Gold Fundamentals & News Gold prices are down by -1.84% in 24 hours and have reached $2017. The yellow metal extended its loss on Friday and dropped to its 2-day lowest level amid the rising strength of the US dollar. The US dollar Index, which measures the value of the greenback against the basket of …
Gold Came Under Pressure After Positive US Employment Data Read More »
Gold Technical Analysis The H4 chart of Gold shows that there are more buyers in the market than sellers. The prices have been moving in a descending triangle pattern for the past two weeks. Now, it has broken above the psychological $2000 mark. It is the same level where the 100-period Simple Moving Average is …
Gold Breaks Above the Descending Triangle Pattern and $2000 Read More »
Gold prices marginally declined after recovering to key levels in the previous session as traders anticipated further economic unrest due to an industrial slowdown and rising oil prices. Key Takeaways: Gold Faced Pressure on Rising Hawkish Fed Expectations After OPEC+ Output Cut OPEC+ unexpectedly reduced output on Sunday by 1.1 million barrels per day to …
Gold Prices Down on Hawkish Bets Amid OPEC+ Output Cut Read More »
Gold Technical Analysis The H4 Technical analysis of Gold suggests that the prices are currently hovering around the 23.6% Fibonacci retracement at $1962. There is a recent pullback from the 38.2% Fibonacci Retracement Level at $1932 (calculated from the low of $1808 on 28 February to a high of $2009 on 20 March). There is …
Gold is moving in consolidation- Economic Data on Focus Read More »
XAU/USD is trading around 1,947. After the strong price movements of the previous day, the gold price regained some upward momentum and kept its bid tone on Friday. The rising issues in the banking sector and chances for a dovish Federal Reserve were primary drivers. In the last eight trading sessions, gold has posted gains …
Gold reaches its highest level in 32 Days amid Global Banking Crisis Read More »
Gold Fundamentals and News XAU/USD is trading at 1,890.62, up by 1.36% in 24 hours. On Monday, the value of gold reached a one-month high. It is because easing hawkish Fed expectations and market concerns about no Fed rate hikes in March due to the recent US banking crisis appear to be weighing on the …
XAU/USD strengthened as Fed rate hike concerns caused the dollar to decline Read More »
Gold Fundamental Analysis XAU/USD is trading at $1,839.24, down by 0.41% in 24 hours. Gold investors anticipate additional information on the Fed’s inflation outlook and monetary policy stance from Powell’s speech. US Economic data The US economy gives favourable investor sentiment despite increasing inflation and a tight labour market. Meanwhile, the factory sector’s weaknesses continue …
Gold Under Pressure ahead of Powell’s Senate Hearing Read More »
The pessimist sees difficulty in every opportunity. The optimist sees opportunity in every difficulty.
Winston Churchill
