SantaTradeGold

SantaTradeGold Updated 

Gold prices have recovered slightly during today's Asian session and are currently trading around the $2,330 resistance level. Gold prices have now recovered after falling sharply following last night's US GDP data and the precious metal is currently trading around $2,330. Although gold's upward momentum has weakened when the RSI indicator on the daily chart...

SantaTradeGold Updated 

Gold moved sideways after two days of decline as Middle East tensions cooled Gold prices have continued to weaken in the Asian session on April 24 after recovering slightly in the US session yesterday thanks to US PMI data and currently XAU/USD is trading around $2,320. Gold prices have now adjusted slightly and are currently trading around $2,320 after...

SantaTradeGold Updated 

Gold prices turned down slightly at the beginning of the Asian session XAU/USD's decline has continued and the precious metal is currently trading around $2,377 today morning. After rising above the $2,400 threshold last Friday, gold prices have adjusted back down after tensions in the Middle East were contained and are currently trading around the $2,377...

SantaTradeGold Updated 

Gold surpassed the $2,400 mark due to concerns about conflict in the Middle East Gold surpassed $2,400 an ounce as concerns about rising tensions between Israel and Iran boosted demand for the safe-haven asset. Gold prices rose as much as 1.3% and are headed for a fifth consecutive week of increases after unverified reports of attacks in Iran, Syria and...

SantaTradeGold Updated 

Gold's upward momentum is still maintained but the price has not yet been able to return to the $2,400 threshold Gold prices are currently maintaining their upward momentum and are trading around $2,380 despite the strength of the greenback. Gold prices increased slightly at the end of the US session yesterday after a hawkish speech by Fed Chairman Jerome...

SantaTradeGold Updated 

"Precious metals" regained what they lost during the US session on Monday During the Asian session on April 16, gold prices recovered and are currently trading around $2,386.80. On April 15, world gold prices adjusted slightly downward after US retail sales were higher than market expectations, however the upward momentum of XAU/USD returned early this morning...

SantaTradeGold Updated 

Gold prices continue to increase thanks to geopolitical tensions in the Middle East Gold prices have recovered during today's Asian session and are currently trading around $2,360 as the market worries that the war situation may escalate in the Middle East. Over the past week, gold prices have experienced an impressive increase to $2,400 despite the strength of...

SantaTradeGold Updated 

Gold rebounded after the US PPI index was lower than expected Gold rises to $2,355 as PPI data misses estimates, focus turns to University of Michigan consumer confidence index In the April 11 session, gold prices benefited from US PPI data rising lower than estimated. The precious metal touched down to $2,325 early in the European session but then rebounded...

SantaTradeGold Updated 

Gold turned down after the US CPI report increased higher than expected. Gold "free-falled" to $2,319 as the US CPI report exceeded estimates and the market downplayed interest rate cuts. During the April 10 session, gold prices fluctuated strongly after the announcement of US CPI data exceeding estimates. The precious metal fell from $2,349 to $2,319 and then...

SantaTradeGold Updated 

Gold prices continue to increase as the war situation in the Middle East escalates. Gold prices are currently increasing for 3 consecutive sessions and are currently trading around $2,349.70. During the April 9 session, gold prices continued to increase sharply, extending their upward momentum to 3 consecutive sessions and currently XAU/USD is trading around...

SantaTradeGold Updated 

Gold turned down after a galloping increase at the beginning of the week. Gold has now adjusted back down after yesterday's increase to $2,353, the market awaits the upcoming US CPI report. During the April 8 session, gold turned down after a galloping increase on Monday. The precious metal spiked to nearly $2,354, then corrected down to $2,318 and then...

SantaTradeGold Updated 

XAU/USD fell slightly below the 2,300 USD/oz mark ahead of US NFP jobs data Gold prices retreated slightly to around $2,270 at the beginning of the Asian session after just setting a new record high yesterday, surpassing $2,300. Geopolitical risks in the Middle East and expectations of loosening monetary policy from the Fed are still big driving forces for this...

SantaTradeGold Updated 

Gold rebounded higher after the disappointing services PMI report. Gold broke out and increased around the $2,300 area after the US services PMI report was lower than expected. In the April 3 session, gold was supported when the ISM services PMI report dropped to 51.4 compared to the initially estimated level of 52.8. The precious metal fell to $2,267 early in...

SantaTradeGold Updated 

Gold extends its upward momentum after the JOLTS jobs report Gold bounced above $2,270 after the JOLTS report, the focus turned to US services PMI data. During the April 2 session, gold mainly traded in the range of $2,248 - $2,263, then bounced above $2,270 when the JOLTS jobs report was as expected before correcting downward and ending the day at...

SantaTradeGold Updated 

Gold surpassed $2,250 after last week's PCE report Gold rebounded sharply above $2,250 as the core PCE index matched estimates. Gold rebounded sharply over the weekend as the core PCE index matched estimates. The precious metal broke out from $2,194 to $2,235 before correcting slightly and ending the week at $2,223. The MoM core PCE index increased 0.3%,...

SantaTradeGold Updated 

Gold is under pressure as the USD bounces up, waiting for the US core PCE report Gold sweeps two-way as the market awaits the core PCE report, the Fed's favorite inflation gauge, tomorrow. During the March 27 session, gold climbed above $2,193 before falling to $2,183 when the USD rebounded and then recovered and ended the day at $2,192 when US government bond...

SantaTradeGold Updated 

The recovery in gold prices weakened as the US dollar rebounded. During the March 26 session, gold prices rose back to $2,195, but as soon as data on the number of US durable goods orders was announced, gold adjusted back down. Price support is currently located around the old peak at $2,144.5 There won't be much major news coming out in the near term, so all...

SantaTradeGold Updated 

Gold turned down as the market waited for the CB consumer confidence report. Gold rose to $2,181 late yesterday as the USD weakened, focus turned to today's CB consumer confidence report. In the March 25 session, gold swept both ways but ended at a higher price when the USD fell. The precious metal rose to $2,178 then fell to $2,163, then reversed all losses and...