MrGold55

MrGold55 Updated 

Gold have buy trend to 2066 Quick move will be buy don't sell gold

MrGold55

From a technical perspective, the overnight sustained breakout through the 200-day Simple Moving Average (SMA) and a subsequent strength beyond the $1,947-1,948 supply zone was seen as a fresh trigger for bulls. Moreover, oscillators on the daily chart are holding in the positive territory and are still far from being in the overbought zone. This, in turn,...

MrGold55 Updated 

Gold remains depressed on positive risk tone, lacks follow-through amid geopolitical risks Gold struggles to capitalize on the previous day's late rebound from the $1,908 area and drifts lower for the second succeessive day on Tuesday. The precious metal maintains its offered tone heading into the European session and is pressured by a positive risk tone, which...

MrGold55 Updated 

Gold price remains depressed below multi-week top, Israel-Hamas conflict to limit losses Gold price (XAU/USD) rallied to over a three-week high, around the $1,932-1,933 area on Friday in the wake of the intensifying Israel-Hamas conflict, which forced investors to take refuge in traditional safe-haven assets Gold buy now 1916 Sl 1904 Target 1930 Target 1950

MrGold55 Updated 

Traders seem reluctant to place aggressive directional bets around the Gold price and prefer to wait for fresh cues about the Federal Reserve's (Fed) future rate-hike path. The United States (US) Nonfarm Payrolls (NFP) report released last Friday showed that wage growth remained moderate in September and eased inflationary concerns. This, along with recent dovish...

MrGold55 Updated 

Gold pressures fresh weekly highs above $1,860 PREMIUM After sending the majority of the day in a tight channel above $1,850, Gold gained traction and advanced to the $1,860 area in the American session. The benchmark 10-year US T-bond yield declined toward 4.6% and allowed XAU/USD to stretch highe Setup Gold price Gold buy 1960 Buy limit 1953 Target 1970 Target...

MrGold55 Updated 

Gold clings to strong daily gains near $1,850 Gold price started the new week with a bullish gap and climbed to the $1,850 area as investors reacted to escalating geopolitical tensions amid the reignited Israel-Hamas conflict. US bond markets will remain closed in observance of the Columbus Day holiday

MrGold55 Updated 

Gold recovers to $1,830 as US yields retreat Gold price turned north and rose to the $1,830 area. The benchmark 10-year US Treasury bond yield retreated below 4.8% after rising toward 4.9% with the immediate reaction to the US September jobs report and provided a boost to XAU/USD.

MrGold55 Updated 

This should allow the Fed to keep rates higher for longer and possibly extend the rate-hiking cycle into 2024, which leads to an extended selloff in the US fixed-income market. Meanwhile, the spillover effect, along with looming recession fears and worries about China's ailing property sector, continues to take its toll on the global risk sentiment. This, in turn,...

MrGold55 Updated 

The XAU/USD is down $20 per ounce for Monday, declining to $1,830.00 on the charts as Gold continues its decline. Gold spot prices are set to close in the red for the sixth consecutive trading day, and the XAU/USD has closed flat or bearish for nine of the last ten daily candles. Gold remains significantly oversold on the charts as investors flock to safer havens...

MrGold55 Updated 

Gold price (XAU/USD) settled deep in the red on Friday to end September down over 4.5% and lower for the second quarter in a row. The yellow metal also recorded its biggest weekly decline in more than two years and continues to be weighed down by growing acceptance that the Federal Reserve (Fed) will keep interest rates higher for longer. The US central bank...

MrGold55 Updated 

Gold is going to retest his resistance of 1884 _ 1890 level .if rejected from these level and d1 or H4 candle closed bellow the 1884 level then we can see a long bearish impulse till 1824 Setup gold price Gold sell 1972-1980 Target 1955 Target 1920 👉 wish trader to manage your account well 👉 Take small lots with money management 👉Take small stoploss and big take...

MrGold55 Updated 

Gold slumps to multi-month lows below $1,860 Following a quiet European session, Gold price turned south in the second half of the day and dropped below $1,860 for the first time since March. Although the US Dollar struggles to find demand, the ongoing rally in the US yields continues to weigh on XAU/USD.

MrGold55 Updated 

Gold price languishes near one-and-half-week low on hawkish Fed expectations Gold price prolongs its descending trend witnessed over the past week or so and weakens further below the $1,915 level, hitting over a one-week low on Tuesday. The US Dollar (USD) stands tall near its highest level since December 2022 touched on Monday and continues to undermine the...

MrGold55 Updated 

Gold remains on the defensive below $1,940 amid the Fed’s hawkish stance Gold price (XAU/USD) loses momentum around $1,920 during the early European session on Monday. Meanwhile, the US Dollar Index (DXY) attracts some buyers and hovers around 105.60, near the highest level since March 2023. Setup price Gold Buy 1924 Target 1933 Target 1940 Target 1957 👉 wish...

MrGold55 Updated 

The Fed's hawkish stance on interest rates trajectory exerts pressure on the prices of the yellow metal. As expected, the Federal Reserve opted to maintain the current benchmark policy rates at 5.5% during the meeting held on Wednesday. Moreover, it is anticipated that the central bank will pursue an additional rate hike in 2023, in line with the Federal Open...

MrGold55 Updated 

Gold price closed Monday above the all-important 50-Daily Moving Average (DMA) at $1,932, confirming a bullish reversal from three-week lows. Therefore, the further upside now opens up toward the September high of $1,953 should Gold price manage to take out the mildly bullish 100 DMA at $1,942 on a sustained basis. Setup Gold price Gold buy now 1931 Buy limit...

MrGold55 Updated 

Gold price yielded a weekly close above the all-important 200-Daily Moving Average (DMA) at $1,922 on Friday, opening doors for more gains. However, Gold buyers need to scale a powerful resistance aligned at $1,1932, the 50 DMA, to confirm a bullish reversal from three-week lows. The psychological $1,950 level will be next on Gold buyers’ radars. Ahead of that,...