Basil_Trading

Basil_Trading

Hello my wife 🌷After last week's huge increase in gold prices, reaching impressive figures, sometimes reaching 1996 USD, at the beginning of this week we saw a slight decline in this precious metal. Gold is currently trading at 1967 USD and down about 13 USD during the day. 🌷Fibonacci is creating two support levels to help gold maintain its uptrend. 🌷Gold's...

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🌱Very nice recovery in the 1980 price range. Perfectly suitable for a long-term uptrend to continue 🌱Gold extended its weekly advance and climbed to the $1,990 area for the first time in five months on Friday. XAU/USD continues to benefit from safe-haven flows as investors look to mitigate risk, while a correction in US bond yields provides further...

Basil_Trading Updated 

Last night, world gold prices reached their highest level in the past 6 weeks of 1,960 USD/ounce. After that, the gold price cooled down and by 6 a.m. on October 19, it was trading at 1,950 USD/ounce, up 26 USD compared to the price at the same time the previous day of 1,924 USD/ounce. Risk aversion became deeper in the market as the military conflict in the...

Basil_Trading Updated 

🌸The important resistance level of 1984 is about to be broken, we are expecting a recovery period to 1863-1965 to make a buy signal. 🌸Gold prices are at their highest level since July, near $1,980, maintaining a continuous upward momentum early Friday. Gold prices continue to take advantage of escalating geopolitical tensions between Gaza and Israel, despite the...

Basil_Trading Updated 

The 1960 trend was not strong enough to hold back gold's rise. Chairman Powell's speech, 10-year US Treasury yields eased from multi-year highs set near 5% and allowed XAU/USD to find support. making gold looking to peak 2000 soon. Gold prices (XAU/USD) have gained strong positive traction to their highest level since early August, around the $1,962-1,963 area...

Basil_Trading Updated 

🌼Hello dear friends! In today's trading session, the price of gold reversed and increased slightly, trading around 1939 USD, as predicted yesterday. Although gold falls, the gold market will continue to attract safe haven flows due to the Israel-Hamas conflict. 🌼About expectations: Gold will fluctuate above the $1,900/ounce range until there is some sort of...

Basil_Trading Updated 

🌼Gold price trades in a narrow range as investors digest tensions in the Middle East. Fed policymakers see interest rates as sufficiently restrictive due to higher US Treasury yields. 🌼Gold prices jumped 6% in the past week, primarily due to the Israel-Hamas war. Economists at ANZ Bank analyze the yellow metal’s outlook. 🌼While the Israel-Hamas war will boost...

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🌼XAUUSD's chart shows that the precious metal is trending upward. 🌼The US dollar weakened as upbeat data from the United States prompted a move to ignore negative views from European partners. 🌼Gold capitalized on safe-haven demand amid escalating geopolitical tensions and gathered bullish momentum to start the new week. As US Treasury yields eased on dovish Fed...

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OANDA:XAUUSD The price of gold is pulling back slightly after experiencing a significant increase on Friday, reaching its highest point in three weeks at $1,933. The US Dollar (USD) remains weak as US Treasury bond yields rise. This is due to investors considering the ongoing conflict between Israel and Hamas, as well as new developments over the weekend. The...

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The AUD/USD pair has reached its lowest point of the week at 0.6289, experiencing a decline of 0.32%. The Consumer Sentiment Index at the University of Michigan in the United States has worsened, as inflation expectations continue to rise. The sentiment towards the Australian dollar is further dampened by the economic struggles in China and geopolitical...

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The price of gold experiences a significant resurgence as investors seek refuge in safe assets amidst the escalating Israel-Hamas conflict. The US Dollar and bond yields take advantage of the latest inflation data, which has generated considerable attention. According to Fed's Collins, if the upward trend in US yields continues, it may potentially reduce the...

Basil_Trading Updated 

Gold recovers its upward momentum on Friday and halts the decline seen earlier from its two-week high. The defensive stance of the USD bulls, due to retreating US bond yields, provides support to the XAU/USD pair. However, the possibility of the Fed implementing stricter policies in the future may limit any additional gains for the commodity.

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OANDA:GBPUSD The Pound Sterling continues to rise without any signs of slowing down, even in the face of disappointing factory data from the UK. In order to cope with a bleak demand outlook, UK companies have made significant cuts to their input costs. Swati Dhingra of the Bank of England (BoE) expressed support for a potential interest rate cut if the growth...

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OANDA:XAUUSD The price of gold is strengthening after reaching a low point over several months, now reaching a high point in two weeks. The metal is receiving support from geopolitical tensions, decreasing bond yields, and a weaker US dollar. The upcoming US CPI report may provide new information about the Federal Reserve's plans for interest rate hikes and...

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US policymakers are leaning towards a cautious approach to tightening, leading to lower expectations for interest rate hikes. Dovish comments from Atlanta Fed President Raphael Bostic, Vice Chairman Philip Jefferson, and Dallas Fed President Lorie Logan have influenced the swaps market. Despite hotter-than-expected manufacturing inflation and the Israel-Hamas...