EUR/USD 1.15099
-0.129%
Gold 4289.36
-0.679%
Oil 92.856
4.864%
USD/JPY 159.999
-0.111%
GBP/USD 1.33232
-0.105%
GBP/JPY 213.176
-0.215%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Israels Channel 12: Attacks targeting security posts have been reported in multiple locations across Iran, including Hamadan province. Iranian opposition sources say some Basij members have evacuated some posts out of fear of becoming targets.June 8th - The Sentix index, a measure of investor confidence in the Eurozone, rebounded more than expected in June as market sentiment, previously dampened by the Iranian conflict and soaring oil prices, gradually subsided, easing concerns about a sharp economic slowdown. Data showed the composite index rose 3.0 points to -13.4, while the economic expectations index rebounded even more strongly, gaining 4.8 points. Sentix noted that "concerns about a sharp economic downturn have clearly eased," and emphasized that global economic conditions, led by the US and Asia, are improving. However, Sentix warned that the Eurozones recovery momentum remains relatively moderate compared to other major regions. Globally, market sentiment improved even more significantly, with the Sentix Global Composite Index rising 4.4 points to 8.0. Despite this improvement, Sentix pointed out that persistently high energy prices continue to drag down inflation expectations, putting ongoing pressure on central banks.The Ukrainian military has attacked a pipeline pumping station in Russias Volgograd region.Indias oil minister said that more and more natural gas is expected to be shipped from Mozambique.The onshore yuan closed at 6.7844 against the US dollar at 16:30 on June 8, down 132 points from the previous trading day.

Predictions for Gold Prices — Gold prices rose as the dollar weakened

Alina Haynes

May 24, 2022 09:43

Gold prices rise as the dollar weakens to start the week. The currency experienced negative pressure on reduced growth prospects and likely march toward recession. Benchmark rates climbed as shares surged today. Today, the yield on the ten-year Treasury note rose by 3 basis points.

 

On Monday, there was little going on in the world of business. Focus continues on Fed Chair Powell’s speech tomorrow and major economic statistics including PCI and first-quarter GDP published this week. Investors are anxious about impending recession and sluggish economic growth.

Analytical Methods

Gold prices came back from session highs but are still higher and possibly be headed to the 1860s. This week's economic statistics might point to a slowdown in economic growth, which would benefit gold.

 

To begin the week, gold prices held above the 200-day moving average of $1839. Support is indicated near the 200-day moving average near 1839. Resistance is apparent at the May 12th peak of 1858.

 

The Fast Stochastic has formed a crossover buy signal, indicating that the short-term momentum is bullish. Prices are no longer oversold as the fast stochastic prints a value of 54.58, considerably above the oversold trigger level of 20.

 

Medium-term momentum turns bullish as the MACD can provide a crossover buy signal. This occurs as the 12-day moving average minus the 26-day moving average passes below the 9-day moving average of the MACD line.

 

Price declines are predicted by the MACD (moving average convergence divergence) histogram, which shows a downward trend in price.

 

 image.png


Suggestion