ZumixFX

ZumixFX

Gold though was heading for its worst week since February as the rise in Treasury yields drives investors out of the precious metal, which pays no yield. It nursed losses at $1,875 an ounce. My opinion about the yellow metal TVC:GOLD that he will keep falling to 1962 zone

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Gold prices fell below key levels on Wednesday, extending a recent slump as persistent fears of rising interest rates, following hawkish signals from the Federal Reserve . As we can see that he breaks the support level and going toward the next one 1885 . For me the yellow metal will bounce at that level and get back to high levels due to russia and ukraine war . ...

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As we can see gold's report last week were against the yellow metal to go higher , so the federal reserve vowed to hike rates until inflation returns to its annual target of 2% . And all the fundamentals are showing that the gold will go down .

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The Fed is still expecting to maintain its hawkish rhetoric, given that inflation remains sticky and the labor market robust. This notion is largely expected to weigh on gold and other metals for the remainder of the year.

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Gold took a hit this week as the dollar rebounded after the Bank of England raised interest rates by half a percentage point — twice more than forecast — saying it needed to act against "significant" indicators that British inflation would take longer to fall. U.K.’s main interest rate is now at 5%, the highest since 2008 after the largest rate increase since...

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My opinion is that the gold won't fall again this week , because fondamentals and technicals shows that the gold will go on a bull run this week .

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In what appears to be an unprecedented win, gold prices are up 9% for two quarters back-to-back as memory of this month’s U.S. banking crisis keeps the safe haven in demand, even as risk assets rebound from recent lows. Gold's highs came even as the S&P 500 climbed 6% over the past three weeks, shrugging off contagion worries from the U.S. banking crisis that led...

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Gold moved further from the $2,000 target aspired by longs in the market as assurances over the crisis-struck U.S. banking sector boosted the appetite for risk assets, resulting in reduced demand for safe havens. Monday bearish for the gold , the gold metal reached the support zone this Monday and looking for a new high this week due to the bank crisis . So my...

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Hey Traders , Bitcoin has been leading the charge, with dominance over the rest of crypto increasing over the past week. Bitcoin climbed to hover around $27,000 Friday morning as cryptocurrencies in general continued to rally. Traditional markets were trading lower. Bitcoin on his bullish mode while bank crisis keeps falling , so he just breaks a new resistance...

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After all things that happened in this month , people are scared of losing their money while putting them on banks , so that will push individuals to invest their money to escape the bank crise , as we know that a lot of companies invested in the gold metal at the start of 2023 , and the war between Russia and Ukraine that Is getting worse because It becomes a...

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The stock market faces a crucial test next week, which will help determine the Fed’s next policy move , bank crisis developments will also be in focus amid lingering fears over the health of US regional banks. My opinion Nasdaq will keep his bullish move

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Gold prices traded just below their strongest levels in 11 months on Monday as markets gauged the impact of emergency liquidity measures from the Federal Reserve and other major central banks amid increasing fears of a banking crisis. The increased liquidity measures by the Fed also undermine a year of monetary tightening done by the bank to curb inflation, and...

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As the markets attempt to digest two bank failures in the U.S., a plunge in shares of Credit Suisse and plummeting bank stocks on two continents, fears mount that a banking collapse could lead to a sustained economic downturn and cap demand for oil. So that will push the OIL up .

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All big timeframes indicate the short zone , the gold metal have reached the overbought zone on all timeframes and all fundamentals are against gold to rise up , so for me the 2 months the gold will be around 1800 , hope you like my ideas , reply in comment so we can exchange informations

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U.S. stocks are rising after inflation data fuels hopes on lower rate hikes , and Jerome Powell said that interest will increase progressively , and high timeframes indicate the overbought signal , so for my opinion the gold metal will get back to 1866 .

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Biden emphasizes US banking system is safe after Silicon Valley Bank collapse , while regional bank stocks have been hammered throughout the day, there’s also some cautious optimism that their efforts are having an effect as Wall Street firms , so that will push a little us30 upper .

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After the silicon valley collapse , dollar index goes down to 103$ levels , and the gold metal takes the high to 1914 and expected to reach 1918 . So my opinion the gold have reached the overbought on high timeframes , so the gold metal should do a retest to the Friday closed zone and after that we will look at the next point .

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Financial contagion appeared to spread through parts of the banking sector , It is by far the largest bank to fail since the near collapse of the financial system in 2008, shortly after Washington Mutual collapsed during the crisis. So for me that will impact on raw material , so that will push the gold metal down and push dollar upper and upper .