Gold has been rallying non stop lately for no clear reason as the name usual inverse correlation with real yields broke down There are talks of heavy central bank buying with China being at the forefront as it might be looking to de risk from US Treasury bonds In the big
The US dollar eased slightly after the US published strong jobs numbers on Friday. According to the Bureau of Labor Statistics (BLS), the economy created over 303k jobs in March, higher than last month’s 270k. The figure was higher than the median estimate of 212k. Additional data revealed that the unemployment rate retreated from 3.9% to 3.8% while the...
Gold gathered bullish momentum and climbed to a new all-time high above $2,320 on Friday. Although the upbeat March jobs report from the US helps the USD find demand, XAU/USD continues to benefit from escalating geopolitical tensions. Gold price (XAU/USD) drifts lower for the second straight day on Friday and maintains its offered tone through the early part of...
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The EUR/USD pair surged with bullish momentum during Wednesday's session, propelled by a robust bullish impulse. However, the price has now entered a potential reversal zone, characterized by a Double top formation on the H1 timeframe. Additionally, on the H4 chart, the price has reached the 61.8% Fibonacci level, accompanied by overbought conditions and...
Gold fell back after an unsuccessful attempt to stabilize above $2,300. Traders withdrew some profits after the strong rally. Gold is still in an overbought state so there may be more downward momentum in the near future. Prediction information from Nonfarm is currently inconsistent on one side when the Average Income Index / Hour is growing strongly at 0.3% but...
World gold prices fluctuated slightly with spot gold down 9 USD to 2,290.7 USD/ounce. Gold futures last traded at 2,310.5 USD/ounce, down 10 USD compared to yesterday morning. World yellow metal prices stabilized on April 4 (US time) after previously conquering an all-time high of over 2,300 USD/ounce thanks to expectations that the US Federal Reserve (Fed) will...
Xauusd buy The precious metal is staying poised in trading today despite the dollar also sitting higher on the session After hitting highlight a concerning trending progress only I think Xauusd more bullish
XAUUSD BUY opportunity 2360 Conversely should bulls reclaim firm command of the market, resistance awaits at as previously noted In case of a breakout prices would enter uncharted territory making it challenging to pinpoint potential resistance levels However a notable area of interest may lie at corresponding to an ascending trendline XAUUSD SELL opportunity 2200
Btcusd falls into The other important reason is that the US government may auction thousands of Bitcoins which it recovered following the collapse of Silk Road. The wallet holding these coins which are worth over $2 billion completed several transactions this week As a result this liquidation could lead to more Bitcoin supply which could affect its prices
Intraday bias in EUR/USD remains on the upside at this point Rise from is seen as the third leg of the corrective pattern from Further rally would be seen to resistance zone on the
Gbpusd There is nothing of high importance scheduled today concerning the GBP Regarding the USD there will be a release of Unemployment
Silver remain upward biased as depicted by successive series of higher highs and higher
GBPJPY opportunities going forward and therefore I like the idea of looking for value every time I can With this being the case I do believe that we eventually go looking back to the upsides and then try to get to the
Bitcoin BTCUSD price upward momentum is showing again following reports that Banks are approaching miners to BUY BTCUSD directly Meanwhile eyes remaining
Xauusd hes from gaining greater confidence to finally begin reducing borrowing costs gold may find itself in a more advantageous position to initiate its next leg higher Upside inflation risks evident in recent data however
XAUUSD highlight a concerning trend progress on disinflation is Stallings and possibly even reversing For this reason