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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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.

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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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/