Dollar Gains Amid Tariff Uncertainty and Inflation Concerns Dollar strength is evident today, with the dollar index (DXY00) climbing 0.21% as trade tensions escalate. The possibility of new tariffs fueling inflation has kept Federal Reserve policy restrictive, adding to the dollar’s appeal. President Trump’s latest threat to impose a 200% tariff on European wine, champagne, […]
Market Analysis – March 6 Gold (XAUUSD) remains bullish with potential upside toward the $3,100 resistance zone. The MACD (Moving Average Convergence Divergence) indicator signals bullish momentum, with the MACD line (38.07) positioned above the signal line (29.75), indicating continued strength in the uptrend. The 9-day SMA (Simple Moving Average) at $2,910 serves as dynamic […]
Market Analysis – February 27 Gold (XAUUSD) is poised for new highs as the critical $2,880 support level remains intact. Technical indicators continue to support the bullish outlook for XAUUSD. The 9-day Simple Moving Average (SMA), positioned around $2,920, acts as a dynamic support level. The Stochastic Oscillator, currently near the mid-level at 50, suggests […]
Trump and Musk Stir Debate Over U.S. Gold Reserves Trump has reignited long-standing speculation over the state of Fort Knox’s gold reserves, questioning whether the government’s supply remains intact. Speaking at the White House on Monday, he declared, “We’re actually going to Fort Knox to see if the gold is there. Because maybe somebody stole […]
Market Analysis – February 20 Gold (XAUUSD) remains bullish despite undergoing a short-term pullback. The market continues to trade above the 9-period Simple Moving Average (SMA) around $2,920, maintaining its upward trajectory. However, a minor correction could be imminent as the Relative Strength Index (RSI), currently at 68.68, approaches overbought territory. A slight decline in […]
Gold surged to an all-time high of $2,942.70 per ounce on Tuesday, February 11, amid growing market uncertainty following President Trump’s latest tariff announcement. The rally reinforced gold’s status as a safe-haven asset, even as Bitcoin, often dubbed “digital gold,” struggled to maintain its momentum. Gold Retains Its Safe-Haven Appeal On February 11, it reached […]
Gold price (XAU/USD) continues its upward momentum during early European trading on Friday, benefiting from concerns over US President Donald Trump’s tariff proposals. The uncertainty surrounding potential trade policies has driven investors toward the safe-haven metal. Additionally, a decline in US bond yields further supports gold’s rally. Despite these gains, expectations that the US Federal […]
Market Analysis – February 6 Gold (XAUUSD) has become overbought as the price reaches a major resistance level. The Relative Strength Index (RSI) currently stands at 73.37, indicating overbought conditions and suggesting a possible continuation of bearish movement in the short term. Meanwhile, the Simple Moving Average (SMA) at $2,800 serves as a potential support […]
Market Analysis – January 30 XAUUSD is nearing key resistance levels while maintaining a bearish momentum. The Moving Average Convergence Divergence (MACD) indicator signals weakening bullish strength as the MACD line approaches a bearish crossover with the signal line. Additionally, the price remains slightly above the 9-day Simple Moving Average (SMA) at $2,750, indicating short-term […]
