From a technical point of view, XAU/USD is poised to extend its slump. The daily chart shows it met sellers around a bearish 20 Simple Moving Average (SMA), providing dynamic resistance at around the daily high of $2,036.80. At the same time, technical indicators resumed their declines within negative levels, gaining downward strength. Finally, the 100 and 200...
Today Gold is fall today Gold move is best On the flip side, any meaningful strength beyond the $2,029-2,030 immediate hurdle might continue to confront stiff resistance near the $2,040-2,042 supply zone. Some follow-through buying, however, might negate the near-term bearish outlook and trigger a short-covering rally. The Gold price might then climb to the...
Gold price (XAU/USD) attracts some dip-buying near the $2,023-$2,022 ara on Wednesday and refreshes daily low during the early European session. The precious metal, however, remains confined in a familiar trading range held over the past four days and below the $2,040-$2,042 supply zone. Traders opt to wait for this week's important US macro releases – the Advance...
As seen clearly from the xau market, its a certain bullish movement to the 2040's and could break through to 2055. As seen on the daily time-frame, we are expecting a hammer candle by the end of the movement and then a retracement through the week. More insight would be published by then ✔️ BOOST 🚀, COMMENT 📑 and FOLLOW 🏷 for more helpful analysis 👍.....
Using chart patterns in analysis, its a clear bullish movementt/rally up till the 2040's and could create an uptrust after distribution clearing to the 2052-2055 range before a retracement is expected and then we hedge bullish again with the market. BOOST 🚀, COMMENT 📑 and FOLLOW 🏷 for more helpful analysis 👍....
Gold prices are being held back by the strong U.S. dollar, while weak physical demand for silver could be offset by the return of investment demand, according to the latest precious metals report from analysts at Heraeus. The analysts pointed out that USD strength was the major factor in keeping precious metal prices down last week.
Hello traders! This is my idea related to Gold H1. I see a very nice retracement from the resistance level. Also, the FVG on M15 was taken, and I expect a bullish move until the price of 2048, were we have a valid FVG. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your...
As Gold has been falling for the past few weeks. We could see momentum pick up in the direction of gold gaining in value. Since the BTC ETF's have been approved we saw a bit of a stabilized movement with the pair. With this sentiment & analysis we saw the safe haven.. gold drop..from the looks of what it happening currently it could technically still be on a...
Gold price (XAU/USD) has extended its correction on Wednesday as a hawkish commentary from Federal Reserve (Fed) Governor Christopher Waller has casted doubts about a rate cut by the central bank in the March meeting. Fed policymakers have been favouring interest rates to remain higher for longer, defying market expectations, amid a lack of confidence in inflation...
Hello Traders! In the previous analysis, I expected a retracement from the resistance level and I was looking for a short-trade from the OB. Now we can see a very clear retracement. A good opportunity to execute short trades for scalpers or on small time frames. Congrats to those who executed the trade. Traders, if you liked my idea or if you have a...
The recent market focus is still on geopolitical conflicts. The current Palestinian-Israeli conflict has exceeded 100 days, Israel continues its fierce offensive, and the Houthi militia threatens to respond to the US air strikes on Yemen. This makes global investment risks continue to rise, and gold is in economic turmoil. Performance has been strong during the...
Gold price (XAU/USD) witnesses a sell-off after failing to reclaim the weekly high above $2,060. The precious metal drops as investors reconsider the timeframe in which the Federal Reserve (Fed) may reduce interest rates. This comes after the release of the sticky Consumer Price Index (CPI) report for December, as well as hawkish comments from European Central...
Gold price is an inch far from recapturing a weekly high of $2,063 amid persistent bets that the Fed will cut interest rates in March. The precious metal delivered a sharp recovery after discovering strong buying interest while re-testing the crucial support around $2,040. The 14-period Relative Strength Index (RSI) has shifted into the upper range of 60.00-80.00,...
Gold price is aiming to reclaim weekly high as bets supporting Fed rate cuts deepen. Fears of stubborn US inflation have faded after a surprisingly soft PPI report. Deepening Middle East tensions have improved the appeal for safe-haven assets.
There is information to focus on this week. First, the US and British troops launched air strikes against Houthi armed targets in Yemen in retaliation for attacking merchant ships departing from the Red Sea. Tensions in the Middle East have intensified, stimulating geopolitical instability and also raising prices for gold. The possibility of rising. Second, last...
Gold started the week under modest bearish pressure but managed to erase its losses ahead of the weekend. Investors still see a strong probability that the Federal Reserve (Fed) will opt for a rate cut in March, not allowing US bond yields to push higher and supporting XAU/USD. Next week’s calendar will not offer any high-tier data releases from the US, but...
The gold market was moribund for the first half of the week, but contradictory U.S. CPI and PPI data pushed gold prices sharply down on Wednesday and back up on Thursday, while a sudden escalation of conflict in the Middle East on Thursday evening saw gold prices posting steady gains heading into the holiday weekend.
Gold prices and the Nasdaq 100 could be at risk of a larger downward correction following the latest set of consumer price and unemployment claims figures released on Thursday. This means that new all-time highs for the precious metal and the technology index may have to wait a bit longer.