MrTrongVo

MrTrongVo Updated 

From a technical perspective, the Relative Strength Index (RSI) at the day by day chart has been flashing overstretched situations and warrants a few warning amongst bullish traders. Therefore, it might be clever to watch for a few close to-time period consolidation or a modest pullback earlier than figuring out any similarly close to-time period upside movements...

MrTrongVo Updated 

Gold prices (XAU/USD) traded with a mildly negative bias entering the European session on Wednesday and retreated further from the vicinity of the all-time high retested today. before. Traders decided to trim their bullish bets following the recent strong rally witnessed over the past week or so and ahead of the Federal Reserve Chairman`s (Fed) congressional...

MrTrongVo Updated 

The gold market is up about $25 from December's record high, and while Monday's rally that pushed prices above $2,100 an ounce was shocking, it wasn't completely unexpected. Many analysts have noted that gold's rally came out of nowhere and was sparked by disappointing second-rate economic data in the US. At the same time, analysts also point out that both gold...

MrTrongVo

Gold costs spent the primary 3 days of the week ranging between $2,030 and $2,040, with a weekend breakout acting to bolster to new highs. I checked out gold costs on Wednesday, simply earlier than Core PCE become discovered, and at that time, there has been a bullish flag forming from a bearish channel in an uptrend. The fashion strengthens to $2,050 in its 5th...

MrTrongVo Updated 

Despite the challenges gold is facing in a high interest rate environment The precious metal will remain stuck in its current range until the market knows for sure when the Fed will cut interest rates. Gold's short-term direction will continue to depend on upcoming economic data and their impact on the USD, yields and, not least, interest rate cut expectations. A...

MrTrongVo Updated 

The world gold market is quiet as investors are waiting for important reports this week. It is expected that the personal consumption expenditure index (PCE) report, which is expected to influence the interest rate direction of the US Federal Reserve (Fed), will be published today. In recent statements, Fed officials left open the possibility that the US Central...

MrTrongVo Updated 

World gold continues to test resistance below 2,050 USD/ounce and is having difficulty attracting new upward price momentum even when published data is not as expected. Conference Board survey results released on February 27 showed that the US consumer confidence index decreased in February to 106.7, down from 110.90 adjusted down in January. Consumer optimism...

MrTrongVo Updated 

During the February 27 session, gold prices weakened after durable goods orders data and consumer confidence reports both fell stronger than expected. During the European session, XAU/USD increased to $2,039 but then fell sharply and closed the session at $2,030. Investors are waiting for upcoming US economic data to get more information about the world's largest...

MrTrongVo Updated 

Gold futures last traded at 2,041 USD/ounce, down 8.35 USD compared to yesterday morning. World gold decreased slightly as the market waited for the US personal consumption expenditure (PCE) price index report. This important inflation data is expected to give investors more clues about the future interest rate direction of the US Federal Reserve (Fed). PCE, the...

MrTrongVo Updated 

While the weaker inflation report probably won't change things at the March meeting, according to OANDA senior market analyst Craig Erlam, it could at least trigger a debate. There is more serious discussion within the Fed about the timing of the first cut, and that could be positive for gold. Despite gold's decline, FXTM senior research analyst Lukman Otunuga...

MrTrongVo Updated 

Over the past few weeks, Fed officials have emphasized that the market is too optimistic in expectations of policy easing Reduced cut expectations have put slight pressure on XAU World gold prices tend to increase with spot gold increasing by 1.3 USD to 2,036.6 USD/ounce. Last week, the world gold market was less volatile with prices fluctuating in a narrow range...

MrTrongVo Updated 

, gold has increased by 5 in 6 moderate versions. The US Dollar Index has also decreased in 6 of the last 7 sessions. Chandler said he expects the dollar to continue its downward trend because he believes the interest rate adjustment is coming to an end. He believes that spot gold could rise to $2,050/ounce this week. If upcoming economic data continues to be...

MrTrongVo Updated 

Gold prices will still find support even as risk assets, such as stocks, rise. In addition, Goldman Sachs has forecast that gold prices will continue to rise this week after the FMOC meeting margin is announced. If the upward momentum of XAU/USD continues today, it will mark six consecutive rising sessions for gold prices. Currently gold is trading around...

MrTrongVo Updated 

The political ladder and PMI news give XAU a boost in the future In the context of ongoing conflicts in Ukraine and Gaza, haven assets such as gold tend to be more favored by investors. In addition, the minutes of the Fed's January FOMC meeting show that the US Central Bank seems to be more concerned about the inflationary risks of lowering interest rates too...

MrTrongVo Updated 

Despite the pressure, gold prices continued to consolidate as the Federal Reserve signaled that its monetary policy peak had been reached but there was no interest rate cut yet, according to minutes of the currency meeting Almost all participants noted the possible risks of moving too quickly to ease policy field settings and emphasized the importance of carefully...

MrTrongVo Updated 

In the foreign exchange market, the US Dollar Index (DXY) opened this morning at 103.91 points. It is predicted that gold price will reach 2,210 USD/ounce in the fourth quarter of this year, reaching a new all-time high. However, he added that there is a possibility of stronger gold price gains as the Federal Reserve risks making policy mistakes. Although...

MrTrongVo Updated 

With gold now up for the fourth day in a row, it has allowed a nice bullish trend to develop on the 1-hour chart. The recent gains were accompanied by increased volume and tapered off as the price retraced. The price is currently trying to build support around the 10-day EMA and previous highs/double tops around $2024 and RSI (2) is oversold, so perhaps an...

MrTrongVo Updated 

According to Kitco, the world gold price recorded at 5:00 am today Vietnam spot time was 2,017,945 USD/ounce. Today's gold price is 4,715 USD/ounce different from yesterday's gold price. Gold prices rose in Asian trade extending a recovery to one-month lows after recently breaking below key support, despite worries of stabilizing a higher pace in the long term of...