May 9, 2022

Weekly gold analysis

◽️ Gold fell last week but experienced buying pressure after the Federal Reserve meeting, but ended $ 15 lower than the price at the beginning of the week.

◽️ Among traders, short-term outlook of Gold has improved due the United States central bank’s anticipated monetary policy decision

◽️ A strong dollar and rising bond yields create a challenging downturn for gold but it seams we are in highest possible hawkishness of FED

◽️ Gold may stage a larger recovery over the coming days as the FOMC appears to be in no rush to wind down the balance sheet to pre-pandemic levels.

◽️ There are still some interesting releases that could move the markets. US core CPI, PPI and Initial Jobless Claims

◽️ slowdown in the US CPI may drag on bullion as major central banks step up their efforts to curb inflation

🔻 High US Treasury bond yields, led by the 10-year, keep gold prices pressured but we think gold’s downtrend should end soon.

Ali Sabbaghi

Weekly Gold

April 24, 2022

Weekly gold hint

Weekly gold analysis

◽️ Downward pressure, Due to the Hawkeye FED monetary policy alongside the Upward pressure because of the inflation risk and war, we have a MIX Sentiment in gold

◽️ There are a lot of Long and Short trades on gold and according to the COT report analysis, we had -14,530 positions trimmed in total 239,757 net positions

◽️ Although the Ukrainian war is priced in the market, a stalemate in Ukraine’s peace talks could put upward pressure on gold

◽️ Further downward pressure on gold indicates that the market is focusing on Fed monetary policies.

◽️ Everyone is waiting for the results of global economic data to clear up and estimate the economy grows and inflation

◽️As the U.S. dollar and bond yields continue to rise we can see lower prices in gold around $1900

🔻 All ayes on GDP, Crude oil investment, and Core Durable Goods Orders calendar events this week

🔻 Technically if gold can hold the 1916$ area we prefer to enter a new long position

Ziwox.com

Ali Sabbaghi

Weekly Gold

March 26, 2022

Weekly gold hint

Weekly gold analysis

◽️Sentiment in the marketplace remains Bullish with Global risk

◽️Gold strongly supported with $1945 and technically gold in range between $1948 and $1960 and tend to move upward

◽️Gold prices withstand with rising bond yields and hawkish speaks of the Federal Reserve and its bullish sign for gold

◽️United states bond yield is in Higher Highs and any correction on US10Y push the gold to high

◽️Gold is a safe-haven asset and uncertainty between Ukraine-Russia peace talks, Testing large new missiles North Korea, New conflict between China and Taiwan
prepare an upward pressure on gold

🔻 Although the federal reserve is looking to raise the interest rates aggressively, inflation still remains in the market and it will be a positive for gold

🔻 Price fixed in the $1960 area will be a good idea to take long on gold

#weeklygold #XAUUSD

GOLD, tend more to long by Alisabbaghi on TradingView.com

Ali Sabbaghi