First, let’s summarize this week’s trading situation. There were a total of 22 transactions in this week’s trading day, of which 3 transactions suffered losses, with a total loss of about $3.4K. Almost all of the other 19 transactions were made by hitting TP and making a profit. It is about FWB:67K , so the net profit this week is $63K, and the trading winning...
Prices fell on Monday as investors cautiously moved away from risky assets and braced for a series of speeches this week by Fed officials, including Chairman Jerome Powell, to provide a clearer view on the Fed's interest rate cuts.
Spot gold contracts fell 0.7% to $1,979.19/oz after breaking through the key threshold of $2,000/oz on Friday. US gold futures fell...
I see two trend lines and want to see them break to catch a sell position. Gold may be going to range between highs and lows. So I look for sell near highs and look for buy near lows.
Technical:
The near–term support is around $1940, violation below targets $1922/$1910/$1895/$1877/$1850/$1800. Significant reversal only below $1750.The yellow metal faces strong resistance of $1965, any breach above will take to the next level $1977/$2000/$2020.
It is good to sell on rallies around $1949-50 with SL around $1966 for TP of $1900.
Technical:
The near–term support is around $1930, violation below targets $1910/$1895/$1877/$1850/$1800. Significant reversal only below $1750.The yellow metal faces strong resistance of $1950, any violation above will take to the next level $1960/$1977/$2000/$2020.
It is good to buy on dips around $1950 with SL around $1895 for TP of $2000.
Technical:
The near–term support is around $1910, violation below targets $1895/$1877/$1850/$1800. Significant reversal only below $1750.The yellow metal faces strong resistance of $1950, any violation above will take to the next level $1960/$1977/$2000/$2020.
Buy on dips around $1920-21 with SL around $1895 for TP of $2000.
Gold continues to trade lower on de-escalation of tension between Russia and Ukraine. Markets await Fed monetary policy this week for further direction. Any 50 basis point rate hike will pull yellow metal don below $1900.
Technical:
The near–term support is around $1960, violation below targets $1925/$1900. Significant reversal only below $1875.The yellow metal...
Gold lost nearly $100 from its record high at $2070 on easing geopolitical tension. The market mood remains upbeat as Ukraine said that he is no longer insisting NATO on membership. Markets eye US CPI for further direction. The surge in the US treasury put pressure on the yellow metals at higher levels.
Technical
The near–term support is around $1960, violation...
Gold made a U-turn from a 17-month high on the strong US dollar. The yellow metal was one of the best performers of this week and surged $75 on an escalation of geopolitical tension between Russia and Ukraine. US 10-year yield regained sharply after hitting a two-week low.
The US grew by 7% in the fourth quarter in line with estimates compared to 6.9% previous...
