Thora-Scalper

Thora-Scalper

👉Gold price turns sideways after a sharp recovery as the focus shifts to US inflation data. 👉Fed policymakers are worried about rising Treasury yields as they could dampen financial conditions. 👉The US Dollar will dance to the tune of the FOMC minutes, consumer and producer inflation data. Gold price (XAU/USD) holds onto a fresh weekly high,...

Thora-Scalper Updated 

XAU/USD FUNDAMENTAL BACKDROP Gold prices are trading lower for the 8th consecutive trading day as the US dollar remains bid due to some hawkish Fed commentary as well as an upside surprise on yesterday’s US JOLTs job openings statistic. Once again US labor market strength has been reiterated through jobs reports and will surely add pressure from a hawkish...

Thora-Scalper Updated 

Rising nominal interest rates coupled with easing price pressures/inflation expectations have pushed up real rates, raising the opportunity cost of holding the zero-yielding yellow metal. SELL @ 1838 - 1842 SL @ 1848 TP @ 1827 TP @ 1806

Thora-Scalper Updated 

The Australian Dollar (AUD) against the Japanese Yen (JPY) is an exciting pair for its relation to risk. The pair is often among one of the most highly correlated pairs to price action in US equities on a short to medium term basis. The pair generally tends to rise in a low risk environment on carry flows while the opposite is true when we see a 'risk-off'...

Thora-Scalper Updated 

XAU/USD could stage a rebound if $1,810 support holds. ✏️ Gold price meanders in fresh seven-month lows below $1,820 on Tuesday. ✏️ US Dollar, US Treasury bond yields continue cheering US economic resilience. ✏️ Gold price is heavily oversold on the daily chart; a rebound could be in the offing. Signals BUY @ 1805 - 1803 SL @ 1978 TP 1 @ 1810 TP 2 @ 1825 TP...

Thora-Scalper

XAU/USD Slump Continues as US Bond Yields Remain Elevated. Gold continues to print bearish candles with the precious metal losing nearly 6% of its value since September 20th. The break and open below the cluster of all three simple moving averages at the start of last week accelerated the sell-off, while prior support between $1,893/oz. and $1,885/oz. failed to...