Gold is now in a downward trend, but we must pay close attention to the impact of today's US CPI on the trend of gold, which will determine the price of gold. If CPI is good for gold, then I think gold will rise in the short term. If CPI is bad for gold, then gold will once again test the support point near 1884. My suggestion is to wait for the CPI news...
Last Friday, the gold market as a whole experienced a narrow range of shocks around the 1930 mark. During the Asian and European trading sessions, the price quickly shot up and broke through the 1927 mark, but then encountered suppression and fell back, falling further and falling into sideways fluctuations. It began to fall rapidly in the US market, but...
In the U.S. market on Monday, as the U.S. dollar fell back ahead of the release of key U.S. inflation data this week, gold prices rose, once exceeding 1930, and were expected to have their best trading day in the past two weeks. The U.S. dollar remains weak, while gold is trying to hold on to the 1920 mark. This week's economic calendar has less data, and the...
Yesterday, the gold market opened around 1922 in early trading. Afterwards, the market rose slightly to 1924.5. Afterwards, the market fluctuated strongly and fell back below the 1915 support mark. After that, the market reached as low as 1907.64. Afterwards, the market consolidated and the daily line finally closed at 1913.5. Wednesday: Gold rebounded at the...
The US consumer price index (CPI) is expected to increase 0.5% month over month, which is an improvement from the previous month's reading of 0.2%. Meanwhile, the core CPI figure, which excludes volatile food and energy prices, is forecast to remain steady at 0.2%. These numbers could provide insight into overall inflation trends in the US economy and could have...
Introduction: In the world of trading, where uncertainty often reigns supreme, gold has long been viewed as a safe haven and a reliable hedge against inflation. However, recent developments have left traders in a state of flux as a mixed inflation report has caused gold prices to dip. In this article, we urge traders to exercise caution and take a momentary pause...
Today I have given you ideas for trading gold. We can go long gold near 1908 in advance and wait for gold to rebound. And short gold before the CPI data is released. After the CPI data was released, gold fell to a minimum of around 1905. Obviously, we made a lot of profits by first going long gold and then going short gold. According to the current structural...
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 Holds Steady Amidst Dollar Retreat, But Faces Downward Pressures The price of gold has been treading water, hovering around $1,927 per troy ounce in the early hours of the Asian trading session on Monday. While the precious metal is managing to stay near the previous week's close, it faces challenges from multiple fronts, including a retreating US...
GOLD Today will move under the CPI effect reminding you that, consolidation under 1910 is important to achieve the suggested targets as breaching it will push the price to build a bearish wave to reach 1902, 1896, and 1884 As for renewing bullish attempts, consolidation above 1910 will support the price to rise up again and recover its positive momentum to...
GOLD today will move under the CPI effect if it is below 1914 the direction downwards going until it reaches 1912 and 1905 then 1902 if it falls above 1922 the direction is going to touch 1926 again and 1932 Resistance Price: 1926 & 1932 & 1938 Support price: 1917 & 1912 & 1905 timeframe: 4H ❤️Please, support my work with like, thank you!❤️
Spot gold rose slightly on Friday and is currently around 1926. After the ISM non-manufacturing index on Wednesday showed that the service industry is still strong, the number of initial jobless claims released on Thursday hit a six-month low, which also showed that the labor market is still resilient, once again strengthening the market's tightening expectations...
We see that gold has risen from the area of 1909-1907 GOLD BUY 1909.46 TP 1913 TP 1916 TP 1920 SL 1906
Since 1987, gold has fallen along the downward channel to the 1884 line, with a drop of more than 100 US dollars. We also followed the trend and fell back. After the gold broke through 1900 yesterday, the highest reached the 1904 line. In the US market, it fell back to the 1889 line again, washing out a wave of multiple orders , I personally think that the...
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Today, we shorted gold in the 1923-1925 area, almost grasping today's highest point, and obtained relatively good profits. At present, gold has dropped to a minimum of around 1908. I once again inform everyone to go long gold around 1910-1908. Gold has currently rebounded to a maximum of around 1915. Although it has fallen back, we still have some profits. Have...
#GOLD... market placed 1907 as day low and bounced back arround 7 points. tomorrow is CPI day, it will be very important specially for #GOLD. before CPI maybe market trade in range if its happen then expected range will be 1914 and 1909. 1909 will be area of the day, it will be your key level, keep close it. holding of 1909 mean you can see again 1920 or...
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