$XAU/USD(XAUUSD.CFD$ $Gold Futures(AUG4)(GCmain.US$
Hi everyone 🥹 , so sorry for the radio silence the past few days !
Things have been hectic managing my business , I havent forgotten about gold ! Still keeping an eye on the market and making my trades , but haven't had a chance to share my analysis .🥲
Hi everyone 🥹 , so sorry for the radio silence the past few days !
Things have been hectic managing my business , I havent forgotten about gold ! Still keeping an eye on the market and making my trades , but haven't had a chance to share my analysis .🥲
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King Crab
commented on
$XAU/USD(XAUUSD.CFD$
Patience pays off ! 😭 I've been waiting for gold to hit 2339 for a while now and it finally did ! Just check my post from two days ago . 🥹
$Gold Futures(AUG4)(GCmain.US$
Patience pays off ! 😭 I've been waiting for gold to hit 2339 for a while now and it finally did ! Just check my post from two days ago . 🥹
$Gold Futures(AUG4)(GCmain.US$
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or maybe it'll take a Dip 
. Either way , its an exciting time to be in the game !
King Crab
commented on
$XAU/USD(XAUUSD.CFD$
US Consumer Price Index (CPI): This report tells us how much inflation is happening in the US economy .
Federal Reserve Interest Rate Decision: Everyone waiting to see if the Fed will keep interest rates the same or change them .
What's the buzz ? Although most people think the Fed will hold rates steady , the inflation data and Fed Chair Jerome Powell's press conference will give us some hints abou...
US Consumer Price Index (CPI): This report tells us how much inflation is happening in the US economy .
Federal Reserve Interest Rate Decision: Everyone waiting to see if the Fed will keep interest rates the same or change them .
What's the buzz ? Although most people think the Fed will hold rates steady , the inflation data and Fed Chair Jerome Powell's press conference will give us some hints abou...
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2
King Crab
commented on
$XAU/USD(XAUUSD.CFD$
Looks like hopes for those interest rate cuts everyone was talking about are fading fast .
Why the drop ? Well , the non-farm payrolls data surprised everyone . Turns out , way more jobs were added than expected in May . This strong report makes it less likely the Fed will cut rates later this year, which is bad news for gold .
Dollar Power ! Another factor hurting gold , the dollar is getting ...
Looks like hopes for those interest rate cuts everyone was talking about are fading fast .
Why the drop ? Well , the non-farm payrolls data surprised everyone . Turns out , way more jobs were added than expected in May . This strong report makes it less likely the Fed will cut rates later this year, which is bad news for gold .
Dollar Power ! Another factor hurting gold , the dollar is getting ...
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King Crab
commented on
$XAU/USD(XAUUSD.CFD$
Gold prices didnt have a good time this week , closing way down at 2286 on Friday . Blame it on that US jobs report it turns out the economy might be stronger than some thought . 🫨
That means the Fed holding off on those interest rate cuts , which isnt exactly what gold likes to hear (Lower rates tend to make gold shine brighter) . 🤙🏻
Support Levels Broken .
Looking at the daily chart , things are a bit grim . Gold actually broke through tha...
Gold prices didnt have a good time this week , closing way down at 2286 on Friday . Blame it on that US jobs report it turns out the economy might be stronger than some thought . 🫨
That means the Fed holding off on those interest rate cuts , which isnt exactly what gold likes to hear (Lower rates tend to make gold shine brighter) . 🤙🏻
Support Levels Broken .
Looking at the daily chart , things are a bit grim . Gold actually broke through tha...
11
4
King Crab
commented on
$XAU/USD(XAUUSD.CFD$
Hi everyone , sorry for no updated today . 💀
But no worries , big things are coming tomorrow . Its US non-farm payroll day and everyones waiting with bated breath .😌
A Payroll Surprise Could Shake Things Up
If the data comes in weaker than expected , it could throw a wrench in the Fed hawkish plans (meaning they might not be as aggressive with raising interest rates) .
And that my friends , could be good news for gold prices potentially sending them up .
Technical Talk: Bi...
Hi everyone , sorry for no updated today . 💀
But no worries , big things are coming tomorrow . Its US non-farm payroll day and everyones waiting with bated breath .😌
A Payroll Surprise Could Shake Things Up
If the data comes in weaker than expected , it could throw a wrench in the Fed hawkish plans (meaning they might not be as aggressive with raising interest rates) .
And that my friends , could be good news for gold prices potentially sending them up .
Technical Talk: Bi...
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King Crab
commented on
$XAU/USD(XAUUSD.CFD$
Yesss ! Gold hit my take profit of 2357 , just like I said !
Feeling pretty good about that trade . Here hoping it makes another run for my next target of 2369 !
I haven't been able to do my usual in depth analysis today because things have been crazy busy .🥲
$Gold Futures(AUG4)(GCmain.US$
Yesss ! Gold hit my take profit of 2357 , just like I said !
Feeling pretty good about that trade . Here hoping it makes another run for my next target of 2369 !
I haven't been able to do my usual in depth analysis today because things have been crazy busy .🥲
$Gold Futures(AUG4)(GCmain.US$
9
4
King Crab
commented on
$XAU/USD(XAUUSD.CFD$
High five to everyone who followed the analysis !
Gold Shot up all the way to target 2354 , hitting my take profit target .
$Gold Futures(AUG4)(GCmain.US$
High five to everyone who followed the analysis !
Gold Shot up all the way to target 2354 , hitting my take profit target .
$Gold Futures(AUG4)(GCmain.US$
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2
King Crab
commented on
$XAU/USD(XAUUSD.CFD$
Looks like the Asian session is pushing gold prices higher this morning . Maybe its all the buzz about the Fed potentially cutting rates later this year ? That news definitely seems to be giving gold a boost .
Here's what Im watching : I have my eye on a potential resistance zone around 2354-2359 Gold might hit a bit of a wall there .
But hold on a sec...
While things are looking bullish right now , some traders might be waiting for bigger data releases later this week , es...
Looks like the Asian session is pushing gold prices higher this morning . Maybe its all the buzz about the Fed potentially cutting rates later this year ? That news definitely seems to be giving gold a boost .
Here's what Im watching : I have my eye on a potential resistance zone around 2354-2359 Gold might hit a bit of a wall there .
But hold on a sec...
While things are looking bullish right now , some traders might be waiting for bigger data releases later this week , es...
4
4
$XAU/USD(XAUUSD.CFD$
Alright , Even with all this weak US economic data and talk of the Fed cutting rates , gold just isnt budging much . Its like its refusing to play by the usual rules !
Data Watch: ISM Services on Deck
With that in mind , everyone got their eyes to the upcoming ISM services data release later today (10.00PM Malaysia time) .
This report is a big deal and a weak number could be the push gold needs to climb higher.
Analysts are expecting a reading of ...
Alright , Even with all this weak US economic data and talk of the Fed cutting rates , gold just isnt budging much . Its like its refusing to play by the usual rules !
Data Watch: ISM Services on Deck
With that in mind , everyone got their eyes to the upcoming ISM services data release later today (10.00PM Malaysia time) .
This report is a big deal and a weak number could be the push gold needs to climb higher.
Analysts are expecting a reading of ...
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