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...
Hello traders.. gold has been making all time highs. The last all time high was created with consumer sentiment news that miss forecast for the USD last friday. Since then we've been going sideways and are currently in a 4hr range between 2,393 and 2,360. The weekly candle is bullish & the last 2 daily candles have closed bearish. The 1hr candle is currently...
Always good to measure against the DXY not just the USD value
Not perfect of course as it is mainly the Euro and Yen but still insightful.
Been watching the relationship for a while
currently breaking out to the upside
HVF theory means this should be a violent expansion
Target 1 coming up.
Kicking off the trading week, gold prices have rebounded sharply, opening at $2,361 per ounce—a $17 increase from last week's close. This uptick is largely influenced by the escalating geopolitical tensions in the Middle East, boosting demand for gold as a safe-haven asset.
Technical charts show that gold remains robust, consistently trading above the EMA 34 and...
Hey everyone, let's dive in and strategize for gold this week!
Last Friday, gold experienced a significant drop, plummeting nearly 1000 pips from $2431 to $2333. However, as we kicked off this week, gold quickly regained its momentum, similar to recent trends. Currently, the price hovers around $2360, having recovered 0.64% today, or about $15.
Despite recent...
Last week, gold prices fluctuated within the range of $2,300 to $2,360 per ounce until Wednesday. By Thursday, amid escalating tensions in the Middle East, the surge was palpable as gold hit a new peak above $2,400 per ounce. The momentum continued into Friday, reaching $2,431.59 per ounce before settling back down to around $2,355 to close the week.
Geopolitical...
China continues to purchase Gold,
adding 23 Tons of the precious metal just the last month,
according to the World Gold Council.
Since November,
China has accumulated more than 180 Tons of Gold,
equating its official Gold State Reserves to around 2,136 Tons.
Hey everyone! Quick update: Gold was on a wild ride yesterday, dropping to $2,330 and then surging up to $2,392, netting a cool $62 gain in no time. That’s some solid proof that gold's still got its mojo despite all the market madness.
With U.S. inflation heating up, it looks like the Fed might hold off on any big monetary moves, which only strengthens gold’s...
Hello everyone! Yesterday, gold saw a dramatic swing, plummeting to $2,330 only to make a swift and steady comeback to $2,392 as of now, marking an impressive $62 increase in a short span. This robust performance underscores gold's undiminished allure amidst these volatile times.
Amidst escalating U.S. inflation, the likelihood of the Federal Reserve (Fed)...
Shortly after the futures market opened, gold reached our long-time-awaited price target of $2,300 and established a new all-time high at $2,305 before retreating slightly lower. We continue to be bullish on gold in the long term and believe it can reach significantly higher price tags ($2,500 and higher) due to future rate cuts, sticky inflation, and a weak U.S....
Gold (June) / Silver (May)
Gold, yesterday’s close: Settled at 2348.4, down 14.0
Silver, yesterday’s close: Settled at 28.052, up 0.068
Yesterday’s warm CPI and weak 10-year auction paved the way for a much-needed consolidation day for Gold and Silver. Still, the precious metals complex battled valiantly, exuding bull market trends within the intraday...
Hello, beautiful souls! 🌟 Today, gold's gleaming journey continues as it scales new record highs, powered by central bank buying across Asia.
A recent report unveiled a dazzling move by the People's Bank of China, adding a golden stash of 160,000 ounces to its reserves in March. Not to be outdone, Turkey, India, Kazakhstan, and several Eastern European nations...
This arc is showing positive signs for the remainder of the calendar year. If it can stay within the arc this summer, $2600 before the end of the year is quite possible.
Gold price today drops gently, the price has a peak to create a high price and slightly retreats to $ 2272 after reaching US $ 2300 at the beginning of yesterday.
Accordingly, the forecast of the direction of gold in the coming time, solid economic data and "persistent" inflation may force the Fed to maintain a positive monetary policy throughout the summer, but...
Greetings, golden enthusiasts! 🌟 Amid a cooling US Dollar Index, the lustrous appeal of gold endures, with today's trading anchoring the precious metal at an impressive $2,345—an uptick of 0.26% for the day.
Yet, with a series of consecutive ascents, gold faces the tides of profit-taking. Despite this, the metal's glow is far from dimming, buoyed by three...
Many analysts have spotted the cup and handle pattern made by Gold (
OANDA:XAUUSD ). However, the handle pattern looks as if it's morphed into an inverse head and shoulders pattern. If correct then bulls will have to wait well over a year for a breakout.
Let's see.
