Gold Price Decline _______ The price of gold declined from approximately $2,180 on Friday, experiencing consecutive sessions of losses as investors' expectations for the start of the US Federal Reserve's easing cycle were delayed due to robust US economic data. Fed Chair's Statement _______ The higher-than-anticipated inflation numbers support Fed Chair Jerome...
Hello Friends, Its clearly seen that a new uptrend have started, we can figure that SK system can be drawn and apply Fibonacci drawings. Buy CAD/JPY @ 109.75 TP 1: 109.96 TP 2: 110.29 TP 3: 110.64 SL: 109.36
Hello Guys, As per my analysis, duo to SK system the price have reverted to the golden zone and then going up to the last highest prices, this price have been retested as well. Buy AUD/JPY @ 97.7 TP 1: 97.89 TP 2: 98.12 TP 3: 98.32 SL: 97.2 Follow me if you like my analysis.
Hello Friends, Duo to SK system, everything is being drawn perfectly. The price is now set at the golden zone as shown in the chart, its expected for gold to raise duo to the global economic prospects, geopolitical tensions, and shifting expectations towards earlier interest rate As per my perspective, there are two areas to buy gold. Zone 1: From the golden...
Parallel lines are lines in the same plane that go in the same direction and never intersect. When a third line, called a transversal, crosses these parallel lines, it creates angles. Some angles are equal, like vertical angles (opposite angles) and corresponding angles (same position at each intersection).
Today's trading session did not a lot of fluctuations, the price touched the trend line and resistance area as well. I'll go with Sell as indicated. Sell @ 1.94300 TP: 1.93300 SL: 1.94540 Good Luck <3
Nothing to say, just clear. Just work and study to get your real benefits. Don't follow anyone signals.
Gold Price and US Dollar Recovery • Gold (XAU/USD) price remains steady at $2,045 during Asian session. • US Personal Consumption Expenditures (PCE) Price Index shows lowest annual inflation in three years. • Potential future interest rate cut by the Federal Reserve. • US Dollar's recovery from 200-day SMA supported by the precious metal. • FOMC members indicate...
After the context of unstable US economic data, bad for the dollar, good for Gold. Gold prices continue to be supported moving towards higher price ranges and crossed the wedge pattern. Check my analysis for better trading. 🔥SELL GOLD zone: $2048 - $2050 TP1: $2044 TP2: $2038 TP3: $2031 SL $2055
I see that Gold prices are stable at $2,030 with 0.17% increase after US economic growth announcement. US Treasury bond yield decline maintains gold value near monthly and weekly highs but limited by the 50-day SMA. Wall Street indices mostly stable, some slight decrease. In Q4 of 2023 GDP growth slightly below consensus. Retail and Wholesale Inventories are...
Greetings, dear friends! Let's dive into today's gold price trends together! As anticipated, gold continues its subdued trading, still unable to break through the resistance level of $2035. However, it's holding steady, elegantly navigating within a price wedge pattern. We stand at a crossroads, awaiting pivotal market news that could swing the pendulum in one of...
Hello :) Based on my analysis Gold price retreats after reaching 50-day Simple Moving Average , mixed sentiment prevails • Gold price pulled back after reaching the 50-day Simple Moving Average (SMA) at $2,033.67 during the European session, currently down by 0.40% due to a decline in the value of the US Dollar (USD). • The drop in gold prices is also...
Gold Price Analysis for the Week of 26/2 - 1/3/2024 • Gold price is expected to end the week positively due to decreasing US Treasury bond yields and lack of significant news. • The XAU/USD is currently trading at $2,038, showing a 0.70% increase. • Gold prices unexpectedly increased last week, breaking through the $2030 range and continuing to trade above...