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PHLX Gold and Silver Sector IndexPHLX Gold and Silver Sector IndexPHLX Gold and Silver Sector Index

PHLX Gold and Silver Sector Index

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XAU trade ideas

Mitrade :The dollar eases EUR/USD⬇️ GBP/USD⬆️ AUD/USD⬆️ USD/CAD⬆️ XAU⬆️ WTI⬆️ The dollar slipped against most major currencies as speculative interest shifted away from the US Federal Reserve's relentless tightening towards foreign central banks and US employment data. As a result of rising inflationary pressures, the Reserve Bank of Australia's monetary policy decision is expected early on Tuesday. The ECB and the Bank of England will make monetary policy decisions later this week. Finally, the US will release January Nonfarm Payrolls on Friday. Wall Street held on to solid gains heading into the daily close, putting pressure on the dollar. Meanwhile, 10-year Treasury yields fell to roughly 1.77 percent. The EUR/USD is trading at 1.1230, while the GBP/USD is 1.3460. The AUD/USD is around 0.7070, and the USD/CAD is just around 1.2700. Against the dollar, safe-haven currencies gained. Gold spot struggles to break $1,800, holing nearby. WTI is trading at $88.12 a barrel, up the trim on the day. A report by senior civil servant Sue Gray revealed many parties, some of which the PM attended, and a lack of leadership in his government during the early stages of coronavirus lockdowns. "Difficult to justify" gatherings, the report says. #Mitrade #DollarIndex #YieldCurve #Inflation #Gold #USDJPY #EURUSD #GBPUSD Read More on Mitrade =============
NASDAQ:XAU
by Mitrade_official
Dollar and Fed dominateToday's forex market: Dollar and Fed dominate EUR/USD🔼 GBP/USD🔼 AUD/USD🔼 USD/CAD🔽 XAU🔼 WTI🔼 The market was dominated by the dollar and the Fed following the US central bank's near-confirmation of a March rate hike, fuelling anticipation of at least four raises this year. The greenback received additional support from positive growth numbers, with Q4 GDP coming in at 6.9 percent, significantly higher than the projected 5.5 percent. Meanwhile, as expected, unemployment claims for the week ended January 14 came in at 260K. The US currency extended its post-Fed rise to a multi-month high against the common currency, as the EUR/USD fell to 1.1130. GBP/USD plummeted to 1.3354, a one-month low, before stabilizing near that level. Commodity-linked currencies also declined, with the AUD/USD trading near 0.7030 and the USD/CAD near 1.2730. Gold prices have plummeted, going below $1,800 per troy ounce. Crude oil prices surged to new multi-year highs but slowed in the run-up to the daily close, with WTI settling at $86.80 a barrel. Wall Street began the day on a solid note, with significant intraday gains. However, it reversed direction in the final hours of trade, with indexes slipping into the red. US Treasury yields have fallen from Wednesday's high, with the 10-year note yielding 1.78 percent. Despite the changing direction of equity markets and rates, the greenback maintained gains. #Mitrade #DollarIndex #YieldCurve #Inflation #Gold #USDJPY #EURUSD #GBPUSD Find More On Mitrade
NASDAQ:XAU
by Mitrade_official
Powell says there's room for rate hikes- XAU EUR GBP AUD CAD JPYXAU🔽 WTI🔽 EUR/USD🔽 GBP/USD🔽 AUD/USD🔽 USD/CAD🔼 USD/JPY🔽 Following the US Federal Reserve's monetary policy announcement, the dollar finished Wednesday firmly higher across the board. Rates and the taper were left unchanged, as expected, while the statement states that "the Committee anticipates it will soon be appropriate to raise the target range for the federal funds rate." Most market players had priced in a rate hike in March ahead of the event. There were no comments on the balance sheet, but the market did not expect them. Chief Jerome Powell's news conference was a mixed bag. He expressed concern about the current epidemic of global health crisis and its potential to harm the economy while also predicting that inflation will fall this year. He went on to say that incoming data would determine the rate-hike path and that it is "difficult" to expect, but that there is plenty of room to raise rates. Gold was one of the poorest performers, losing around $ 30.00 per troy ounce. The price of the gleaming gold was agreed at $1,816 per troy ounce. Crude oil prices managed to hold their gains, with WTI falling from a daily high of $87.92 to close at roughly $86.50 a barrel. EUR/USD is trading at 1.1240, while GBP/USD is trading around 1.3460. The AUD/USD pair is approaching the weekly low of 0.7089, while the USDCAD is now trading at 1.2670. The USD/JPY currency pair is now trading at 114.60. Government bond yields in the United States rose in response to the news, with the 10-year Treasury note reaching 1.857 percent. #Mitrade #DollarIndex #YieldCurve #Inflation #Gold #USDJPY #EURUSD #GBPUSD Find MORE on Mitrade
NASDAQ:XAU
by Mitrade_official
Gold & Silver Stocks - Bullish SetupToday's inflation figures release could be a serious catalyst for the next leg up. The U.S. economy’s rebound from the pandemic is driving the biggest surge in inflation in nearly 13 years, with consumer prices rising in May by 5% from a year ago. The Labor Department said last month’s increase in the consumer-price index was the largest since August 2008, when the reading rose 5.4%. The core-price index, which excludes the often-volatile categories of food and energy, jumped 3.8% in May from the year before—the largest increase for that reading since June 1992. RSI and Stochastics are looking good; both in positive territory.
TVC:XAULong
by Lahbabi
XAU v SPY : Epic chart..This is a very important chart - the short term action can be seen in the broader light of a major bottoming process in XAU v-non precious metals stocks. Combine this with huge Cup and Handle formations on both XAU and XAG, and the tea leaves are telling us that there is a new player emerging in town, and the old ways are over. The charts say sell your non-precious metals stocks and buy PM and PM stocks - never a guarantee but as Lord Tennyson once wrote 'Ours is not to reason why, ours is but to do or die' - we do not need to figure out why the charts are telling us something, we simply need to recognise that they are telling us to buy precious metals and their stocks, and until they tell us something different, we must obey - so be it..
TVC:XAULong
by Bull-ION
How Should I Invest 10,000 Dollars in 2021?As a full-time trader, my friends and family assume that I am a financial planner. I am not, for the hundredth time. But I can analyze charts of financial stuff, so I decided to see if I could prepare a robotic answer for people going forward without the guilt of ignorantly misleading them. Thus, I broke down the main asset classes that normal people would potentially be interested in. The good news is that people will stop asking me after they hear my answer. - One Pig, One Choice SPCFD:SPX NASDAQ:NDX DJCFD:DJI NASDAQ:XAU NASDAQ:GNMA BITBAY:BTCUSD
NASDAQ:XAU
by UnknownUnicorn5511258
2
Gold and Silver will not save you from economic crisisGold and Silver in orange, stock market in blue. When looking at the performance of precious metals compared to the S&P500, we come to a surprising conclusion. Gold and Silver are worse at protecting your wealth than the stock market. In my search for an asset that can protect you from inflation and general economic turmoil this is the unfortunate conclusion that I keep coming to. Almost every traditional method of protecting your wealth is usually just as bad as the stock market. We are starting to slowly get more data on Bitcoin and cryptocurrencies as an option for wealth storage, but at this point there really isn't enough data to make a completely solid conclusion. The times we're going through now are giving us the data we need. We will see what the future holds.
NASDAQ:XAU
by atlas_crypto
3
Possible Long Term buy Opportunity for GOLD and SILVERGold and Silver has had a pretty strong run so far this year. As both precious metals are stores of value and have an ever dwindling supply (until we can mine asteroids for minerals), we can hope for the value to contiinue going up. Based on this pretty wide Fundamental analysis: mises.org We can count on this metals to be perform pretty well in the Long Term, so I have identified an area where the ROI could be signifanctly better for an investor looking to get into this markets. With a pretty strong support created by previous highs and lows, the 100 MA and the Ichimokou cloud all acting in concert, this a pretty strong area for buyers to step in and avoid further downturns.
NASDAQ:XAULong
by CryptoEstratega
1
xaugood index with long history. bullish percent gold miners index still in nosebleed area also. Always nice to take note of the size of monthly candles. Can you handle a 30% correction mentally? Will you have funds to buy when they are cheaper? CHK chesapeake up to old level from before, maybe double top for now, up 17% thanx to uncle eric with 20 mill more dumped in. He sold a bunch of Gran Columbia along with management so careful if you are playing that. More covid in Europe land may send cash back to dollar, bills still roll in for countries so debts to pay but less revenue big time.If I knew the answers I would not be here ;) Happy trading.
NASDAQ:XAU
by hillbilly250