Fundamental analysis Gold for 09.05.2024
Gold prices (XAU/USD) exhibit a cautiously positive trend this Thursday, influenced by a complex interplay of economic signals and geopolitical dynamics.
Gold prices (XAU/USD) exhibit a cautiously positive trend this Thursday, influenced by a complex interplay of economic signals and geopolitical dynamics.
The Australian Dollar (AUD) has experienced significant fluctuations, primarily influenced by the Reserve Bank of Australia's (RBA) recent decision to maintain its interest rate at 4.35%.
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
Gold's ascent against the dollar reversed a brief downturn as European trading kicked off on Monday, buoyed by unexpected softness in recent U.S. employment figures.
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
On Wednesday, the Japanese Yen (JPY) rallied to a two-week high against the US Dollar (USD), fueled by speculation of further intervention by Japan's financial authorities to bolster the domestic currency.
The Tenkan-sen line is located below the Kijun-sen line. Red points downwards while blue points upwards. Confirmatory line Chikou Span crossed and fixed below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
During the Asian session on Friday, the price of gold (XAU/USD) showed a modest increase, reaching $2,335 an ounce, although without sustained buying momentum and lingering below the previous high. Investors are redirecting their attention past the disappointing US GDP figures, as the growing consensus anticipates a delay in interest rate cuts by the Federal Reserve due to persistent inflationary pressures, consequently bolstering demand for the US Dollar (USD).