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.