Analysis Expansion: In the current market environment, gold continues to demonstrate strong upward momentum. Technically, the price has found support in the 2705-2710 range, with the RSI indicator consistently remaining in the bullish zone, suggesting that the market sentiment remains tilted toward the bulls. A breakout above the 2721 level would confirm the...
Currently, the gold market is supported by escalating geopolitical tensions and the strong market expectation of an interest rate cut by the Federal Reserve next week. Gold prices have now approached the $2700 level. From a technical perspective, gold has broken above the 50-day moving average, with the Relative Strength Index (RSI) showing a bullish signal,...
Spot gold continues to extend yesterday’s bullish momentum, driven by a combination of factors, including growing concerns over global geopolitical tensions, an increased demand for safe-haven assets, and market expectations of potential rate cuts from the Federal Reserve. These fundamental factors have provided strong support for gold prices. From a technical...
Geopolitical Tensions Drive Short-Term Gold Rally – Strategic Approach for the Next Move In recent sessions, geopolitical tensions, particularly Israel's military actions in Syria, have spurred risk-off sentiment, driving gold prices higher in early trading. However, despite the short-term surge fueled by geopolitical risks, gold prices have failed to break above...
Analysis: Today, the gold market is experiencing relatively stable volatility, as market participants await the release of key economic data later this week, particularly from Wednesday to Friday. These reports will have a direct impact on gold’s short-term price direction and provide important insights into market sentiment and capital flows in the coming days....
Market Review and Outlook: In the early hours of Thursday’s Asian session, spot gold saw a 0.5% decline, hitting a two-day low of 2620.83. The dip was primarily driven by a rebound in the U.S. dollar and selling pressure after the failed rally in gold prices. Given that today coincides with the U.S. Thanksgiving holiday, the economic data calendar is light, and we...
Market Review and Outlook: During the Asian session on Wednesday, gold attracted some follow-up buying, successfully holding support around the 2630 level and moving up to face significant resistance near the 2650 mark. The ongoing geopolitical risks related to the Russia-Ukraine conflict, coupled with concerns over President-elect Trump's tariff plans, have...
Market Review and Outlook: As anticipated in my previous post, gold has been trading within a range, primarily between the 2600 and 2630 levels. Although there was a brief breakout above 2630, the price ultimately formed a long upper wick on the daily candle, indicating strong resistance at this level. This reinforces the idea that 2630 remains a crucial...
Market Review and Outlook: Since yesterday’s sharp decline, gold has found strong support around the 2600 level, with resistance capping the price below 2630. As a result, gold is expected to remain within the 2600-2630 range today, with limited movement outside of this zone. The main reason for this confined price action is the upcoming release of the Federal...
Market Review and Outlook: Dear traders, today’s shorting strategy around 2688 has likely provided profits for those who followed the signal—congratulations to those who seized this opportunity! For those who missed it, don’t worry; there are still plenty of chances ahead as the market continues to offer ample trading opportunities. The sharp decline in gold...
Fundamental Analysis: Gold prices have reversed last week’s upward momentum as safe-haven sentiment continues to diminish. Positive developments in the Middle East have contributed to this shift, with Israel’s ambassador to the United States confirming that a ceasefire agreement with Lebanon’s Hezbollah could be reached within days. This news has triggered a...
Market Overview and Weekly Recap On the final trading day of the week, gold remains in a bullish trend, with minor pullbacks offering opportunities to re-enter the market. This aligns with the bullish strategy I have advocated since Monday. Traders following this approach have likely enjoyed significant gains this week. Trading Strategy for Today Key Approach:...
Market Performance and Fundamental Analysis Gold prices climbed further today, affirming our bullish stance since the beginning of this week. Traders who have followed this strategy are already seeing solid returns. 1. Geopolitical Risks Driving Safe-Haven Demand The escalating Russia-Ukraine conflict has heightened global market concerns, boosting the appeal of...
Today, gold prices rebounded sharply from the lows, driven by heightened safe-haven demand following news of North Korea’s potential involvement in the Ukraine conflict. Prices surged from 2622 to 2650, aligning with my recent emphasis on prioritizing long positions in gold. Those who followed this approach should have seen significant gains in their...
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Gold experienced a brief rebound today, rising nearly $15 during the Asian session. This rally is primarily driven by an oversold bounce, and while there may still be some upward movement during the U.S. session, the overall trend remains bearish. Since Trump's election victory, the U.S. economy has continued to show strength, further driving the U.S. dollar...
This week, it is essential to prioritize a bearish stance on the gold market, aligning with the prevailing downtrend. As analyzed yesterday, the broader environment remains unfavorable for gold. Trump’s recent election victory continues to strengthen the U.S. dollar, and given his focus on boosting the American economy, gold is likely to face sustained downward...
On Monday, gold faced a severe downturn, plummeting by $60, setting a bearish tone for the week. Fundamental Analysis: Following Trump's victory, the U.S. dollar strengthened as investors anticipated a shift from the Federal Reserve toward a less dovish stance. The market expects that Trump’s proposed economic policies will pave the way for high economic growth...