Gold price has shown a recovery move after correcting to near the prior accumulation area placed in a range of $1,971-2,009. GOLD H1 SELL ZONE 1: 2023-2027 SELL ZONE 2: 2035-2040 TP: Refer to mapping SL 50 pips from zone #M88N #GOODLUCK
Gold price (XAU/USD) is continuously defending downside around the crucial support of HKEX:1 ,980.00 for the past few weeks. The precious metal is prone to downside as the appeal for the US Dollar Index (DXY) is improving ahead of the interest rate decision by the Federal Reserve (Fed). Gold moving as per our mapping. HIT TP 1! (230 PIPS). CONGRATS!!
Gold price (XAU/USD) stays on the front foot around HKEX:2 ,000 during a three-day winning streak amid early Wednesday. In doing so, the bright metal benefits from the risk aversion wave, mainly led by the fresh banking fears and woes surrounding the United States debt ceiling expiration, as well as the Federal Reserve’s (Fed) policy pivot. It’s worth noting that...
Gold price (XAU/USD) seesaws around HKEX:2 ,005 as it struggles for clear directions amid sluggish trading early Monday morning in Europe. The bright metal marked the first daily loss in four the previous day, as well as posted the biggest daily loss in three weeks, as the US Dollar posted a corrective bounce off a one-year low. Adding strength to the XAU/USD...
Gold prices remain resilient as investors weigh fresh ECB and Fed rate hike threat ahead of US retail sales data. *Gold prices close to one-year high *Bond yields increase, causing slight gold retreat *Federal Reserve and ECB rate hike strategies differ BUY ZONE: Refer to mapping TAKE PROFIT: Refer to mapping SL 50 PIPS FROM ZONE #GOODLUCK #M88N
The Gold price climbed above HKEX:2 ,028/oz after briefly dipping to HKEX:1 ,990/oz on Monday which leaves the bulls in charge as per price action and market structure, as illustrated below. Meanwhile, the market is also taking its cues on the fundamentals with respect to softening US data, in the main, and the sentiment surrounding the Federal Reserve. On...
GBP/JPY: Retail trader data shows 52.94% of traders are net-long with the ratio of traders long to short at 1.12 to 1. In fact, traders have remained net-long since Feb 09 when GBP/JPY traded near 159.32, price has moved 0.55% higher since then. The number of traders net-long is 27.17% higher than yesterday and 6.36% higher from last week, while the number of...
Gold price ( XAU/USD ) prints mild losses around $2,020 during early Thursday, after rising to the highest levels since March 2022 the previous day. The precious metal’s previous run-up could be linked to the broad US Dollar weakness amid downbeat United States data and receding hawkish bets on the Federal Reserve’s (Fed) next move, not to forget downbeat US...
Gold price (XAU/USD) prints mild losses around $2,020 during early Thursday, after rising to the highest levels since March 2022 the previous day. The precious metal’s previous run-up could be linked to the broad US Dollar weakness amid downbeat United States data and receding hawkish bets on the Federal Reserve’s (Fed) next move, not to forget downbeat US...
Gold jumped to a 13-month high overnight after the US Dollar sunk along with Treasury yields. The benchmark 2-year note touched 3.82%. Congrats! HIT ALL TARGET. #M88N #Goodluck
Gold price rallied on Monday and took out the $2,000 mark with a slump in the US Dollar on the back of bond yields falling on expectations a surprise cut in The Organization of the Petroleum Exporting Countries, OPEC+, production will spur inflation. This was dimming hopes the Federal Reserve will cut interest rates this year. The rise in the yellow metal comes...
Friday's reaction to the data is similar to the overall reaction to the data on Thursday when Gold gained as the US Dollar also sold-off and US Treasury yields pulled back, reflecting investors’ view that the probabilities had slightly decreased for the US Federal Reserve to raise interest rates at their May meeting. #M88N #GOODLUCK
The Japanese Yen slid lower overnight with the US Dollar gaining against most currencies, but it was more pronounced against the Yen. HIT TP 1! 168 PIPS! ENJOYYYYY! #M88N #GOODLUCK
The Japanese Yen slid lower overnight with the US Dollar gaining against most currencies, but it was more pronounced against the Yen. SELL ZONE: 165.230-166.030 TP 1: 164.830 TP 2: 164.430 SL 166.100 #M88N #GOODLUCK
Gold prices surged on Thursday amid U.S. dollar weakness after the FOMC delivered a dovish interest rate hike and signaled that its tightening campaign may be nearing its end. Price HIT TP 2. RUNNING 570 PIPS FROM OUR ZONE. #M88N #GOODLUCK
The Federal Reserve (Fed) raised its key interest rate by 25 bps as expected to 4.75% -5.00%. The vote was unanimous. They dropped the forward guidance, mentioning that “some additional policy firming may be appropriate”, instead of “ongoing increases in the target range will be appropriate”. HIT ALL TARGET. Running 200 pips. #M88N #GOODLUCK
The Federal Reserve (Fed) raised its key interest rate by 25 bps as expected to 4.75% -5.00%. The vote was unanimous. They dropped the forward guidance, mentioning that “some additional policy firming may be appropriate”, instead of “ongoing increases in the target range will be appropriate”. In a few minutes, Chair Powell's press conference will begin. SELL...
Gold prices surged on Thursday amid U.S. dollar weakness after the FOMC delivered a dovish interest rate hike and signaled that its tightening campaign may be nearing its end. Price HIT TP 1. RUNNING 250 PIPS FROM OUR ZONE. #M88N #GOODLUCK