📌GBP/USD eases from 1.2765, keeping gains modest. GBP/USD hit a two-day peat at 1.2765 during the US session, as US data showed core PCE inflation held steady at 2.8% yoy in the month Private. The pair retreated later as risk aversion triggered demand for the US Dollar. 📌The possibility of the FED cutting interest rates in September is quite low. As the Fed has...
World gold prices reached the highest level of the last two weeks around 2374. Gold was supported by the weakening of the USD and the decline in US government bond yields after the latest labor market data. The ADP report of private companies added 152,000 jobs in May, much lower than forecast and compared to recorded in the previous month, this is the lowest...
In response to yesterday evening's news, US Treasury yields continued to decline, providing support for gold and lifting it to a new weekly high during Thursday's Asian trading session. Currently, the market's focus is on the upcoming release of the US weekly Initial Jobless Claims data for further direction. In the meantime, let's focus on the...
Gold (XAU/USD) continues to attract buying activity for the second consecutive day, climbing to a two-week high around the $2,375 region during the European session on Thursday. From a technical perspective, the momentum beyond the $2,364 region, or last week's high, is seen as a fresh trigger for bullish traders. That said, mixed oscillators on the daily chart...
About 6 o'clock on June 7, today's gold price of the world traded at 2,376 USD/ounce, an increase of 21 USD from the same price as the previous day was 2,355 USD/ounce. World gold price fluctuated in the context of the European Central Bank (ECB) for the first time since 2019, down 0.25 points of interest rate. This move makes the market raise expectations that...
The world gold price continued to increase with spot gold increased by 20.4 USD to 2,376 USD/ounce. Future gold traded at 2,395.1 USD/ounce, up 19.6 USD compared to the dawn. The price of gold continues to increase and reach the highest level in 2 weeks when the US bond yield falls after the latest labor report. The published data shows that the "cooling down" of...
GOLD BUY NOW 2358.00 TAKE PROFIT 1 : 2362.00 TAKE PROFIT 2 : 2373.00 TAKE PROFIT 3 : 2403.00 STOP LOSS 2344 When hitting targets ; Set Break-Even after the first target. Partial close at minimum 40-50 pips. Implement minimum 2 layers in the zone. Please follow a sensible and responsible money management strategy when trading. You should never invest money...
Gold prices fluctuated today amid weaker-than-expected US employment data. Since then, the market has speculated that the country's economic growth will slow down. Investors strengthen expectations that the US Federal Reserve (FED) will cut interest rates by the end of 2024. Accordingly, US bond interest rates dropped to 4.2%, meaning the value of bonds...
World gold prices increased sharply with spot gold increasing by 29.3 USD to 2,355.6 USD/ounce. Gold futures last traded at $2,375.20 an ounce, up $27.80 from the bright spot. World gold prices edged higher midweek, supported by a weakening USD and falling Treasury yields after the latest data showed the labor market cooling. According to ADP's report, private...
Gold continued to fall and traded below $2,330 on Tuesday, erasing most of Monday's gains in the process. Renewed US dollar strength drags XAU/USD lower as markets take a cautious stance ahead of US data. The $2,360 area (Friday's high) acted as a barrier for gold and caused gold to fall sharply as the strength of the PMI news was not enough to break this...
Gold Prices Dip Despite Lower US Treasury Yields Gold prices fell late in Tuesday's trading session amid risk-averse sentiment, despite a drop in US Treasury yields. Recent US economic data indicates a slowing economy, which supports lower interest rates. Nevertheless, XAU/USD continues to trade around $2,328, with a bearish outlook as gold remains within a...
Currently, investors are focusing on the ADP private sector employment report, expected to be released today, June 5th, and the non-farm payroll data on June 7th to gauge the health of the US labor market. These reports will provide further insights into whether the Fed might delay its rate cuts in September. If the employment data is weaker than expected, gold...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Bearish Channel as an Corrective Pattern in Short Time Frame RSI - Divergence Fibonacci Level - 78.60% Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves Break of Structure
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
At the start of trading on June 4th, gold prices rebounded slightly as investors remained hopeful that the declining inflation in the US would prompt the Federal Reserve (Fed) to cut interest rates soon. Currently, gold is stabilizing around the $2347 mark. Additionally, gold prices are being supported by a slight decline in the USD, and it is expected that gold...
BUY zone 1.27500 SL 1.27300 Retest fibonacci 0.5. Retesting the EMA 34 and EMA 89 is the perfect retracement for a long uptrend. This is also the DOW breakout area clearly seen in frame h2 GOOD luck to everyone
these scenarios I expect with confirmation but I would like it to go down first and look for purchases since the structure is bullish
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Falling Wedge as an Corrective Pattern in Short Time Frame Break of Structure RSI - Divergence Fibonacci Level - 23.80% Completed " 123 4-wxy " Impulsive Waves