Gold_Trading_Expert

Gold_Trading_Expert

Fundamental View: The recent downturn in prices could signal that the Federal Reserve has concerns about inflation. Today U.S. Bureau of Labor Statistics will release an inflation report (CPI and Core CPI) The data will play a key role in influencing the USD price dynamics and provide significant impetus to Gold ahead of this month's FOMC meeting on September...

Gold_Trading_Expert

Crude Oil stuck in a downside trend. as long as below 70.50/71 price zone gold will carry its downtrend. Crude oil sell area 69.50 p [rice zone. we should stop loss above 75.50/71.00 price zone. so, if we sell near 69.50 I mean the present price zone. we will put our stop loss at the 71.0 price zone. first target 67.00, 2nd target 65.00 price zone, if the market...

Gold_Trading_Expert

It was supposed to be a good day for Bitcoin as the El Salvador government "had to unplug a BTC with demand" as citizens registered for the wallets., but it has turned into a rout. In the open eyes, it shouldn't have happened. That is supposed to be a piece of good news for BTC But why BTC dropped then? There may have 3 reasons from my personal view. 1....

Gold_Trading_Expert Updated 

Fundamental View The USD dropped against gold last Wednesday after the ADP report released a negative than expected. U.S bonds also dropped after the report came. Fortunately, the USD was saved on Wednesday for the ISM manufacturing report. ISM printed positive than forecast. U.S bonds and gold have opposite co-relation. if bonds rise safe heaven gold usually...

Gold_Trading_Expert Updated 

1830/1835 upside target area is still valid as long as gold price holding above the 1775 price zone. The gold price went to correction from a weekly high of 1823, after the market opening. From the present rate, 1807 is the immediate support, especially we entered for buy from 1807 price zone. and 1795 may act as strong support. we may go for another buy from...

Gold_Trading_Expert

Silver and gold have the same co-relation with USD. Silver is mostly followed by gold from every fundamental aspect. Technically, Silver is still holding below the descending trend line, which means It is still in a downtrend. but marketing is trying to break descending trendline. Breaking and stable above 25.60 price zone will confirm the breaking downtrend....

Gold_Trading_Expert

Fundamental View What happened the last week? Last week Powell mentioned FED might start mounting back its purchase program this year. Though he didn't mention any specific timeline, investors took it positively for commodities price. IF FED starts its asset purchasing program again, it means the surge in inflation may fade over time. It is a good sign for...

Gold_Trading_Expert

Fundamental View Though last week had enough market mover data to share the Gold price, nothing happened last week after a big flash crash before last week though the USA had some major economic reports. Compared to the last week, there are no big events that can turmoil the gold price if something doesn't happen unexpectedly. There are four major economic...

Gold_Trading_Expert

Gold and Silver always run in the same direction. 20/25 years back silver and gold had little divergence price gap. But the price gap between these two metals is really high. 250/300 years back gold and silver were only currency. though nowadays every country has its own currency and many digital currencies. but the necessity of Gold and Silver still exists....

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Gold_Trading_Expert

What Does Market Really Follow? We all know that market is normally run by based on Technical Analysis, Fundamental Analysis, and Trading Sentiment. If you want to get a high result on your trade, you must combine these 3 analyses. As USD and Gold both are safe-haven currencies and reserve currencies as well. USD and Gold have a negative co-relation. If the...

Gold_Trading_Expert

Last Friday U.S. job market report printed better than forecasted. average hourly earnings have increased to 0.4% whether market expectation was 0.3%. Non-Farm employment change has added 943k jobs last month though the expectation was only 870k. and even, unemployment change has also beat the market expectation that printed 5.4%. Fundamentally, USD is in a good...

Gold_Trading_Expert Updated 

In the daily chart market still staying bellow the downward channel. Yesterday D1 candle formed a Bearish Pin Bar. If the gold price can't break above the 1820 price, D1 Bearish Pin Bar still will be valid. Last FOMC didn't change a lot. FED still in wait-and-see mode. Suppose we see the gold price break above the 1820 price zone. We may see some upward...

Gold_Trading_Expert

At the last FOMC, Gold prices end lower, then move up as the Fed signals no interest-rate hikes through 2022. During this period, FED didn't change its policy a lot. The pandemic has not finished yet, so it is hard to predict what will happen with the gold price. But, in the daily chart, the gold price has broken below the long-term trend line. So,...

Gold_Trading_Expert

in the next couple of weeks Dogeusd May Test 0.2860000 as long as the market above 0.2280000 price zone. breaking below 0.2280000 there may have a different scenario and may test 0.1600000 Price Zone.

Gold_Trading_Expert

Gold is still in a downtrend, But the gold price breaks and stable above the 1800.00 price zone may have a different scenario. From the present price zone, 1800.00 is the immediate resistance. Breaking above 1800.00 markets may test nearly 1840/1845 price zone. 1840-1850 is the descending channel resistance area. as long as the market below 1850.00, the market...

Gold_Trading_Expert

From the present rate, immediate resistance is identifying at the 1800.00 price zone and immediate support is identifying at the 1760 price zone. we should wait between the 1800 and 1760 price zone. There is no doubt trend is down, but in this current situation, the market is expecting an upward correction. but this week market is unable to break above 1800.00...

Gold_Trading_Expert Updated 

Silver stuck in a triangle channel. The immediate resistance price is 28.30, breaking above may test technically 28.0 price zone. As long as the silver price is not breaking above 28.80, we should not go for a long term buy. As the market stuck descending the trend line, we may see some minor correction to the downside till the 27.60 price zone. But long Term...

Gold_Trading_Expert

Gold is dropping 6 days in a row. In my last article, I did mention Gold is going to drop more than really happened. Is it time to sell now? I don't think so. we need to wait for some correction to the upside. then we can sell again. Breaking below 1850.00 price zone upside became invalid. from the current price zone, 1810/1815 is immediate resistance. We may...