Naoomi

Naoomi

Gold prices have recovered strongly to $2,610/ounce in today's trading session, up $48 in just the past 24 hours. This move shows increased bottom-fishing demand after the precious metal fell a total of more than $120/ounce in the previous five trading sessions. Technical Analysis Looking at the gold price chart, the EMA 34 and EMA 89 still show a medium-term...

Naoomi

I am watching the recovery in gold, currently trading around $2,586/oz. With the USD rising sharply after President-elect Donald Trump's victory and expectations of higher inflation, the Fed is likely to maintain high interest rates. This is creating significant pressure, making it difficult for gold to continue to break above the 34-EMA and 89-EMA. In addition,...

Naoomi

World gold prices are under downward pressure in the context of a stronger USD and rising US bond yields. The US CPI index in October increased by 0.2%, pushing inflation in the year to 2.6% as expected. This, along with the possibility of new taxes from the administration of President-elect Donald Trump, is making investors believe that the FED may pause interest...

Naoomi Updated 

Gold prices are under pressure as the US dollar strengthens, US Treasury yields rise to 4.5%, and demand for gold from China declines. In the recent trading session, gold prices fluctuated sharply, falling to a 7-week low of $2,599/ounce. Market sentiment is gradually losing confidence in gold, with many investors selling off to preserve capital. In addition, US...

Naoomi

Looking at the recent gold price chart, I noticed that the downward trend of gold is becoming clearer. Currently, gold is trading around 2,622 USD/ounce, marking a significant decline, especially when the USD Index rose to 105.5 points. With the strength of the USD reaching its highest level in more than 4 months, gold prices have been under great pressure from...

Naoomi

Looking at the current gold price chart, I see that the price is in a stable upward channel, with support near the 34-day EMA and the lower trend line. Gold is currently correcting near the lower boundary of the channel around $2,670, and this could be a key point to watch to see if the price bounces. If the price holds and recovers from this area, I think the...

Naoomi

Gold is facing strong selling pressure below a descending trendline defined by lower highs. All three approaches to this trendline were rejected, indicating strong short-term selling pressure. With the current selling pressure, I think there is a high possibility that the price will continue its downtrend and head towards a strong support zone around...

Naoomi

The current gold price chart shows a bearish momentum after encountering resistance at the downtrend line and the EMA (89) and EMA (34). Each time the price touches this resistance line, it creates a sharp decline, indicating that selling pressure is still dominant. Currently, gold is likely to continue falling towards the support zone in the range of $2,640 –...

Naoomi

Currently, gold is falling sharply to $2,648/ounce, under pressure from many economic factors and market news. Specifically, with the belief that President Donald Trump's term will boost the USD, investors have shifted to holding the greenback, pushing the USD Index up to 105.12 points. The strong USD makes gold more expensive for foreign investors, reducing the...

Naoomi Updated 

Based on the current gold price chart, there are signs that a "Bump and Run" pattern is forming – a pattern that often predicts a strong reversal. First, in the "Bump" phase, gold prices experienced a strong increase, forming a stable uptrend line. Then, prices peaked, reversed, and broke the support trend line – a sign that the bullish momentum has...

Naoomi

On the current chart of gold price, we can see a potential pattern for a short-term bearish trend. After peaking at nearly $2,780/ounce, the price has started to decline and is currently trading within a bearish channel. The slight bounce this morning could be just a temporary move before continuing the bearish trend, especially since the price has broken the EMA...

Naoomi

Based on the current gold price chart, it can be seen that the gold price is at $2,743/ounce, supported by the EMA 34 and EMA 89, creating a relatively strong support base in this price range. However, the EMA lines also show signs of slowing down as the price does not have a clear breakout. Investors are currently focusing on possible fluctuations ahead of the...

Naoomi

The current gold price chart shows that there has been a breakout from the previous upward trend line, while the price is also falling below the EMA 34 and EMA 89, confirming the downtrend. With strong selling pressure after the breakout, there is a high possibility that the gold price will continue to decline towards the important support zone around...

Naoomi

Gold is currently hovering around $2,747/ounce after facing strong selling pressure from the $2,800/ounce resistance. The technical chart shows that the EMA(89) acts as an important support, and the test of this area will determine the next trend of the market. Recent news also contributed to the gold trend. Political uncertainty ahead of the US presidential...

Naoomi

Gold is currently trading around $2,787/ounce, supported by the EMA(34) and EMA(89), indicating that the uptrend is dominant. The chart shows that the price is in a stable uptrend channel, with strong buying pressure. The nearest resistance level may create a short-term correction, but if the price continues to break and maintain above the EMAs, the long-term...

Naoomi Updated 

Based on the EUR/USD chart, there are signs of a "Cup and Handle" pattern forming. The price is currently fluctuating around the resistance at 1.0826 and the support zone near 1.0770. The trend suggests that the price will likely continue to move in a narrow range before it can break the resistance and move into the next uptrend. If the price breaks this...

Naoomi

Based on the current factors, I see gold prices in an uptrend and trading within a solid bullish channel, with the EMA (34) and EMA (89) supporting below. The main driver is political uncertainty in the US, along with concerns about fiscal deficits and safe-haven demand amid geopolitical tensions. News of hedge funds buying an additional 15 tonnes of gold last...

Naoomi

Based on the chart of XAUUSD, I see an ascending wedge pattern forming, with the possibility of a strong price increase upon breaking the resistance. The EMA(34) and EMA(89) are still below, supporting this uptrend. If the price continues to stay within the wedge pattern and then breaks above, we can expect a strong increase to the $2,800 area or higher.