The world gold price continued to increase slightly with spot gold up 7.1 USD to 1,971.2 USD/ounce. Gold futures in August last traded at $1,972.5 per ounce, up $8.8 from dawn the day before. Gold markets stabilized and reacted mildly after the US Federal Reserve (Fed) decided to raise interest rates by 25 basis points at its July meeting, paying the federal...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold price continues to test the resistance above $1,980/ounce. However, precious metals have no upside momentum. The Philadelphia Federal Reserve said the manufacturing sector was still struggling. The outlook for production and business in July is not very positive. The gold market did not react strongly to this disappointing economic data. The labor market...
Precious metal prices edged higher after the latest report showed US consumer spending fell last month. Specifically, according to the country's commerce ministry, retail sales rose 0.2 percent in June, after being revised up 0.5 percent in May. Economists forecast a 0.4 percent increase. Core sales (which omit vehicle sales) also fell short of expectations,...
While the gold project is expected to continue to be chased at current prices in March, Commerzbank thinks the precious metal will end the year with strong gains as the July yield surge popularizes. This will be the last rate hike by the US Central Bank in this tightening cycle. The bank forecasts prices will return to $2,000 an ounce by the end of the year as...
Hey Everyone, Please see our 4H chart updated Goldturn levels, targets and our updated Goldturn channels. Price finished off last week breaking out of the Descending Goldturn channel and now into the Ascending Goldturn channel (Our unique way of drawing channels). The switchover has been measured level to level with the Goldturns providing the support,...
Here is quick understanding about gold Gold had shown consolidation after it broke resistance near $1940 -$1935 range in recent market, which was due to the CPI report. The decrease in consumer inflation also resulted DXY prices to decrease, which led the gold to consolidate through out the day. As per the current situation the resistance level that is coming...
Precious metals prices started soaring from yesterday after the US development report showed the economic situation "cooled down", the dollar fell to the lowest level in nearly a year, ending hopes of the Federal Reserve. The US Federal Reserve (Fed) may pause the rate hike cycle sooner. Yields on US 10-year bonds were also at their lowest in more than a week,...
According to one market analyst, although gold prices are likely to fall and retest support below $1,900 an ounce early in the second half of the year, investors should not give up on gold. Edward Moya, senior market analyst at OANDA told Kitco News that developing a long-term expectation for gold that strengthens the labor market will weaken, ushering in a...
Gold price gains some traction and holds above $1,920 during an early Asian session on Monday. The weaker-than-expected US jobs data on Friday dragged the US dollar sharply lower across the board and benefited the Gold price. The US economy added jobs at a slower-than-anticipated pace in June, as the Labor Department reported on Friday that Nonfarm Payrolls...
looking at this analysis with the D1 time frame, the price is right at the strong resistance and the resistance is in direct contact with the trendline. This trendline forms a downtrend channel. I also see a hammer candle which we can interpret as one of the indicators of a rejection and the beginning of a possible reversal/correction. looking at the last 5...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bearish Channel in STF as an Corrective Pattern Completed " 12345 " Impulsive Wave Break of Structure Consolidation Phase RSI - Divergence S / R Level
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Symmetrical Triangle in STF as an Corrective Pattern Symmetrical Triangle Break of Structure Completed " 1234 " Impulsive Wave Bearish Channel as an Corrective Pattern in Long Time Frame Support Level
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Wave Impulse Correction SMC - CHoCH Bearish Channel in STF and LTF as an Corrective Pattern RSI - Divergence Break of Structure
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bullish Channel in Short Time Frame as an Corrective Pattern RSI - Divergence Fibonacci Level ( 61.80% - 78.60% ) S / R Level Completed " 12345 " Impulsive and " AB " Corrective Wave
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.