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Gold is waiting for news from the CPI indexThe international gold marketplace final week constantly acquired critical records, inflicting costs to constantly reverse. Notably, at the final buying and selling day of the week, the marketplace suffered shocks that prompted costs to constantly "plunge". In simply 1 day, gold misplaced greater than 3.5%, marking the most important intraday sell-off considering 2020. In the cutting-edge context, maximum analysts agree with that gold costs might also additionally check aid stage of 2,two hundred USD/ounce. Although latest jobs records will probable push gold costs decrease withinside the quick term, a few are positive that the valuable metallic may want to discover momentum subsequent week as worldwide issues increase. Investment will flip to inflation records along side trends on the Federal Open Market Committee (FOMC) economic coverage meeting.
TVC:GOLD
by NicoTradingMaster
gold awaits the Fed interest rate meetingGold fell sharply from $2,159 to $2,146 because the USD turned into supported with the aid of using growing US authorities bond yields earlier than turning up aGold fell sharply from $2,159 to $2,146 because the USD turned into supported with the aid of using growing US authorities bond yields earlier than turning up and finishing the day around $2,one hundred sixty because the USD leveled off. Precious metals can't escape as monetary statistics continues to be correct and the Fed hobby charge outlook continues to be "hawkish". There may be no essential monetary statistics from americaA these days and the following day till Thursday whilst the Fed`s hobby charge assembly begins. Currently, gold is buying and selling around $2,one hundred sixty.nd finishing the day around $2,one hundred sixty because the USD leveled off. Precious metals can't escape as monetary statistics continues to be correct and the Fed hobby charge outlook continues to be "hawkish". There may be no essential monetary statistics from americaA these days and the following day till Thursday whilst the Fed`s hobby charge assembly begins. Currently, gold is buying and selling around $2,one hundred sixty.
TVC:GOLDShort
by NicoTradingMaster
gold compared to the closing level of last week's trading sessioDuring yesterday's trading session, gold prices fell slightly as traders were still looking forward to US economic data and focusing on the situation in the Middle East. According to Richard Snow, Strategist at DailyFX, gold prices show signs of falling due to calls for efforts to reduce escalating tensions in the Hamas-Israel conflict. Reuters quoted Jim Wyckoff, senior analyst at Kitco Metals, as saying some took profits earlier in the session and then traders came in to buy when prices fell. Gold prices have increased about 9% in the past two weeks, reaching a 5-month high of 1,997.09 USD on October 20. Safe haven demand increased afterward, investors sought to hedge risks. The conflict between Israel and the Islamist group Hamas will spread.
TVC:GOLDShort
by TrategySherpa
Cad ShortWill be waiting for the market close to decide whether i trade this, if it closes below the weekly support line that has been holding since the 9th of feb then this will be a good intraday trade and price will have further downside until it reaches the next cleangr support level. This one is a trade of patience wont be making a move until the market decides where price is going i will be expecti a slight pullback before fruther downwards movement and that is when i will enter with RR at 3:1 this trade may be a good start to the month
Short
by TraderNMF
1
AUD/USD - Strong Support At 0.7600 - 2/3/2017AUD/USD 's topside was contained between 0.77 and 0.78 for entire year during 2016. So far it is very similar story like in the beginning of 2016. AUD/USD has strong start of the year by climbing 1000 pips - from 0.68 to 0.78. Thus it's natural for current uptrend to pause near the same level. Whether we will see 0.80 in coming sessions will depend upon how 0.76 and 0.75 holds. As we kept on buying AUD/USD and NZD/USD during decent pullback during last year to accumulate more than 1000 + pips, this year also we are going to apply the same playbook, unless something changes drastically. Today we are looking for a pullback near 0.7600 to buy. On the other side, our 200 + pip trade in GBP/USD is over now but still looking for buying GBP/USD from decent levels. US dollar is not going to make up its mind easily during the crossfire between Fed and Trump. Fed's assumed and somewhat priced in rate hike path is dollar supportive while President Trump's incessant comments about currency devaluation is bearish. And currently market believes more in Trump's action than Fed's ability to hike. It looks like a huge drop in US dollar against other majors is just a tweet away ! ;)
Long
by BombayBulls