Ichimoku cloud resistance we mentioned yesterday. With a recent high at $1,948, Gold seems to have stopped its advance where we find the 61.8% Fibonacci retracement of the entire decline from $1,983. The $1,948-52 area in a confluence of important resistance. The RSI in the 4 hour chart has reached the overbought level and is […]
Futures for US stock indices are trading in the green. S&P 500 futures have gained 0.2%, while the high-tech NASDAQ has added 0.3%. The yield on 10-year treasury bonds remains near a three-week low, as traders now focus more on tomorrow’s US employment report. The European Stoxx 600 index is also in the green, boosted […]
On Thursday, Bitcoin started the trading session with a decline. At the time of writing the article, the BTC price hovers near $27,276. According to the CoinMarketCap website, which tracks virtual asset quotes, Bitcoin reached a high of $27,553 and a low of $27,069 yesterday. Yesterday, BTC’s price jumped above $27,434. The cryptocurrency saw a […]
Potential for the further growth on the Gold… The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Video market update for April 08, 2024 April 8, 2024 Potential for the breakout on the USD/JPY…. The material has…Market Comment – Stocks climb after sizzling US jobs report April 8, 2024 Nonfarm payrolls smash forecasts, […]
Technical analysis: Gold has been trading upside and the market broke resistance cluster at $1.945 with the rising in momentum. Which is sign that there is change for the further upside continuation. Due to the strong upisde momentum and no major signs for the reversal, I see potential for the further growth towards upside references. […]
XAU/USD extended its growth as expected and now is trading at 1,944. You knew from yesterday’s analysis that the yellow metal activated more gains. Still, after its strong growth, we cannot exclude a minor retreat as the price could test and retest the immediate support levels before resuming its swing higher. Fundamentally, the price of […]
The slowdown in the pace of private sector job growth proved to be more moderate than previously forecasted, which somewhat dampens the sentiment. HP company experienced a decline in its value due to reduced profit forecasts for the fiscal year. While the report on credit card fee increases pushed Visa and Mastercard stocks upward, Nvidia […]
Gold price continues to move higher as price approaches the $1,952 level where the Daily Kumo (cloud) is found. Price is making higher highs and higher lows in the near term supporting a bounce higher. In previous posts we noted that as long as price respected the $1,910-15 area, short-term trend will remain bullish and […]
US stock index futures are trading in the green. S&P 500 futures have risen by 0.1%, while the high-tech NASDAQ has gained only 0.2%. European stock market and bond market have declined after news indicating that inflation in Eurozone member countries is still far from its target level. Germany’s 10-year bond yield surged by seven […]
EUR/USD Higher Timeframes The attraction and influence encountered around the 1.0807–35 support levels managed to halt the decline. Bullish traders, taking advantage of this pause, began to recover their positions. Yesterday, they took control of the daily short-term trend and rose to challenge the resistance of the weekly medium-term trend (1.0898). The next resistances on […]
The price of gold is trading in the green at 1,939 at the time of writing. The upside pressure is high as the Dollar Index is bearish. USD’s depreciation should push the yellow metal toward new highs. Temporary retreats could bring us new longs. Fundamentally, the US is to release high-impact data later, so XAU/USD […]
According to one market strategist, George Milling-Stanley, chief gold strategist at State Street Global Advisors, activity in the precious metals sector will increase over the next few weeks. This is due to the approaching major holidays and festivals in the USA, as well as the Indian festival of lights, Diwali, in November, when demand for […]
Let’s take a look at the technical picture of EUR/USD, USD/JPY, Gold and Bitcoin. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Bitcoin: Target for this bull cycle is $300,000 April 8, 2024 The Bitcoin exchange rate has significantly strengthened after a series…Weekly forecast based on simplified wave analysis of… April 8, […]
Potential for the further rally on the Gold … The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Video market update for April 08, 2024 April 8, 2024 Potential for the breakout on the USD/JPY…. The material has…Market Comment – Stocks climb after sizzling US jobs report April 8, 2024 Nonfarm payrolls smash […]
Gold is traditionally seen by investors as a hedge against inflation. However, it is not inflation that drives the XAU/USD quotes, but recession. In the spring, the precious metal confidently rose towards historical highs amid expectations of an impending downturn in the U.S. economy. However, a stable labor market and positive macroeconomic indicators suggested a […]
Technical analysis: Gold has been upside as I expected and the price has reached the first upside objective around $1.940 and there is still chance for the further growth. Due to the strong upside momentum and weak pullback, I see potential for the further growth towards upside references. Upside objectives are set at the price […]
From the daily chart of silver commodity assets, we can find a deviation between the CCI Histogram indicator where the price of Silver forms a Double Bottom pattern which also happens to be currently in the midst of the Mercury Retrograde phenomenon so that upward pressure is quite significant on this commodity asset which is […]
The price of gold rallied and now is located at 1,926 at the time of writing. The upside pressure is high, so more gains are natural. I’ve told you in my previous analysis that XAU/USD could extend its growth despite minor retreats. Fundamentally, Gold edges higher as the US JOLTS Job Openings and CB Consumer […]
Gold price is under pressure today. Price is trading around $1,915 after making a high at $1,925. Price is currently trading below the tenkan-sen (red line indicator). Next support is the kijun-sen (yellow line indicator) at $1,913. According to the Ichimoku cloud indicator trend remains bullish. A break below the kijun-sen will open the way […]
According to Ole Hansen, head of commodity strategy at Saxo Bank, the U.S. economy will enter a period of very sluggish growth combined with persistent inflation in 2024. This means that precious metals such as gold and silver are likely to begin actively rising in value. Saxo Bank recently adjusted its U.S. economic forecasts for […]
Potential for the further rally on the Gold The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Video market update for April 08, 2024 April 8, 2024 Potential for the breakout on the USD/JPY…. The material has…Market Comment – Stocks climb after sizzling US jobs report April 8, 2024 Nonfarm payrolls smash forecasts, […]
Technical analysis: Gold has been trading upside yesterday and I found breakout of the resistance at $1.922, which is good sign for the further rally. Due to the breakout of the resistance cluster and the upside momentum, I see potential for the further growth towards upside reference. Upside objective is set at the price of […]
On this freshly brewed Monday, Wall Street soared to new heights, with 3M and Goldman Sachs stocks rising in anticipation of crucial data on rising inflation and employment trends that will unveil the Federal Reserve’s future steps. All three major stock indexes experienced an upswing as investors absorbed remarks made by Fed Chairman Jerome Powell […]
The value of the net short dollar position fell by $2 billion to -$14.3 billion over the reporting week, according to CFTC data. Most currencies had minor changes, except for the Japanese yen, which is rapidly being sold off. Additionally, it’s worth noting that futures for most commodity currencies, as well as for oil, copper, […]
Monday morning saw Bitcoin began the week with a decline, maintaining this trajectory throughout the day. As of the time of writing, the value of BTC hovers near the $26,114 mark. According to CoinMarketCap, over the past 24 hours, Bitcoin’s peak price reached $26,165, with a low of $25,991. Meanwhile, the cryptocurrency market experienced diverse […]
The price of gold rallied in the short term and now is trading at 1,923 at the time of writing. It has increased by 1.17% from Friday’s low of 1,903 to 1,926 today’s high. You knew from my previous analysis that XAU/USD could extend its growth despite temporary retreats. On Friday, the yellow metal registered […]
Gold price is in a bullish trend in the 4hour chart according to the Ichimoku cloud indicator. The bullish trend is valid as long as price holds above the Kumo (cloud). Support by the tenkan-sen (red line indicator) is at $1,912. The upper cloud boundary provides support at $1,906 and the kijun-sen (yellow line indicator) […]
The latest weekly gold survey shows that for the week ending on September 1st, most retail investors anticipate an increase in gold prices. However, market analysts are more cautious about the situation, with opinions evenly split. This comes after Fed Chairman Jerome Powell’s speech in Jackson Hole on Friday made it clear that the Federal […]
Potential for the further rally on Gold… The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Video market update for April 08, 2024 April 8, 2024 Potential for the breakout on the USD/JPY…. The material has…Market Comment – Stocks climb after sizzling US jobs report April 8, 2024 Nonfarm payrolls smash forecasts, reaffirming […]
EUR/USD Higher Timeframes Despite closing below key attraction levels, which are still combined in the 1.0807 – 1.0835 zone, their influence on the current situation remains. After liquidating the weekly golden cross of Ichimoku at 1.0807, the primary focus will shift to the passing of the monthly medium-term trend support, currently situated at the 1.0725 […]
