RockStarr_FX

RockStarr_FX Updated 

Gold fell sharply, prolonging and accelerating the downtrend that began after the FED kept interest rates unchanged and reiterated that interest rates would remain high for longer than previously expected. Additionally, the recent decline in gold is also attributed to options contracts expiring soon. However, it could also be due to seasonality as this price...

RockStarr_FX Updated 

Gold prices fell in the morning session on Monday (October 2) because of pressure from the strong USD, after ending last week at the lowest level in the last 6 months. The dollar rose against rival currencies, making gold less attractive to buyers denominated in other currencies. Although gold prices fell significantly last week, some analysts predict that...

RockStarr_FX Updated 

Gold has hit its lowest mark in the past 8 months as the strength of the USD continues to show off. We have not yet found an end to this downward trend. It is likely that gold will continue to decline until 1820 when that is the lowest and closest bottom we see. However, we still have to guess when the USD will stop showing its strength

RockStarr_FX

GBPUSD rebounded strongly, breaking the previous downward trend with low momentum. The market rebounded strongly with the majority of bullish candles being momentum candles with large candle bodies. It can be seen that in the short term this pair is moving in an upward direction. higher and the first resistance area it can find is the area around 1.2350. The...

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The decision to close the order in the last session was correct because the price rebounded quite strongly after approaching the target price range of 1.05. Currently, bullish signals have appeared on both daily and H4, notably the railroad pattern on daily. It is likely that the price will continue to adjust upward after this behavior, the short-term target is...

RockStarr_FX Updated 

At the end of Wednesday's trading session, spot gold contracts decreased 1.3% to 1,875.79 USD/oz. Gold futures contracts lost 1.4% to 1,893.5 USD/oz. The prospect of higher US interest rates for longer has sent investors flocking to the safe-haven dollar, making gold more expensive for foreign buyers. Contributing to reducing the attractiveness of gold, US...

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If the U.S. government shuts down in the near term, it could make the Federal Reserve hesitant to make another interest rate hike and dampen the dollar's recent rally, analysts said. la. The US federal government is facing the possibility of having to partially shut down next Sunday if the US Congress cannot pass relevant funding legislation before...

RockStarr_FX Updated 

Because the difference is too high, the buying and selling of gold bars on the market in recent days has been very slow. Gold holders wait for opportunities to sell to realize profits rather than buying. According to experts, world gold prices fell to a three-month low due to strong sell-off due to news about interest rates. The US Federal Reserve's (Fed)...

RockStarr_FX Updated 

"I have an optimistic view on gold because I believe that the Fed will shift policy away from the current restrictive state before achieving the 2% inflation target," Mr. Melek added. In the most recent transaction, the world gold price was at 1,912.26 USD/ounce. From March 2022, the Fed will begin raising interest rates as inflation escalates to its highest...

RockStarr_FX

Monday saw the U.S. Dollar reach its highest level since March, as investors sought safer options amidst speculation that central banks would maintain high interest rates to curb inflation. This development coincided with a decline in U.S. government bonds, while stocks remained steady. Traders are increasingly wary of the potential inflationary impact of rising...

RockStarr_FX

Gold recovered as the US dollar retreated from a six-month high. The prospect of rising long-term interest rates suggests weakness in gold, especially given the Federal Reserve's hawkish stance. However, global gold demand is still very large and some countries continuously buy gold. Gold has greater importance in non-Western countries. TVC:GOLD BUY LIMIT 1910...

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After half a year of stability, the exchange rate has tended to increase in recent days, according to experts, due to pressure on the weakening yuan. The exchange rate is currently at an 8-month high and increased about 1.6% compared to the beginning of the year. However, the USD price is still lower than the peak from October to December last year due to the...

RockStarr_FX

After the strong bearish signals mentioned earlier, the downward momentum on EURUSD has slowed down, the price has not yet created a new low, instead there is a bullish signal (with the doji dragonfly model) on the daily. However, the previous bearish signals have not been invalidated and the bearish structure still exists, you can still maintain the selling...

RockStarr_FX Updated 

Gold prices continuously increased in the first half of the past session, approaching the target resistance level around 1950. However, after the FOMC announced the results of the September meeting, it turned down sharply, creating bearish candlestick patterns. Notable ones include a bearish engulfing candle on daily and a bearish pin bar on H4. Current price...

RockStarr_FX

Gold prices extended their decline as the US dollar and US bond yields jumped after the Federal Reserve stepped up its hawkish stance on interest rates. Gold may need to rely on a decline in US Treasury yields to stage a significant recovery. The Fed kept interest rates steady on Wednesday, but latest forecasts suggest it could raise rates again this year and keep...

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In a significant revelation, Arkham Intel, a prominent blockchain intelligence platform, has uncovered Bitcoin (BTC) reserves valued at $25 billion, which are being held by Coinbase, the well-known cryptocurrency exchange based in the United States. This finding firmly establishes Coinbase as a dominant player in the Bitcoin realm, solidifying its position as the...

RockStarr_FX Updated 

The precious metals market was quiet at the beginning of the trading week as it awaited the conclusion of the Federal Open Market Committee (FOMC) meeting, the policy-setting body of the Federal Reserve, scheduled for Wednesday afternoon. Looking at the long term, analysts at Capital Economics recently forecasted that gold is likely to decrease to $1,800 per...

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Treasury yields and the dollar index saw a resurgence, whereas stocks experienced a minor setback following the Federal Reserve's decision to keep interest rates unchanged, in line with expectations. The central bank also presented economic projections that leaned towards a more hawkish stance. Members of the Federal Open Market Committee (FOMC) maintained their...