Potential for the further growth on Gold …. The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Market Comment – Yen keeps sinking after Bank of Japan… April 26, 2024 Yen falls to fresh multi-decade lows after BoJ rate decision…Market Comment – Yen tumbles to fresh lows, dollar awaits… April 25, 2024 Yen […]
Technical analysis: Gold has been trading upside as I expected and the first upside objective has been reached at $2.075. Anyway, I see potential for the higher prices towards Fibonacci expansion 100%. Due to the strong upside momentum and new all time high on the Gold, I see potential for the further growth towards upper […]
The US Services ISM (Institute for Supply Management) Business Activity Index rose to 51.9% in April from 51.2% in March, with a forecast of 51.8%. Meanwhile, the number of private sector jobs in the US increased more than expected in April, with a rise of 296,000 positions, while experts had anticipated an increase of 148,000. […]
The price of gold edged higher and now is trading at 2,022 at the time of writing. It has climbed as much as 2,026 today, registering a new high. You knew from yesterday’s analysis that the XAU/USD is strongly bullish and it could resume its growth. Surprisingly or not, the yellow metal jumped higher, even […]
Black lines- triangle pattern (broken) Gold price is trading above $2,000. Price broke out and above the triangle pattern it was in and reached as high as $2,018. Gold price provided a bullish signal with the break of the resistance at $2,004. Gold yesterday posted the highest daily close in two weeks. Previous resistance is […]
Which will save you from recession faster: gold or the U.S. dollar? Despite the fact that during all but one of the recessions over the past 40 years, the U.S. currency has strengthened, the next one may be an exception. It is not for nothing that central banks do not get tired of increasing their […]
Technical analysis: Gold has been trading upside as I expected and the price has broke the multi-day trading range and I see potential for the further growth. Due to the breakout of the tight consolidation with the strong momentum and the higher time-frame upside trend, I see potential for the further growth. Upside objectives are […]
Overview : The GBP/USD pair traded higher and closed the day in the positive territory near the price of 1.2466. Right now, it was trading in a narrow range of 1.2466 staying close to a 3-days high. On the hourly chart, the GBP/USD pair is still trading above the MA (100) H1 moving average line […]
The price of gold rallied in the short term and now is trading at 2,012 and it seems determined to hit new highs after poor US data. You knew from my previous analyses that XAU/USD could develop a new swing higher after taking out the downtrend line. Yesterday, XAU/USD crashed after the US reported positive […]
Blue rectangle- support area Violet lines- Fibonacci retracement levels Silver price is trading just above the key short-term support of $24.50. This is the 4th time price is testing this support level. Silver bulls made an attempt yesterday to push price to new higher highs above $26 but they failed and price got rejected. Price […]
Higher prices on Gold in play… The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Video market update for April 09, 2024 April 9, 2024 Potential for the breakout on USD/JPYThe material has been provided…Market Comment – Gold shines bright, yen knocks on… April 9, 2024 Gold prices remain near record highs – […]
Black lines- triangle pattern Gold price is trading around $1,985. Price continues to trade inside the triangle pattern we mentioned in our last analysis. Price touched the lower triangle boundary earlier today at $1,977 but bulls continue to respect it. Price has not broken below support. Support remains intact. Support remains key around $1,977. Since […]
XAU/USD is trapped in a range between the 1973.00 support level (200 EMA on the 4-hour chart) and resistance at 2010.00. A break in either direction, we assumed, would be the start of a new movement. However, as we have already noted, fluctuations and flat movement may continue since the results of the FOMC and […]
The Australian dollar staged a real rally today following the Reserve Bank of Australia’s decision to raise the key interest rate by 0.25% (to 3.85% from 3.60% previously). Recall that in the previous two meetings, the RBA leaders did not make changes to the parameters of the current monetary policy, assuming a further decrease in […]
According to Bloomberg, following the February restriction on precious metal imports to Turkey, the country’s central bank is selling off its gold reserves to satisfy domestic demand. Last year, when inflation in Turkey exceeded 85%, and fears of local currency devaluation emerged among the population, demand for gold in the country increased significantly. Citizens began […]
The current situation in the Forex market evokes a strong sense of deja vu. As in the previous year, the yen is once again the weakest player among all major currencies. After a strong Friday sell-off, JPY continued its broad decline yesterday, showing the worst dynamics against the US dollar. Yen under dovish pressure Bulls […]
Technical analysis: Gold has been trading downside into the US session but I found the key support at the price of $1.974 still held well, which is good sign for the further rally. Due to rejection of the key rising support and the upside cycle on longer time-frames, I see potential for the further rise. […]
If we look at the daily chart, the Nasdaq 100 index seems to be still moving in a bullish bias condition which is marked by price movements above the 50 and 200 Moving Averages where the two Moving Averages are still in the Golden Cross condition but after successfully breaking above the Old High 13238 […]
Early in the European session, Gold (XAU/USD) is trading at 1,984.87 around the 21 SMA and below the 200 EMA. We can see on the 1-hour chart that gold has left a gap around 1,997. Yesterday, gold managed to bounce from the low of 1,977 towards the resistance of 2,006 which was seen as a […]
At the close of trading on the New York Stock Exchange, the Dow Jones fell by 0.14%, the S&P 500 index dropped by 0.04%, and the NASDAQ Composite index decreased by 0.11%. The Federal Reserve meeting is scheduled for May 2-3. According to CME Group data, 88.9% of surveyed analysts expect another interest rate hike […]
In the latest gold review, most analysts stated that gold prices would continue to decline this week as the Federal Reserve prepares to raise interest rates by another 25 basis points, confirming its hawkish stance due to ongoing inflation growth and the threat that inflation may become entrenched in the economy overall. The Federal Reserve […]
Black lines- triangle pattern Gold price is under pressure again. Price is trading around $1,982. Price has made no real progress over the last two weeks as it has formed a triangle pattern with lower highs and higher lows. Short-term trend is unclear as long as price remains trapped inside the triangle. Earlier today Gold […]
Good day, traders! Gold quotes declined last week, and on Friday saw a breakdown of the bullish structure. A lot of buyer liquidity is also left, which is a good area where traders can enter the market. It is likely that gold will hit these prices in the near future. This means that traders should […]
Blue lines- bullish channel Black lines- descending triangle pattern Gold price is trading around $1,980. Price has formed a descending triangle pattern. Price is making lower highs while price continues to respect the recent low of $1,968, Price is mostly moving sideways over the last few days as it remains inside the medium-term upward sloping […]
Potential for the upside continuation on the Gold… The material has been provided by InstaForex Company – www.instaforex.com Related Posts:Analysis of the GBP/USD pair on April 18, 2024 April 18, 2024 The wave analysis of the GBP/USD pair remains quite complex…Analysis for EUR/USD pair on April 18th. Dull ending to a… April 18, 2024 The […]
As soon as Bitcoin started to spread its wings a bit, predictions of its bright future with an astonishing price began to appear. Standard Chartered believes that the crypto winter is over, and by the end of 2024, BTCUSD quotes will reach a new record high of 100,000. The main reasons cited are turmoil in […]
The ending week has been extremely volatile for Bitcoin due to a series of important events. In total, over 80,000 traders’ positions were liquidated during the week, amounting to more than $400 million. Despite the excessive price movement variability, the asset managed to maintain its bullish structure. The local corrective movement of BTC ended near […]
Technical analysis: Gold has been trading downside yesterday but I found strong rejection of the key support at the price of $1.973. I see potential for the further upside movement. Due to the rejection of the key support in the background and the strong upside cycle on higher time-frames, I see potential for the further […]
Crypto Industry News: A new report by the Congressional Research Service (CRS) has found that crypto losses did not cause the collapse of Silicon Valley Bank and Signature Bank, or even Silvergate. It was the fear of exposure to cryptocurrencies that was the driving force behind the bank run. CRS, a non-partisan agency that acts […]
With the appearance of deviation between price movement of Bitcoin cryptocurrency on its 4 hour chart with MACD indicator as well as the occurrence of the Golden Cross intersection between MA 20 and MA 50 so that in the near future Bitcoin has the opportunity to rally up but before that happens Bitcoin will be […]
