Category: Gold
-
Bitcoin to Outshine Gold by 400% by 2025, Analyst Predicts
•
This article is also available in Spanish. Veteran analyst Peter Brandt makes a bold prediction that is creating a lot of talk in the crypto space: By 2025, the price of Bitcoin is supposed to see a 400% increase compared to gold. Related reading He believes that based on the…
-
Bitcoin to Outshine Gold by 400% by 2025, Analyst Predicts
•
This article is also available in Spanish. Veteran analyst Peter Brandt makes a bold prediction that is creating a lot of talk in the crypto space: By 2025, the price of Bitcoin is supposed to see a 400% increase compared to gold. Related reading He believes that based on the…
-
ForexLive Asia-Pacific FX news wrap: Gold hits a new record high
•
High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
-
Chart Art: Potential Trend Support Areas For Gold (XAU/USD)
•
Spot gold retreats from record highs of $2,600 after US Federal Reserve cuts interest rates! Are we looking for an opportunity to join the long-term uptrend in XAU/USD? Let’s take a closer look at the 4-hour time frame: Gold (XAU/USD) Forex 4 Hours Chart by TradingView In case you missed…
-
UBS says gold is its “Most Preferred” in its global asset allocation
•
UBS analysts reiterated their bullish outlook for gold, citing its value as a hedge against macroeconomic and geopolitical uncertainty: Maintains a price target of $2,700 per ounce by mid-2025 Briefly from the UBS report: Gold is expected to rise 23% in 2024, reaching an all-time high, due to lower US…
-
Feeding the gold beast | Forexlive
•
Bulls have been panting and panting for the past three weeks but have yet to open the door for a stronger technical breakout. Gold prices have been consolidating in a tight range lately and it is safe to say that the next trade is to go with the breakout that…
-
Chart Art: Gold (XAU/USD) Still Stuck in a Range!
•
Gold has risen to record highs over the past few days, but it appears to be struggling to break out of consolidation. Check out these turning points I’m watching! Gold (XAU/USD) Forex 1 Hour Chart by TradingView All this talk about the size of the Fed’s potential rate cut in…
-
Gold Technical Analysis – We remain stuck in the range
•
Basic Overview Markets were waiting for the US non-farm payrolls report for a clear signal of a 25 or 50 basis point rate cut at the upcoming FOMC meeting, but instead we got a mixed report with some better details. As a result, the odds of a 50bp rate cut…
-
China’s central bank didn’t buy any gold in August
•
Gold monthly China’s central bank did not announce any gold purchases in August, saying reserves remained at 72.80 million troy ounces. Announced purchases stopped in May after several months of accumulation. Reports later suggested that the People’s Bank of China had become price sensitive. In February, the People’s Bank of…
-
Tether Unveils Synthetic Dollar Backed By Tokenized Gold, Citing Bitcoin’s Volatility
•
Image: cryptobriefing.com In a strategic move to diversify its offerings and cater to the evolving needs of the digital asset market, Tether, a leading stablecoin issuer, has announced the launch of a new synthetic dollar token backed by tokenized gold. The decision to leverage physical gold as collateral for this…
-
Gold Technical Analysis – All eyes on the US NFP
•
Basic Overview Gold has been steadily rising this week since bouncing off the recent range low. Weak US job openings data on Wednesday gave it the support it needed to push towards key resistance at 2530. The move was driven by lower real yields, as weaker US data has pushed…
-
Chart Art: Potential Resistance-Turned-Support Area For Gold (XAU/USD)
•
Spot gold appears ready to extend the uptrend with long wicks emerging near the previous resistance area. In case you missed it, risk aversion was the name of the game yesterday as traders fretted over global growth and the possibility that the Federal Reserve would need to cut interest rates…
-
Gold Technical Analysis – The calm before the storm?
•
Basic Overview Gold continues to trade in a tight range as the market awaits key catalysts this week. As a reminder, the Fed is now very focused on the labor market as Fed Chair Powell said they will not welcome further weakness and will do everything they can to maintain…
-
Gold climbs to the highs of the day, nears new record
•
gold 10 minutes The daily chart of gold has had a nice turnaround. It dropped about $15 after a round of USD buying on the back of good GDP data, but has since regained all that and more. The bids came in just before $2,500, and now the price is…
-
Can gold sellers gather some traction?
•
Gold has gone up dramatically. Adam explained a “very simple case for buying gold” in his post here. It makes perfect sense. However, there are times when momentum fades and a corrective move occurs, or the “condition” changes and the market reverses. Technical analysis helps tell this story. Looking at…
-
Gold bulls dealt a minor setback in trading yesterday
•
With the dollar rebounding slightly, gold is down 1% and more importantly back below the $2,500 level. The price is still above the previous triple top pattern at around $2,480, but buyers are hoping for a more convincing push above the figure to reinforce the breakout case. Gold (XAU/USD) Hourly…
-
Gold bulls dealt a minor setback in trading yesterday
•
With the dollar rebounding slightly, gold is down 1% and more importantly back below the $2,500 level. The price is still above the previous triple top pattern at around $2,480, but buyers are hoping for a more convincing push above the figure to reinforce the breakout case. Gold (XAU/USD) Hourly…
-
Chart Art: Is Spot Gold (XAU/USD) Ready To Extend Its Uptrend?
•
Spot gold prices took a breather after hitting new record highs earlier this week. Is the commodity ready to extend its upward trend after falling to the technical support area? The 4-hour daily chart might give us some clues! Gold (XAU/USD) 4 hours Chart by TradingView If you missed yesterday’s…