Gold retest 2051) down 👇)2000) confirm zooon)💥💥
Hello traders what do you think about gold ?
Gold break support levels)
now gold retest same time rsl)
2051) same) back down 👇)
Support levels 2000) I know)
Dxy index ☝️ back up rsl 104.
Gold ticks up on weaker US dollar, bond yields
Dec 5, 202311:36 GMT+5
KEY POINTS:
DollarDXYindex down 0.1%
Gold may test support of $2,009 per ounce - technicals
Investor focus shifts to US non-farm payroll on Friday
Gold prices rose on Tuesday as the U.S. dollar and Treasury yields fell after traders slightly pared bets for an interest rate cut by the Federal Reserve in the first quarter of 2024.
Spot gold
GOLD
gained 0.2% to $2,032.70 per ounce by 0750 GMT. Bullion had surged to an all-time high of $2,135.40 on Monday, before dropping more than $100 in a single day to close 2% lower.
U.S. gold futures
GOLD
for February delivery rose 0.5% to $2,051.70.
Making gold less expensive for other currency holders, the dollar index
DXY
fell 0.1%, while yields on 10-year Treasury notes
US10Y
slipped to 4.2375%.
Investors are awaiting the closely watched U.S. non-farm payrolls data on Friday, which could help further gauge the interest rate outlook.
Lower interest rates reduce the opportunity cost of holding non-interest-bearing bullion.
Gold ticks up on weaker US dollar, bond yields
Dec 5, 202311:36 GMT+5
KEY POINTS:
DollarDXYindex down 0.1%
Gold may test support of $2,009 per ounce - technicals
Investor focus shifts to US non-farm payroll on Friday
Gold prices rose on Tuesday as the U.S. dollar and Treasury yields fell after traders slightly pared bets for an interest rate cut by the Federal Reserve in the first quarter of 2024.
Spot gold
GOLD
gained 0.2% to $2,032.70 per ounce by 0750 GMT. Bullion had surged to an all-time high of $2,135.40 on Monday, before dropping more than $100 in a single day to close 2% lower.
U.S. gold futures
GOLD
for February delivery rose 0.5% to $2,051.70.
Reuters Graphics
Thomson Reuters
Spot gold price in USD per oz
Making gold less expensive for other currency holders, the dollar index
DXY
fell 0.1%, while yields on 10-year Treasury notes
US10Y
slipped to 4.2375%.
Even after the dramatic moves in gold prices over the past 24 hours, "for now, the overall trend for gold still looks bullish," said Ilya Spivak, head of global macro at Tastylive.
A wave of profit-taking seems to have been triggered after gold rallied at the weekly open, to catch up to Fed Chair Jerome Powell's dovish comments from Friday, along with "pre-positioning ahead of this week's event risk," added Spivak.
However, traders have lowered their Fed rate cut bets by March next year to about 60%, from 70% on early Monday, CME's FedWatch Tool shows.
Investors are awaiting the closely watched U.S. non-farm payrolls data on Friday, which could help further gauge the interest rate outlook.
Lower interest rates reduce the opportunity cost of holding non-interest-bearing bullion.
The Middle East conflict and the fear of it spreading has driven money into the yellow metal, said FXCM market specialist Russell Shor.
Spot gold may test support of $2,009 per ounce, a break below which could open the way towards $1,980, according to Reuters technical analyst Wang Tao.
❤️ Plaes like and comments My trading ideas 💡 thanks 🙏 for your support)
Gold break support levels)
now gold retest same time rsl)
2051) same) back down 👇)
Support levels 2000) I know)
Dxy index ☝️ back up rsl 104.
Gold ticks up on weaker US dollar, bond yields
Dec 5, 202311:36 GMT+5
KEY POINTS:
DollarDXYindex down 0.1%
Gold may test support of $2,009 per ounce - technicals
Investor focus shifts to US non-farm payroll on Friday
Gold prices rose on Tuesday as the U.S. dollar and Treasury yields fell after traders slightly pared bets for an interest rate cut by the Federal Reserve in the first quarter of 2024.
Spot gold
GOLD
gained 0.2% to $2,032.70 per ounce by 0750 GMT. Bullion had surged to an all-time high of $2,135.40 on Monday, before dropping more than $100 in a single day to close 2% lower.
U.S. gold futures
GOLD
for February delivery rose 0.5% to $2,051.70.
Making gold less expensive for other currency holders, the dollar index
DXY
fell 0.1%, while yields on 10-year Treasury notes
US10Y
slipped to 4.2375%.
Investors are awaiting the closely watched U.S. non-farm payrolls data on Friday, which could help further gauge the interest rate outlook.
Lower interest rates reduce the opportunity cost of holding non-interest-bearing bullion.
Gold ticks up on weaker US dollar, bond yields
Dec 5, 202311:36 GMT+5
KEY POINTS:
DollarDXYindex down 0.1%
Gold may test support of $2,009 per ounce - technicals
Investor focus shifts to US non-farm payroll on Friday
Gold prices rose on Tuesday as the U.S. dollar and Treasury yields fell after traders slightly pared bets for an interest rate cut by the Federal Reserve in the first quarter of 2024.
Spot gold
GOLD
gained 0.2% to $2,032.70 per ounce by 0750 GMT. Bullion had surged to an all-time high of $2,135.40 on Monday, before dropping more than $100 in a single day to close 2% lower.
U.S. gold futures
GOLD
for February delivery rose 0.5% to $2,051.70.
Reuters Graphics
Thomson Reuters
Spot gold price in USD per oz
Making gold less expensive for other currency holders, the dollar index
DXY
fell 0.1%, while yields on 10-year Treasury notes
US10Y
slipped to 4.2375%.
Even after the dramatic moves in gold prices over the past 24 hours, "for now, the overall trend for gold still looks bullish," said Ilya Spivak, head of global macro at Tastylive.
A wave of profit-taking seems to have been triggered after gold rallied at the weekly open, to catch up to Fed Chair Jerome Powell's dovish comments from Friday, along with "pre-positioning ahead of this week's event risk," added Spivak.
However, traders have lowered their Fed rate cut bets by March next year to about 60%, from 70% on early Monday, CME's FedWatch Tool shows.
Investors are awaiting the closely watched U.S. non-farm payrolls data on Friday, which could help further gauge the interest rate outlook.
Lower interest rates reduce the opportunity cost of holding non-interest-bearing bullion.
The Middle East conflict and the fear of it spreading has driven money into the yellow metal, said FXCM market specialist Russell Shor.
Spot gold may test support of $2,009 per ounce, a break below which could open the way towards $1,980, according to Reuters technical analyst Wang Tao.
❤️ Plaes like and comments My trading ideas 💡 thanks 🙏 for your support)
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wow 170 pips hit
