A rebound from the Senkou Span B line on the 24-hour timeframe caused Bitcoin to start a new decline on the 4-hour timeframe. Now, we should expect a drop back to the range of $24,350–$25,211, where the fate of the leading cryptocurrency for the next few weeks will be decided once again. The first rebound […]
Even though the final IMF data hasn’t been released, the initial results of gold purchases by central banks showed that buyer activity did not decrease in September, says Krishan Gopaul, senior analyst at the World Gold Council. Last month, China remained the largest buyer, maintaining its record pace of purchasing precious metals. The country’s gold […]
Red lines- bearish channel Blue lines- Fibonacci retracement levels Gold price is trading above $1,880 and continues making higher highs and higher lows in the near term. Price remains inside the medium-term downward sloping red channel. Price as expected by our previous posts, is bouncing higher towards the upper channel boundary around $1,900 Thus far […]
Upside potential on the Gold… The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Market Comment – Stocks climb after sizzling US jobs report April 8, 2024 Nonfarm payrolls smash forecasts, reaffirming labor market strength But dollar…Behind the scenes of Wall Street’s rise: the impact of… April 8, 2024 At the end of […]
Technical analysis: Gold has been trading upside today and the price has reached first upside objective at $1.877 but I see potential for the further upside movement towards second objective. Due to the bullish short-term trend and the momentum to the upside, I see potential for the further rally towards next upside reference. Upside objective […]
For some, war, for others, their motherland. The most massive terrorist attack on Israel in decades turned gold from an ugly duckling into a beautiful swan. During periods of geopolitical turmoil, investors prefer to hold precious metals in their portfolios. Additionally, the risks of a new inflation surge amid rising oil prices are supporting XAU/USD. […]
Overview: The GBP/USD pair broke resistance which turned to strong support at the level of 1.2186 yesterday. The level of 1.2186 coincides with a golden ratio (50% of Fibonacci), which is expected to act as major support today. The Relative Strength Index (RSI) is considered overbought because it is above 40. The RSI is still […]
Red lines- bearish medium-term channel Black lines- short-term bearish channel Gold price is trading around $1,870. Price broke out of the black short-term bearish channel last Friday and provided a first sign of reversal. Price remains inside the medium-term bearish channel. When price broke out of the black channel we talked about the potential of […]
Upside potential on the Gold… The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Market Comment – Stocks climb after sizzling US jobs report April 8, 2024 Nonfarm payrolls smash forecasts, reaffirming labor market strength But dollar…Behind the scenes of Wall Street’s rise: the impact of… April 8, 2024 At the end of […]
Crypto Industry News: The new Fidelity Digital Assets report argues that bitcoin is fundamentally different from other digital assets and should be assessed separately when constructing investment portfolios. Fidelity Digital Assets is today the third largest asset manager in the world. Its analysts show great interest in BTC. In a new report, they suggest that […]
Technical analysis: Gold has been trading upside today and I found that buyers are in control and that there is the breakout of the consolidation, which is good sign for the further rally. Due to the breakout of the the consolidation and strong upside momentum, I see potential for the further rally towards next upside […]
Gold price is trading around $1,853 inside the 4 hour Kumo (cloud). Short-term trend is neutral as price has entered the cloud. Price is now challenging the tenkan-sen (red line indicator). Near term trend is unclear. Bulls need to push price above $1,870 in order to change short-term trend to bullish. The kijun-sen (yellow line […]
The employment report for the non-farm sector in the United States for September, published last week, indicates that the labor market remains robust and justifies the need for further interest rate hikes. Among the positive factors for gold are the ongoing high geopolitical uncertainty, the still-high level of inflation, potential economic growth issues, and expectations […]
Despite strengthening during today’s Asian trading session, the dollar came under selling pressure as the European session began. As is known, yesterday was a holiday in the United States due to Columbus Day. Banks and bond markets in the country were closed. There were also no significant macroeconomic data releases yesterday. Therefore, yesterday’s weakening of […]
As investors reacted to Hamas’s brutal attack on Israel on Saturday, demand for safe-haven assets increased, giving gold a new bullish momentum. Many analysts believe that the escalation of tension in the Middle East is just the latest geopolitical factor that will continue to support the precious metal in 2024. On Sunday, the Israeli government […]
Technical analysis: Gold has been trading upside in the background and support level at the price of $1.855 is on the test. In case of the breakout of the resistance $1.862 and hold above, I see potential for the further rally towards $1.877. The RSI trend is bullish. In case of the breakout of the […]
As indicated by the CFTC report published on Friday, there have been significant changes in currency positioning. Several commodity currencies, particularly those oriented toward the Chinese and Asian markets, have slightly improved their positions. This applies to the Australian and New Zealand dollars. However, European currencies have experienced sharp sell-offs, contributing to an increase in […]
The price of gold is located at 1,850 at the time of writing. After its strong rally, a retreat was natural as the rate tried to attract more bullish energy before jumping higher. XAU/USD extended its growth today as the Dollar Index dropped again. Fundamentally, the price of gold climbed higher as the US Unemployment […]
Red lines- medium-term bearish channel Black lines- short-term bearish channel Gold price is trading around $1,850. Last Friday Gold price finally broke out of the short-term black downward sloping channel it was in. Last Friday Gold chart provided a short-term reversal signal. In our previous posts we mentioned many times that it was about time […]
EUR/USD Analysis: On the chart of the European currency, the downward trend continues to dominate. The price has reached the boundaries of a powerful potential reversal zone on a large scale. Since the end of September, quotes have been forming a corrective zigzag that does not exceed the corrective level. The structure of this wave […]
Since September 20th, when the Federal Reserve left interest rates unchanged, and following the U.S. employment report that led to a drop in the spot price to a new 7-month low of $1,810.46, gold closed in the positive territory for the first time in two weeks on Friday. According to the latest weekly gold survey, […]
Seller yang If we look at the daily chart of the Gold commodity asset, it can be seen that sellers are dominating this commodity asset, which is reflected in the price movement which moves below the Moving Average, but in the candles a few days before, a Bullish Engulfing candle pattern was formed, at the […]
If we look at the weekly chart of this exotic currency pair USD/IDR, it is clear that the USD seems to still have the opportunity to continue its strengthening against the Garuda currency which is still moving above the WMA (300) with the condition of the Tenkan Sen intersecting the Golden Cross above the Kinjun […]
Demand from central banks continues to dominate the gold market. This is also an important factor explaining why, against the backdrop of rising bond yields and the steady strengthening of the U.S. dollar, the precious metal continues to hold long-term support levels. According to the World Gold Council, central banks purchased 77 tons of gold […]
Technical analysis: Gold has been trading upside this morning and I found gap up trough the consolidation high ,which is sign that buyers are in control. Anyway, there is the key resistance zone $1.857-$1.862 which will be critical for the Gold direction. In case of the breakout of the resistance at $1.860 and hold above, […]
Early in the American session, gold (XAU/USD) was trading around 1,816.34. A few minutes ago, the data from the United States about employment in the private sector was published. This caused a fall to a new monthly low for now around 1,810.40. The government Non-Farm Payrolls (NFPs) report for September exceeded expectations and reached the […]
EUR/USD Higher Timeframes The working week is coming to an end, forming another long shadow on the weekly candlestick chart. If the bulls can maintain the current result, the rebound from the weekly cloud (1.0542) may continue to develop. This means that the bullish players will start implementing the following tasks: eliminating the death cross […]
Red lines- bearish channel medium- term Black lines- short-term trend bearish channel Gold price is trading around $1,812 making new lower lows. Trend remains bearish as price continues making lower lows and lower highs inside the black short-term downward sloping channel. Our near term target is at the lower red channel boundary around $1,790. Resistance […]
Let’s take a look at the technical picture of EUR/USD, SP500 and Gold ahead of NFP-Payrolls data release. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Weekly forecast based on simplified wave analysis of… April 8, 2024 GBP/USDAnalysis:Since July last year, the main direction of price movement…Weekly forecast based on simplified wave […]
Crypto Industry News: Ledger is one of the better-known companies providing hardware cryptocurrency wallets. The company decided to establish cooperation with the Sotheby’s auction house. There has been a lot of talk about this ancient British auction house in connection with the BAYC NFT collection. From 2024, buyers of valuable digital works of art at […]
