Weekly Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs.
Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure)
First structural indication, but not confirmation that pullback has initiated would be for...
Weekly Analysis:
Analysis/Bias remains the same as last week's weekly analysis dated 05 May 2024
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs.
Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure)
First...
Weekly Analysis:
Analysis/Bias remains the same as last week's weekly analysis dated 28 April 2024
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs.
Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure)
First...
Weekly Analysis:
Analysis/Bias remains the same as last week's weekly analysis dated 28 April 2024
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs.
Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure)
First...
Weekly Analysis:
Analysis/Bias remains the same as last week's weekly analysis dated 14 April 2024
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs.
Most likely scenario would be for price to pull back following swing and internal BOS (Break Of Structure)
First...
Weekly Analysis:
Price has been printing further all time highs. Below analysis remains the same as last week's weekly analysis dated 07 April 2024
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a bullish swing BOS followed by a bullish iBOS and continues to break all time highs.
Most likely scenario would be for price to pull back following swing...
Fundamental View
Buyers of gold in recession, or sellers of it for a stronger dollar?
Volatility in the bond market and uncertainty about interest rate cuts are pushing the dollar higher, dimming the appeal of gold (XAU).
Last week, the recovery of the US dollar affected the price of gold (XAU) and put pressure on gold. Because market participants assessed the...
Fundamental View
Gold is still under buying pressure but it is at an important level
In the past week, gold was fixed above 2000 dollars. This consolidation was done right above the HKEX:2000 and TSE:2002 area. Important and psychological area.
The momentum is still bullish and can rise again to its historical high. We mean the area of 2060. But this price...
Weekly gold Analysis
Fundamental View:
Gold Growth stopped at a strong level of $2000
Last week, we mentioned the buy sentiments of gold as a safe-haven asset.
Now that the market has priced banking crises what are the gold movement drivers?
Recession, yes fear of stagnation is remain. Fear of recession in the global economy remains and now the gold buyers...
Fundamental View
At any time in history, if any risk enters the market, traders turn to safe areas to protect their assets.
In the past few months, gold has been the best safest place for all financial risks.
From recession to financial crises and recently banking problems. As a result, traders withdraw their assets from banks and keep them safe in gold.
In the...
Weekly gold analysis
📌 Key points and overview:
Technical view, can range between 1730$ and 1764$
Any lower than expectations can be a helping hand for gold to rise, and any US data more than expected can be a downward pressure for downside gold.
📝 Fundamental Analysis:
After the sharp rise of gold, last week we saw the correction of gold in the range of 1730...
Weekly gold analysis
📌 Key points and overview:
We can think about it to buy at lower prices with the lowest risk.
Disappointing home and building sales data could bolster expectations that the Federal Reserve will slow its rate of contraction.
End-of-week flows could change the sentiment and play an important role in keeping gold on the sidelines ahead of next...
📝 Weekly gold
◽️ Gold jumped more than 1 percent in its final days after last week's sharp decline, led by weaker U.S. jobs data, but remains under pressure from higher interest rates to continue its downtrend.
◽️ The number of jobs reported was close to market expectations and the market reaction to that data was neither good nor bad. But it had a same result...
📝 Weekly gold
◽️ After Powell's speech at the Jackson Hole meeting, sellers will have the upper hand because the Fed's hawkish policies will continue.
◽️ This week's NFP report has gained importance as speculation of the Fed's next rate hike increases.
◽️ This week's US NFP report is one of the final pieces of the September interest rate-setting puzzle for the...
