GOLD MARKET INSIGHTS: Amid escalating tensions in the Middle East, gold prices have soared to nearly $2,360, bolstering the allure of this precious metal. This week, all eyes are on the U.S. economic indicators: the Consumer Price Index (CPI), Producer Price Index (PPI), and Retail Sales. These figures are poised to reveal pivotal trends in the economy and...
Intro - This is Binary Forecasting Service's CONTINUOUS GOLD FORECAST featuring 16 to 20 hours a day around-the-clock coverage of FX_IDC: XAUUSD ticker, with two of top three outcomes highly detailed in proprietary trend maps from Sunday open through all of Tuesday. This data must be used with continuous updates to remain relevant until it is replaced. Using...
Hello dear friends, let's explore the trends in gold prices for the upcoming week! Currently, gold is undergoing a correction phase after a strong price increase over the last weekend, with the metal trading around $2,358 in the early trading hours of Monday and experiencing a slight decline of 0.11% on the day. This adjustment is unfolding as anticipated within...
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price play between two levels 2365 and 2346. We have a open gap above at 2365, 2379 Goldturn and below at 2346. We will need to see ema5 lock above 2379 to further open the range above or a rejection will follow to find support at the retracement range. A cross...
Analysis: Factors Driving Gold Prices Up Here is why we think it will go up (FUNDAMENTAL ANALYSIS) Weak NFP Report and Potential Fed Rate Cuts: The recent Non-Farm Payrolls (NFP) report came in weaker than expected, signaling sluggish job growth in the United States. This unexpected weakness has raised speculation that the Federal Reserve may consider...
Hello dear traders! Currently, gold price (Xau/USD) is trading at 2,348 USD, equivalent to 12 USD compared to the beginning of the session. The main reason is comments from the Federal Reserve (Fed) and increasing speculation that the Fed may delay its easing plan, which has pushed up the greenback and pulled down gold prices. With lower USD. However, signs of...
On Monday, gold prices traded negatively during the Asian session. Hawkish remarks from the Fed along with increasing speculation that the Fed might delay its easing plans bolstered the U.S. dollar, driving gold prices lower. However, the bullish outlook for gold remains intact as it sustains above the 34.89 EMA. This support suggests that the trajectory for...
Intro - This is Binary Forecasting Service's CONTINUOUS GOLD FORECAST featuring 16 to 20 hours a day around-the-clock coverage of FX_IDC: XAUUSD ticker, with current favorite outcomes highly detailed in proprietary trend maps through all of Tuesday. This data must be used with continuous updates to remain relevant until it is replaced. Using this without staying...
Donald Nguyen welcomes everyone! Let's summarize and strategize our new day! Gold price today touched 2356 USD and decreased 0.18% during the day. On impact news: Last week, the yellow metal posted modest gains as expectations that the US Federal Reserve (Fed) would loosen policy this year increased following weak economic data. . It is expected that this week...
THE KOG REPORT: In last week’s KOG Report, we said if support held after the open we felt we would get a push to the upside into the order region and if the market held the region we felt an opportunity to short the market was available. That short trade worked well and after partials were taken it was protected. During the week we suggested traders trade...
Hey Everyone, Please see our updated 4h chart levels and targets for the coming week. We are seeing price play between two weighted levels 2389 resistance and 2357 support. We will need to see either weighted level break and lock to confirm the next range. We will need to see ema5 lock above 2389 to further open the range above or a rejection will follow to...
Gold prices (XAU/USD) encountered challenges in Monday's Asian trading session. Hawkish comments from the Federal Reserve (Fed) and speculation that the Fed might delay easing its monetary policy boosted the USD, putting downward pressure on gold. However, economic weakness and geopolitical tensions in the Middle East could support the precious metal. Investors...
FX:XAUUSD is testing 2378. For two weeks traders fought for the 2300 area and the bulls won. Favorable fundamental background and technical prerequisites played into our hands. Earlier we discussed with you the formation of the correction and the formation of the bullish pattern "descending wedge". The breakout of the resistance of the wedge confirmed the end...
Hey Everyone, Please see our daily chart idea that we have been tracking and trading successfully since completing our last daily chart idea. Previously we saw the anticipated retracement take place into the channel half line where we expected a bounce. - This played out perfectly with the full half line test complete followed with the bounce up, as no lock...
Gold prices extended gains near $2,360 on Monday during the first hour of trading in Asia. Rising geopolitical tensions in the Middle East boost safe-haven flows and benefit precious metals. Gold prices traded positively during the day. The yellow metal kept the bullish trend intact as it held above the key 100-day Exponential Moving Average (EMA) on the daily...
Hey Everyone, As stated last week we completed all our Bullish targets after breaking out of the ascending channel and stated that we also need to keep in mind the detachment below highlighted in circle. This may need a correction on the top of the channel to form support for a bounce and continuation above or a break back into the channel will see the swing...
📈✨ **Gold Market Outlook:** ✨📈 Gold wrapped up the week with a strong bullish momentum, hinting at a potential breakthrough of a significant daily resistance cluster. 🚀 Looking ahead, a bullish breakout above the **2361 level** accompanied by a daily candle closing above it could fuel a powerful uptrend, aiming for the **2391 level**. 💰💪 🔍 However, if the market...
Gold is extremely bullish and is expected to double its value in the next few years. We want to take advantage of this bull market and implement long-only strategies on futures. Right now, GOLD is breaking out of the descending channel, but I want to see a retest of it. The price broke out of this channel but created a fair value GAP. These GAPs tend to be filled...