The "terrifying data" is coming, prepare for a big trend in Gold! FXStreet Senior Analyst's latest Trade analysis on gold prices.
#Gold Technical Analysis# 24K99 News On Tuesday (December 17), in the early European market, spot gold maintained a mild decline during the day, with the current gold price near $2647 per ounce.
Buckle up! "Terrifying data" may trigger severe market fluctuations. Latest trading analysis on the Euro, British Pound, Yen, and Gold.
# Forex Technical Analysis # FX168 Financial News (Asia-Pacific) reported that on Tuesday (December 17), during the early European session, the USD index was around 106.90; the spot Gold price was trading around $2654 per ounce.
Israel has made a heavyweight announcement! The price of Gold has suddenly dropped by 16 dollars. How to Trade Gold?
During the Monday New York trading session, spot Gold experienced a dramatic drop, resulting in the price of Gold closing on Monday with most of the day's gains erased. FXStreet Analyst Christian Borjon Valencia pointed out that the Relative Strength Index (RSI) fell below the neutral line, indicating that sellers are in control of the situation.
Gold Steadies as Traders Look to Final Fed Meeting of the Year
GLD ETF Gains 0.2%
SPDR Gold ETF Options Spot-On: On December 16th, 154.27K Contracts Were Traded, With 3.16 Million Open Interest
On December 16th ET, $SPDR Gold ETF(GLD.US)$ had active options trading, with a total trading volume of 154.27K options for the day, of which put options accounted for 49.61% of the total
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Gold has suddenly surged! The gold price has just surpassed 2660 USD as significant data from the USA arrives. How to trade Gold?
#Gold Technical Analysis# On Monday (December 16), during the early European market, spot gold suddenly surged quickly in the short term, with the gold price just breaking through the $2660 per ounce mark, rising nearly $14 during the day.
Gold prices have rebounded by more than 12 dollars from the intra-day low! Two charts to view the technical outlook for Gold. How can investors take profits?
On Monday in the Asian market, spot Gold continued to rebound, with the price currently rising to around $2,656 per ounce, rebounding more than $12 from the daily low of $2,643.38 per ounce touched earlier in the session. FXDailyReport Analyst Nicholas Kitonyi stated that from a technical perspective, according to the 60-minute chart, the Gold price is trading within a downward channel.
The price of Gold is forming a huge "cup and handle" bullish pattern! Analyst: Gold will reach 3000 dollars next year, with a short-term correction in the first quarter becoming a buying opportunity.
Analysts indicate that Gold has formed a significant cup and handle pattern on the monthly chart, forecasting that gold prices will rise to 3,000 USD next year, and the short-term adjustment in the first quarter may provide a strategic Buy opportunity.
After a 30% surge this year, who will buy gold next year? JPMorgan: Global central banks, Chinese mothers, and Western Gold ETFs all have room for growth.
Driven by macroeconomic uncertainty and expectations of interest rate cuts by the Federal Reserve, Global central banks, China Consumers, and Gold ETFs are set to become the main buyers of gold next year. JPMorgan predicts that the gold price may exceed $3,000 per ounce by 2025.
GOLD FUTURES LIKELY TO TRADE HIGHER NEXT WEEK
Gold's forecast for next week: The Federal Reserve's statement and dot plot may trigger market volatility! Latest technical outlook analysis for gold prices.
#Gold Technical Analysis# 24K99 News On Friday (December 13), due to the US dollar holding steady at its highest level in over two weeks, gold prices fell.
Express News | The largest Gold ETF in the Global market, iShares Gold Trust, reduced its holdings by 4.6 tons compared to the previous trading day, with the current holdings amounting to 863.9 tons.
Gold Slides but Gains for the Week Ahead of Expected Fed Rate Cut
GLD ETF Falls 1.2%
SPDR Gold ETF Options Spot-On: On December 13th, 162.89K Contracts Were Traded, With 3.11 Million Open Interest
On December 13th ET, $SPDR Gold ETF(GLD.US)$ had active options trading, with a total trading volume of 162.89K options for the day, of which put options accounted for 46.92% of the total