Gold fell out of favor after rebounding slightly after Friday's NFP. This morning, the price briefly fell below $2,020, hitting its lowest level since December 18th. As a result, the precious metal remains in its previous range and is unlikely to gain popularity due to the recent rally in the dollar. But in the absence of a key US index until Thursday's release of...
Looking to short price for 120 pts if candle closes ONLY below my zone under 2040.43. The candle has to close before i consider it as my first confirmation. My second sell Limit or executed market price trade will be at the upper end of my zone at 2043.62. I will only execute my second trade once price reverses before hitting my target area for 120 pts after new...
The gold market is poised to make history in 2024. The new year begins very close to new all-time highs. How high will gold go? Much depends on how low interest rates fall and how the US dollar depreciates. The Fed ended its interest rate hike campaign last fall. Monetary policy easing is expected later this year. If sustained inflationary pressures force central...
Gold prices did not fluctuate much last Friday, basically oscillating around 2065, with an amplitude of $16, and finally closed with a Doji Star with long upper and lower shadows. It was a continuous trend from last Thursday. Recently, with the lack of crucial data and speeches, gold prices' volatility has fallen. The Red Sea situation continued to heat up last...
There were moderate movements during yesterday's Asian session and gold fluctuated slightly up from $2067. During the US trading session, gold quickly increased in price along with the depreciation of the USD and surpassed the resistance zone, once reaching 2084 USD. Finally, gold closed the daily chart on a positive note to post its fifth consecutive gain,...
The world gold price closed the trading session at a high of 2,053.2 USD/ounce, the gold futures price for delivery in February 2024 on the Comex New York floor traded at 2,064 USD/ounce. Gold has just experienced a strong increase and ended at the highest price in about 2 weeks thanks to the weakening of the US Dollar index and falling US Treasury bond interest...
The technical outlook for gold is quite optimistic, especially when the FED's actions are showing that they will have a high possibility of cutting interest rates. That will have a positive impact on gold. Gold in today's session will increase to the 2070 threshold, but then will decrease again. Optimism about gold price increases is still very promising, when...
This morning, global spot gold prices were at $2,053.2 per ounce and gold futures were at $2,064.5, as markets were still closed after Christmas. Last week, global gold prices registered a slight increase in the last trading session, but the $2,050 per ounce level remained a key resistance level that would be difficult for the precious metal to overcome. However,...
Gold prices fluctuated in a narrow range during the early Asian session. Guided by the 60-day SMA in the 1H chart, gold fluctuates downward. Early in the US session, the USD recovered from lows following the data and hawkish comments from Fed officials. Gold then lost value and once fell to $2027.50, closing the daily chart lower. Along with yesterday's growth,...
This is what we said before, once a trend has formed it cannot end anytime soon. The market no longer believes in the Fed's management of expectations anymore. Next year, the Federal Open Market Committee will have new members and then moderate officials will prevail. More data and time are needed to verify the resilience of inflation and the economy before...
Yesterday, gold prices rebounded to around 2033.5 after falling to support around 2015. Profits from closing short positions at 2030 USD were minimal. Currently, market expectations of the Fed cutting interest rates are fluctuating. Next, gold prices will still be under pressure from the Fed's operating expectations. The advantages will be limited and the...
GOLD - Classic bullish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Buy GOLD Entry - 1993.8 Stop - 1979.2 Take - 2026.0 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
Gold prices eased slightly for Friday but remained on a weekly uptrend as the outlook for the U.S. Federal Reserve's fall in borrowing costs weighed on the dollar and Treasury bond gains, providing demand. for safe hidden assets. Spot gold XAU= was down 0.1% at $2,033.29 an ounce, as of 01:13 GMT. However, Li gold has increased by 1.5% this week. US GCcv1 gold...
World gold prices today continued to increase with spot gold increasing by 11.9 USD to 2,035.8 USD/ounce. Gold futures last traded at 2,050.9 USD/ounce, up 11.3 USD compared to yesterday morning. The Federal Reserve's signal that interest rates will fall in 2024 has created some good momentum in the gold market, and that should lead to record high prices in the...
My dear followers, I analysed this chart on GOLD and concluded the following: The market is trading on 2034.5 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probableBearish continuation. Target - 2010.0 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to...
Dollar steadies, eyes on US inflation data and Fed meeting The US dollar steadied early Monday, with US inflation data and the Federal Reserve's final policy meeting of the year likely to set the tone for this week Data released last Friday showed that US job growth accelerated in November and the unemployment rate fell to 3.7%, highlighting the resilience of the...
My dear subscribers, This is my opinion on the GOLD next move: The instrument tests an important psychological level 2072.4 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2035.0 About Used Indicators: On the subsequent day,...
Despite attempts by the Federal Reserve to dampen optimism, gold prices rose above record highs hit during the height of the pandemic on rising hopes for a U.S. interest rate cut early next year. The precious metal rose more than 3% in early trading Monday, surpassing its all-time high set on Aug. 7, 2020, but has since given up much of that gain. On Friday,...