Gold prices in early Asian trading have inched higher. Analysts from Ping An Securities attribute this uptick to increased demand for the safe-haven asset, driven by the release of weak August manufacturing PMI data in the U.S. last week. However, the precious metal's performance may face downward pressure as U.S. initial jobless claims for the week ending August...
On Friday, as investors prepared for a closely monitored U.S. jobs report following a series of strong economic data that had pushed Treasury yields to their highest point in nine months, gold prices appeared to be heading for their most unfavorable week in six. OANDA:XAUUSD BUY LIMIT 1931- 1933🕯 ✅ TP1: 1937 ✅ TP2: 1942 ❌ SL: 1926
In the last 48 hours, gold prices have experienced a decline of nearly -1.7 percent. This downward movement coincides with a surge in longer-term US Treasury yields, particularly noticeable in the 10- and 30-year bonds. XAU/USD, often functioning as an anti-fiat instrument, has exhibited an inverse correlation to a blend of the US Dollar and Treasury...
On Wednesday, gold prices experienced a slight increase due to the weakening of the U.S. dollar and Treasury yields following Fitch's downgrade of the country's credit rating. This move dampened confidence in the economy, especially in anticipation of crucial data to be released later in the week. OANDA:XAUUSD BUY LIMIT 1945 - 1943 🕯 ✔️ TP1: 1950 ✔️ ...
Monday saw gold prices set to achieve their most substantial monthly increase in four months. This boost was driven by mounting speculations that major central banks are approaching the conclusion of their ongoing monetary policy tightening measures in their battle against inflation. OANDA:XAUUSD SELL LIMIT 1960 - 1962🕯🕯 ✅ TP1: 1955 ✅ TP2: 1950 ✅ ...
Following a week of significant employment reports, the focus this week shifts back to inflation data, specifically with the release of the U.S. June Consumer Price Index (CPI) on Wednesday, followed by the Producer Price Index the following day. Investors will be closely observing any declines in inflation that could provide justification for the U.S. central...
Gold prices were poised for a fourth consecutive weekly decline on Friday, as investors anticipated that the Federal Reserve would maintain higher interest rates for an extended period, which negatively impacted the non-yielding bullion. Key factors influencing the market include: Spot gold held steady at $1,911.85 per ounce as of 0023 GMT, registering a 0.4%...
Bitcoin's price continues to slide, dropping below the $30,000 mark and displaying several bearish indicators that suggest a further decline towards the support zone at $28,400. The ongoing downward movement of Bitcoin is taking it below the support level at $30,500. Additionally, it is trading below both $30,300 and the 100-hourly Simple Moving Average. On the...
Initially showing strength and the potential for new record highs, gold (XAU/USD) in the commodities market eventually faced a sell-off, resulting in a 2.5% decline over the second quarter. This decline was primarily driven by rising yields caused by a more hawkish stance from the Federal Reserve, which adjusted its monetary policy outlook due to persistent...
AUDNZD SPCE
Gold prices reached their lowest point in over three months on Wednesday due to diminished interest in the yellow metal, caused by expectations of further interest rate hikes by central banks later this year. Price movement Factors influencing the market "Essentially, the sole driving force behind the gold market...has been the rhetoric and actions of the...
⚡𝗔𝘁𝘁𝗲𝗻𝘁𝗶𝗼𝗻 𝗧𝗿𝗮𝗱𝗲𝗿𝘀! 𝗥𝗲𝗮𝗱𝘆 𝘁𝗼 𝗧𝗿𝗮𝗱𝗲 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝐆𝐨𝐥𝐝 𝐌𝐚𝐬𝐭𝐞𝐫 ⚡ Gold sell now 1951 Target 1945 Target 1940 Target 1924 Stop loss 1966 👉 We do always hard work for Guys
Hard to put my finger on it but this should go down from here. Its a tight situation going on here. What ever will be will be soon. Hanging off the emas as though the candle is on a cliff, can you see it.
This is my view on some few selected pairs to be trade for the week ahead , also are some recap of trades we took last week
Hello traders! In my opinion, in short term this pair is buy. Target: Buy 1.0733 ; 1.0790 Be careful and wait for a confirmation! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
USDCHF sell Entry : 0.92697 Stop : 0.93480 , Target1 : 0.91913 , Target2 : 0.91144 Risk/Reward Ratio : 2
this is my Technical Analysis on DXY today and until next week, based on my TA, support will going to break because of H&H Pattern in the daily timeframe. I will recommend that go long as fast as you can at GBPUSD, EURUSD, GOLD spot. if support has confirm break of structure