Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves Symmetrical Triangle as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line Impulse Correction Fibonacci Level - 61.80% Break of Structure
World gold prices inched up slightly with spot gold increasing by 5.7 USD to 2,176.5 USD/ounce. Gold futures last traded at 2,177.6 USD/ounce, up 4.6 USD compared to yesterday morning. The world gold market fluctuated slightly as investors were still waiting for US inflation data later this week to know more about when the US Federal Reserve (Fed) will begin to...
The key market trends this week may not come until Thursday, when the U.S. will release weekly initial jobless claims data and the U.S. core personal consumption expenditures (PCE) price index data will be released on Friday. Market reaction to the PCE data may not be seen until next week due to the Good Friday holiday. On Tuesday, we need to focus on the...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel as an Corrective Pattern in Short Time Frame and Rejection Upper Trend Line RSI - Divergence Break of Structure Fibonacci Level - 61.80% Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
World gold prices increased with spot gold increasing by 7.5 USD to 2,170.8 USD/ounce. Gold futures last traded at 2,173 USD/ounce, up 13.2 USD compared to yesterday morning. Prices for the yellow metal rose slightly in early trading as investors awaited key economic data and comments from US Federal Reserve (Fed) officials this week for further confirmation....
Focus on this week On Monday, the annualized total of U.S. new home sales in February, the Dallas Fed business activity index, and a speech by Fed Governor Lisa Cook On Tuesday, the monthly rate of the U.S. house price index, the annual rate of the house price index of 20 major cities, the Conference Board consumer confidence index, and the Richmond Fed...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Symmetrical Triangle Impulse Correction
Greetings, fellow traders! The EURUSD session wrapped up with a notable dip, tentatively closing near the 1.0800 mark. EURUSD has reached a critical support level; a breach here could signal a deeper dive towards an anticipated floor around 1.070. The trendline remains active, suggesting that the technical outlook still favors potential downward movements, as...
The current trend of the daily MACD fast and slow lines is downward, coupled with the correction after the RSI overbought divergence, are all signals for short-term adjustment. However, only if it falls below the starting point of the 2156 interest rate decision, it will be considered a complete downward trend. The trend line The support is at 2162, so the...
Hello, dear friends! Let's dive into today's gold price together! Yesterday, gold experienced a downturn, adjusting after reaching an all-time high. The price is currently hovering around $2175 USD, marking a $30 decrease from the day before. The retreat in gold prices coincides with the resurgence of the US dollar. A shift towards risk-taking and a diminished...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves Falling Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement RSI - Divergence Break of Structure
World gold prices decreased slightly with spot gold down 5.1 USD to 2,181 USD/ounce. Gold futures last traded at 2,183.9 USD/ounce, down 5.6 USD compared to yesterday morning. Although almost unchanged compared to yesterday morning, the price of the yellow metal has dropped sharply during the day. On March 21 (US time), gold continuously conquered record highs...
Greetings, cherished companions, Today, gold is trading steadfastly above the $2200 mark, sustaining its upward momentum with a recovery of nearly $18 in the early trading hours. Yesterday's news brought another round of optimism as the Fed Chairman hinted once again at potential rate cuts within the year, bolstering traders' confidence and triggering a flurry...
The Federal Reserve kept interest rates steady on Wednesday, but policymakers signaled they still expect to cut interest rates by 75 basis points by the end of 2024. Three rate cuts are expected this year, according to the latest median economic forecast, but overall they are down from three months ago. Become more hawkish at one time forecast. Powell said it...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed Impulsive Waves " 12345 " Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short and Long Time Frame Falling Wedge in Short Time Frame
Greetings, everyone. Today, the price of gold hovers around $2058 USD, much unchanged from this time yesterday, yet the market sentiment leans toward a continued decline. The Federal Reserve is widely expected to hold interest rates steady on Wednesday, with forecasts predicting a steady rate of 5.5%. However, traders are now shifting their focus to hints of...
As dawn breaks over the European trading session this Wednesday, gold (XAU/USD) strives to gather momentum within a tight range, holding its ground above the $2150 mark. The pulse of speculation quickens, fueled by last week's robust US consumer and producer inflation data, which signals the Federal Reserve's inclination to sustain a higher interest rate...
The hot spot in the market today is the Federal Reserve's interest rate decision. Although the market is generally expected to keep interest rates unchanged on Wednesday, the market is waiting for comments from Federal Reserve Chairman Powell after the meeting to understand the Federal Reserve's latest interest rate expectations. The probability of the Fed...