Tuesday’s trading session saw a slight decline in the gold market, as it continues to appear that the market is close to breaking down.
Written by: Winona Grant
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After shattering a support line that had held for two months, the gold price has continued to decline and is now within striking distance of an annual low. The XAU/USD bears are optimistic due to firmer yields and worries about China. The US retail sales report is being anticipated with caution after lower than expected CPI and PPI failed to calm hawkish Fed predictions.
Written by: Winona Grant
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Tuesday’s gold markets plummeted as the CPI number was far higher than anticipated. Nevertheless, we are nearing a big support level.
Written by: Winona Grant
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The gold markets have risen again on Monday as we continue to attempt to reach $1750. Despite this, there is still a great deal of noise in the environment.
Written by: Winona Grant
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The gold market has declined slightly during Thursday’s trading session as investors anticipate Friday’s employment report.
Written by: Winona Grant
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Tuesday’s trading session saw a slight decline in gold prices, as we continue to hover near the same support gap that we tested on Monday.
Written by: Winona Grant
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Gold markets fell initially during Monday’s trading session, but have since shown signs of life as they cling to the $1750 support level.
Written by: Winona Grant
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If Powell argues for aggressive rate hikes while highlighting a modest recession, gold prices could fall further.
Written by: Winona Grant
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Gold price has broken below the $1,745.02-1,749.15 level, resetting the daily low to $1,740.00. The probability of a 50 basis point rate hike by the Fed is growing rapidly. A fall in US Durable Goods Orders during periods of rising inflation will have an effect on the DXY exchange rate.
Written by: Winona Grant
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Gold markets initially gained on Thursday, but rapidly reversed course, displaying an inverted hammer pattern.
Written by: Winona Grant
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