Gold prices rose slightly on Monday (May 27) from a two-week low recorded in the previous session, as investors assessed fading hopes of a US interest rate cut ahead of the inflation report. Key findings announced this weekend. At the end of the trading session on May 27, the spot gold contract increased 0.5% to 2,346.31 USD/oz, after hitting the lowest level...
FX:XAUUSD after a false breakdown of the support of the range is forming a correction, but within the upward consolidation channel. The fundamental background is still negative. There is no strong news in the next two days, so the fundamental background remains the same. There is no strong buyer on the market yet and thus, gold may continue its downward...
Although central bank buying and strong Asian demand have created a long-term fundamental bullish trend for gold, OANDA:XAUUSD , but uncertainty surrounding the Federal Reserve's monetary policy continues to create large short-term fluctuations, mainly with mixed pressure to strengthen the US Dollar's position. Gold prices rose to a record high above $2,450...
On the Asian market on Monday (May 27), gold was delivered immediately OANDA:XAUUSD increase rapidly in the short term. Gold price touched 2,347 USD/ounce, setting a session high and increasing strongly by more than 13 USD during the day. OANDA:XAUUSD The gains were supported by a weaker US Dollar and rising geopolitical risks in the Middle East. Tuesday's...
Gold prices increased on Tuesday (May 28) thanks to the weakening USD, as investors waited for US inflation data expected to be released later this week to gain more clarity on the timing of interest rate cuts. At the end of the trading session on May 28, the spot gold contract increased 0.38% to 2,359.56 USD/oz. Gold futures contracts added 0.9% to 2,356.5...
During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from...
Gold prices dropped last week after reaching a record high on Monday, falling over 3% to just under $2,335. The decline was driven by higher short-term Treasury yields and positive US PMI data, indicating a strong economy that can handle higher interest rates. Inflationary pressures and the possibility of central bank policy easing fading may cause US Treasury...
FX:XAUUSD is still bearish. The price is trying to leave the corrective range, which is formed after the false breakdown of support. The market is preparing to go lower. On the 1H timeframe it is becoming clear who is showing dominance in the market. There is no strong buy yet, apparently, before the GDP and PCE publication on Thursday and Friday, no one...
FX:XAUUSD is trading in the range of 2335-2397. Bulls are trying to keep the price from falling, countering the market in the 2330-2340 area. A rebound may reach local liquidity zones. At the moment the market is bearish but also volatile. Any news could have a strong impact on the dolar and gold. In the mid-term, since after a false break of support a...
Complicated geopolitical developments are counterbalancing the Fed's recent stance to support gold prices. On the one hand, the Fed strengthens the Dollar compared to other major currencies. On the other hand, gold is also supported. Support when potential market risks are likely to flare up and increase the attractiveness of Precious Metals that do not generate...
OANDA:XAUUSD fell to its lowest level in 2 weeks when demand for the US Dollar in the market recovered. A Federal Reserve rate cut in September is looking less and less likely, which is causing some selling pressure on gold. Investors will focus on today's (Friday) speech by Federal Reserve Governor Waller, US durable goods orders and the University of Michigan's...
Gold fell sharply under pressure from profit-taking activities in the market and the Fed's (FOMC) meeting minutes. According to the Federal Open Market Committee meeting minutes, although US monetary policy has become a secondary factor in the gold market, continued inflation could cause additional selling pressure as it could force The Federal Reserve must...
Gold is neutral on its 1D technical outlook (RSI = 50.016, MACD = 12.800, ADX = 25.902) as it completed today the second green 1D candle in a row. We don't think that the current bearish wave of the 1 month Channel Up has bottomed yet, since the HL trendline is a little lower around 2,315. We are prepared to buy after the 1D RSI crosses over its MA trendline and...
In the Asian market on May 22, spot gold suddenly dropped in the short term but did not affect the main trend. Gold price fell sharply from the highest level of the session as of the time this article was completed, which was 2,426 USD/oz, and set a new intraday low at 2,412 USD/oz. OANDA:XAUUSD fell from record highs earlier this week as the Federal Reserve...
On Tuesday, the US Dollar gained renewed strength during the American trading session as risk sentiment deteriorated due to escalating geopolitical tensions between Israel and Gaza. Concurrently, hawkish comments from Minneapolis Federal Reserve (Fed) President Neel Kashkari drove US Treasury bond yields higher, which in turn boosted the Greenback from its weekly...
Earlier this week, ECB President Christine Lagarde expressed confidence in the euro zone inflation being under control. In contrast, the recently released Fed minutes indicate a negative impact on the committee's confidence in achieving 2% inflation and suggest that it will take more time to recover. The minutes were recorded before the latest US CPI data,...
On the Asian market, gold is delivered immediately OANDA:XAUUSD suddenly dropped sharply from the session's high of 2,433.13 USD/ounce. Gold price has just touched 2,410 USD/ounce, setting the lowest level of the day as of the time this article was completed. News of the death of the Iranian president has increased tensions in the region and gold prices have...
FX:XAUUSD continues to update lows amid a bearish wave based on fundamental (economic) reasons. The market after a pullback may be willing to continue falling. On D1 the outlook and situation is in the hands of bears. There is no big buyer on the market, who could turn the market around (not yet). Accordingly, a correction is forming due to liquidity...