The reason for the significant $27 increase in gold price on Friday! How to trade gold next week? Analyst's technical analysis of gold price.
#Gold Technical Analysis# 24K99 News On Friday (October 11), due to the prospect of a rate cut next month in the usa driven by the PPI data, as well as the boost in gold prices from the safe-haven demand brought about by the tense geopolitical situation in the Middle East, spot gold prices rose sharply by 1% at close.
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Structural transformation has arrived! Is gold at $3,000 not impossible?
The analyst pointed out that although the price of gold has shown strong momentum over the past year, precious metals have just entered a new bull market cycle, and $3000 per ounce gold is not out of reach.
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Gold price breaks through key resistance, technical outlook has changed! Well-known institutions: Gold price may still have nearly $25 upside potential.
At the end of the Asian market on Friday, spot gold maintained a strong upward trend intraday, with the current price near $2644 per ounce, rising nearly $15 intraday. According to Economies.com, after breaking through the important resistance at $2635.06 per ounce, the outlook has turned bullish, with the first target set at $2668.00 per ounce.
Israel is expected to take action soon, gold has just surged! Gold price surged more than $15 within the day. What will be the next move for the gold price?
During Friday's Asian market session, spot gold suddenly surged significantly in the short term, with the price just breaking through $2645 per ounce, rising more than $15 intraday. FXStreet senior analyst Dhwani Mehta pointed out that widespread risk aversion and a moderate decline in the dollar supported the gold price ahead of the release of US PPI data later on Friday.
Gold Price Recovers Further From Multi-week Low, Climbs Back Above $2,640 Level
Key employment data in the usa 'busted'! Israel suddenly transmits heavyweight news, gold price surges by $22. How to trade gold?
On Thursday (October 10), despite the US CPI data slightly higher than expected, the US initial jobless claims data performed poorly, causing the US dollar index to significantly decline from high levels, while gold surged significantly after intense fluctuations, with gold prices rising by 22 US dollars within the day.
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The moment that will determine the fate of gold has arrived! USA CPI could trigger a major gold price movement. How to trade gold?
In early European trading on Thursday, spot gold maintained an intraday rebound trend, with the current price of gold near $2615 per ounce. FXStreet senior analyst Dhwani Mehta pointed out that the gold price has fallen below the 21-day moving average, and after breaking this key average, the fate of gold depends on the usa CPI.
Behind the frenzy of gold buying, a mysterious buyer has been exposed!
As an ally of the USA, this country may have been quietly buying gold...
The rebound in gold prices may only be a "flash in the pan"! Well-known institutions warn: be cautious of gold prices falling below this level, triggering a sharp decline.
#Gold Technical Analysis# 24K99 News On Thursday (October 10), during the Asian session closing, spot gold maintained an intraday rebound trend, with the current price near $2616 per ounce.
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Gold trading reminder: usa CPI is bound to ignite the market. FXStreet Chief Analyst analyzes the technical outlook for gold prices.
#Gold Technical Analysis# 24K99 News On Thursday (October 10th), in the Asian session, spot gold maintained a moderate rebound trend after a sharp drop yesterday, and currently, the price is trading near $2,611 per ounce.