World gold prices continued to increase with spot gold increasing by 14 USD to 2,159.4 USD/ounce. Gold futures last traded at 2,167.3 USD/ounce, up 9.1 USD compared to yesterday morning. World prices of the yellow metal extended their rally to an all-time high on Thursday as comments from US Federal Reserve Chairman Jerome Powell at a congressional hearing...
Hello everyone, delighted to reconnect in today's discussion on gold prices! Gold is currently being traded around the mark of $2,145.560 per ounce, marking an increase of $17.995 per ounce from yesterday. This continuous uptick in today's trading session is driven by the anticipation of the U.S. monetary easing. Gold is poised for a robust short-term rise as the...
Gold prices (XAU/USD) have capitalized on recent momentum, touching a new record high around $2,152 on Wednesday. This surge came amid expectations of an imminent policy shift by the Federal Reserve. Fed Chair Jerome Powell's comments bolstered these expectations, indicating a potential cut in benchmark interest rates by year's end. However, Minneapolis Fed...
n testimony before Congress on Wednesday, Powell said he expected the Federal Reserve to cut interest rates and that a U.S. recession was unlikely, but he stopped short of committing to any timetable for easing policy because he was unsure of further progress in lowering inflation. Data showed that U.S. private employment growth was slightly lower than expected...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 123 " Impulsive Waves Bullish Channel as an Corrective Pattern in Short Time Fame RSI - Divergence Break of Structure Fibonacci Level - 261.8%
World gold prices continued to increase with spot gold increasing by 18.2 USD to 2,145.4 USD/ounce. Gold futures last traded at 2,153.7 USD/ounce, up 12.7 USD compared to yesterday morning. World yellow metal prices continued their upward momentum to record levels on March 6 (US time) as the market increasingly bet that the US Federal Reserve (Fed) will loosen...
Welcome back to our fresh conversation about the gold price outlook for the upcoming week. Last week, gold witnessed a remarkable surge, climbing continuously from $2035 to $2088 and maintaining a stable price around $2080 during the early trading hours of Monday. Looking forward and formulating strategies and predictions for this week: A survey involving 14...
GOLD UPDATE: Gold prices (XAU/USD) have soared to a nine-week high, just below the $2,100 threshold, at the start of Monday's trading session in Asia. Speculation about possible interest rate cuts by the end of this year has been fueled by less-than-stellar economic data from the US last Friday. Furthermore, a decline in US Treasury yields has also propelled the...
Gold trades in positive territory at around $2,140 and stays within a touching distance of a new record high. The benchmark 10-year US Treasury bond yield is down nearly 1% on the day below 4.2%, allowing XAU/USD to preserve its bullish momentum. Gold price falls gradually after failing to test the all-time high near $2,145. The yellow metal trades inside...
Hello fellow traders. Today i was expecting great impulsive movement to the downside but the gold kept the rise. But for now I'll be looking for a short sell on gold till further breakout on HTFs. Let me know your thoughts 🙏📉
Today, the market will focus on the impact of Federal Reserve data and will pay close attention to Federal Reserve Chairman Powell's testimony before Congress to further clarify the path of U.S. interest rates. The next important U.S. economic data will be the February non-farm payrolls report on Friday. Yesterday, gold reached a maximum of around 2142 and a...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Almost Completed " 123 " Impulsive Waves RSI - Divergence Break of Structure Fibonacci Level - 261.8% Rising Wedge as an Corrective Pattern in Short Time Frame
World gold prices continued to increase with spot gold increasing by 12.1 USD to 2,127.2 USD/ounce. Gold futures last traded at 2,136.4 USD/ounce, up 10.1 USD compared to yesterday morning. World gold prices continue to surge as the market becomes increasingly certain that the US Federal Reserve (Fed) will loosen monetary policy in June after a series of weak...
HELLO FRIENDS As I can see GOLD is preforming a harmonic pattern cup shape and on daily TF it already had tested a support zone near 2K$ and now looking for a new bull run higher inflation still remains and investors always choose safe haven in these type of Geopolitical situations its also hard for US to early rate cuts in Q1 so this is based on technical...
Last week's weaker-than-expected data was the main driving force for the rise in gold prices, including the possibility of an escalation in the current geopolitical conflict, which also pushed up gold's safe haven. Therefore, combined with the influence of various factors, gold has room to rise during this period. . The focus of the market this week is to pay...
World gold prices increased sharply with spot gold increasing by 34.9 USD to 2,115.1 USD/ounce. Gold futures last traded at 2,124.4 USD/ounce, up 28.7 USD compared to yesterday morning. World yellow metal prices reached a 3-month high at the beginning of the week, boosted by increased expectations that the US Federal Reserve (Fed) will loosen monetary...
This week is a data cycle, and we need to pay attention to the release of the February non-farm payrolls report during the week. Gold may face major tests and abnormal fluctuations. At the same time, the market will pay close attention to the content of Federal Reserve Chairman Powell’s two-day testimony before Congress. Gold cannot only look at the current...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of Upper Trend Line Rejection from Resistance Level RSI - Divergence Completed " 123 " Impulsive Waves