Gold Sell Now: 4998 - 5002

SL: 5008

TP1: 4995
TP2: 4992

READY US SESSION! 🇺🇸

Stay sharp. The real move usually starts when New York wakes up.

Stay focused & Trade smart!

Gold Buy Now: 5019 - 5015

SL: 5009

TP1: 5022
TP2: 5025

Gold rebounds as US Dollar and Treasury yields retreat

➡️Gold steadies near $5,000 as the US Dollar retreats from recent highs.

➡️Markets await the Fed interest rate decision and guidance from other major central banks this week.

➡️Technically, XAU/USD faces selling pressure as prices test the key $5,000 support.

Gold (XAU/USD) edges higher on Monday after reversing intraday losses as the US Dollar (USD) and Treasury yields ease following its recent rally. However, Oil-driven inflation concerns stemming from the ongoing US-Iran war raise the risk that central banks will keep borrowing costs elevated for longer, which continues to cap the metal’s upside despite heightened geopolitical tensions.

At the time of writing, XAU/USD trades around $5,030 after briefly falling to $4,967, its lowest level in over three weeks.

30 PIPS finally running into profits.

Let secure our first layer entry

Silver Price Forecast: XAG/USD bounces from critical support, bulls disappointed

XAG/USD Current price: $80.36

➡️Silver prices edged lower at the beginning of the week despite persistent risk aversion.
➡️The Federal Reserve will announce its monetary policy decision on Wednesday.
➡️XAG/USD is technically bearish in the near term, critical support at $76.80.

Silver price edged lower at the beginning of the week, despite multiple weekend headlines hinting at panic taking over financial markets at the opening. Fears were indeed present, although to a moderated extent. Given the escalation of Iran’s war, Oil prices soared amid renewed supply-disruption fears, while the US Dollar (USD) and precious metals edged lower.