- Gold prices, closed lower for the second consecutive week while posting a fourth monthly gain. This suggests a complex market situation with potential short-term bearish sentiment but long-term bullish factors. After reaching an all-time high of $2,449.89 on May 20, gold prices have faced downward pressure, possibly due to profit-taking or long-liquidation by...
The U.S. PPI data in April was strong, rising 0.5% month-on-month, 0.3% higher than expected. Core PPI also rose 0.5%, while the expected 0.2% was. However, both March PPI and core PPI were revised down from 0.2% to -0.1 %, the sharp downward revision of March PPI moderated the unexpected increase in April PPI. Powell's speech was also half hawkish and half...
Gold rebounded today relying on support near 2332, and the European market rebounded to around 2348. At present, the long and short positions are not very clear. 2355 is the key and watershed. The short-term trend is somewhat strong, and there may be an upward impact test in the evening. At the top, focus on the key watershed of 2355, and on the bottom, focus on...
Currently, gold has returned to the downward trend after Friday's plunge. As long as the trend does not change, then a rebound is a good sell opportunity. After the sharp drop on Friday, the gold trend will definitely be adjusted, so we can buy low and sell high in the range of 2315-2285. Now we should not rush to enter, wait for the rebound to the previous low...
Gold rate forecast Based on latest US reviews, marketplace analysts expect that it's miles probably that the Fed will begin slicing hobby prices in November. However, in line with professionals, after the European Central Bank (ECB) reduce hobby prices through 25 percent factors final week, boosting expectancies that the Fed will begin slicing hobby prices in...
Today, gold maintained a volatile correction. Although the fluctuation was not large, we still made relatively good profits in both long and short transactions. First, we bought gold near 2292 and set TP: 2300; obviously, gold successfully hit our target during the rebound; then we sold gold in batches near 2301 and 2308. When gold fell back to around 2302, we...
On Tuesday, data showed that the U.S. PPI growth rate in April was 0.5%, much higher than the expected 0.3%. After hearing the news, traders reduced their bets that the Federal Reserve will cut interest rates for the first time in September. The possibility of an interest rate cut in September is estimated to be 60%. , while the probability before the report was...
Dear Traders, OANDA:XAUUSD we have updated our views on gold, in our opinion price is likely to continue the bullish momentum from this moment onwards, next possible targets are 2390$ and 2450$. However, if current strong resistance upholds then price can drop 2290$ or 2280$ region can be strong opportunity where buyers can strongly rebound. **If you like...
Dear Traders, Price is dropping nicely towards our area our entry point , we expecting price to fall around our area on Thursday or Friday. With accurate risk management, we can target 2200 pips. **If you like our idea then like, comment and follow us for more** Team Setupsfx_
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: The People's Bank of China (PBoC) stopped buying gold in May, after 18 months of continuous purchases. This has weakened the price of gold. However, there is some support for the safe-haven XAU/USD due to a cautious market mood. Traders are hesitant to make aggressive bets before important US data and...
After yesterday's rise, the divergence of the gold indicator has been repaired. Today, it fell again and is currently near the small-level support. There is a rebound demand, and the resistance is near 2340. In the big trend, the shorts have more advantages. 2368 is still a strong resistance. Before that, 2352-2363 is an important resistance. In terms of...
Last week was volatile and, most importantly, an interesting week for XAU/USD traders. In light of new developments in the market, a more in-depth analysis is needed to address the question of whether gold will drop to 2200. Weekly Chart Analysis: Initial Observations: As we can see, 2024 started with consolidation and a slight correction of the initial leg...
Today is the first trading day after gold fell $100 in a single day. After the sharp drop on Friday, the bearish atmosphere of gold is quite strong. Today, gold rebounded after reaching the position of 2287, and encountered resistance near the position of 2298 several times. Relatively speaking, the rebound strength is weak. In general, gold is consolidating...
i am expecting bullish but first down move in xauusd
For XAUUSD today analysis, I am expecting a Bullish move from M30 OB 2300-2303 area
It is obvious that gold has been fluctuating and adjusting in the past two days, which is the same as we expected, but the amplitude is even smaller. The market rhythm is relatively slow, and it has been in a narrow range around 2315. Such a small fluctuation indicates that a big market is about to appear. Today is about to usher in the CPI + Federal Reserve...
Here on Gold price has been falling after the news released of Non- Farm Payroll so it made some up moving this is like to fall after the retetest . So is expected to go for SHORT and apply money management.
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