EUR/USD 1.10472
-0.043%
Gold 3114.35
0.004%
Oil 66.353
0.074%
USD/JPY 146.057
-0.005%
GBP/USD 1.30931
-0.046%
GBP/JPY 191.234
-0.035%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Japans total household spending in February was 3.5% month-on-month, in line with expectations of 0.5% and the previous value of -4.5%.Japans all household spending in February was -0.5% year-on-year, in line with expectations of -1.7% and the previous value of 0.80%.On April 4, Dmitriev, president of the Russian Direct Investment Fund and special representative of the Russian President for foreign investment and economic cooperation, summarized the results of the talks with US government representatives in Washington and said that the idea that Ukraine cannot join NATO has been widely recognized, including by the US President Trumps administration. Dmitriev said: "I think, as our president said, it is completely impossible for Ukraine to join NATO, and I also think this has been widely recognized, including by the Trump administration."Market news: Amtrak has suspended rail service from New York to Philadelphia, and significant delays are expected.On April 4, local time on April 3, Democratic officials in 19 states are suing Trump for trying to reshape the US election, calling it an unconstitutional infringement on the clear power of states to conduct their own elections. It is reported that this is the fourth lawsuit against the executive order issued a week ago. The lawsuit attempts to block key aspects of the executive order, including requiring people to provide proof of citizenship when registering to vote and requiring all mail-in ballots to be received before Election Day. The lawsuit claims that forcing states to make such changes violates the broad power given to states by the Constitution to set their own election rules.

Gold Price Forecast – Gold Markets Give Up Early Gain Yet Again

Alice Wang

Feb 09, 2023 16:01

market technical  analysis for gold

Similar to Monday and Tuesday, Wednesday's trading session saw an early increase in gold prices. There has been a lot of selling pressure, similar to those two days, which suggests that gold may still be seeking for a reason to decrease. The possibility that we may go to the 200-Day EMA, which is located just below the 50-Day EMA, does make some sense if we can break down below the 50-Day EMA. Nearly $1800 is a huge, round sum with psychological meaning and a point where there has historically been a lot of controversy.


If we surpass the peaks of the previous three candles, the market may move swiftly in the direction of $1950. I think it would need a decline in the value of the US dollar, but I also think that over time, both the USD and gold would climb. As things are right now, it would be difficult to see an external stimulus for this market to become too optimistic; thus, I think that at best, we will likely consolidate.


Given that the two previous enormous candles were both red and that they often don't happen in a vacuum, we will need to keep a careful eye on the situation. However, if the sellers can simplify things, we may see a greater flush down. A break over these hammers would thus be a stunning display of power. I believe that we are getting ready for a bigger transition.

Suggestion