Today's Gold Market Update

📝 Comment on Gold on August 13, 2020:

   ‼ ️About news:

 - The US economic data continue to show positive signs of a recovery when the CPI in the US rose to 0.6% compared to the forecast of 0.3%, meaning that US consumers have returned to spending.  And it will boost the economic recovery, plus the expectation of Russian vaccine for treatment, prevention of COVID-19 is still the factor driving Gold prices down.

 - In addition, the negotiation on the new US stimulus package is at a standstill and there is no sign that the parties are willing to give in to return to the negotiating table, so it is likely that Gold will not return to momentum.  increase today.

 ‼ ️ About technical and personal opinion:

 - As I mentioned yesterday from morning till night to keep selling down on the GOLD when the price stood below 1980. And in the beginning of the session this morning I kept the same view that the resistance pushed the price.  down to establish a sell position around 1949-1965.  Targets will be on support levels at 1920-1907-188x. 

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Quick Over View on Market Top News

 Good morning!  Have a nice day!

 + Check out the important news:

 US $ 1 and bond yields rose ahead of the big 10-year bond sale

 The dollar hit a two-week high, US 10-year Treasury yields also hit their highest in more than a month, while Gold Futures stabilized after falling 5% on Tuesday.

 2️⃣ The US election race heated up

 Democratic presidential candidate Joe Biden has chosen California Senator Kamala Harris as his candidate, a move that appears to increase support among women and ethnic minorities.  time reassured central voters that the party's progressive faction would have no undue influence on policy if Mr. Biden was elected in November.

 3️⃣ British economy was bruised by Covid-19, officially entering a recession

 The UK economy fell more than 20% in the second quarter, the highest level of any major industrialized economy, and it also made the UK economy officially enter a technical recession after 11 years.  .

 The UK economy fell more than 20% in the second quarter, the highest level of any major industrialized economy, and it also made the UK economy officially enter a technical recession after 11 years.  .

 4️⃣ In July, the CPI in the US rose 0.6% against the forecast of 0.3% due to the slight increase in prices of goods such as used cars, clothing and energy.

 - An increase of 0.6% over the same period last month.  If compared with the same period last year, the CPI increased by nearly 1.6% compared to the expected rate of 1.1%.

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11 August Gold Market Analysis For you

 📝 Comment on Gold on August 11, 2020:

 ‼ ️ Candlesticks on Thursday and Friday of last week form a short-term reversal candlestick so yesterday our strategy was to wait to sell down at 2050 and succeeded with that strategy.  As I mentioned that GOLD is making an adjustment trend that will be even lower than last Friday's "bottom" in 2015.

 - So in my personal opinion, I will still wait to sell GOLD when the price returns to 2029-2035.  This is also the closest resistance to push the price down on the day and the target will sell to around 2000.

 - The nearest gold lower support is 2000 and beyond is 198x.

Gold Market Short Term Quick Analysis

 📝 Comment on Gold on August 7, 2020:

   ‼ ️About news:

 The Trump administration has sent a top-level delegation to visit Taiwan over the past four decades.  China has voiced dissatisfaction and said it would certainly take countermeasures in response, as it still sees Taiwan as an inseparable entity.  => This is a move that escalates tensions between the two big men.

 - Besides that, investors are waiting for the negotiation on the new stimulus package to be approved.  It is likely that there will be a deal and the above 2 factors will continue to support the price of Gold going up today.

 - The market will wait for new information tonight on the non-farm payroll and the Unemployment Rate will be announced.

 ‼ ️ About technical and personal opinion:

 - The information plus risk sentiment has led to a continuous increase in gold price in recent days, and there have not been many signals to slow this uptrend.  As I have mentioned many days now, the buy trend will be dominant and only wait to buy.

 - Looking on the smaller timeframes M30, H1, we can see that the price recovered slightly compared to the uptrend and clung to the MA20 to go to the next highs.  In my opinion the price of gold in early trading today will still be supported so that the upside could be higher than this morning's peak when the market opened at "2075" heading up the 208x.

 - Maybe the amplitude of Gold before the news tonight will not be too strong because the market is waiting for the news to be announced, so we should pay attention to set the TP levels accordingly.  Price support pushed the price of gold up around the 2060 zone and resistance pushed the price down during the day around 208x.

Today's Quick & Short Term Analysis for Gold

📝 Commenting on Gold on August 3, 2020:

  ‼ ️ About news:

 - GOLD this morning had GAP from 1975 up to 1988 but then dropped again and is in 1972.

 - The driving factor for the increase in gold price is still being supported by the worry of a sharp outbreak again when the US is currently the country most heavily affected by the Covid-19 epidemic with over 4.7 million cases.  , of which more than 154,000 people died. US CDC projections show that the number of people killed by Covid-19 in the country could rise to more than 173,000 on August 22.

 - Over the weekend, Trump said that he plans to ban China's MXH Tiktok platform from operating in the US, which could create further tension between China and the US.

 - In addition, the US is negotiating through a new stimulus package worth 1,000B USD and if approved, the money will be pumped out, causing investment funds and financial institutions to buy gold to defend.  .

 - Today, PMI Manufacturing data from the United States is published, currently forecasts well for the USD.  And this week, the market will receive important US economic data such as non-farm payrolls, etc.

 ‼ ️ About techniques and personal views:

 - GOLD from last Tuesday (first time reached 1981) had 2 times on Wednesday and 6 to retest this "temporary peak" and this morning Gold continued to inch up to 1987.9 with the trend of higher peak.  the previous peak and the lower bottom are higher than the previous bottom, together with the negative news about GOLD as summarized above the view that I find it is difficult to have a deep correction in the first sessions of the week.

 - And today we wait for the low corrective prices of Gold to establish a buy status.  The support zone pushed the price up for the day in 1967-1963 and the resistance area pushed the price around the 1983 threshold.

Today's Gold Market Quick Analysis

📝 Commenting on July 31, 2020:

  ‼ ️

 - US GDP decreased by 32.9% compared to the previous quarter, expected to be 34.5%, this is the figure that CNBC commented that the Great Depression did not see such two-digit decline.

 - The number of applications for new unemployment benefits in the US continued to increase for the second week in a row, plus the number of deaths in Florida and Arizona set a record last night, causing the US to continue dropping points to create a falling rhythm.  Continued, the lowest in the last 2 years this has made the XXX / USD pairs to benefit from continued gains including precious metals.

 ‼ ️ About techniques and personal views:

 - Yesterday, the price of gold fluctuated from 1970 to 1939-1943.  Yesterday mentioned that gold will move sideways and in my personal view gold will continue to move sideways today before the US session.

 - The resistance zone pushed the price of gold down in 1967-1970 and helped push the price around 1945 and further to around 1933.

 - Tonight outside of the weekend will be the last trading session of the month so it is not ruled out that there will be strong profit taking sessions to close the month candles so we should be careful with buy orders at the price in the middle of the 2  the above resistance and support areas.

Today's Market News for You

Good morning!  Have a nice day at the end of the month!

 + Check out the important news:

 1️⃣

 British drug company AstraZeneca said on Thursday that vaccine testing data is very good, it has been tested on a large scale and is considered a leading candidate in the race to win against Covid-19.

 AstraZeneca has reached an agreement with countries to create more than 2 billion doses of the COVID-19 vaccine, developed in collaboration with the University of Oxford, and said it could arrive later this year.

 2️⃣

 3️⃣

 4️⃣

 - The number of Americans applying for unemployment benefits increased in the second week in a row 12,000 applications to 1 million 430 thousand applications, a sign that the economic recovery is increasingly problematic especially when Congress approved  Your payment of $ 600 in benefits will be stopped.

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Important News Of the Day

Good morning!  Have a nice day!

 + Check out the important news:

 1️⃣ The UK will continue to be involved in many EU structures until the transition period ends on December 31, when a new agreement will be needed to avoid serious disruptions in  trade and logistics issues.

 2️⃣ GBP rebounded today as the latest UK consumer price index for June surpassed forecasts and rose from 0.5% to 0.6%.  As a result, investors have become more optimistic about the country's economic recovery.

 3️⃣ Moderna's Covid-19 vaccine produces antibodies in all patients in an initial safety trial, federal researchers said.  Florida reported a record number of COVID-19 deaths even as the increase in new infections slowed.

 4️⃣ China resolutely opposes US arms sales to Taiwan

 China's Ministry of Defense said it firmly opposes the sale of new US weapons to Taiwan because this would further damage cross-strait (Taiwan-China) relations as well as the Chinese.  Sino-American system.

 The US State Department said it approved the Patriot surface-to-air missile upgrade package for Taiwan last week, worth $ 620 million.

News create impact on Investment up & down, So Before invest go through the news Professional Team Advice 

Daily Gold Market News & Analysis

📝 Commenting on Gold July 13, 2020:

‼ ️ About news:

- Speaking to Fox Business Network Mr. Trump said: "I fully support the mask". Mr. Trump added that he "likes" his appearance when wearing a mask, which looks like the Lone Ranger. This has been unprecedented since the outbreak of the disease and at least Trump has changed and will positively impact his previous supporters.

- In addition, from my subjective point of view, we are entering the days of being considered the peak of an epidemic. And if further vaccine progression will bring positive signs in disease control.

- This week there will be US economic data will also be published such as CPI, industrial output, retail sales, unemployment benefits ... if this index continues to show In the extreme, DXY will be supported and GOLD will have corrections this week.

‼ ️ About techniques and personal views:

- I still keep my opinion as Friday morning analyzed as last week, Today Gold can retest the 1803 -1806 price zone to reduce points again and the target is also the Gold support zone on 1788 - 1781. .

Specific strategies have been updated.

(Show the gold price when analyzing at 1803.5)

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Why Should You Invest in Forex Market in 2020?

Global pandemic COVID-19 is an unprecedented health issue that has already affected almost all the economies around the world. The employees are transitioning to remote work in order to maintain social distance and lockdown protocols.

There has been a huge shift in business operations and they have exposed all the companies and stock markets to great uncertainties. This has lead to an increase in volatility across financial markets.

To accommodate these volatile markets during this global pandemic, adapting your trade plan and focusing on daily forex signals is essential to meet your investment goals. May investors are also looking for live tips in order to make quick and fruitful decisions.

We have compiled some forex tips that will give you a plan to make a good investment in the forex market in 2020.

#1. Implementing Stop Loss Orders

Since the beginning of March, daily moves between 100 to 300 pips have been recorded on EUR/USD. It is one of the accurate forex tips to execute protective stop-loss orders in order to prevent excessive losses and margin calls.

Not even during current situations but also under normal market conditions, a stop-loss order is an essential risk-management tool. A prudent trader will also try to protect gains or at least use a trailing stop to prevent a winning position to turn into losing position.

#2. Employ Leverage

Many traders employ leverage in order to maximize earnings. In forex trading, higher leverage leads to higher profits. But it is a two-sided coin so we suggest you to focus on daily forex recommendations.

It is important to adjust your leverage as per the movement of the market price.

 #3. Focus on Trade Duration

It is essential to be plugged into the latest news and track your open positions in these unprecedented times. Although for many traders it is impossible to monitor all this 24/7. That is the reason many of them are choosing to liquidate the positions before the close of each trading day.

We recommend you to subscribe to daily forex tips in order to get important tips in a single click.

#4. Equity Risk

In parallel with leverage, many traders are also considering equity investments. Many stock markets have crashed due to the global pandemic which is the reason many stocks are trading at undervalued prices. Traders who are willing to take certain risks are making investments in these undervalued shares to diversify their portfolio.

#5. Orders

There are two types of orders that are used in the forex market.

A market order that is executed immediately at current market prices.

Limit order is executed when the specified limit price is met. These orders protect you from risk as they are not triggered unless conditions are met. This saves you from market volatility.

Final Word

Covid-19 is having a dramatic effect on financial markets. Therefore it is prudent to manage your financial risk and implement proper strategies in this challenging environment.

Source: https://www.moneyliferesearch.com/why-should-you-invest-in-forex-market-in-2020/

Todays GOLD Market News & Analysis

📝 Comments about GOLD on July 8, 2020:

‼ ️ About news:

 - New cases continue to rise, leading the United States to 

surpass 3 million people and reach 12 million globally, putting enormous pressure on hospitals, accompanied by the closure.  Interim State Headquarters in Sacramento to conduct disinfection process.  Besides, the rise of cases will put pressure and hurt the economy more seriously and there will probably be more stimulus measures to support the economy to overcome difficulties.  This has caused the dollar to fall back, gold rose yesterday.

 ‼ ️ About techniques and personal views:

 - Yesterday, Gold continued to break down the zone of 1787,1789 to move up to 1797 as analyzed yesterday.  This is also a sign that the Gold price will continue to increase to the higher area of ​​1820 as shown.  Today the mainstream will be the buy watch for Gold when Gold makes a correction this Asian session,

 - In this Asian session, we can sell short-term down to GOLD from the current price of 1794 until 1785. When gold reaches this price range, we will wait to establish a buy status for Gold.  The ideal regional expectation to establish a buy position is 1779-1783.

 - The daily support zone of the gold is 1779-1783.  The target for today is 1804 and beyond is 1820.

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Top Gold Profit Tips Ideas in 2020

The corona virus pandemic has crippled economies around the world. Oil prices have crashed, economists are unsure of US dollar strength. Parallel to this global market sees high demand and a short supply of gold. This is due to the fact that many investors are switching to gold in order to hedge their investment.

The old analysis and signals that we gave you a week ago have also shown similar results in the market. The prices are going up and down with many fluctuations so watch carefully gold tips as people have lost money due to this volatility.

Gold Basic Analysis Old Week Overview

• The gold prices have reached a new high. This is due to the US-China tensions that have increased the possibility of large budget deficits in the US economy

• Also the gold prices have shown relative stability due to the support of the quantitative easing policy of the US Federal Reserve.

• Although the US Federal Reserve chairman has overshadowed the prospect of bringing back the interest rate to negative. It is for sure that quantitative easing will continue in the future keeping the interest rates in zero zones.

• Increasing US-China tensions have deteriorated causing great uncertainty in the market. The Us president has affirmed that if he now serves his relations with China, they can save up to USD 500 billion.

• The demand for gold went up as this is a safe haven investment preferred by most investors in this uncertain situation.

You can plan your gold investment strategy by backing up your decision with the following research conducted by our experts

In this W-chart, we can clearly see that gold has closed at a relatively bullish phase. Gold is still supported by investors despite US-China tensions escalating and the possibility of large deficits of the US economy. Historically, gold prices rise when the US dollar depreciates. So, they both have an inverse relationship.

At the moment, it is still risky, therefore we remind everyone to wait for gold trading recommendations before making any investment decisions.

In this H-4 chart, two yellow areas show the support areas for the gold price to go up whenever there is a signal. In order to give a safe entry point we will analyze the direct signals from the market that you can refer to. You can subscribe to our paid signals for regular updates.

Future Gold Analysis

(Gold Technical Analysis – Old Week overview and overview for upcoming week)

 The gold prices show a positive signal ahead. The prices as on May 18th increased to a record-breaking rate of 1763.

As we have analyzed, the economic data released from the US continues to be bad as many people are losing jobs, lockdown implemented has slowed down the businesses, retail data published by the US shows a downward trend. As the growing US-China tensions have aggravated the situation. Trump administrations have been constantly pointing out China for the spread of the virus.

All this has led to uncertainty in USD demand and therefore more people are hedging their investment by investing in safe haven such as gold.

Source: https://www.moneyliferesearch.com/top-gold-profit-tips-ideas-in-2020/

Top Currency Pairs For Forex Market Investment in 2020

The forex market has shown much stability despite many uncertainties due to global pandemic COVID-19. This is because many analysts have already predicted the economic slowdown that will be caused by lockdowns.

This stability is also due to actions of Central Bank. in USA, interest rates have been bought to zero. Similar measures have been bought in place by the UK and Japan.

Further, there are several factors that will affect the currency market in May. From negative interest rates to Brexit to the concerns about second waves of disease. All these will affect forex market.

In this article we have compiled some currency pair tips for investment in 2020 –

#1. GBP/USD

GBP has been quite volatile due to the impact of corona virus and ongoing negotiations on Brexit. The economy at the same time has been quite affected due to pandemic. A recent study shows that services PMI has dropped to 13.4, which is quite low.

Also the bank rates and quantitative easing policies remain unchanged. Bank of England will decide on asset purchasing in June.

Therefore due to Brexit, corona virus, and bank policies, GBP/USD will see more volatility in the coming months.

#2. USD/SEK

The pair peaked at 10.38 in March, but after that, it has seen a slow downward trend and is now trading at 9.80. Sweden has adopted a relaxed strategy in dealing with with corona virus.

The government did not order any lock down and the number of infections have been increasing. This can negatively impact the economy.

With interest rates at zero, the USD/SEK pair can witness volatility and show a downward trend.

#3. USD/ZAR

The currency pair reached an all-time high of 19.0946 as the corona virus outbreak. The South African economy was in recession before the pandemic started.

The currency pair of USD/ZAR has been in consolidation and has reached an all-time high as the country starts to reopen. This has led to low volatility in trading.

The South African Central Bank will give its decision on interest rates on 21st May. Also the base lending rate has been at a historic low of 4.25%. This can lead to an increase in volatility in forex trading of this currency pair.

#4. USD/NOK

The currency pair is to be watched in May due to a fall in crude oil trading due to global lockdown. The pair reached a record high of 11.7527 in March after which the pair has been relatively calm in trading.

The country has started to reopen its economy due to which the crude oil prices have been resilient. This movement in crude oil prices can lead to an increase in volatility.

#5. EUR/USD

The EUR/USD pair reached a record high of 1.1447 after which the pair has been moving sideways. There are several factors that can lead to volatility in the trading of this currency pair. First, the futures market in the US has been trading on negative interest rates. Second, there has been growing tension between Germany and the EU.

Final Word

 This is the top currency pairs to look out for in 2020.

Source- https://www.moneyliferesearch.com/top-currency-pairs-for-forex-market-investment-in-2020/

Gold Analysis- Deep Research & Update on Gold Movement

Good Morning All!

Now find out the DEEP analysis & research for Gold Market investment update for you:

The old analysis and the price have also broken through the medium-term downtrend line that we analyzed 2 weeks ago, it is true that only sooner or later is still the mainstream. The wave is going up and down with a large amplitude, so watch carefully before making a decision to avoid as many people have lost money because the wave was too strong and now there are many signals to reduce fake. We will come back to the weekly analysis more closely so that everyone can refer to and offer trading directions for the new week.

Gold basic analysis old week overview and new week orientation:

The world gold price has reached the highest level in nearly 8 years.

– Gold price increased sharply because the number of unemployed people in the US showed signs of rising again.

– Gold price continues to peak in the context of US-China tensions escalating and the possibility of large budget deficits of the US economy.

– Gold is also supported by the quantitative easing policy of the US Federal Reserve – Fed, and the target of interest rates maintained at 0%.

– Although US Federal Reserve Chairman (Jerome Powell) has overshadowed the prospect of bringing interest rates back to negative, the quantitative easing will be unlimited and interest rates holding the zero zone in the near future will continue. support for world gold prices to go up.

– U.S.-China tensions continue to escalate when President Trump declares he doesn’t want to talk to Chinese President Xi Jinping, showing his relationship with Beijing is deteriorating rapidly because of COVID. -19. The US president affirmed that if he now severs his relations with China, the US could “save $ 500 billion”.

– Remarkably, the price of gold seems to have just started because up to this point, gold is still considered as the safest haven and continues to bring profit to investors. The context of economic uncertainty, budget deficit as well as bonds yield low yields.

Gold technical analysis old week overview and orientation for the new week-

On the W chart, everyone can see that Gold closed the weekly candle with a relatively good bullish candle and formed a continuing bullish pattern. Currently, gold is still supported in the context of US-China tensions escalating and the possibility of large budget deficits of the US economy. In opinion, at the beginning of the week, if there is a signal from the downward adjustment candle, it is likely that Gold will drop to 1730 or deeper than 1700-1720 but it is not except TH, so it is possible that Gold may go up early in the week so sell. At the moment, it is still risky, We still remind everyone that they should wait for signals from the new market to trade Buy or Sell because of the relatively large margin.

– On the H4 chart, drawn two yellow areas which are the support areas for the gold price to go up when there is a signal. The second yellow zone will be the area where the price heading to retest the falling trendline has broken last week but to be able to decline here next week will probably be relatively difficult. In order to have a specific and safe entry point, at the beginning of the week, We will analyze more carefully when there are direct signals from the market for everyone to refer to. Please remember to follow the paid signals of Money Life Research.