Weekly analysis of global gold news and ounce prices Sunday, April 25

Weekly analysis of global gold news and ounce prices Sunday, April 25

The price of an ounce of world gold started a downward trend yesterday after hitting the price ceiling of $ 1,795, with a fall of 0.3 to the level of $ 1,778.

The most important reason for this decline is the 2% increase in the yield on US Treasury bonds to 1.567%.

Private-sector economic activity in the United States rose significantly in April from a month earlier, according to figures released by IHS Markit. However, part of the report noted that producers were concerned about Inflation is raising prices.

New home sales in the United States rose about 20.7% in March. Analysts, meanwhile, forecast growth of 12.8 percent.
Currently, the US dollar index is on a downward trend in the range of 91 units, and this could prevent further fall in gold prices.

Technical levels

Last price of the day: $ 1781.61
Daytime fluctuations: 2.51-
Daytime fluctuations (٪): 0.14-
Starting price: $ 1784.12

Trends

20-day moving average: $ 1744.16
50-day moving average: $ 1748.33
100-day moving average: $ 1804.1
200-day moving average: $ 1857.18

Levels

Yesterday's highest price: $ 1797.93
Lowest price yesterday: $ 1777.48
Last week's highest price: $ 1783.85
Last week's lowest price: $ 1723.8
Last month's highest price: $ 1759.98
Last month's lowest price: $ 1676.87
Fibonacci 38.2. Daily: $ 1785.29
Fibonacci 61.8. Daily: $ 1790.12

Pivot S1 Daily: $ 1775.09
Pivot S2 Daily: $ 1766.06
Pivot S3 Daily: $ 1754.64
Pivot R1 Daily: $ 1795.54
Pivot R2 Daily: $ 1806.96
Pivot R3 Daily: $ 1815.99

Evaluation of Kitco site about gold market Sunday, April 18

Evaluation of Kitco site about gold market Sunday, April 18

According to the weekly assessment of the Kitco News site, with the penetration of the global ounce gold price above the key resistance of $ 1765, all market professionals expect a further increase in the global ounce gold price.
This week, 13 Wall Street activists took part in the weekly evaluation of the Kitco site. All 13 predict that the global gold ounce trend will be bullish next week. Meanwhile, 1,103 Main Street investors took part in an online poll. 65% are in favor of an uptrend, 18% are in favor of a downtrend and 17% are in favor of a trendless or neutral market.

Analysis of market professionals

Ole Hansen is Saxo Bank Senior Market Strategist

"The XAUUSD bullish jump from $ 1680 has eased the minds of gold buyers and gold will soon reach higher levels." The activist said he would buy gold after rising on Thursday. According to him, the loss limit of the purchase transaction should be in the range of $ 1755. According to Hansen, the main factor driving up the price of an ounce of global gold was the decline in Treasury yields and the weakening of the US dollar.

Phillip Streible is the senior market strategist at Blue Line Futures

This professional activist also wants to enter into a buy deal after the recent price peak in the market. However, he believes that the loss limit of the purchase transaction should be determined with great care and with the increase in the price of gold, the loss limit should also be increased.

Darin Newsom Independent Market Analyst

According to this professional activist, the price of an ounce of world gold can rise to the peak of $ 1822. "After the break of this price peak, Pulbeck will probably be $ 1765. "However, the ounce of global gold is behaving in such a way that it seems to want to reach higher prices."

John Weyer, CEO of Walsh Trading

This professional activist focuses on the $ 1,785 resistance. According to him, if inflationary pressures intensify, the price of an ounce of global gold could reach above $ 1,800.

Adam Button Senior Market Strategist at Forexlive.com

According to Adam Button, the price of an ounce of world gold could rise to $ 1,840.

Weekly evaluation of Kitco site Monday, April 5

Weekly evaluation of Kitco site Monday, April 5

At the same time with the formation of the twin floor below $ 1700, optimism about the future price of an ounce of global gold has been strengthened. Last week, the XAUUSD jumped twice below $ 1,700. Although the optimism of market professionals has been relatively strong, the concerns of small investors have not yet been allayed. The latest weekly assessment of Kitco News shows that disagreements between small investors and market professionals have increased. While gold has been able to jump above the monthly price floor and end the week above $ 1,700, some analysts believe that it is not yet possible to talk about a strong uptrend in the market.
This week, 15 Wall Street activists took part in the weekly evaluation of the Kitco site. 73% predict that this week's trend will be an upward ounce of global gold. 13% forecast a downtrend and another 13% expect a trend-free market. Meanwhile, 1,565 Main Street investors took part in an online poll. 41% are in favor of an uptrend, 44% are in favor of a downtrend and 16% are in favor of a trend-free market.

Analysis of market professionals

Colin Cieszynski SIA Wealth Management Senior Market Strategy
"Last week, the world ounce price of gold experienced a significant drop, so it can be said that the recent price increase is just a technical leap. "I do not expect a steady rising rally in the price of an ounce of global gold, and the market is facing many obstacles." He added that he would only be sure of the market's uptrend if the price of a global ounce of gold went above $ 1,780.
Darin Newsom Independent Market Analyst
The activist expects the market to rise in the short term, but he prefers to rely on the uptrend after the defeat of the $ 1756 resistance. According to Newsom, the global ounce of gold is in fierce competition with the US dollar. The long-term trend of the US dollar seems to be upward. The US dollar and the price of an ounce of world gold are inversely related.
Marc Chandler, senior market strategist at Bannockburn Global Forex
According to Chandler, rising inflation could lead investors to gold. In times of inflation, investors use gold to cover the risk of inflation. "The twin floor will only be confirmed if the price crosses the peak between the two floors, meaning that the global ounce price must rise above $ 1,754 to confirm the twin floor signal."

Weekly Gold Analysis at Kitco Tuesday, March 16

Weekly Gold Analysis at Kitco Tuesday, March 16

According to Kitco News, expectations of market participants appear to be changing, and pessimism about the future of the global ounce gold price has eased. The price of an ounce of global gold was able to maintain its position above $ 1,700. Some analysts believe that the XAUUSD market has formed a short-term price floor. As gold prices return from a 10-week low, the optimism of small investors has been boosted by the rise in gold prices. However, market professionals are still pessimistic about the future. This ambiguity has been created in the expectations and desires of micro-investors and professional activists after the rise in crude oil prices and the approval of the US government's financial and support package. Many analysts have said that the US government's financial support package will support the global ounce price of gold in the long run. Others, however, expect the US government fiscal package to drive strong stock market growth and Treasury yields (to the detriment of the gold market).
This week, 16 Wall Street activists took part in the weekly evaluation of the Kitco site. 38% predict that the global gold ounce trend will be upward this week. 31% predict that the price of an ounce of global gold will fall. Another 31% expect a trend-free or neutral market. 1611 Main Street investors also took part in an online poll. 62% were in favor of the uptrend, 23% were in favor of the downtrend and 15% were in favor of the market without trend or neutral. Not only are a significant number of small investors optimistic about the medium-term trend in global ounces of gold, but the number of pollsters has reached its highest level in a month.

The views of gold market professionals

Adrian Day, President of Adrian D. Capital Management Company
This professional activist is pessimistic about this week's trend of global gold. He expects prices to fall. However, he predicts that the market is at a price floor and a possible price drop will be the last price drop in the market. "We can expect further price declines from current levels, but prices will continue to rise again (meaning prices will not continue to fall). "But even if the price goes down, I will not be a seller." He went on to say that by injecting high liquidity into the world financial system, being a gold seller is a dangerous job.
Adam Button leads Forexlive.com Currency Strategy Team
This professional activist is also optimistic about the global gold ounce trend. According to him, maintaining support at $ 1680 is a good sign for the upward trend of gold ounces. "The market has learned to cope with high rates of return. "This week's meeting of the US Federal Reserve is also unlikely to change monetary policy."
Colin Cieszynski Senior Market Strategy at SIA Capital Management
The activist believes that the rapid growth of the US economy will make it difficult to raise the price of an ounce of global gold. "I doubt the Federal Reserve will downplay the rapid rise in inflation or try to stop the dollar from appreciating and the rate of return," he said. "I do not think the Federal Reserve, like the European Central Bank, is ready to intervene in the market."

Check the gold trend Monday, March 8

Check the gold trend Monday, March 8

The global ounce price rose 0.57% to $ 1,708 as Monday's trading session in Europe approached. Thus, the price of gold has started to rise from its 9-month low.
Given the RSI indicator reached the sell-off zone and the formation of a Dodge candlestick pattern on Friday, there is a possibility that this corrective trend will continue.
However, the bearish trend line since November 30 at $ 1,760 is a resistance.
Meanwhile, the $ 1,700 level plays the role of the first important support that if the price penetrates below this level, we can expect a fall to the downtrend line formed on August 12 at $ 1,677.
If the $ 1,677 support is broken, the price of gold will fall to the level of $ 1,670 and eventually to $ 1,610.

Technical levels
Last price of the day: $ 1707.8
Daily fluctuations: 9.6
Daytime fluctuations (٪): 0.57
Starting price: $ 1698.2
Trends
20-day moving average: $ 1779.02
50-day moving average: $ 1829.15
100-day moving average: $ 1848.59
200-day moving average: $ 1860.11
Levels
Yesterday's highest price: $ 1707.26
Yesterday's lowest price: $ 1687.37
Last week's highest price: $ 1759.98
Last week's lowest price: $ 1687.37
Last month's highest price: $ 1871.9
Last month's lowest price: $ 1717.24
Fibonacci 38.2. Daily: $ 1699.97
Fibonacci 61.8. Daily: $ 1695.16
Pivot S1 Daily: $ 1687.89
Pivot S2 Daily: $ 1677.39
Pivot S3 Daily: $ 1667.4
Pivot R1 Daily: $ 1708.18
Pivot R2 Daily: $ 1718.17
Pivot R3 Daily: $ 1728.57

Weekly analysis of the global Gold Saturday , February 20

Weekly analysis of the global Gold Saturday , February 2

The GOLD price of gold yesterday experienced an upward trend from the lowest level in the last seven months. Gold traded lower at $ 1,760 and rose to $ 1,790 after the official start of trading in the United States.
Gold ended the week at $ 1,780 and fell 2.35% over the past seven days. This is the worst weekly gold performance since July.
After testing the support level of $ 1,765 to $ 1,770, the price of gold was able to start a corrective trend. Stabilizing the price below this level will cause a downward trend.
Similarly, the stabilization of the price above the level of $ 1,790 can be considered a sign of the possibility of an uptrend for gold.
However, the correction in the price of gold seems limited and there is a possibility that the price will fall. Investors' risk appetite has increased as Treasury bond yields have risen. On Friday, the 10-year yield on US Treasury bonds reached a one-year high of 1.35%.

Technical levels
Last price of the day: $ 1783.54
Daily fluctuations: 8.80
Daytime fluctuations (٪): 0.5
Starting price: $ 1774.74
Trends
20-day moving average: $ 1826.92
50-day moving average: $ 1854.34
100-day moving average: $ 1865.24
200-day moving average: $ 1858.94
Levels
Yesterday's highest price: $ 1789.76
Lowest price yesterday: $ 1768.46
Last week's highest price: $ 1855.5
Last week's lowest price: $ 1807.86
Last month's highest price: $ 1959.42
Last month's lowest price: $ 1802.8
Fibonacci 38.2. Daily: $ 178.62
Fibonacci 61.8. Daily: $ 1776.6
Pivot S1 Daily: $ 1765.55
Pivot S2 Daily: $ 1756.35
Pivot S3 Daily: $ 1744.25
Pivot R1 Daily: $ 1786.85
Pivot R2 Daily: $ 1798.95
Pivot R3 Daily: $ 1808.15