The international market had its second consecutive decline after the US announced more information on employment, unemployment rate and PMI index. The world gold spot price is around the threshold above 2,301 USD/ounce, down more than 4 USD/ounce compared to the previous trading session in this market. During the session, the world gold price increased sharply...
Gold prices reversed after yesterday's plunge immediately after the US Federal Reserve (Fed) decided to keep the standard interest rate unchanged at 5.25% to 5.5%. Both Fed Chairman Jerome Powell and state Fed officials in the US have expressed reluctance to start cutting interest rates until they are more confident that inflation is on track toward goal 2....
Gold is still trying to operate above its $2,300 base price after Thursday's wild swings, with the market focusing particularly on non-farm payrolls data to be released on this trading day. ADP jobs data exceeded expectations in April and March data was revised upward, suggesting the US labor market remains strong and stable. The gold market's focus has shifted...
What a WILD week we had! Last week was insanely noisy between the FOMC on Wed, NASDAQ:AAPL earnings on Thursday, and NFP on Friday. This coming week of May 5th offers very little in the way of news catalysts, so it will be great for us TA based traders. So far, all of our weekly objectives have been playing out - and nothing has really changed from my perch...
Hello traders ,what do you think about GOLD? On Friday, gold could not grow according to the published economic statistics and had a back-and-forth movement. In the coming week, it is expected to grow at least to the specified levels by reaching the specified support zone. If this post was useful to you, do not forget to like and comment.❤️
FX:XAUUSD continues to form the phase of correction. The price stops in the zone of 0.236 fibo, but the candlestick setup on D1 is forming multidigit. The struggle between buyers and sellers for 2285 continues. Last week was fundamentally rich, but the market reaction is weak, sellers are actively selling out any buying activity. A pre-breakdown setup is...
Hello everyone, let's explore today's gold price situation! Yesterday, gold experienced significant fluctuations in response to two major news events: the Non-Farm Payrolls report and the unemployment rate. Following these updates, gold prices initially surged to $2320 USD, then dropped to $2277 USD, before finally stabilizing around the $2300 USD mark. However,...
Spot gold continued to show an adjustment trend this week due to factors such as profit-taking by bulls and the dissipation of geopolitical risks. The market price continued to fall, reaching the lowest level of 2277.18. Although the closely watched non-agricultural data was bullish for gold, the boost to gold's performance was limited. The price of gold shot up...
✍️ NOVA hello everyone, Let's comment on gold price next week from 5/6 - 5/11/2024 🔥 World situation: Gold's initial gains were wiped out on Friday due to disappointing Nonfarm Payrolls data from the US Bureau of Labor Statistics, indicating a slower jobs market. Despite briefly nearing a daily high of $2,310, it didn't surpass May 2’s high of $2,326 and...
Perseverance without direction and purpose is futile. Many things require us to have a clear direction and purpose, and then perseverance will make sense. In daily trading, we need to have the right direction, and then work hard to stick to it, and success will be within reach. The 4-hour moving average of gold is still in a short position. Now the...
Hello everyone, it’s Friday again. Today is the last trading day of the week. Friday's trading is usually the most complicated and today there is news on the US April non-farm payrolls data and the US April unemployment rate. We need to do a split on today's transaction. Let everyone know how to proceed with today's transaction. Gold prices have been trading...
Hey traders, In this post, we will compare investing, trading and gambling . 📈 Investing Investing is the act of putting money in a financial market with the expectations of a long-term positive return. The investing decisions are usually made using fundamental analysis. The main goal of an investor is to predict the long-term market trends and benefit on...
market will open tonight and going to downward my target 2130
Yesterday, the price of gold soared rapidly due to the impact of the U.S. unemployment rate in April and the seasonally adjusted U.S. non-farm payroll data in April, but the price quickly returned to below the downward trend line. The price still rebounded in the later period, but did not break through the downward trend line. This shows that news events only...
Falling wedge pattern forms in an overall bullish trend. As we can see on H4 chart of the Gold Usd pair, We have a classic falling wedge forming. Breakout of this falling wedge will push gold prices higher with initial targets of 2340 - 2375 and final target of the psychological level 2400. Confirmation of the targets will come after an H4 close and retest of...
What happened was exactly what I explained: liquidation of all buyers who were positioned in this bullish range, and a big cash grab at $2292. The price now seems to be rising again. Yesterday, we bounced on an Order Block at H4. The CHoCH on HTF will really be confirmed at $2,346, but if we break $2,328, I'll buy LTF again. Feel free to subscribe and boost...
Gold prices reversed their gains after initially recovering above a key support level today, with momentum hindered by persistent expectations of higher U.S. interest rates over an extended period. The precious metal briefly returned to the $2,300 per ounce mark in overnight trading following the U.S. Federal Reserve's indication that there would be no immediate...
Hello all dear traders! Let's discuss and strategize our new day! The end of the week above the 2,300 USD mark shows significant achievements and a positive short-term outlook for this metal. However, gold's decline is expected to deepen if purchasing power in Asia decreases. Talking about the medium term, I still maintain strong belief that the technical...