Gold price is trading around $1,920. Bulls failed to push price above the Kumo (cloud) resistance. Price is showing rejection signs in the daily chart as price is turning lower after testing the cloud resistance. Gold is trading below the tenkan-sen (red line indicator) and is now challenging the kijun-sen (yellow line indicator). A daily […]
US stock futures plummeted during yesterday’s session and continued their downward trend today with significant losses. The S&P 500 futures dropped by 0.5%, while the tech-heavy NASDAQ shed over 0.7%. Treasury bonds continued to slide, but the dollar strengthened. Meanwhile, the European Stoxx 600 index fell more than 1%, with all sectors in the red. […]
Technical analysis: Gold has been trading downside as I expected and I found fake breakout of the resistance in the background and breakout of the rising channel, which is good sign for the further drop. Due to the breakout of the rising channel and the short-term downside trend, I see potential for the further drop […]
Yesterday, the dollar received hawkish momentum from the Fed, propelling the USD/JPY pair to a new 10-month high of 148.47. This significantly heightens the risk of currency intervention from Tokyo. Traders now fear that Japanese authorities might defend the yen as early as tomorrow, especially if it weakens further against the dollar following the dovish […]
Gold price is trading around $1,932. Although price is not making a new higher high, price is very close to entering the Kumo (cloud) and turning trend to neutral from bearish. The upper cloud boundary is at $1,940 and bulls need to break above this level in order to turn trend bullish. Gold price has […]
Compared to the opinion of analysts from the joint research company ANZ Research covering Australia, New Zealand, and Asia, Capital Economics analysts hold a different view regarding gold. They believe that by the end of 2023 gold prices will fall to $1900 per ounce. This is due to the continued growth of the U.S. economy […]
If the market doesn’t go where investors expect it to, there’s a greater likelihood that the market will go in the opposite direction. Such an unfavorable external environment for gold hasn’t been seen in a long time. The strong U.S. economy amid stagflation in Europe gives the green light for a rally in the U.S. […]
In a brief market review: Maplebear shares began with a rise. Disney faced problems after doubling investments in its amusement parks. Canadian inflation accelerated due to rising fuel prices. Bill Norton of U.S. Bank Wealth Management highlights the importance of the Fed meeting and potential changes in its communication. “Markets are looking for detailed information […]
Gold price is trading around $1,931 after making a high today around $1,936. Bulls are now testing the cloud resistance in the Daily chart. A rejection at current levels if combined with a decline below $1,918, will be a bearish sign. At $1,918 we find support by the tenkan-sen (red line indicator) and the kijun-sen […]
Activity in the cryptocurrency market is gradually increasing amid investors’ strong confidence that the key interest rate will not be raised at the upcoming Fed meeting. The market is becoming more positive, which could lead to a strong upward movement in the near future. Yesterday, Bitcoin managed to make an upward leap above the $27k […]
The euro-dollar pair is attempting to develop a correction ahead of the announcement of the outcomes of the September meeting of the Federal Reserve. As the American session draws to a close on Wednesday, the Fed will announce its verdict, determining the fate of the greenback, at least in the medium term. This is the […]
Let’s take a look at the technical picture of EUR/USD, USD/CAD, USDX and Gold. 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 analysis of… April 8, […]
According to analysts from ANZ Research (Australia, New Zealand, and Asia), gold is increasingly regaining its luster. Even when the U.S. dollar index reached a six-month high amid rising Treasury yields, gold briefly dipped below the $1,900 level. This indicates the resilience of the precious metal and is an excellent sign of increasing demand. It […]
EUR/USD At the end of Monday, the euro and other currencies remained mostly unchanged. Gold was up 0.56% amid declining government bond yields. This hidden desire of investors to see the beginning of a Federal Reserve monetary policy easing at tomorrow’s meeting can still be discerned. Meanwhile, another potential reason for the dollar’s weakness is […]
Early in the American session, gold (XAU/USD) was trading around 1926.77 above the 21 SMA and below the uptrend channel formed on September 14. In the H-1 chart, during the European session, we could see that gold reached the resistance of 1930, forming a double-top technical reversal pattern. This level represents a strong resistance zone. […]
Gold price is trading around $1,925. In Ichimoku cloud terms ,trend remains bearish as price is still below the Kumo (cloud). Price is trading above the tenkan-sen (red line indicator) and the kijun-sen (yellow line indicator). The Chikou span (black line indicator) is moving above the candlestick pattern (bullish). Some of the indicators in the […]
Technical analysis: Gold has been trading upisde in the background but I found test and reject of the key resistance level at $1.930, which is good sign for the further downside movement. Due to rejection of the resistance level and the downside trend, I see potential for the further drop towards lower references. Downside objectives […]
The latest weekly gold review pointed out the gradual easing of pessimism in the market. However, analysts remain with their cautious bias. Daniel Pavilonis, Senior Commodity Broker at RJO Futures said gold will likely show weakness in the coming days, following its confinement in the range between $1900 and $2000. On the other hand, Mark […]
Potential for the downside movement on the Gold and GBP… 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, […]
Crypto Industry News: Robert Kiyosaki once again praised cryptocurrencies. He said they were “the future.” In contrast, he characterized fiat money as counterfeit. The famous author of books on financial intelligence has re-entered the topic of cryptocurrencies. On social media platform X, Kiyosaki noted that a “big cryptocurrency conference” was taking place in Singapore. He […]
Overview: The GBP/USD pair broke resistance which turned to strong support at the level of 1.2377 yesterday. The level of 1.2377 coincides with a golden ratio (23.6% of Fibonacci), which is expected to act as major support this week. The Relative Strength Index (RSI) is considered overbought because it is above 55. The RSI is […]
Early in the American session, gold is trading around 1,926.41, bouncing after hitting a low at 1,900.77 yesterday in the American session. This strong recovery of gold reached a high of 1,930.39, the level coinciding with a strong resistance zone of September 9. This bullish movement in gold has a fundamental aspect and is triggered […]
The price of gold rallied and now is located at 1,927 at the time of writing. It has increased by 1.55% from yesterday’s low of 1,901 to 1,930 today’s high. It has edged higher as the Dollar Index retreated a little. Technically, the price action signaled a larger rebound. Fundamentally, the Chinese Industrial Production, Retail […]
Red lines- bearish channel Blue line- support Gold price is trading just above $1,900 after getting rejected at the upper channel boundaries last week. Resistance by the bearish channel is found at last week’s highs. Trend remains controlled by bears in the near term as long as price remains below $1,986.Downside potential implies that a […]
Technical analysis: Gold has been trading upside this morning but I found test of the key resistance zone at $1.920 and potential for the further downside movement. Due to the short-term downside trend and the test of of the key resistance, I see potential for the further drop towards lower references. Downside objectives are set […]
Potential for the further downside movement 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 […]
Demand for gold continues to dominate the precious metals markets. This is one of the major factors supporting prices amid rising bond yields and a stronger U.S. dollar. According to preliminary data from the World Gold Council (WGC), there has been a stable demand for gold in the third quarter, thanks to central bank purchases […]
Gold 1,904 Downside Obstacle! The price of gold dropped as much as 1,902 today where it has found strong demand again. Now, it’s located at 1,908 at the time of writing. Failing to stay below the former low signaled exhausted sellers and announce a potential growth at least towards the downtrend line. Technically, the downtrend […]
Blue lines- Fibonacci retracement levels Gold price is under pressure. Price broke below the 61.8% Fibonacci retracement level and is heading towards the next Fibonacci retracement. As we explained in our previous analysis, a break below $1,910 will push price towards $1,900 and most probably even lower. Gold today made a lower low at $1,900. […]
Potential for the further downside movement 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 […]
