contract were trading at $1,881.1 per ounce, down $1.4 from the previous day. Better-than-expected inflation data released on Thursday wiped out gains gold had made so far from safe-haven purchases. Specifically, the report showed...