Comment on Gold on August 31, 2021

 After surging to the price range of 1822 precious metals Gold fell slightly to 1807, closing the day session with a bearish candle around 1809. However, in my personal opinion, this drop is what  necessary for the precious metal Gold to bounce back.  This correction is a good price area for us to establish a buy position.

Switching to the shorter-term timeframe H4 we can see the support of the precious metal Gold in today's session around 1802-1808.  Here, in my opinion, we can establish a buy position with the safe target around 1820 and the expectation of the "old peak" area of ​​1830.

For Live Gold Signals You Can Visit Our Website.

Check out the news that happened in the last 24 hours

  1️⃣ Yesterday's main news

 - Powell: Fed policy has limitations

 - The Federal Reserve FOMC will release the minutes of its monetary policy meeting

 - US retail sales fell more than expected in July

 - The SEC has temporarily suspended Chinese companies from using shell companies to come to the US for IPOs

 - Taliban conference in Afghanistan: do not want to repeat any war

 - RBNZ rate hike is expected to cool down

 - Japan approves plan to extend and extend the state of emergency restrictions

 2️⃣ Financial facts and data today

 - the Reserve Bank of New Zealand announced its decision on interest rates.  Previously, the market expected the Reserve Bank of New Zealand to raise interest rates by 25 basis points, but after the emergence of community transmission cases, the market was concerned that the epidemic would increase and bet  The interest in the Reserve Bank of New Zealand raising interest rates has been much cooled.

 - In the afternoon, the July CPI monthly rate will be announced in the UK and the Eurozone.  Be wary of fluctuations in the pound and the euro.

 - EIA of crude oil inventories from the United States until the 13th week of August 13.  API data released early this morning showed crude oil inventories continued to decline, and WTI crude futures fell slightly afterward.

 - The new crown anti-epidemic group will hold a press conference on the new crown vaccine booster on Wednesday, local time, and Biden will also give a speech.

 - the next morning, the Federal Reserve FOMC releases the minutes of its monetary policy meeting, you can focus on clues about QE.

For Live Gold Signals You Can Visit Our Website.

Comment on Gold on August 13, 2021

 In yesterday's trading session, precious metal Gold didn't change much when it fell from 1758 to 1741 then bounced back.  Closed with a bullish candle but this uptrend was only a sideways span during the day.  So in today's trading session, my personal opinion has not changed compared to yesterday's session.

 - The resistance zone of 1760-1765 is still the area where we wait to establish a short position in precious metal Gold with a safe target around 1740. And if 1740 is broken today then 1725  will be the next level this metal is heading towards.

For Live Gold Signals You Can Visit Our Website.

Check out the news that happened in the last 24 hours

  1️⃣ Yesterday's main news

 Fed Evans: Employment could hit debt relief later this year.

 - The trillion dollar infrastructure bill passed in the Senate.

 - US media: Opposition from some Democrats could hinder Powell's re-election as Fed Chairman.

 - Biden intends to nominate Frost, an official with the Federal Reserve Bank of New York, as Assistant Secretary of the Treasury.

 - The Fed's use of reverse repurchase instruments approaches $1 trillion.

 Iraq plans to increase oil production to 8 million barrels per day by the end of 2027.

 - India will eliminate the use of cryptocurrencies to fund illegal activities.

 2️⃣ Financial facts and data today

 - the annual rate of the US CPI will not be seasonally adjusted for July, the expected value is 5.3%, the previous value is 5.4%;  at the same time, the monthly rate of US CPI after the July Adjustment season will be published, the expected value is 0.5%, and the previous value is 0.9%.

 - EIA crude oil inventories in the United States for the week to August 6. The previous value was 3.627 million barrels.  Additionally, in 2021, the FOMC voting committee and Atlanta Fed President Bostic will speak on how the Fed can make the economy more inclusive.

For Getting Live Forex Signals You Can Visit Our Website.

Check out the news happening in the last 24 hours

  1️⃣ Yesterday's main news

 - Fed Bostic: Or start reducing debt from October to December.

 - Democrats in the US Senate announce a $3.5 trillion budget plan.

 - The provisions of crypto tax under the US Infrastructure Act have not been agreed.

 - US Treasury Secretary Yellen seeks bipartisan cooperation to resolve debt ceiling issue.

 - New York Fed survey: US consumers' short-term inflation expectations maintain record highs.

 - For the first time, JOLTS US employment exceeded 10 million people, exceeding the number of unemployed people.

 - Japan may increase its economic stimulus plan

 2️⃣ Financial facts and data today

 - the August ZEW Economic Sentiment Index for Germany and the Eurozone will be published.

 - the July US NFIB Small Business Confidence Index will be released, with the expected value of 102 and the previous value of 102.5.

 - 2022, the FOMC voting committee and Federal Reserve chair Cleveland Meester will deliver speeches on inflation risks.

 - EIA will release its monthly short-term energy outlook report.

 - the next day, API crude oil inventories will be released for the week from the US to August 6.

For Getting Live Forex Signals You Can Visit Our Website.

Comment on Gold on August 6, 2021

 Ending yesterday's session, precious metal Gold had 1 day of decline from 1814 to 1797, closing the day session with a bearish candle around 1804. Although yesterday precious metal Gold was  there are deeper declines every day but the drop is not too strong and the support zone 1793-1797 has not been broken so in my opinion to trigger a deep drop, the precious metal will have to overcome this price zone.  

 - My personal view on precious metal Gold today is to wait for this precious metal to have another drop to the 1793-1797 price range, then wait for a recovery signal to buy up.  If the precious metal Gold breaks through 1793-1797, then 1781 will be the next support area of ​​the precious metal Gold today.

For Live Gold Signals You Can Visit Our Website.

Comment on Gold on August 5, 2021

  - In yesterday's trading session, we saw the following 2-way sweep of precious metal Gold, after rising to 1831 Gold fell back to 1806, closing the day with a bullish candle with a decent beard.  long term and if looking closely, the price is still in the sideways zone and hasn't changed much so my view on precious metal Gold today is still the same as yesterday.

- We will continue to trade in its sideways range.  Establish a buy position when Gold reaches around the 1805-1808 support and consider selling when the price approaches the 1818-1820 resistance.

For Live Gold Signals You Can Visit Our Website.