Let’s take a look at the technical picture of EUR/USD, Gold, SP500 and USDX. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Trading Signals for GOLD (XAU/USD) for April 17-19, 2024:… April 17, 2024 Gold is trading around 2,386, within an uptrend channel, and…Forex forecast 04/17/2024: EUR/USD, GBP/USD, Gold, Bitcoin… April 17, […]
Early in the American session, gold is trading around 1,957.11, above the 21 SMA and above the 200 EMA. We can see consolidation around the 1,963 level. We expect that in the next few hours, gold could pull back with the target at 3/8 Murray located at 1,968 If this scenario comes true, we could […]
Technical analysis: Gold has been trading upside in the background and in the tight sideways range. There is potential for the breakout of the tight range. In case of the breakout of resistance of the tight range at $1.964, I see potential for the rally towards $1.969 and $1.981 In case of the breakout of […]
The most important economic indicator, the Dow Jones index, showed a confident growth of 0.14%. On this day, trading on the New York Stock Exchange witnessed a noticeable increase in major indices. The S&P 500 and NASDAQ Composite improved their indicators by 0.85% and 1.58% respectively, confirming the stability and prosperity of the current economic […]
Early in the American session, gold (XAU/USD) is trading around 1,955.31, above the 21 SMA and 200 EMA. We can see that there is a strong zone of resistance around 1,963 – 1,968. XAU/USD is consolidating after the strong movement caused by inflation data. We can see some exhaustion of the bullish force and a […]
Blue lines- Fibonacci retracement levels Gold price is trading around $1,955. Gold today reached a high of $1,963 reaching our first short-term target of $1,960, where we also find the 38% Fibonacci retracement. The 38% Fibonacci retracement is the first important Fibonacci retracement level and important short-term resistance. First try to break above it has […]
Technical analysis: Gold has been trading upside as I expected and the price reached first upside objective at $1.967. There is the chance for the second target to be on the test. Due to the breakout of the key resistance cluster at the price of $1.935 and the strong upside momentum, I see potetnial for […]
Crypto Industry News: The situation of cryptocurrencies on the American market is boiling. This confusion is caused by the actions of the SEC in relation to the Binance US and Coinbase cryptocurrency exchanges. Asia is not going to pass up such an opportunity and is opening up to cryptocurrencies and blockchain technology more than ever […]
At the closing bell on the New York Stock Exchange, Dow Jones shone with a noticeable growth of 0.25%, while the S&P 500 index bloomed by 0.74%, and NASDAQ Composite lit up with an increase of 1.15%. By the end of the day, the growth medalists among the Dow Jones components were Salesforce Inc (NYSE:CRM) […]
Early in the American session, gold (XAU/USD) is trading around 1,942.89, above the 200 EMA, and above the 21 SMA located at 1,928. We can see a strong break above the 200 EMA which was due to the inflation data that came out lower than expected by analysts. In the next few hours, XAU/USD is […]
Green line- resistance (broken) Red line- resistance (broken) Black line- bullish divergence Gold price is trading around $1,940 and has clearly broken also above the red resistance trend line. The first bullish signal came when price broke above the green trend line resistance. Combined with the bullish RSI divergence we warned traders of the increased […]
Recently, the relationship between gold prices and inflation reports has become more complex, despite the fact that the traditional cause-and-effect relationship between inflation and gold prices has always had a certain character. Under current economic conditions, the cause-and-effect relationship may prove to be invalid. Gold has always been considered a safe-haven asset and a hedge […]
The myth that gold is a hedge against inflation has long been dispelled. On the contrary, history has shown numerous examples where XAU/USD quotes fell in response to accelerating consumer prices or, conversely, rose if the CPI growth rate was decreasing. The latest example was the expectation of a slowdown in the rate of consumer […]
Technical analysis: Gold has been trading upside and I found the breakout of the key resistance at the price of $1.934, which is good sign for the further upside movement. Due to the breakout of the key resistance zone and the strong upside momentum, I see potential for the further growth towards upside reference. Upside […]
Crypto Industry News: The author of the best-selling book “Rich Dad, Poor Dad” once again announces a sensational increase in the value of bitcoin. According to Kiyosaki, BTC may rise to as much as $120,000 in the near future in a short time. The predictions of the veteran among investors are not unfounded at all, […]
Gold (XAU/USD) is trading around 1,932.20 below the 200 EMA and below the 2/8 Murray. Gold is correcting, having reached 1,938.48. In the next few hours, it is expected to continue falling and the price could reach the 21 SMA around 1,921. According to the 4-hour chart, we can observe the formation of an inverted […]
Black lines- bullish divergence Green line -resistance Red line – resistance Gold price is trading again above $1,930. Gold price has already broken above the green downward sloping resistance trend line and is now breaking above the red horizontal resistance trend line. Price action gives us a second bullish sign with price starting to form […]
Bank of America has lowered its price forecasts for gold and silver in its updated projections for the end of 2023. The regulator believes that prices for these metals will remain fairly stable until the end of the year. Compared to the previous forecast for the average gold price for the year, which was $2,009 […]
Technical analysis: Gold has been trading upside this morning and I found breakout of the key resistance cluster at the price of $1.934 Due to the upside intraday momentum and the breakout of the resistance cluster I see potential for the further growth towards upside reference. Upside objective is set at the price of $1.967 […]
Like a mirror of sparkling New York, the Dow Jones index reflected positive trends, adding 0.62%. In its rapid growth, it was not alone – the S&P 500 index shot up 0.24%, and the NASDAQ Composite did not lag behind, adding 0.18%. Analysts’ views forecast interesting shifts in the US economy. Their expectations show a […]
The price of gold rebounded after reaching the 1,912 today’s low. It’s trading at 1,925 at the time of writing. In the short term, it seems undecided, that’s why we have to wait for fresh trading opportunities. USD’s depreciation helped the XAU/USD to come to turn to the upside. Fundamentally, the yellow metal continues to […]
Let’s take a look at the technical picture of EUR/USD, GBP/USD, Bitcoin and Gold. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Trading Signals for GOLD (XAU/USD) for April 26-29, 2024:… April 26, 2024 XAU/USD is trading around 2,345 with a bullish but showing…Bitcoin slips as markets pare back Fed rate cuts […]
Green line- resistance (broken) Red line- horizontal resistance Black lines- RSI bullish divergence Gold price is trading around $1,922. Gold price has broken above the short-term downward sloping resistance trend line providing a possible reversal signal. Price has stopped at $1,934 with bulls unable to close above $1,930. For the continuation of this upward move, […]
US stock index futures opened with a sharp downward gap on Monday, but later managed to recover as traders fought to keep the market within the trading channel. Weak CPI data from China heightened concerns about the global economic outlook ahead of key US inflation reports, due later this week. S&P 500 futures are currently […]
Despite the aggressive monetary policy of the Federal Reserve aimed at reducing inflation to the 2% target level, it continues to put pressure on gold. According to recent research by the World Gold Council, investors should not give up on the precious metal as its asymmetric dynamics will continue to support prices in the second […]
Early in the American session, Gold (XAU/USD) is trading around 1,924.97 above the 21 SMA and below the 200 EMA. The Non-Farm Payrolls (NFP) data was released a few minutes ago. The data came out below expectations with a result of 209K which means employment contracted in June. In the next few hours, gold is […]
Earlier reports by the U.S. Bureau of Labor Statistics indicated a continuing slowdown in inflation. If the July report also shows another slowdown in U.S. inflation, it will almost certainly suggest that the Fed will again take a pause at the meeting in July 25–26. In turn, gold will then have another argument in favor […]
The first trading week of July, the third quarter, and the second half of the year, which turned out to be extremely interesting, filled with important publications and economic events, and therefore highly volatile, is coming to an end. Yesterday stands out in this respect, when after the publication on Wednesday evening of the minutes […]
EUR/USD Higher timeframes Bulls have completed yesterday’s testing of supports at 1.0837–46 but failed to break through the 1.0901–05 range. As a result, the main task for further recovery of bullish positions today is the bulls’ confirmation of a rebound and a reliable consolidation above the trend line of daily correction and the area of […]
Let’s take a look at the technical picture of EUR/USD, GBP/USD, USD/JPY and Gold ahead of NFP-Payrolls. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Forecast for EUR/USD on April 11, 2024 April 11, 2024 EUR/USDThe market’s nervousness ahead of the European Central Bank meeting,…Forecast for GBP/USD on April 11, 2024 April […]
