18/09/ · Gold has plunged nearly 5% off the Monthly high with the sell-off now probing key weekly support here at / looking for a pivot here with the Fed interest rate decision on tap 17/04/ · Like we earlier mentioned, Investing in gold, buy or sell on the daily or any lower timeframes must be kept within the congestion marked by yellow trendlines R and S at the moment. We will trade within this zone until we get a weekly candle close above or below the congestion to confirm a new swing blogger.comted Reading Time: 4 mins 19/11/ · 4. Some etf buyers have thrown in the towel on gold. SPDR Gold shares, the largest ETF, lost 26 tons last week. This was the biggest outflow since Estimated Reading Time: 3 mins
Gold Prices Today | Live XAU/USD Chart and Price Forecast
Subscription Confirmed! Thank you for subscribing. Coming Up! Title text for next article, gold buy or sell forex. Join our Telegram gold buy or sell forex. Forex Live Premium. Webinar Calendar, gold buy or sell forex. Compare FX Brokers. Gold: Buy, sell or hold? Thu 19 Nov GMT Author: Giles Coghlan Category: News. Gold holds some questions Gold has been tricky since the vaccine news from Pfizer and BioNtech was announced.
Gold futures fell the most in one day for over 7 years. Now Moderna's vaccine news sends a clear signal: The virus will most likely be under control next year.
Consumer demand may pick up. China is the biggest buyer of gold. Often those purchases come for the Lunar New Year and prices pick up from end of December through January. See the stats on that for the last 20 years below:. Global risks still remain - Brexit, US administration gridlock, the wider impact of COVID on the economy remains. Loose monetary policy are set to remain. The Federal Reserve is set to keep rates at their present low levels through to Some etf buyers have thrown in the towel on gold.
SPDR Gold shares, the largest ETF, lost 26 tons last week. This was the biggest outflow since One area that stands out to me is a potential buy in gold around December 23 through to the New Year.
The Golden Week holiday from October 1 -7 in China saw million people travel across the country without any rise in cases. This is good precedent for a 'normal' New Year celebration in China and at least a short term pick up in gold regardless of the longer term picture.
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19/11/ · 4. Some etf buyers have thrown in the towel on gold. SPDR Gold shares, the largest ETF, lost 26 tons last week. This was the biggest outflow since Estimated Reading Time: 3 mins A brief summary for Gold Futures: either strong Buy, Buy, Strong Sell, Sell or Neutral signals. It also offers a detailed technical analysis based on the buy/sell signals of moving averages 18/09/ · Gold has plunged nearly 5% off the Monthly high with the sell-off now probing key weekly support here at / looking for a pivot here with the Fed interest rate decision on tap
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