Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves and " A " Corrective Waves Break of Structure Fibonacci Level - 50.00% Demand Zone Impulse Correction
World gold prices today (May 29) increased in the context of a weakening USD, while investors are still waiting for US inflation data later this week to judge when the Fed will cut interest rates. . The US Dollar Index fell 0.1% to its lowest in more than a week, making gold cheaper for holders of other currencies. Investors will monitor the US core personal...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
H4 - Bearish trend pattern Currently it looks like a pullback is happening Until the two strong resistance zones hold my short term view remains bearish here.
💥The gold market is being greatly affected by the Fed's policy stance on the length of time it takes to cut interest rates. Experts say that US inflation reports are still not as expected. Thereby, the timing of the Fed's interest rate cut is unclear. 💥Gold's recovery over the past several months has been largely driven by central bank buying, especially demand...
Hello everyone! Let's dive into the gold price movements today! Currently, gold is on a strong recovery path, reaching $2,354, which is about $15 higher than the same time yesterday. This upward momentum is supported by the weakening of the US dollar. The DXY index has dropped nearly 0.1% from 104.747 to around 104.64 points, creating favorable conditions for...
Today's gold price is trading at 2,352 USD/ounce, a sharp increase of 18 USD compared to the previous day's opening price of 2,334 USD/ounce. World gold prices fluctuated in the context of data from the Commodity Futures Trading Commission (CFTC - US) showing that gold investment funds increased their buying positions by 194,000 contracts. This information can...
World gold prices increased with spot gold increasing by 15 USD to 2,350.7 USD/ounce. Gold futures last traded at 2,352.5 USD/ounce, up 18 USD compared to yesterday morning. World yellow metal prices increased slightly at the beginning of the week as investors expected an important inflation report released this weekend that would change the US Federal Reserve's...
Hello everyone, Brian here. Today, gold prices continue to move upwards following last week's adjustment. The precious metal is trading around $2,345, showing a slight recovery of 0.47% for the day. In the long-term, gold's outlook remains favorable for buyers as prices have touched the 34 EMA line. Personally, I am still targeting above $2,500. What about you?...
Kitco News' latest gold survey shows more than three-quarters of industry experts believe gold prices have stabilized or will fall next week. Meanwhile, half of retail traders polled still believe the precious metal could move higher in the coming days. ActivTrades senior analyst Ricardo Evangelista said that information in the Fed's meeting minutes has caused...
World gold prices tend to increase with spot gold increasing by 2.4 USD compared to last week's closing level to 2,335.7 USD/ounce. Last week, world gold prices continuously "plunged" after breaking all the records conquered in April. Kitco News's latest weekly gold survey results showed that more than three-quarters of experts believe gold prices are stable or...
In the past week, Gold prices dropped sharply when the statements of FED members took on a "hawkish" tone. At the FOMC meeting Many Fed members proposed raising interest rates if inflation remains high. Fed members said inflation data for the first quarter of 2024 was "disappointing". According to a survey by global fund BOFA: Commodities had a record increase...
World gold prices continued to decline sharply with spot gold down 48.6 USD to 2,329.4 USD/ounce. Gold futures last traded at 2,330.1 USD/ounce, down 52 USD compared to yesterday morning. The world gold market continues to be under pressure to take profits and gold prices fall to the lowest level in a week, extending the decline for the third consecutive session,...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Gold today maintained a volatile trend overall, and began to rebound with 2325 as support. It is currently trading near 2340. So after the sharp decline, has gold stabilized and rebounded? Actually, I don’t think so. I said yesterday that since gold has not rebounded in retaliation after falling by $100, gold will only absorb the plunge in a volatile manner. Gold...
Gold prices cooled down today as investors worry that interest rates in the U.S. will not be reduced soon. The precious metal continued to move in the red, trading around $2333. Another reason for the decline in gold prices is the announcement from S&P Global that the U.S. Producer Price Index (PMI) for May reached its highest level in two years. This data pushed...
At the beginning of the trading session on May 23 (US time), world gold prices were under strong selling pressure due to tough sentiment in the minutes of the May monetary policy meeting just announced. The minutes show that US Federal Reserve (Fed) officials are increasingly concerned about inflation. The gold market is being greatly affected by the Fed's policy...
💥Since the shock increase and decrease on Monday following the speeches of Fed officials, the gold price (XAU/USD) has had almost no significant fluctuations, fluctuating around 2,420 USD/ounce. 💥Gold is under profit-taking pressure after the precious metal hit an all-time high earlier this week. However, this precious metal still remains firmly above the level...