Gold prices fell for the second consecutive week with the closing price just slightly above the $2,300 threshold at the end of last week. It is currently trading at 2311 US, marking a 0.4% gain on the day. Accordingly, DXY fell nearly 1%. However, the weekend session saw a rather strong withdrawal, somewhat narrowing the downward momentum. This has pulled the...
Hello dear friends, Today, let's explore the gold prices together! Gold has seen a slight recovery after a turbulent Friday, trading steadily around $2310 and rising 0.34% during the day. In terms of short-term prospects, gold seems to be moving sideways and remains in an accumulation phase with expected fluctuations between $2325 and $2290. Pay attention to...
Hello everyone, Today, gold prices continue their recovery momentum since Monday, with the metal gaining over $25 since the start of the new week. Although gold has experienced two consecutive weeks of decline following a five-week recovery streak, overall investor sentiment remains optimistic towards this precious metal. From chart analysis, we observe that...
Hey Everyone, Great start to the week with our 1H chart idea playing out, as analysed. We started with our 2305 Bullish target hit followed with ema5 lock above 2305 opening 2321. This was then hit perfectly completing this target with plenty of time to get in for the action. We now have ema5 lock above 2321 opening the next range upto 2346. Its over 200 pip...
World gold prices fell for the second consecutive week with the closing price just slightly above the threshold of 2,300 USD at the end of last week. Set in the context of relatively conservative fluctuations after important news, notably the Fed's monetary policy statement in mid-week and US employment data released on Friday. Last week was fundamentally rich,...
Hi everybody! About last week's news developments and results: Gold prices trade in positive territory above $2,310 after closing last week in the red. Weaker-than-expected US jobs data increased the likelihood of a Fed rate cut in September, hurting the USD and helping XAU/USD find support. Conclusion about gold and trends: At the time of writing Gold - and...
Gold prices lost momentum to recover around $2,295 on Monday during the early Asian trading session. Investors will be watching Fedspeak this week, along with the first reading of the US Michigan Consumer Sentiment Index for May on Friday. From a technical perspective, the daily chart shows sellers rejected upside gains for the second day in a row around...
Hello all dear friends! XAUUSD is strengthening after an impactful week with the FOMC interest rate announcement and the April US non-farm payrolls report, within the framework of a falling dollar. Possible retest of the liquidity area, aiming for a change in trend. Gold is also receiving fundamental support when it comes to central banks' gold demand over the...
#GOLD- well guys market perfectly hold you bottom and bounced, what do you think now? 2318 is the supporting area now? i think market current supporting area is 2318 now, keep close it , if market hold it then further bounce expected here, keep close it. good luck trade wisely
#GOLD... A perfect move as per our video analysis, first of all congratulations to all. and now we have 2313 on chart as immediate supporting area for now, keep close it guys because its your key level now, if market hold it then further bounce expected from here, only buying invalidate below 2313. good luck trade wisely
Hello dear traders! Overall, Gold prices traded stronger during the day. The bullish outlook for the precious metal remains intact, as XAU/USD is above the key line (EMA) on the daily chart. In the short term, gold prices have remained confined within the down trend channel since mid-April, suggesting that further consolidation or a sharp decline as I mentioned...
Gold prices today (May 3), the international market turned down sharply after the US announced more information about the number of first-time unemployment benefit applications being quite positive. The OECD has raised its forecast for the global economy to grow by 3.1% this year, so investors have strongly sold gold. Yesterday, the US economy released more...
FX:XAUUSD is strengthening after Friday's shakeout due to NFP, amid the dollar's decline. Possible retest of the liquidity area, with the aim of changing the trend. On H4 the price breaks the resistance of the wedge, formed within the corrective wave. The bulls are trying to hold above 2300, since the opening of the session the price strengthens to 2320 and...
Hello dear traders! Looking back at yesterday's trading session, gold has demonstrated its strength continuously after a series of 5 weeks of recovery, but in general, investor psychology still maintains optimism towards precious metals. The technical chart shows gold exiting the downtrend, which is an impressive move by the bulls as they not only successfully...
By examining the gold chart in the 2-hour time frame, we can see that the price on Friday, after growing up to $2320, faced a heavy selling pressure and fell from $2320 to $2277, that is, more than 420 pips of yield! Finally, gold closed at $2301 on Friday, and today we saw gold grow again to $2324. Now, as I indicated on the chart, gold is in the supply range of...
Analysis: Factors Driving Gold Prices Up Here is why we think it will go up (FUNDAMENTAL ANALYSIS) Weak NFP Report and Potential Fed Rate Cuts: The recent Non-Farm Payrolls (NFP) report came in weaker than expected, signaling sluggish job growth in the United States. This unexpected weakness has raised speculation that the Federal Reserve may consider...
End of day update from us here at KOG: We were expecting it to be a quiet day, but in true unconventional market fashion we actually had a blinding day on the markets, especially gold. Early session we saw the break above which confirmed the long trade, Excalibur activated, the red box strategy agreed, and we got not 1 but 2 fantastic long trades on gold. To...
Gold strongly broke through Friday's high in the afternoon, and the market changed. We are never stubbornly bearish or bullish, but flexibly adapt to the rhythm of the market. Since gold has broken through strongly, waiting for gold to fall back is the opportunity to buy. The 4-hour moving average of gold gradually begins to turn, and after gold breaks through,...