Hello,Friends! SILVER pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 10H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 27.403 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
World gold prices dropped sharply when the US announced that the March CPI increased stronger than expected, both on a monthly and yearly basis. The US March CPI rose by 0.4% month-on-month and 3.5% year-on-year, surpassing forecasts. The core CPI also increased by 0.4% monthly and 3.8% annually, exceeding expectations. US real income in March increased by 0.3%,...
Precious metals on the world market quickly lost the threshold of 2,400 USD/ounce after achieving this record yesterday. Disappointing economic data is adding to solid safe-haven demand in the gold market. June gold futures last traded at $2,421.60 per ounce, up 2% during the session. According to the report, consumers see inflation in the United States rising...
World gold prices tend to decrease with spot gold down 3.2 USD compared to last week's closing level to 2,340.7 USD/ounce. The world gold market has just had an exciting week when records were continuously "broken". In particular, on Friday, gold prices fluctuated up to 98 USD. This price increase is second only to the price increase in December last year that...
Gold prices fluctuate sharply up and down but follow a gradual upward trend and sometimes reach close to 2,400 USD/ounce. Geopolitical tensions in the Middle East tend to increase when Israel announces it will retaliate against Iran. According to Qatar's Al-Jazeera TV channel, a senior US official said that Israel could attack targets deep inside Iranian...
Discover an enticing Buying opportunity in GOLD as it undergoes a critical retest of a key resistance area. With market analysis, technical indicators, and price action as your allies, evaluate the potential upside move. Stay vigilant and informed to capitalize on this precious metal's market dynamics.
Hello wonderful friends of Ralph Benjamin! International market information today: Gold prices increased again in the context of escalating geopolitics, especially in the Middle East. It is currently trading steady around the $2,370 mark, marking a 0.58% drop on the day. Overall, geopolitical uncertainty surrounding the growing chaos in the Middle East has...
The gold market heated up last week due to increasing geopolitical tensions. Israel is preparing for a potential attack from Iran, while Iran has vowed to seek revenge on Israel following an attack on their consulate in Damascus. This news is expected to drive safe-haven gold buying over the weekend. The US Department of Labor's report states that the producer...
Take a look at our analysis for GOLD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 2381.676. Considering the today's price action, probabilities will be high to see a movement to 2431.527. P.S Please, note that an oversold/overbought condition can last for...
Please, check our technical outlook for SILVER. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 28.764. The above observations make me that the market will inevitably achieve 27.302 level. P.S Please, note that an oversold/overbought condition can...
Hey everyone, quick take on the gold market: should we buy or sell today? Gold dipped hard yesterday below $2325 but bounced back fast, now chilling around $2383. It's close to its record high and doesn't seem to cool off. Despite the U.S. dollar and Treasury yields going up, gold is holding strong, probably because of the tensions in the Middle East and bets on...
Gold prices continued their upward trend for the third day this week, stabilizing above the significant price area of $2,371. Despite recent market volatility, gold has maintained its upward momentum, demonstrating the underlying strength of the buyers at this time. Having surpassed previous resistance levels and historical data, we now turn to the extended...
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 17 April 2024 Trade Idea 1 BUY LIMIT Order: $2380.72 Stop Loss: $2362.81 Take Profit 1: $2398.38 Take Profit 2: $2407.99 Trade Idea 2 BUY LIMIT Order: $2376.55 Stop Loss: $2362.81 Take Profit 1: $2398.38 Take...
Gold prices oscillated within a narrow range on Tuesday, remaining close to all-time highs. The worsening crisis in the Middle East has weighed heavily on investor sentiment, boosting the allure of this precious metal. Meanwhile, gold has remained resilient against a strengthening U.S. dollar, supported by a decline in U.S. Treasury yields from multi-month highs....
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 19 April 2024 Trade Idea 1 SELL LIMIT Order: $2376.98 Stop Loss: $2393.11 Take Profit 1: $2361.09 Take Profit 2: $2352.45 Trade Idea 2 SELL LIMIT Order: $2380.73 Stop Loss: $2393.11 Take Profit 1:...
Natural Gas Price Forecast | Oil, US Dollar, Silver, Gold Analysis
Silver needs to consolidate, and since the dollar will fall since Japan, South Korea and USA's Yellen agreed this week on it, they need to slam silver first to blunt the ascension and to shake out paper hands.
Gold (June) / Silver (May) Gold, yesterday’s close: Settled at 2388.4, down 19.4 Silver, yesterday’s close: Settled at 28.40, down 0.024 Gold has traded fairly constructive on the week given Friday’s sharp reversal but the overhead supply resulting from this reversal is apparent at major three-star resistance at 2404.3-2408.5 and 2412.9-2414.8. A close...