Comment on Gold on April 5 by Money Life Research

 ‼️  Ending last week's session, gold precious metal closed the week with a very strong candlestick that covered all strong selling force at the beginning of last week. Along with that on the timeframe of the gold precious metals date chart, it has bounced up very strongly on the last 2 days of the week so in my opinion it is highly likely that this rally will continue this week.

Considering on the H4 timeframe, we see that the precious metal Gold is about to hit the short-term trendline channel from March 18, 21 onwards as well as the resistance at 1730-1734, so I expect the price. Gold is likely to be adjusted after 2 days of the last weekend, increasing sharply. The first possibility that precious metals will recover around the 1718-1720 price range, but my expectation Gold can retrace further could be 1710. Around this price range is the ideal price range for us to establish a state buying with gold precious metal with a target of 174x over the next few days.

Subscribe to #MoneyLifeResearch #GoldSignals #BestGoldSignals The Best Gold Trading Tips

Comment on Gold on April 1, 2021

In the new month, everyone with a drawdown monthly candle closed above the monthly chart, along with that on the daily chart time frame, after falling sharply to 1678, this precious metal formed the 2 patterns. the bottom then goes up. The session closed yesterday with a fairly strong bullish candle that took up most of the downward pressure of yesterday's candle. So my personal opinion about precious metals is more and more affirmed as in today's 2 that we will continue to buy when prices return to the low range in the coming short term.

Considering the short-term frame rather than H4, we can see a very strong increase. If in this Asian session, gold price remains above 1705, it is likely that the price will go up without much correction, but if the price can adjust further to the 1696-1700 zone, this is the ideal price range for them. We increase the Buy status. The next goal this precious metal needs to conquer is the price range of 1720-1725 in today's session.

Subscribe to #MoneyLifeResearch #ForexSignals #BestForexSignals Live Forex Signals

Valuable Top Forex News

 1️⃣ Fear of inflation, yields rebound, USD surpasses 93

- The dollar continued to rise higher at the beginning of the European session on Tuesday, hitting a one-year high against the Japanese yen, when US bond yields started to rise again on inflation fears.

2️⃣ Today's notable facts and data

U.S. Treasury yields skyrocketed on Tuesday, which once put pressure on US gold and silver stocks. Investors must continue to pay attention to changes in the yield curve. Two major events of the day could influence the trend in U.S. Treasury yields:

- At 20:15, the number of small non-farm ADP jobs in the US will be announced in March. The expected value is a 550,000 increase, much higher than the previous value of 117,000.

- At 4:20 tomorrow morning, US President Biden will deliver a speech on his economic vision. According to the Washington Post, US President Biden will announce plans worth $ 2.25 trillion, including $ 650 billion for the construction of infrastructures such as bridges and roads. White House officials are still making final adjustments to the plan and details may change.

In addition, at 22:45 PM, the 2021 FOMC Voting Committee and the Atlanta Fed President Bostic delivered a speech online on "monetary policy during the pandemic"; at 3:00 the following day, US Treasury Secretary Yellen will preside over the meeting.

Subscribe to #MoneyLifeResearch #ForexSignals #BestForexSignals Live Forex Signals

Today's Forex Top News

On the dollar side, it has been in high demand over the past few weeks, cautious market mood has pushed capital flows into safe assets, while economic strength and rapid vaccine rollout US rapid growth has increased the attractiveness of the greenback.

The country's claim to unemployment dropped to its lowest level in a year last week and President Joe Biden has said he will double his vaccination target, after reaching 100 million shots. 42 days ahead of time. US stocks futures fell slightly as capital flows to rebalance at the end of the quarter were boosted.

Compared to a basket of currencies, the dollar stabilizes at 92,810, just below November's high of 92.92 reached last week.

2️⃣ Significant events and economic data today

- At 22:00 today the US publishes its Consumer Confidence index. Measuring the level of consumer confidence in economic activity. This is a leading indicator as it can forecast consumer spending, playing a key role in overall economic performance. The higher the number, the higher the consumer optimism is.

Subscribe to #MoneyLifeResearch #ForexSignals #BestForexSignals Live Forex Signals

Comment on Gold on March 26, 2021

‼️  At the end of yesterday session, precious metal had a 2-way downward trend when it fell from 1738 to 1724, but immediately rebounded to 1745 and then decreased again to 1721. With the up and down momentum Recently, the precious metal Gold has not escaped from the accumulation zone 1745-1725. So in my personal opinion we will continue to trade Gold within this cumulative margin.

- Looking at H4 time frame, we can see selling pressure on this precious metal for many days, although the downside pressure of H4 candles appears, but the price still stands above 1725 and above MA20. D1 daily chart timeframe for the past several days. Because of this, the price zone of 1725 becomes a strong support zone, where in my opinion we can establish a buy position with the precious metal Gold. Let us keep trading within the cumulative range of Gold at 1738-1740 in the beginning of today's session.

Live Chat Support Available !!

Also For More Information Join Us On WhatsApp ✆ – +601548770298

Subscribe to #MoneyLifeResearch #GoldSignals #BestGoldSignals 

Subscribe to #MoneyLifeResearch #GoldSignals #BestGoldSignals The Best Gold Trading Tips

Comment on Gold on March 25, 2021

📕 Comment on Gold on March 25, 2021:

 

‼️ After touching the short-term support zone at 1725 gold precious metal has rebounded from 1723 to 1738 ($ 15) to close the daily candle around 1733. With the end of the daily candle around this price zone, in my personal opinion, would still maintain the bearish stance as reported yesterday.

 

- On the daily chart timeframe we can see that this precious metal Gold, although it had a rebounding rate yesterday, but compared to the decrease of the next candle, it is my opinion that the recovery span increases. usually let us have a better selling point today.

 

- Considering the smaller timeframe of H4, we can see that the price zone 1734-1736 is the zone where the precious metal price is facing resistance and it is likely that in this Asian session, gold will correct again to the zone 1725 and the period. My expectation is around 1715.

 

- And every strategy we all must have SL to preserve accounts. In my opinion, if the price of Gold rebounds strongly beyond 1744, we will have to liquidate the order, waiting for the next signal.

 

Also For More Information Join Us On WhatsApp ✆ – +601548770298

 

Subscribe to #MoneyLifeResearch #GoldSignals #BestGoldSignals

 

Subscribe to #MoneyLifeResearch #GoldSignals #BestGoldSignals The Best Gold Trading Tips

Top Forex News by Money Life Research

1️⃣ Fed Chair - J. Powell's comments during the late-night hearing yesterday:

- Powell said that the post-pandemic economic recovery has "progressed faster than generally expected and appears to be consolidating." However, the sectors of the economy that were hardest hit by the pandemic are "still weak" and the unemployment rate is still "underestimated," so recovery still has a long way to go .

- Powell also expected inflation to rise this year, but it would "be neither too large nor persistent."

2️⃣ UK labor market was more positive than expected

Britain's unemployment rate unexpectedly dropped over the 3-month period through January, official data showed Tuesday.

Specifically, the primary unemployment rate fell to 5.0% in the three months through January from 5.1% in the last quarter of 2020, contrary to the forecast in a Reuters poll of a small increase to 5.2%. . None of the economists polled expected a drop.

- Howard Archer, UK chief economist said: "The latest labor market data is a bit mixed but shows significant resilience."

3️⃣ The EU continues to face concerns about a stalling recovery

Europe is facing a tough second quarter as coronavirus infections rise and governments re-apply blockade measures. However, the European Central Bank (ECB) will do its part to keep borrowing costs extremely low, said Philip Lane, ECB chief economist.

- Fearing that rising borrowing costs will hinder a recovery, ECB earlier this month promised to increase bond purchases to keep yields low. The figures released on Monday show that purchases of mostly government bonds have increased by a half in the week since that decision.

Immunization campaigns have slowed surprisingly across 19 eurozone countries and governments are now extending blockade measures that threaten economic recovery.

4️⃣ Notable economic data and events today

- Powell and Yellen will attend the Senate Banking Committee hearing at 22:00 on Wednesday, and their content matches Tuesday.

In addition, Fed officials Barkin, Williams and Daley will all deliver a speech. Kaplan's latest speech is an anomaly, and you might notice the attitudes of other officials about the rate hike.

- European Central Bank President Lagarde will deliver a speech on climate change at 23:40 PM. The Federal Reserve has set up a new climate committee to oversee some of the European Central Bank's actions.

Subscribe to #MoneyLifeResearch #ForexSignals #BestForexSignals Live Forex Signals