Forex Market Analysis & Articles
Weekly gold analysis
📝 Weekly gold From the beginning of 2022 to this moment, It was the best for the US dollar.In the last 9 months, this global reserve currency has taken full advantage of the increase in interest rates, risk-averse flows, and the lack of a suitable alternat...
Weekly gold analysis
📝 Weekly gold ◽️ Gold jumped more than 1 percent in its final days after last week's sharp decline, led by weaker U.S. jobs data, but remains under pressure from higher interest rates to continue its downtrend. ◽️ The number of jobs reported was clo...
Weekly gold analysis
◽️ After Powell's speech at the Jackson Hole meeting, sellers will have the upper hand because the Fed's hawkish policies will continue. ◽️ This week's NFP report has gained importance as speculation of the Fed's next rate hike increases. ◽️ This we...
Weekly gold analysis
The rise of the dollar index last week was able to put pressure on gold and we saw the drop in gold prices last week The previous meeting of the Federal Reserve did not clarify the tasks of the traders very much, so the traders are looking to the next ...
Weekly gold analysis
◽️ With inflation decreasing and expectations of the FED hawkish policies withdrawal, gold was bullish in the past weeks ◽️ Signs of deflation have dampened the possibility of a 75bsp hike in September and weakened the dollar, but on the other hand, it has...
Weekly gold analysis
◽️ Last week, our expectation from the employment and wages report was weak data and weak US dollar, and rising gold. ◽️ Although the US data performed better than expected, it pushed gold to higher prices because everyone was shorting for weak data. ◽️...
Weekly gold analysis
◽️ After weeks, gold prices ended the week with a 2% gain because of Less hawkish Fed talks and gave hopes to gold buyers ◽️ Jerome Powell said that further aggressive tightening remains possible because we don't see any cessation sign in the market and we...
Weekly gold analysis
◽️ Technically, gold has formed its price floor and is supported on $1680-$1690 area ◽️ Most markets and stocks, as well as high-beta assets, were all bearish, it can be a little hopeful for gold ◽️ Dcline of the dollar index, It seems that all the hawk...
Weekly gold analysis
◽️ We are having the worst weeks for gold. The US dollar is at its turning point, the price of gold has dropped to its lowest level in the past one year, and the euro has reached parity after 20 years. ◽️ Last week's economic data showed that with all the ...
Weekly gold analysis
◽️ Gold disappointed traders last week and recorded 4% decrease, lowest price in the last two months ◽️ FED consensus for hike another 75bp interest rates to suppress inflation, so gold will continue to trade in confusion next week. ◽️ But the point is ...
Weekly gold analysis
◽️ Last week Gold closed with negative red prices and shows us that the short-term sentiment is still bearish. ◽️ Last downside movement despite the G7 news that four members decided to ban imports of Russian gold and also US Durable Goods Orders helps thi...
Weekly gold analysis
◽️ Gold continues to fluctuate below $1,830 on last week. becasue Riska and the 10-year US Treasury bond yield is up more than 1% on the day, gold limiting to upside. ◽️ Gold is traded in ambiguity But it still keeps its position in these market pressure c...