Gold Weekly Analysis
Today in this video Forexustaad will tell you what happened in the gold market last week and what is going to happen next week. What are the effects of the Russia-Ukraine war on Gold? Today, along with Forexustaad,
there will be special guests who will express their opinion about the Gold movement in the coming week.
If you watch a news event, you should know that this week, one month is closing and the other month is starting. Therefore, this week is going to be very important and most of all the month of June is starting.
There are many developments in the month of June. Monday is a bank holiday in the United States. Speaks are also coming on Monday but they are not much affected.
Most of the news on Tuesday is low impact but CB Consumer Confidence is very important news. Last time CB Consumer Confidence107 came but now it is expected to be 103. However, if it came less than 103 came 100 or 99 then it would be very bad news for USA economy. This will lower the dollar index and provide a good opportunity for a bullish trade in gold, so pay close attention to it.
Forexustaad also has to come live on Wednesday at 7 PM
so this is an important day. The ISM Manufacturing PMI
and JOLTS Job Openings news are coming out next
Wednesday. Both these news are very important in terms
of gold and in terms of US dollar index. This Wednesday,
Forexustaad will try to start live streaming by 6PM. So
that we can trade, live on this news.
On Thursday, ADP Non-Farm Employment Change news
is coming, the forecast of the data is good, its preview
was 247K, and the forecast is coming 297K. See what
happens.
News of Average Hourly Earnings m / m is coming on
Friday whose previous data was 0.3. Forecast is coming
0.4. News of Unemployment Rate is also high impact.
The previous data was 3.6%, the forecast is 3.5%. If this
happens, it will increase the value of the US dollar index.
Non-Farm Employment Change news is also high impact
which is very important. Which had previous data 428k,
which is being 325K forecast data. If it comes less than
325k, the US dollar index will fall. Treasury Currency
Report News is also coming on the end of the same week
that makes a significant impact on the market.
There are chances of being close bearish this month’s
monthly candle. Because Monday US bank holiday. In
addition, there is no special news on Tuesday. Gold could
go up if the US data does not come good.
If there is a peace agreement between Russia and Ukraine,
Gold will fall further. The gold market in H4 is moving
between 1860 and 1840. When the market came between
1840 and 1835, start scalping buy side. I will not
recommend sell side scalping here.
In this video, our Special Guest, Mr. Abbas, a very good
fundamentals analyst, will also tell you what America’s
data will look like in the coming days. What will be
Gold’s trend? According to Mr. Abbas, the war between
Russia and Ukraine has almost cooled down; gold has
very little chance of going up. So hopefully Gold will
make 19,000 a barrier point. The gold could go from 1840
to 1885 if US data does not come up well in the coming
week.
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