Krado_KO

Krado_KO Updated 

⚡️Gold was also set for its first positive week in five, as it recovered from five-month lows hit earlier in August. Despite Friday’s losses, spot prices also retained the closely-watched $1,900 per ounce level. ⚡️Still, the outlook for the yellow metal remained muddled by the prospect of higher U.S. interest rates. The dollar stood at an over two-month high on...

Krado_KO Updated 

Gold prices hit 2-week highs and settled above the key $1,900 an ⚡️ounce level Wednesday as the dollar and Treasury yields retreated from recent highs ahead of Federal Reserve Chair Jay Powell’s speech later in the week at the central bank’s annual policy event in Jackson Hole, Wyoming. ⚡️This allows spot prices to return to the $1,900 threshold, although growing...

Krado_KO Updated 

EUR/USD is recovering early Wednesday morning in Europe. Cautious optimism and a drop in the US Dollar along with US Treasury yields underpinned EUR/USD's fresh upside momentum. All eyes remain on the EU and US PMIs. ⚡️ Sell price range 1.09150 - 1.09350 ⚡️ ⚠️ SL 1.09750 🌟TP 1.08414🌟 What is your opinion? can let me know in the comment section, thanks.🌷 *...

Krado_KO Updated 

Strong U.S. inflation and labor market readings had severely dented gold prices in recent weeks, as markets began pricing in a greater possibility of higher interest rates. Powell is now expected to shed more light on the bank’s plans for rates, after the minutes of the Fed’s July meeting showed that most policymakers supported higher rates to curb sticky...

Krado_KO Updated 

⚡️All attention is on the Jackson Hole Conference. Is gold moving? ⚡️ After showing a tough attitude, the Fed did not waver in the released economic data. However, market participants disagree with the Fed, pointing to the risk of over-tightening. ⚡️Jerome Powell, Fed Chair, will give a speech at the Jackson Hole Conference, may offer suggestions for the market. ...

Krado_KO Updated 

The dollar shot up to a near two-month high after the minutes, while benchmark 10-year Treasury yields reached their highest levels in nearly 10 months. Yields were also close to reaching levels last seen during the 2008 financial crisis. The prospect of higher U.S. interest rates bodes poorly for gold, given that it increases the opportunity cost of investing in...

Krado_KO Updated 

⚡️GBP/USD posted small gains last week as the British Pound attempted to resilient against its rivals on the hawkish Bank of England (BoE). However, the pair still stands strong to start the week as investors refrain from taking large positions ahead of important data releases and events. ⚡️After data from the UK revealed last week that wage inflation remained...

Krado_KO Updated 

⚡️ GBP appreciation is going strong, bullish cycle has rules , place sell and buy orders as soon as the price line touches the trendline . and I think GBP could rise until next Wednesday, before Claimant Count Change and CPI Change in number of claimants and published CPI ⚡️ Do you think like me? What is your opinion? can let me know in the comment section,...

Krado_KO Updated 

After reaching the TP 1987 on July 20, gold continued to decline until today, gold has traded below the price range of 1900. shows that the attractiveness of gold to investors has almost disappeared. If the Fed does not intervene soon, gold futures may fall to 188x,but the source said that Unless the economy cracks, the Fed will certainly not cut rates this...

Krado_KO Updated 

⚡️ Krado hello everyone ⚡️ 🔔Ended the trading session of the week 33 candles closed at 1889 ,A week where gold is often under pressure from the dollar , h4 chart shows that the downtrend is still in progress, possibly going deeper into the zone that Krodo analyzed earlier. 🔔The dollar was set for a 0.5% gain on the week, as strong U.S. economic readings and...

Krado_KO Updated 

The GBP/USD pair attracted some buyers on the first day of the new week and maintained modest gains on the day, below mid-1.2700s during the Asian session. However, spot prices remain confined within a familiar trading range that has held for about the past three weeks, and a mixed fundamental backdrop warrants some caution before placing strong bullish bets....

Krado_KO Updated 

Although gold has found some minor support, with the dollar's momentum, gold has not yet broken out of its decline, The Dollar Index needs to break below 103 and 102.60, followed by 101.60, for a resumption of gold’s uptrend. positioning is largely in favor of the dollar and has made investors wary of the metals market. Gold was also pressured by a spike in U.S....

Krado_KO Updated 

The Euro underperformed on Monday and experienced losses. On Tuesday, the US Dollar Index finished above 103.00, marking its highest daily close in over a month. This was driven by higher US Treasury yields. The Greenback remains strong despite expectations that the Federal Reserve (Fed) will keep interest rates unchanged. US yields continue to rise, with the...

Krado_KO Updated 

Most Federal Reserve officials viewed the "significant" inflation risks as a sign that further rate hikes may be needed to slow the economy, according to minutes of the meeting. July announced by the Federal Open Market Committee on Wednesday. This may cause gold to trade in a narrow range before a new correction from the Fed After the FOMC meeting, gold fell...

Krado_KO Updated 

U.S. retail sales data released on Tuesday showed that consumer spending remained robust in the country, potentially indicating more inflationary pressures in the coming months Federal Reserve officials expressed concern at their most recent meeting about the pace of inflation and said more rate hikes could be necessary in the future unless conditions change,...

Krado_KO Updated 

The yellow metal is also set for little relief this year, with U.S. rates set to remain at 22-year highs for at least the remainder of 2023. USD recovers causing gold to plunge around resistance 1900, we can set up buy order here , and my target is the price zone 1920 - 1925. What is your opinion? can let me know in the comment section, thanks. * Let's win the...

Krado_KO Updated 

Gold prices were flat on Wednesday and were on the cusp of falling below key levels, while copper prices hit a two-month low as fears of a Chinese economic slowdown and rising interest rates boosted the dollar. U.S. retail sales data released on Tuesday showed that consumer spending remained robust in the country, potentially indicating more inflationary...

Krado_KO Updated 

Gold and copper prices fell to their weakest levels in a month on Monday, coming under pressure from a stronger dollar as rising U.S. inflation pushed up concerns over higher interest rates. Data from last week showed that U.S. inflation edged higher in July after declining steadily this year, pushing up concerns that the Federal Reserve will be forced into...