Hello everyone! Today i want to share some macro analysis with u!1.In early Asian trading on Monday (23 December), gold was narrowly oscillating, currently trading near $2,622.13. Gold prices jumped nearly $ 30 on Friday, supported by the dollar and U.S. bond yields weakened, after the U.S. economic data showed a slowdown in inflation, but the Fed's hawkish interest rate outlook so that the gold price is expected to record weekly losses, in addition, a number of Fed officials spoke in favour of slowing down next year's interest rate cuts in part, still making the gold bulls have some concerns. $Gold - main 2502(GCmain)$$XAU/USD(XAUUSD.FOREX)$ Follow me to learn more about analysis!!
Hello everyone! Today i want to share some macro analysis with you! $E-Micro Gold - main 2502(MGCmain)$$Gold - main 2502(GCmain)$$XAU/USD(XAUUSD.FOREX)$ Gold price managed to break below the intraday bullish trend line and stabilised below it, reinforcing the expectation of a continuation of the bearish trend on an intraday basis, mainly waiting for a visit to the $2,615.00 and subsequently the $2,600.00 level.Stochastic has clearly lost its positive momentum, supporting the downward expectation that a break above $2687 will stop the bearish wave and lead the price back to the main bullish track again.Today's trading range is expected to be bet
Hello everyone! Today i want to share some macro analysis with you!1. $Gold - main 2502(GCmain)$ Tuesday (December 17) Asian morning trading, spot gold narrow range shock, currently trading at 2652.01 U.S. dollars / ounce near. Gold prices bottomed out on Monday, early in the session had fallen to a one-week low of 2643.41 U.S. dollars / ounce, closed near 2652.50 U.S. dollars / ounce, by the ongoing geopolitical concerns and the dollar weakened support, however, the market is waiting for the Federal Reserve's policy meeting, the wait-and-see mood is stronger, the overall trading is more cautious; is expected to be a third rate cut by the Federal Reserve, and to provide clues about the outlook for the year 2025. The selling strategy given yest
Monday (December 16) Asian morning trading, spot gold narrow oscillation, currently trading in the vicinity of 2650.30 U.S. dollars / ounce. Gold prices hit a new high of 2726.05 more than five weeks last Thursday after profit-taking, on Friday to continue the downtrend, the lowest touched 2646 U.S. dollars near, for nearly a week low, U.S. bond yields continue to rise, and refresh the nearly three-week highs, so that the gold price continues to be under pressure.From a technical point of view, gold prices still have the risk of retracement in the short term, but 2605-2666 is the previous oscillation range, but also a dense turnover area, need to pay attention to. $Gold - main 2502(GCmain)$$XAU/U
Hello everyone! Today i want to share some macro analysis with you!1.Gold closed down nearly $38 yesterday. This was partly attributed to investors taking profits after gold prices hit a 5-week high in early trading, rushing to close out positions ahead of next week's Fed meeting. In addition, higher U.S. bond yields also hit gold prices.Gold ended Thursday's session tumbling $37.85, or 1.39%, to $2,679.94.Gold prices tumbled on Thursday as traders took profits following the fiery U.S. PPI data, which beat expectations and hinted that the anti-inflationary process may be stalling. In addition, gold was also pressured by a modest 1.5 basis point jump in the yield on the US 10-year Treasury note to 4.289 % $Gold - main 2502(GCmain)$
Hello everyone! Today i want to share some macro analysis with you!1. $Gold - main 2502(GCmain)$$XAU/USD(XAUUSD.FOREX)$ TECHNICAL: Gold prices provided a clear buying trade yesterday, reaching the $2725 area, reinforcing the expectation of a continuation of the bullish trend in the upcoming trade, reminding you that the target we are waiting for is located at $2,745, a break of which is the key towards the recently recorded all-time high of $2,790.At the same time, considering that a break below $2,670 would stop the bullish wave and push the price to turn down, the stochastic indicator is still negative, which would hamper the task of bouncing back towards the awaited target.Today's trading
Gold: Expectation of Rate Cuts Drives Price Higher!
Hello everyone! Today i want to share some macro analysis with you!1. $Gold - main 2502(GCmain)$$XAU/USD(XAUUSD.FOREX)$ On Tuesday (10 December), the price of gold surged nearly $34 to a two-week high, supported by rising geopolitical tensions to strong expectations of a Fed rate cut next week.Gold prices surged towards $2,700 per ounce, supported by strong market expectations that the Federal Reserve will cut interest rates in December this year. Investors are now waiting for the key U.S. Consumer Price Index (CPI) data.Gold closed surging $33.75, or 1.27 per cent, at $2,693.78 per ounce on Tuesday.Follow me to learn more about analysis!!
Hello everyone! Today i want to share some macro analysis with you!1.In early Asian trading on Tuesday (10 December), gold was narrowly oscillating, currently trading near $2,662.70, holding on to most of its overnight gains. Gold prices touched a two-week high of 2,676.31 on Monday, climbing more than 1 per cent to close at $2,660.09, as China's central bank re-bought gold after a six-month hiatus, while expectations of a Fed rate cut next week also increased bullish sentiment, the geopolitical situation also pushed up safe-haven buying demand. Follow me to learn more about analysis!!
Hello everyone! Today i want to share some macro analysis with you!1.TECHNICAL: Gold price resumed its downtrend to support the expected continuation of the dominant bearish trend during the day, waiting for a test of $2,600, which is the first major target of my recent forecasts, reminding that a break above this level would extend the bearish wave to the $2,513.15 area.A break below the EMA50 supports the continuation of the suggested bearish wave, while a break above $2567 would stop the expected downtrend and allow the price to resume the dominant bullish trend once again.Expect today's trading range to be between the 2610 support level and the 2645 resistance level.Trading continues to be dominated by sell orders! Asian and European market strategies: Sell: 2643-45 TP:2630-2625 SL:265
GOLD: Which Target To Follow as the Report Release?
Hello everyone! Today i want to share some macro analysis with you! $Gold - main 2502(GCmain)$$XAU/USD(XAUUSD.FOREX)$ In early Asian trading on Thursday (5 December), spot gold was narrowly oscillating, currently trading near $2,649.49 per ounce. Gold prices rose slightly on Wednesday, closing near $2,649.74 per ounce, after data showed that U.S. private jobs grew moderately last month, while investors digested Federal Reserve Chairman Jerome Powell's speech and looked forward to Friday's non-farm payrolls report. Follow me to learn more about analysis!!