What exactly is going on?! Gold prices soared more than 30 dollars during the day as significant data from the USA is coming; how to trade Gold?
On Thursday morning in the European market, spot Gold continued its intraday rebound, with the current price around $2616 per ounce, a rise of over $30 for the day. FXStreet Senior Analyst Dhwani Mehta pointed out that after the Fed's hawkish interest rate cuts triggered a dramatic drop, Gold experienced a 'dead cat bounce.' However, from the daily Gold chart, the price may still face a 'Sell on the rebound' Trade.
Gold prices have successfully reached the bearish target! Renowned Institutions: Unless this level is broken, gold prices may still have significant room for decline.
On Thursday afternoon in the Asian market, spot Gold continued its intraday rebound trend, with the gold price currently around $2609 per ounce; the previous trading day saw a drop of over 2% in gold prices. According to Economies.com, after yesterday's sharp decline, the gold price successfully reached the bearish target of $2600.00 per ounce. Unless it breaks through $2655.00 per ounce, the outlook for gold prices remains bearish.
After the gold price plummeted, it surged by $26 in the Asian market! How will it move next? FXStreet Analyst's latest technical analysis on gold prices.
On Thursday during the Asia market session, spot Gold rebounded strongly after a sharp drop in the previous Trade session, with the current price around $2,612 per ounce, rising $26 on the day. FXStreet Analyst Haresh Menghani wrote that in the Asian market on Thursday, Gold prices rebounded from a one-month low, and investors are now focusing on USA economic data to look for short-term trading opportunities.
CITIC SEC: The narrative around the US debt drives Gold, and further expansion of US fiscal policy is still needed; long-term allocation opportunities still exist.
From the perspective of the medium to long-term narrative, the USA's "fiscal stability" style in 2025 may not necessarily drive Gold prices further upward, and attention should still be paid to the scale of fiscal expansion.
Powell's fulfillment of a "hawkish" stance ignites a major market trend! Gold falls below 2600, and the S&P experiences its largest decline in interest rates since 2001.
Powell emphasized that interest rate cuts will slow down, the US dollar index rose above 108, the Dow fell by more than a thousand points, and the S&P recorded its largest decline on a rate cut day since 2001, with Gold experiencing a significant drop of nearly 60 dollars during the session...
IShares Silver Trust Options Spot-On: On December 18th, 267.49K Contracts Were Traded, With 5.95 Million Open Interest
On December 18th ET, $iShares Silver Trust(SLV.US)$ had active options trading, with a total trading volume of 267.49K options for the day, of which put options accounted for 28.9% of the total
20 ETFs Primed For Unusually Big Swings On Fed Meeting Days
Breaking news! India's record gold import data may be a "big blunder".
Insiders suggest that India's gold import figures for November may have been overestimated by up to 50 tons, which is nearly 30% of the total gold imports for that month.
Express News | Blackrock: It is recommended to use Gold and Bitcoin as a supplement to Bonds investments.
Commodity Roundup: Cocoa Prices Hit Fresh Highs; UBS Retains Bullish View on Gold
Gold's Upside Attempts Remain Limited With All Eyes on the Fed
Daily Options Tracking | Tesla's implied volatility levels continue to rise to a high of 90%! A large player bets nearly $0.7 billion on a bearish L; Are MEME stocks making a comeback? GameStop's Call ratio rises to 88%.
Apple rose 0.97% on the previous trading day, with the stock price reaching a new historical high; the Options Chain Volume was 0.856 million contracts, with the proportion of Put options increasing significantly to 48%; on the Options Chain, there is a standoff between long and short positions, with the top two contracts in terms of Volume being the call option with a strike price of $255 expiring this Friday and the put option with a strike price of $250 also expiring this Friday, with volumes of 0.094 million and 52,000 contracts respectively.
UBS Group continues to be bullish on Gold: it will rise to 2,900 dollars next year!
UBS Group maintains a bullish outlook on Gold for the next 12 months and recommends that investors allocate about 5% of their portfolio to Gold as a diversification investment.
The moment that determines the fate of Gold has arrived! The Federal Reserve's decision is brewing significant risks. How to Trade Gold prices on this critical day?
#Gold Technical Analysis# On Wednesday (December 18) in the early European market, spot gold maintained a moderate downward trend, with the current gold price around 2642 dollars/ounce.
World Gold Council: Next year, gold prices may mainly fluctuate, and the upward momentum of gold prices will primarily depend on central banks and purchasing power in the Asia-Pacific region.
The rise in Gold prices next year mainly depends on the purchasing strength of central banks and whether the purchasing power in the Asia-Pacific region is strong. The World Gold Council believes that Gold prices may mainly fluctuate next year.
The technical aspect of Gold confirms a breakout! The space for a significant drop in gold prices has opened up. Well-known Institutions' intraday Gold Trade analysis.
In the late trading of Wednesday in Asia, spot Gold remained mostly stable, with gold prices currently around $2645 per ounce. According to Economies.com, gold prices have fallen below a minor Resistance, opening up space for further declines in gold prices in the future.
The "hawkish" stance is strong! Gold prices at 2648 fluctuate before the Federal Reserve's decision. FXEmpire's latest technical analysis on Gold, Silver, and the Euro.
Before the Federal Reserve's final interest rate decision in 2024, Gold is consolidating below the 50-day moving average, Silver is consolidating around the Resistance of the rising channel and remains neutral, while EUR/USD is consolidating near the long-term Resistance, awaiting the next move.
Gold Trade Reminder: Powell's statement may trigger a significant drop in Gold prices! FXStreet's chief Analyst analyzes the technical outlook for Gold.
On Wednesday, during intraday trading in Asia, spot Gold remained steady, with the price currently around $2,645 per ounce. FXStreet's Chief Analyst, Valeria Bednarik, wrote that Gold prices hit a new weekly low on Tuesday and may soon retest the $2,600 per ounce level.
China has purchased a large amount of Gold? Goldman Sachs continues to Call the gold price to $3000.
Goldman Sachs Precious Metals Analyst refutes the skeptics, disagreeing with the argument that "Gold cannot rise to $3000 per ounce before the end of 2025 if the dollar continues to strengthen for a longer period."
The reason for the sharp drop in Gold price to $2633 is here! A surprising ceasefire news from the Middle East, how to Trade Gold with the upcoming Federal Reserve decision?
On Tuesday, pressured by rising US dollar and US Treasury yields, the spot Gold price fell sharply, with strong US retail sales data causing Gold prices to drop to a weekly low of $2633 per ounce. On Wednesday, investors focused on the Federal Reserve's last policy meeting of the year.