Gold prices experienced a rally after the US dollar index weakened. Strengthening is still expected and a test of $2,000 will be expected soon. Translators who acquired this position when the browser tested support may maintain that position at this time. However, if the gold price does not create a higher swing point and falls to create a lower swing point, a...
World gold spot price is around 1,980.6 USD/ounce, down 0.27 USD/ounce compared to last week. December gold futures price on the Comex New York floor is at 1,982.8 USD/ounce. The current gold price cannot increase strongly because of the cautious trend of investors At some point, the US Federal Reserve (Fed) and other central banks will reserve monetary policy...
World gold prices this morning reversed to increase slightly with spot gold increasing by 8.4 USD to 1,958.2 USD/ounce. Gold futures last traded at $1,963.50 an ounce, up $5.70 from the bright spot. The gentle weakening of the USD in the evening trading session of November 9 (Vietnam time) slightly increased the appeal of gold to buyers holding other currencies....
ActivTrades senior analyst Ricardo Evangelista said that investors' risk appetite also improved with Federal Reserve Chairman Powell's speech last week combined with weaker employment data. The US projections have increased expectations that the Fed will end its current interest rate hike cycle. In a recent note, Heraeus Metals experts said that for gold to...
Gold prices had their best October in nearly half a century, despite strong resistance from rising Treasury yields and a strong US dollar. The yellow metal rose a staggering 7.3% last month, closing at $1,983 an ounce, its strongest October since 1978, when it rose 11.7%. Gold, a non-yielding asset, has historically struggled when bond yields rise. However, an...
Gold prices drop to $2,000 due to market risks from widespread war in Gaza Although a pause in rate hikes was announced at the Fed meeting, interest rates are likely to remain at their current high levels for an extended period of time. H4 gold price shows an ascending triangle pattern The U.S. dollar index fell to a two-month low of 104.94, and the benchmark...
Israeli forces have entered Gaza City, ending a siege in areas where the main forces of the Palestinian militant group Hamas are based. However, you will face many challenges when fighting in the city. The city is overcrowded. At the close of trading on November 2, oil prices rose more than $2, ending a three-day losing streak as risk appetite returned in...
Gold tried to move above $2000 but it was almost impossible and there is now a deep decline Today's drop to $6.80 may seem insignificant, but given the fact that gold prices have managed to break above $2,000, this is actually significant. That simply isn't happening despite the escalating situation in the Middle East. Gold is likely to peak with an RSI near 70...
Demand for gold declined in the third quarter. China's central bank is the world's biggest buyer Global over-the-counter gold demand fell year-on-year in the third quarter of 2023, down 6% from 2022 figures, as central bank purchases fell year-on-year. In the July-September period, central bank demand reached 1,147.5 tonnes, 8% above the five-year average but...
The industry's strong performance in the first half of this year was due to investments from the Middle East, Turkey and China, the report added. Gold ETFs lost 139 tonnes in the third quarter, but the outflow was smaller than -244 tonnes in Q3 2022. Investment demand in the third quarter was 157 tonnes, up 56% year-on-year, but still weak compared to the...
US Dollar, Swiss Franc, US Treasury and Gold; When you think of a safe haven as a store of value during times of economic and market turmoil, these are the names that immediately come to mind. However, amid current geopolitical tensions, gold has emerged as the only name to claim its reputation, coming at a time when the US dollar and Treasuries are looking...
Gold traded near $2,000 an ounce on Friday after crossing the threshold for the first time since May as Israel's ground offensive on Gaza appears to be more cautious than initially announced. Gold bullion fell after rising 1.1% on Friday as Israel ramped up ground operations. Israel has been sending troops and tanks to the northern Gaza Strip in the so-called...
The war escalated and reached its climax There has been a US air strike in Syria and developments may be more complicated Experts are suggesting that the war could spread throughout the returning countries Meanwhile, the gold situation is very positive as gold increased sharply to a peak above 2000 Today, gold has a cooling cycle but is still relatively unstable...
Pull back at the open of this week presented a very lucrative opportunity to take gold through resistance around 1987 and push to the 382 extension at 2016. BULL PLAN: - Buy dips - Focus attention on resistance above and taking price higher - record highs set around 2075 / 2078
Hello traders, The price of gold fluctuates near the support of the ascending channel. It receives continuous positive support from the moving average of 50, which supports the chances of continuing the rise within this channel and heading towards achieving our positive goals that started in 1996 and extended to 2010. In general, we will continue to favor the...
Global gold prices rose slightly this morning, with spot gold prices up $4.3 to $1,983.9 per ounce. Gold futures traded at 1,997.4 dollars per ounce, up 2.5 dollars from the previous morning. Global gold prices rose slightly this morning compared to yesterday morning, but remained well below the day's highs as a newly released report showed the strength of the US...
Hi Realistic Traders. Here's my price action analysis on EURUSD! EURUSD has recently dipped below the EMA200 line , thereby confirming its bearish trend. The most probable scenario at this point is a continuation of this bearish trend. Upon closer examination of the chart, it becomes evident that EURUSD has formed a bearish pattern recognized as the Ascending...
Gold fell back after facing strong resistance near the $2,000 level. After a strong rebound from October lows, gold fell again as traders pared back gains. The RSI has recently moved into calm territory, giving gold plenty of room to gain further bullish momentum if the right catalysts occur.