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 […]
Technical analysis: Gold has been trading sideways at the price of $1.821 and I see potential for the further downside continuation towards lower reference. Due to the strong downside trend in the background and negative reversals on the RSI oscillator, I see potential for the further downside movement towards lower reference. Downside objective is set […]
The GBP/USD currency pair also continued its upward corrective movement on Thursday and ended the day above the moving average line. Just like with the euro, this break above the moving average may turn out to be false, as it did a week ago. It should be understood that the market is not in a […]
The cryptocurrency Bitcoin has tested the level of $25,211 and the range of $24,350 to $25,211, rebounding from both and starting an upward move, just as we predicted. We assumed that the cryptocurrency could rise to the Senkou Span B line on the 24-hour TF, and it happened, albeit with some delay. The first bounce […]
The price of gold is moving sideways in the short term. It’s trading at 1,818 at the time of writing. The downside pressure remains high, so more declines are natural. Still, a downside continuation needs confirmation. Fundamentally, XAU/USD slipped lower as the US reported better-than-expected data earlier. The US Unemployment Claims came in at 207K […]
Red lines- bearish channel medium-term Black lines- short-term bearish channel Gold price continues trading below $1,820. A new lower low was made around $1,812 after price got rejected at the upper short-term channel boundary resistance. Price remains in a bearish trend and so far we have no sign of a short-term trend reversal. For this […]
US stock index futures opened slightly lower on Thursday but then fully recovered. Futures on the S&P 500 were up 0.2%, while the high-tech NASDAQ added 0.3%. After a week of sharp market swings, investors will take a break today to properly prepare for key US employment data. 10-year Treasury yields fell by two basis […]
Judging by the yield curve of U.S. Treasury bonds, the U.S. economy is likely approaching a pivotal moment. Long positions are accelerating in growth. Despite continued strong selling pressure on gold, analysts have noted that the precious metal remains relatively stable amid the maximum rise in long-term U.S. bonds. On Wednesday, the yield of 30-year […]
Potential for the further drop 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 […]
Technical analysis: Gold has been trading downside this morning and I found rejection of the key resistance cluster at the price of $1.830 in the background, which is good isgn for the further downside movement. Due to the rejection of the resistance cluster and strong downside trend in the background, I see potential for the […]
Red lines – bearish channel Black lines- bearish channel short-term Blue lines- Fibonacci retracement levels Gold price is still in a bearish short-term trend. Price is trading around $1,817 making lower lows and lower highs. The decline from $1,946 is very close to completion. A bounce higher is expected. Downside potential is limited. Price is […]
China acted as a dam in the path of gold’s decline. However, at the turn of September and October, this dam collapsed. Neither massive purchases of the precious metal by the People’s Bank of China nor the highest demand for physical gold within the country could hold back the “bears” on XAU/USD for long. The […]
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 […]
Technical analysis: Gold has been trading sideways today ad the price of $1.822 but I still see that sellers are in control and short-term downside trend, which is good sign for the further downside movement. Due to the strong downside condition and the unbroken resistance in the background, I see potential for the further drop […]
Let’s take a look at the technical picture of NZD/USD, Gold and SP500. 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, 2024 […]
Early in the American session, gold was trading at around 1,824, below the 21 SMA, and above the 2/8 Murray. The strong bearish pressure on gold pushed the price down to a low of 1,815.21. From this level, we observe a technical rebound. However, if gold consolidates above 1,825 in the next few hours, it […]
Blue lines- Fibonacci retracement levels Red lines- bearish channel Gold price is trading around $1,827. under pressure for a second day. Price has broken below the 50% Fibonacci retracement level. Next key support is at $1,792 where we find the 61.8% Fibonacci retracement level. Gold remains inside the weekly bearish channel. Gold price could continue […]
US stock index futures continued to fall, nearing yesterday’s lows, as the risk of further interest rate hikes by the Federal Reserve faded. S&P 500 futures were down 0.3%, while the tech-heavy NASDAQ dropped by about 0.5%. Treasuries also resumed their declines as investors grew increasingly concerned about historically high borrowing costs. The yield on […]
The rally of the U.S. dollar and higher yields on U.S. bonds have proven to be too strong for the gold market. Precious metal prices may continue to decline as the U.S. Central Bank is expected to maintain its current monetary policy in the near future. The sell-off in gold occurred against the backdrop of […]
Technical analysis: Gold has been trading downside as I expected in the background but this morning I found weak rally, which is sign for the potential downside continuation. Due to the strong downside trend in the background and negative reversal on the RSI oscillator, I see potential for the further downside movement towards lower reference. […]
Is this all that the euro is capable of? After bouncing off 1.05, investors were hoping for a full correction of EUR/USD, but the music for the bulls didn’t play for long. As MUFG correctly noted, as long as the dollar is supported by high yields on U.S. Treasury bonds, and the Fed’s policy depends […]
Early in the American session, gold (XAU/USD) is trading around 1,835.86 with a strong bearish trend, and with a small gap at 1,849.04 due to last week’s closing and opening of this week. A strong monthly support is located at about 1,830. Therefore, we assume if gold continues its bearish movement, it could find a […]
Blue lines -Fibonacci retracement levels Red lines- bearish channel Gold price is trading around $1,834. Gold remains in a short-term bearish trend making lower lows and lower highs. Price has broken below the 50% Fibonacci retracement and the RSI is in oversold territory and new lows in the Daily chart. Bears remain in full control […]
Potential for the further downside movement on the Silver… 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 […]
Gold experienced a sharp sell-off last week, which began after the Federal Reserve left interest rates unchanged and confirmed that rates would remain high longer than anticipated. The latest weekly gold survey shows most analysts are optimistic, while retail investors have split more evenly after seven consecutive sessions of losses. Everett Millman, Chief Market Analyst […]
Technical analysis: Gold has been trading downside as I expected and I see potetnial for the further drop towards next downside reference. Due to the strong downside cycle and no signs for the reversal, I see potential for the further drop towards lower reference. Downside objective is set at the price of $1.808 RSI oscillator […]
EUR/USD Analysis: Quotes of the European currency continue to move in a descending trend. Currently, the price is trading within a range between intermediate support and strong resistance, which was breached downward two weeks ago. Since September 27th, an upward corrective zigzag has been forming. Its structure was not completed at the time of analysis. […]
Blue lines – Fibonacci retracement levels Red lines- bearish channel Gold price is trading around $1,868. Short-term trend remains bearish. As expected when price got rejected at $1,935, price started breaking all near term support levels and eventually made new lows relative to the August bottom. As expected by our past analysis, Gold price has […]
EUR/USD Larger timeframes Today is the last working day of September. The outcome of the trading day is crucial because the one-month candlestick’s correction over the last two days has already indicated a rather long lower shadow. If the result is confirmed and sustained, we can affirm that the bears have fulfilled their goals in […]
Potential 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 At the end […]
