19 Jul 2022, 12:23 · Views 444

#XAU/USD# Gold prices ended up $1.50 at $1708.94 on Monday, supported by the weaker performance of the US dollar on the back of easing market concerns over expectations of a 100 bps rate hike by the US Federal Reserve. Gold is likely to be sold this morning (19/7), testing the support at $1700 amid the outlook for a strengthening US dollar and high yields on US bonds. However, if it moves up until it breaks above the $1712 level, it has a chance to be bought aiming the resistance at $1714. The potential trading range for the Asian session is $1700 - $1714.

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jordan.juniorr

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*Asia Session Market Brief, Tuesday 26 July 2022* GOLD #XAU/USD# Gold prices ended down $7.57 at $1719.60 on Monday as sentiment was fueled by a stronger US dollar and higher US bond yields. This morning (26/7), gold price has the opportunity to buy to test the resistance level of $1728 as long as the price stays above the support level of $1718. However, a decline lower than the support level is likely to trigger a sell-off against the gold price to test the next support level at $1712. The potential trading range in the Asian session is $1712 - $1728.

jordan.juniorr

#XAU/USD# The weakening US dollar sentiment triggered by pessimistic data on the Philadelphia Fed Manufacturing Index and Unemployment Claims has supported the rise in gold prices on Thursday, ending up $21.57 at $1717.95. Gold was bought this morning (22/7), targeting the resistance at $1725 amid the weakening US dollar. However, if it moves down to a break below the $1714 level, it sells to test the support at $1712. Potential Asian session trading range at $1712 - $1725.

jordan.juniorr

#GBP/USD# is also likely to move up in the short term amid the outlook for the weakening US dollar and the hawkish statement by the Governor of the Bank of England Andrew Bailey who said that a 50 bps rate hike would be one of the options at the next policy meeting. Later today the market will look for a catalyst from the release of UK CPI data at 13:00 WIB and UK HPI at 15:30 WIB.

jordan.juniorr

#EUR/USD# EURUSD ended up 65 pips at 1.0140 levels on Monday as supported by the weakening US dollar sentiment and upbeat Italian Trade Balance data. EURUSD is likely to be sold this morning (19/7), testing the support at 1.0100 amid concerns about the energy crisis in Europe after Russia's Gazprom has declared force majeure on gas supply to Europe. However, if it moves up and breaks above the 1.0165 level, there is a chance to buy it targeting the resistance at 1.0180. The potential trading range for the Asian session is 1.0100 - 1.0180.

jordan.juniorr

Market Brief Sesi Asia, Kamis 21 Juli 2022 EMAS Harga emas bergerak turun di hari Rabu (21/7), berakhir melemah $14.97 di level $1696.38 karena dipicu oleh sentimen menguatnya dollar AS dan tingginya tingkat imbal hasil obligasi AS. Emas berpeluang dijual pagi ini (21/7), menguji support di $1688 di tengah outlook menguatnya dollar AS. Namun, jika bergerak naik hingga menembus ke atas level $1700, berpeluang dibeli menargetkan resistance di $1702. Potensi rentang perdagangan sesi Asia di $1688 - $1702.

jordan.juniorr