According to my personal opinion, the market on October 25, 2023: After 55 important rhythms like yesterday and a sustained wave of around 7 times, which is more than 2/3 of the recovery wave, the rising wave is likely to continue throughout the day. Trading plan: “Buy and wait until you buy” still applies. Need to be aware of support milestones Although the...
Gold Analysis October 24: Key Resistance Zones 2000 - Fundamental analysis: Gold enjoyed another week of impressive price increases between 1932 and 1997 due to risk aversion due to the escalation of the Israeli-Palestinian war. Approximately 6,000 people have died on both sides, and that number is likely to rise further in the near future. The United States...
GOLD TREND ANALYSIS September 24, 2023 Gold has a slight decline although yesterday`s DXY index fell quite strongly, but it did not cause gold to be supported but only maintained in the 73-79 area. However, it still hasn't really broken through the 73 zone. This morning, DXY is still under pressure and gold has leveled off. There is a possibility of going...
October 23rd: XAUUSD awaits buying later in the day. due to the effects of war The main trend for XAUUSD is still up. In the short term, gold may return to the 1950 support zone before finding its next direction. Currently, traders must wait for further short corrections in gold for the best buying opportunity. ✅Reference: (Priority sale) 🔵 Purchase in the...
👉 Gold continued to be a strong bullish candle yesterday without any major corrections, with the price retesting the previous breakout zone of 1945 and then surging back to the expected zone of 1985. 👉 In the second half, prices remained within the short-term moving average band, extending the bullish momentum. The 1982-1985 zone is a strong resistance zone. If...
Gold Analysis October 20: Dovish Fed supports gold prices - Fundamental analysis: Gold support soared to almost $1980 yesterday as geopolitical tensions escalate. In addition, the Fed's "moderate" statement also led to a surge in gold prices. Fed Chairman Jerome Powell said the policy is hawkish and that the Fed will be "cautious" in making policy decisions. He...
Federal Reserve Chairman Jerome Powell said that although inflation has cooled, the Fed remains committed to achieving its 2% target. In a speech in New York on October 19, Chairman Jerome Powell acknowledged that tightening policy had brought inflation back under control, but stressed that the Fed must remain cautious in pursuing its goals. . “Inflation remains...
The world war situation has not cooled down and many powers such as Russia, America and China are showing signs of getting involved. This is why I firmly believe that gold will increase in the long-term trend, let's see. Consider my analysis for today. Gold analysis: - The drop in gold prices from $1,962 to $1,938 could be a sign of seller participation. - All...
Gold Analysis October 19: Fed Chair Speaks - Fundamental analysis: Yesterday, gold prices rose by more than $40 from 1922 to 1963, and then fell by around 1950. The reason for supporting gold at this point is probably still the conflict between Israel and Palestine. The current war is extremely unilateral, with the United States claiming to be behind Israel, but...
Federal Reserve Chairman Jerome Powell is scheduled to deliver a major policy speech on October 19th. The aim is to convince the market that the relevant central banks will continue to keep the inflation regime in check, but perhaps not, and that there will be some "easing" going forward. The first monetary policy plan was submitted to the New York Economic...
Currently, gold has fluctuated quite gently as the influence from the FED and the war has gradually dissipated. The market will focus on tonight's US retail sales, if retail sales are announced well. Gold will be under pressure but not much. If the announcement is bad, gold will increase sharply until at least 1950. . Summary of previous ideas: sell at the peak ....
Detailed analysis of Gold, XAUUSD and Gold on October 18th 📍Current price: 1929 🎯Expected discount: 1908-1888 ✅Reference: (Priority sale) 🔴 Sales in the 1950-1953 price range (sold in 1958) 📣Spot gold fell below the $1,920 mark during trading, restrained by the rise in the US dollar, but continued to rise after that, but was still partially affected by the fact...
The market's fluctuation range after yesterday, October 16, seems to be a sideways wave and a slight recovery to the 1900 area to wait for the next trend of the war situation. You can consider buying and selling support and resistance areas according to technical analysis. ✅✅Supports to note: 👉1910-1908: Thin support during the day, you can consider BUY upside if...
- The correct purchase price was determined at yesterday's meeting... - Today's session is bullish... 🔴Yesterday, bar D1 had a doge candlestick market and H1 created a small triangle pattern indicating the end of the downward correction wave. In this morning's Asian session, gold is up by a massive 194x, with further upside potential. 🔴 "The Palestinian-Israeli...
Economists said the Fed had completed its monetary tightening cycle, reducing the chances of the U.S. going into recession. In the Wall Street Journal's latest quarterly survey, economists and business leaders lowered the odds of the U.S. going into recession next year from an average of 54% in July to a more optimistic 48%. This is the first time since the middle...
Gold prices fell on Monday, but reversed after rising safe-haven demand led to a series of strong gains in the yellow metal as attention remained focused on the potential impact of the crisis. War between Israel and Hamas. The yellow metal saw some profit-taking after rising more than 5% last week as the outbreak of the Israel-Hamas war sent investors to safe...
Gold Analysis October 16: War risk sentiment supports Gold price - Fundamental analysis: Gold had the most exciting trading session of 2023 when it increased from 1868 to 1932. The war between Israel and Hamas suddenly escalated when the Israeli government warned more than 1 million in northern Gaza to evacuate the area. Haven products such as Gold are supported...
At least 30 US citizens died in the Israeli-Palestinian conflict According to CNN, on October 15 local time, a US State Department official said at least 30 US citizens were killed in the conflict between Palestinians and Israel. The official said the United States is "cooperating with the Israeli government on all aspects of the hostage crisis, including sharing...