According to the latest data from the World Gold Council (WGC), gold demand in the first quarter (excluding OTC demand) decreased by 5% over the same period to 1,102 tons, due to capital inflows from exchange-traded funds. Gold-backed ETFs continue to flow out. While including the sizable OTC buying activities of investors, total gold demand increased by 3% over...
Hello all dear traders! Let's discuss and strategize our new day! The end of the week above the 2,300 USD mark shows significant achievements and a positive short-term outlook for this metal. However, gold's decline is expected to deepen if purchasing power in Asia decreases. Talking about the medium term, I still maintain strong belief that the technical...
The price of gold dropped to $2,227 following the release of the report on non-farm payrolls and unemployment rate. However, afterwards, gold continued to trade steadily and ended the session around $2,300. While the price remains in a downward trend, there is potential for short-term recovery as it approaches the trendline. Nevertheless, if the price continues...
Hello all dear traders! Gold prices struggle to gain any meaningful traction and trade within a tight channel near $2,300. The Fed is less hawkish outlook dragged the USD to a multi-week low and supported XAU/USD ahead of key US NFP data. In the current context, the possibility of price increase is possible but it is unlikely to last long as it approaches the...
Hello all dear traders! Currently, gold price is fluctuating around 2301 USD unchanged compared to yesterday's trading session, continuing to stabilize its strength above 2300 USD. In general, in the short term, the fact that the US Federal Reserve (FED) has not lowered interest rates will reinforce the appreciation of the USD, thereby causing gold to more or...
Gold price trend changes during yesterday's US non-farm payrolls news. Golden track: 2294--------2320.7--------2277.5--------2302 As I said in my last post. We divide it into two ranges 2280-2230. Transactions other than 2280-2230. The previous pressure prices were 2292-2295 2280-2283 2317-2319. Therefore, we can sell high and buy low to complete yesterday's...
Gold traded below the $2,300 mark during Friday's U.S. trading session following the release of the Nonfarm Payrolls and Unemployment Rate report. However, gold still maintained stability and closed the session around the $2,300 level. On the daily chart, gold continues to show an upward trend, despite dipping to $2,227. Technical indicators are still supportive...
Hello everyone, Brian here. Today, gold ends the trading week hovering around the $2,300 mark during the Friday session in the U.S. The 10-year U.S. Treasury yield remains just below 4.6% following weak U.S. data. Despite this, an improved risk sentiment has prevented XAU/USD from gaining any significant momentum.
XAUUSD trading strategy: In summary, after being under profit-taking pressure around the 2400 USD level, XAUUSD is still continuing to stabilize in a descending price channel on the H4 chart, which shows that the medium-term outlook tends to be favorable for the sellers gradually become stronger. The current fundamentals are negative and it is likely that the...
Hello all dear traders! Gold prices today continued to consolidate at high levels with a steady upward trend above the $2,300/ounce mark in overnight trading after the US Federal Reserve (FED) quashed expectations of any interest rate hikes. What's next - this pulled the dollar lower and brought some relief to commodity prices. However, the prospect of US...
Hello all dear traders! Prices continue to consolidate around the 2,300 USD area before the news that NFP is about to be released. The fundamental and technical overview is down. What should we expect next? As it is scheduled news today, anything could happen, such as a shake towards 2328 before a further drop to 2250 or an attempt to break trend resistance.. .
Hello everyone, it’s Friday again. Today is the last trading day of the week. Friday's trading is usually the most complicated and today there is news on the US April non-farm payrolls data and the US April unemployment rate. We need to do a split on today's transaction. Let everyone know how to proceed with today's transaction. Gold prices have been trading...
Hello everyone, as of now, gold prices are hovering around the $2300 mark without much variation from previous trading sessions. The precious metal seems to be in a consolidation phase, sitting in a narrowing wedge pattern and waiting to decide on a new direction as the market eagerly anticipates the Non-Farm Payrolls report. Any significant breakout could lead...
Hello everyone, let's explore today's gold price situation! Yesterday, gold experienced significant fluctuations in response to two major news events: the Non-Farm Payrolls report and the unemployment rate. Following these updates, gold prices initially surged to $2320 USD, then dropped to $2277 USD, before finally stabilizing around the $2300 USD mark. However,...
The trend of gold today is particularly cautious. It has basically been oscillating in a narrow range around the 2300 position and is waiting for guidance from NFP data. As for how to view the NFP market, I have shared my detailed views in my previous article. In general terms, I am still bearish on gold, and I tend to be short on gold in my trading. Judging...
Introduction - This continues directly from NFP SWING 2315-2275 POST. Details - This is a sharper move down that carry more bearish implications for intermediate outcomes. Let's get this up first and continue from there. I am keeping this post public until I fix the tg link problem. For whatever reasons, it is not letting people join so, kind of a nightmare...
MATICUSDT I think it is wrong to write a currency in a view for ascending or descending The matic currency is likely to follow this road map, so this is a personal opinion and analysis, you can enter with your own strategy and opinion.
FX:XAUUSD decreases volatility, smoothly moving into a consolidation phase before the publication of NFP. The market structure is bearish and the overall fundamentals are negative. What should we wait for? Today is quite a busy news day, but all attention is focused on NFP. The gold market is locally bearish and set for further decline. Breakout of 2295 and...