Thanos786

Thanos786

Target 2530 if it breaks next target 2550 Target 2530 if it breaks next target 2550

Thanos786

if xauusd break the barrier poosible towards 2015 if xauusd break the barrier poosible towards 2015 if xauusd break the barrier poosible towards 2015

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If the rebound finds legs, the immediate powerful resistance for Gold price is seen at the $2,050 psychological level. The next critical supply zone for the bright metal is seen at around $2,065. On the downside, Gold sellers need to seek a decisive close below the abovementioned $2,035-$2,030 area. Further down, a test of the $2,000 threshold if the $2,010 round...

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Gold price attracts some buying for the fourth straight day on Thursday and moves back closer to over a two-week high, around the $2,056 area touched the previous day. The US Dollar struggles to capitalize on Wednesday's post-FOMC bounce from a one-week trough. As observed on the daily chart, Gold price confirmed an upside break from a month-long symmetrical...

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From a technical standpoint the bullish outlook on gold is a little more complicated than the fundamental thesis suggests. A lot of positive momentum has already been priced in, providing a less impressive risk-to-reward ratio. It is with this in mind that an extended pullback would be favourable prior to assessing bullish continuation setups. The first level of...

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After rising toward $2,080, Gold reversed its direction and turned negative on the day near $2,060, pressured by the rebound seen in the US Treasury bond yields. Investors brace for the end-of-the-year flows and refrain from placing large bets on XAU/USD Fundamental Overview Gold price is finding demand in the Asian session on the final trading day of the year, in...

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The US dollar continues its move as traders price in an aggressive series of rate cuts next year. US Treasury yields are falling, leaving the US dollar at risk against a range of other currencies. Thursday’s US GDP figures missed expectations, as did Friday’s core PCE readings. Both of these releases underpinned the US dollar move lower.

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XAU/USD FUNDAMENTAL FORECAST Gold prices finally breached the $2050 level after threatening since mid-December after US PCE deflator readings missed forecasts. The core metric (Fed’s preferred inflation gauge) dropped to levels last seen in April 2021 and the first negative MoM print in over 3 years. Implied Fed funds futures below now prices in almost 160bps of...

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Gold price struggles to capitalize on its weekly gains registered over the past two days and ticks lower during the Asian session on Wednesday. The precious metal trades around the $2,040 supply zone and seems poised to appreciate further in the wake of the Federal Reserve's dovish shift last week. The daily chart for the XAU/USD pair maintains the risk skewed to...

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The Federal Reserve will be front and center when it comes to the gold markets this upcoming year. The gold markets will continue to see a lot of volatility, but I think at this point in time, the Federal Reserve’s suggestion that it is going to cut interest rates during the year will continue to put upward pressure on the gold market. That being said, it does not...

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From a technical perspective, the XAU/USD, for now, seems to have stalled its recent sharp pullback from an all-time peak touched last week near the 50% Fibonacci retracement level of the June-December rally. The said support is pegged near the $1,975 area and is followed by the 50-day Simple Moving Average (SMA), currently around the $1,967 region. Some...

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Gold price struggles near two-week low amid modest USD strength, reduced Fed rate cut bets

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Gold (XAU/USD) prices have ticked up following the release of weaker-than-expected US ADP Employment figures. The pair is approaching Tuesday's highs at $2,040 after having found support at the $2,000 psychological level, on its reversal from the all-time highs at $2,150. US Treasury yields have turned lower as the weak ADP cast doubt about Friday's Nonfarm...

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Bullish Impetus Reflects the Positive Outlook for Gold in 2024 The gold market attempted to catch its breath after a phenomenal day of trading yesterday. Registering a 5.42% round trip, the price of gold obliterated the prior swing all-time-high around $2081 only to retrace the move and end the day significantly lower. The RSI surged into overbought territory...

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Gold price is consolidating gains below $2,100, having reversed sharply from the all-time-high of $2,144 early Monday. Gold price rocketed amid increased bets of a March Fed rate cut and fresh geopolitical concerns between Yemeni Houthis and the US, as well as, Hamas and Israel.

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The price perfectly fulfills my last idea. The price has reached the strong resistance zone at 2050. The market has pulled back from this level before. The price formed a potential fake breakout of the resistance on the 4H timeframe. I think the market might pullback from the resistance. On the daily timeframe the price has reached the strong resistance zone...

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From a technical perspective, the overnight breakout through the $2,008-2,010 horizontal barrier was seen as a fresh trigger for bullish traders. Moreover, oscillators on the daily chart are holding comfortably in the positive territory and are still far from being in the overbought zone. This, in turn, suggests that the path of least resistance for the Gold price...

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SYDNEY (Reuters) - Asian shares slipped on Monday ahead of potentially market-moving inflation data from the United States and Europe later in the week, and a meeting of oil producers that could stop, or extend, the recent slide in prices. One mover was gold, which climbed to $2,009 an ounce and briefly hit a six-month top of $2,017.82. The approach of month...