DNA_TradingFX

DNA_TradingFX Updated 

TVC:GOLD Gold prices increased their bid to refresh the intraday high near 2,035$ early Thursday, reversing the previous day's retracement from a one-month-old horizontal resistance. Precious metals benefit from broad US Dollar weakness. The XAU/USD pair maintains a neutral to bullish view in the daily chart. The pair is growing above all of its moving averages,...

DNA_TradingFX Updated 

Spot Gold peaked at $2,048.14 a troy ounce in the aftermath of the United States (US) inflation data announcement but currently trades in the red in the $2,025 region. XAU/USD soared as the US Consumer Price Index (CPI) rose by 4.9% YoY in April, slightly below the 5% expected, and by 0.4% MoM, in line with the market expectations. Inflation keeps running hot in...

DNA_TradingFX

EUR/JPY has printed consecutive bearish sessions breaking last year's high of 148.48, extending its losses past the 18-day Exponential Moving Average (EMA). The evening star three candlestick pattern shows that further downtrend is expected. But the Relative Strength Index (RSI) indicator remains bullish, while the 3-day Rate of Change (RoC) depicts the momentum...

DNA_TradingFX Updated 

Prospects for gold are soft for both the hawkish and dovish Fed expectations. The hawkish Fed expectations boost the dollar and the US yields and weigh on gold appetite. Dovish Fed expectations, on the other hand, boost the risk appetite, and drive capital to riskier, and better yielding assets – like equities, leaving gold behind. Sell Gold 2045 - 2048...

DNA_TradingFX Updated 

Gold (XAU/USD) cheers US policymakers unable to give any commendable signs of debt ceiling as the yellow metal re-establishes weekly highs to around 2,038$ around the press time point. In doing so, XAU/USD also benefited from a softer US Dollar ahead of all-important US Consumer Price Index (CPI) data for April. That said, XAU/USD is currently aiming for a...

DNA_TradingFX Updated 

Gold sold off on Friday, but the bulls managed to fend off the attack on the psychological $2,000 level, allowing the price to establish a base and recover on Monday, a sign signal that the path of least resistance remains to the upside, with the precious metal benefiting from the uptrend. If XAU/USD remains on its bullish trajectory, and breaks out of the 2034 ...

DNA_TradingFX Updated 

The EUR/USD pair is struggling to extend its recovery above the 1.0980 immediate resistance at the start of the European session. The pair has felt the downside pressure as the US Dollar is seeing some renewed buying interest ahead of the important US CPI data release. The EUR/USD currency pair has dropped below the 20-day Simple Moving Average (SMA) for the first...

DNA_TradingFX Updated 

The GBP/JPY achieved three days of losses, though buyers are moving in as the Asian Pacific session begins. After hitting a weekly low of 168.05, the GBP/JPY bounced off, is trading at around 168.85, and gains 0.07% as it’s approaching the 169.00 figure. BUY GBPJPY zone 170.00 - 170.20 SL: 169.80 TP: 171.25

DNA_TradingFX Updated 

At the end of last week's session, gold price dropped sharply to around $2,000/ounce. However, according to analysts, gold is still in an uptrend. Therefore, the price drop after the end of the week is a boon for buying investors. According to the survey, the psychology of gold investors is very familiar with the falling gold price. This partly shows that the...

DNA_TradingFX

SPDR Gold Trust, the world's largest gold exchange-traded fund (ETF), net bought 1.8 tons of gold on May 5. In two consecutive sessions, the fund net bought a total of 5.5 tons of gold. The gold volume of this fund holds up to 931.8 tons. I will activate the buy breakout strategy when it breaks out of the 2032 zone and closes the candle above it Next I will...

DNA_TradingFX

I WAIT FOR GOLD TO BREAK THROUGH THE 2034 RATE AND CONTINUE ADVANCE TO 2040, 2045 IS MY FINAL GOAL. The world gold price today increased slightly with spot gold increasing by 5.9 USD to 2,021.5 USD/ounce. Gold futures last traded at $2,029 per ounce, up $4.3 from dawn the day before. Last week, gold pushed up to $2,085 after the US Federal Reserve (Fed) decided to...