Fx_Jack17

Fx_Jack17

Gold sell now 2653 Target 2645 Target 2620 Gold is strong bearish after us session

Fx_Jack17

This chart shows a technical analysis of the Gold Spot price against the U.S. Dollar (XAU/USD) on a 1-hour timeframe. Here's a breakdown of the key elements: 1. Bullish Confirmation: The text "Gold buy confirm bullish" suggests that the analyst expects a bullish trend, indicating potential buying opportunities. 2. Key Levels: Support and Resistance: Key price...

Fx_Jack17 Updated 

Gold price reverses earlier gains and returns to the red near $2,650 in Friday's European trading. US President Biden discussed contingency plans to strike Iran’s nuclear facilities, which helped Gold price sustain its upswing. But sellers returned amid profit-taking ahead of top-tier US PMI dat Gold buy now 2653 Target 2700 Sl 2643 On the upside, the XAU/USD...

Fx_Jack17

Gold is ready for fall Acceptance above the 21-day barrier could call for a test of the $2,650 psychological level and the 50-day SMA at $2,655. The next relevant upside target aligns at the $2,700 round level. On the flip side, the immediate support is at the previous resistance of 100-day SMA at $2,624. A daily candlestick close below the latter will negate...

Fx_Jack17

Btcusd is in strong bearish it will.fall Then it will rise up again H4 candle remains sell D1 candle remain sell Monthly candle will be buy

Fx_Jack17

On the downside, the XAU/USD pair may find its immediate support around the nine- and 14-day EMAs at $2,624.00 and $2,628.00, respectively. A break below these levels could increase selling pressure, potentially pushing Gold toward its monthly low of $2,583.39.

Fx_Jack17

Gold enters a consolidation phase and trades below $2,630 on Friday after closing in positive territory on Thursday. The risk-averse market atmosphere helps XAU/USD limit its losses as investors refrain from taking large positions heading into the end of the holiday-shortened week.

Fx_Jack17

Gold trades in a narrow channel above $2,600 on Tuesday, albeit lacking strong follow-through buying. Geopolitical tensions and trade war fears lend support to the safe-haven XAU/USD, while the Fed’s hawkish shift acts as a tailwind for the USD and caps the precious metal.

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Gold struggles to build on Friday's gains and trades modestly lower on the day near $2,620. The benchmark 10-year US Treasury bond yield edges slightly higher above 4.5%, making it difficult for XAU/USD to gather bullish momentum.

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The EUR/USD pair trades with a soft tone on Monday, with the US Dollar (USD) regaining its strength in a holiday-shortened week. The pair started the day trading at around 1.0430 but currently stands below the 1.0400 mark as the market mood soured throughout the day.

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GBP/USD stays on the back foot and break lower, nearing 1.2500 after the Bank of England (BoE) monetary policy decisions. The BoE maintained the bank rate at 4.75% as expected, but the accompanying statement leaned to dovish, while three out of nine MPC members opted for a cut.

Fx_Jack17

Gold resumes its decline after the early advance and trades below $2,600 early in the American session. Stronger than anticipated US data and recent central banks' outcomes fuel demand for the US Dollar. XAU/USD nears its weekly low at $2,582.93.

Fx_Jack17 Updated 

Gold opens the week on a moderately positive tone and trades above $2,650, favored by a mild US Dollar (USD) reversal amid lower US Treasury yields. The precious metal, however, is still close to recent lows following a 2.5% sell-off late last week.

Fx_Jack17

GBP/USD gathers recovery momentum and trades above 1.2650 on Monday, supported by the UK PMI data that showed that the private sector continued to grow in early December. The US economic docket will feature flash PMI readings for December.

Fx_Jack17

GBP/USD finally broke below the 1.2700 mark in the American session, as sentiment shifted to the worse, following dismal US employment and inflation-related data. The poor performance of stocks and an uptick in Treasury yields boost demand for the US Dollar.

Fx_Jack17 Updated 

EUR/USD holds lower ground near 1.0550 in European trading on Wednesday. The US Dollar resurgence alongside the US Treasury bond yields higher weighs on the pair. Meanwhile, ECB reported Negotiated Wage Rates rose 5.42% in Q3 but this data failed to support the euro.

Fx_Jack17 Updated 

"Gold price hits a fresh two-week top during the first half of the European session on Friday, with bulls now looking to build on the momentum further beyond the $2,700 mark. This marks the fifth successive day of a positive move and is fueled by the global flight to safety amid persistent geopolitical tensions stemming from the intensifying Russia-Ukraine war."

Fx_Jack17

Gold price retreats after touching a one-and-half-week top earlier this Wednesday and drops to a fresh daily low, below the $2,630 level heading into the European session. A goodish pickup in the US Treasury bond yields, bolstered by bets for a less aggressive policy easing by the Fed, revives the USD demand and undermines demand for the non-yielding yellow metal.