Short-term Gold PotentialGreetings, traders! What are your thoughts on the precious metal known as Gold?
Currently, Gold is exhibiting less volatility and is trading at approximately 1819, which remains unchanged from yesterday. It's worth noting that the USD-Index has dipped below 107 points since October 4th. The recent news of a milder-than-expected increase in jobs within the US private sector has provided support for Gold.
The positive condition of the labor market may potentially enable the US Federal Reserve (Fed) to continue implementing stricter monetary policies.
Unfortunately, on October 4th, there was a setback for precious metals as the yield of the 30-year US Government bond reached an alarming level of 5%, making recovery more challenging.
Taking into consideration the technical analysis on a H4 time frame chart, it becomes evident that Gold is currently experiencing a downtrend without any sign of momentum to reverse this trajectory. However, today we expect to witness a minor correction in Gold's value towards its resistance level at $1850 while maintaining support around $1800.
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Gold for the price increase, the most new analysisGreetings, valued traders! As predicted, the price of gold is experiencing significant growth and has currently reached a level of 1832 USD. This marks the highest increase seen in the past week.
After breaking away from its downward trend, the value of gold is on an upward trajectory. Additionally, due to three consecutive declines in the value of the dollar, support for purchasing gold remains strong. It is anticipated that prices may rebound to around 1,834 USD and potentially even reach 1,853 USD. This positive trend will persist until negative news pertaining to this currency pair emerges and dampens investor sentiment.
Gold extends gains to $1880?Hello dear readers! It's a pleasure to engage in this first conversation with all of you! Just as predicted in the previous weekend session, Gold opened at 1,849 USD/ounce, experiencing a significant increase of 16 USD/ounce compared to the previous week.
The buying demand for gold when prices dropped to their lowest level in 7 months has helped the precious metal recover. Despite the US Dollar index maintaining its high level around 106 points on the international market, gold prices continued to rise.
Due to buyers' interest in pushing up gold prices, Gold is currently trading at 1,851 USD with a projected increase reaching 1,880 USD from its opening price of today's session.
Latest EURUSD long-term analysisHello everyone. Currently, the EUR/USD exchange rate is trading above 1.0550, as it receives support from a slight decrease in the value of the US Dollar. The decline in US bond yields and the presence of a positive risk sentiment seem to be contributing to the weakening of the safe-haven status of the US Dollar.
The next level of resistance for the EUR/USD pair is at 1.0580. If this level is breached, it could lead to a further increase in the exchange rate, potentially reaching last week's high of 1.0600. As long as the exchange rate remains above 1.0530, the short-term upward trend will remain intact. However, if it drops below 1.0520, it may indicate a potential decline towards the 1.0500 area, suggesting further weakness in the near future.
This week, there are some significant events that could have a substantial impact on the EUR/USD exchange rate. One of them is the US Federal Open Market Committee (FOMC) meeting, where important decisions regarding monetary policy will be made. Additionally, the Consumer Price Index (CPI) data for the US will also be released, providing insights into inflation levels. These developments are expected to influence the movement of the EUR/USD pair.
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Euro loses traction, revisiting 1.0530 zone on risk-off trade
Hello wealthy and intelligent friends!
Today, the EU continues its downward trend and there has yet to be any breakout from the bearish channel. It is anticipated that in the coming days, prices may fluctuate within a narrow range of 1.057 - 1.040, with the downward trendline being maintained.
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Update the latest gold prices. Long-term analysisHello everyone, Alselv here. Today, Gold continues to maintain its upward trend. It is currently trading at $1863, a 0.12% increase for the day. This stable rise aligns with the predictions made yesterday.
The bloody conflict in the Middle East over the past weekend led to Israeli Prime Minister Benjamin Netanyahu declaring that the country is at war following a major attack by the Hamas group from Palestine. This situation has fueled risk aversion and increased demand for safe-haven assets like precious metals, which has pushed up the price of gold today. The closure of the US and Canadian markets for Columbus Day has not impacted the price of gold as the USD strengthens.
Due to these factors, gold buyers continue to push the price higher, and gold is currently at $1864, with an expected increase to $1928. This upward trend will persist until any significant developments occur.
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Comments on XAUUSD for the new weekNice to meet you all again! Today, Gold shows clear signs of recovery as the price reaches a high of $1851 with little change from this morning.
On the 4-hour timeframe, Gold appears to be cooling down as it seems uncertain about the prospects of further price increase. But don't worry, the possibility of Gold surpassing this level is only a matter of time, as the USD has reached its peak and is likely to retreat, thus supporting this precious metal.
This week, there is news about the USD on Wednesday and Thursday, so it is possible that after Gold rises to the indicated level, there will be another pullback before the direction of Gold becomes clear.
Latest BTC analysis: The price continues to increaseToday, the BTC is continuing to consolidate significant price increases, with the current price trading at a high of 27,789 at the time of writing.
From a technical perspective on the 4-hour chart, using the excellent tool from Trading View called Bollinger Band, it shows that the current trend is tightening, indicating a relatively stable trading environment with minimal fluctuations.
However, there are signs that the price is approaching the lower limit of the Bollinger Band, suggesting that the next move for BTC could be a slight decline. This could serve as a stepping stone for a price increase, as the current upward trend is still functioning well.
USDJPY: Target 150.00Hello intelligent and wealthy traders, currently in our market today, USDJPY is still holding its price increases well, currently trading around 149.100 at the time of writing.
On the analysis chart, the upward channel has not been broken yet, along with the reversal from EMA 34 signaling an upcoming price increase. The level of 150.00 is the number that many people are targeting the most at the moment.
GBP/USD struggles near 1.2200Greetings everyone. Today, the GBP/USD pair is engaged in a battle around the 1.2200 mark, facing defensive pressure at the beginning of the week due to risk-averse sentiment. The US dollar has taken advantage of escalating geopolitical tensions in the Middle East and has placed a bullish bet on the Federal Reserve. Additionally, the pair is weighed down by higher oil prices.
Investors are closely monitoring important events scheduled for this week, such as the release of the meeting minutes from the Federal Open Market Committee (FOMC) and US consumer inflation data. These upcoming releases will offer valuable insights into the Fed's future policy decisions and have an impact on the trajectory of the USD, consequently affecting the GBP/USD pair.
USDJPY gains remain limitedToday, the USD/JPY pair is facing difficulties in capitalizing on Friday's positive momentum and opened with a modest price decline on the first day of the new week.
However, spot prices are attempting to recover a few pips from the level below 149.00 or the daily low, although there is a lack of follow-through after the escalating geopolitical tensions in the Middle East, which tends to benefit the safe-haven Japanese Yen.
What is gold showing?Hello smart traders!
Today, on the 1-hour time frame, gold has formed a price gap at a high of $1842 during today's trading session. Gold has coincidentally broken down below, leading to a decrease in the Dow. Overall, gold may retest a support level and continue its upward trend.
Gold has been oversold from a technical standpoint and seems to be stabilizing around the $1820/ounce level. The US dollar and silver bond yields appear to be pausing after a strong rally. This could potentially be the driving force to continue pushing gold higher.
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XAUUSD - It's time to reverseDear esteemed traders, I am Karina, thrilled to accompany you on the Trading View market. Let's exchange ideas and discuss today's topic together!
With the fantastic tools on Trading View, we are currently witnessing a narrowing of the Bollinger Band range, indicating potential significant market volatility in our XAUUSD market. After experiencing a decline in recent days, it seems that this week may bring a return to weakness in gold prices, as seen over the past two days. This presents an opportunity for us to establish a Buy position with support at 1805 and utilize Fibonacci measurements, which could reach up to 1865 USD.
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Update gold price on weekends, the price increases again.Dear esteemed traders, as predicted by Karina yesterday, the price of gold has indeed experienced an upward trend and has now paused its trading session at a closing price of $1,832. This marks the highest price increase in the past week.
Based on technical analysis, after the Bollinger Bands tightened, they are now showing signs of expansion, which is considered a positive indication for price growth as the metal approaches the upper limit of the Bollinger Bands.
According to Karina's perspective and forecast, the price may recover around $1,838, and it could potentially reach as high as $1,845. And you, what are your thoughts?
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Gold recovered strongly during the weekHello smart traders!
Currently, in the market, gold has started the trading session with a strong recovery, reaching up to $1851, in line with Karina's forecast yesterday.
Currently, on the chart, after the Bollinger Bands tightened, they have expanded, indicating the potential for significant market volatility in the near future. Additionally, breaking above the upper limit of gold suggests that the upward trend is being prioritized, with the possibility of a slight decrease followed by a recovery to the nearest resistance level set at $1875, as shown in the analysis chart.
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Gold - Strong explosionHello wealthy and intelligent friends!
Today, gold is showing clear signs of recovery, with prices fluctuating around $1,851 per ounce and not experiencing much change compared to the morning trading session.
After witnessing continuous price declines for several days, it seems that gold has regained its prospects for an increase in value. By using the Fibonacci tool, a perfect recovery level can be reached at $1,870 and even higher at $1,885 per ounce.
This week, we will have news about the USD on Wednesday and Thursday, so it is likely that after gold rises to the indicator level, this precious metal will undergo another test of decline before the direction of gold becomes clear.
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USDJPY promises the goal of 150,00Greetings, traders!
At present, USDJPY is going through a phase of reinforcement as it undergoes a test to determine its upward movement. In the previous month, this currency pair closed at 149.23 and displayed strong support at 149.16. Moving forward, the next level of support lies at a low point of 148.45.
The favorable maintenance of this USDJPY with its current price will bolster the strength of currency pairs. Conversely, if it fails to sustain this upward momentum, the pair may revisit the previously defined low levels. The upward trend remains intact due to positive market developments that continue to support USDJPY's progress. Our objective is still focused on reaching and surpassing higher levels beyond 150.00.
Gold updates and analysis todayGreetings everyone!
At present, gold appears to be exhibiting less volatility as it is primarily focused on moving in a sideways direction, with its current trading value standing at 1826 USD per ounce. While the global gold market this morning neared yesterday's price level, it has experienced a notable decline in comparison to its previous surge. According to the latest report, there has been a notable increase in buying pressure within the gold market. The recent data indicates that the US labor market is displaying signs of slowing down, with last month's creation of private sector jobs falling significantly short of expectations.
Traders are presently eagerly anticipating the release of the September jobs report from the US Department of Labor on Friday. It is anticipated that this will bring positive news for gold.
Potential to increase EURUSD?Greetings, traders!
Following a substantial reduction, the EURUSD pair concluded its session at a low of 1.045 and is presently being traded at 1.058.
Examining the technical analysis on the H4 timeframe for EURUSD reveals an upward trend, suggesting that there is potential for further price appreciation in the near future. As long as this currency pair continues to maintain its current upward movement, it is highly probable that it will experience strong buying pressure around the 1.065 and subsequently 1.073 price levels.
EURUSD drops 1.0500 amid geopolitical tensionsThe EUR/USD is consolidating its decline near 1.0550, after retreating from a one-week high at the start of the Asian session on Monday. This currency pair has weakened due to increased demand for the US dollar as a safe haven following the recent military clashes between Palestine and Israel over the weekend.
A gap seems to have formed on the 4-hour timeframe, with price gaps identified fluctuating around 1.0577 - 1.0759. It is likely that today, EUR/USD will retest support at 1.0500 before rebounding with the aim of filling in the previous price gap, with an expected level of resistance around 1.0650.
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BTCUSD analysis todayHello to all readers!
Today, we are witnessing the brilliance of the current BTC, which is reaching a level of 27960 USD with an expected increase of 28000 USD.
On the upward trend chart, a clear pattern has formed with strong support at 27815, which will continue to drive BTC up to a high level of 28602 USD. The upward trend will continue until there are any restraints on the rising momentum.
What are your thoughts on BTC today?
GBPUSD expands its increaseGreetings, valued traders!
At present, GBPUSD is capitalizing on its upward price trend following a decline from 1.206. It is evident that this currency pair is gradually tempering its downward momentum and extending its potential for price appreciation.
With the current exchange rate of 1,2235, this particular pairing has the potential to propel towards the resistance level of 1,2458 by surpassing the breakthrough point at 1,2307. Consequently, it can be inferred that this increase serves as a robust support level to further bolster this currency pair.