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Photo Source: Fausta via GIC[/caption] In the American market session, Gold's decline is increasingly unstoppable, even though the release of US Weekly unemployment data is negative. The plunge in the price of Gold in the US session reached a low of US$1737/troy ounce, which is the lowest level of the week. Last week's low of 1741.97 can be broken and it is predicted that the gold decline signal will still continue in today's market trading. The condition of the US Dollar currency is still at its strengthening level against several other major currencies. The strengthening of the US Dollar is supported by the statement of the Chairman of the US Central Bank "Jerome Powell" who plans to raise interest rates faster than previously predicted. In addition, the strengthening of the US Dollar is also supported by the increase in bond yields with a tenor of 10 years. Gold's movement is predicted to try to recover in market trading this weekend, but it is still in a very limited movement. Although there was a weakening of the US Dollar, it had occurred after there was a discourse that would postpone the tapering process until the beginning of 2022. Evergrande problems have eased slightly, after several Evergrande officials confirmed that they would carry out their obligations to all debtors even with a fairly long period of time. The focus of market participants today is on the statement of the chairman of the US Central Bank which is scheduled for later tonight at 21:00 WIB. Powell is expected to give his views on the current state of the US economy plus will reaffirm the results of his meeting at the FOMC yesterday. In addition, it is also likely that he will confirm that there will be a plan to reduce US stimulus starting next year. For fundamental analysis or the release of high impact data today, there will be Fed Chair Powell Speaks at 21:00 WIB. That's the daily analysis of gold on September 24, 2021. Keep a good eye on Money Management and Risk Management to protect your funds. Enjoy other analytical articles in the GIC Journal. Also get bonuses from GIC such as Friday Barokah and you can also get a guidebook in the form of a Scalping Ebook.
Gold Daily Analysis: September 24, 2021 - Gold Dimms
Oleh Nurhakim
Last updated at
17 Jan 2025 13:27
35
The daily analysis of gold on September 24, 2021 this time from GIC again discussed the price of Gold dimming in market trading for two consecutive days, this was caused by the results of the FOMC decision and overnight Gold pressure occurred due to the increase in the value of bond yields for 10-year tenors. Bond yields rose to 1.4%, the highest level since last July. In the Asian session, gold traded in a limited range, with a high of US$1776.49/troy ounce, and was its highest daily level. Entering the European session, Gold's movement was more active and had plummeted to the lowest leve at US$1763.89/troy ounce. [caption id="attachment_7017" align="alignnone" width="1029"] Photo Source: Fausta via GIC[/caption] In the American market session, Gold's decline is increasingly unstoppable, even though the release of US Weekly unemployment data is negative. The plunge in the price of Gold in the US session reached a low of US$1737/troy ounce, which is the lowest level of the week. Last week's low of 1741.97 can be broken and it is predicted that the gold decline signal will still continue in today's market trading. The condition of the US Dollar currency is still at its strengthening level against several other major currencies. The strengthening of the US Dollar is supported by the statement of the Chairman of the US Central Bank "Jerome Powell" who plans to raise interest rates faster than previously predicted. In addition, the strengthening of the US Dollar is also supported by the increase in bond yields with a tenor of 10 years. Gold's movement is predicted to try to recover in market trading this weekend, but it is still in a very limited movement. Although there was a weakening of the US Dollar, it had occurred after there was a discourse that would postpone the tapering process until the beginning of 2022. Evergrande problems have eased slightly, after several Evergrande officials confirmed that they would carry out their obligations to all debtors even with a fairly long period of time. The focus of market participants today is on the statement of the chairman of the US Central Bank which is scheduled for later tonight at 21:00 WIB. Powell is expected to give his views on the current state of the US economy plus will reaffirm the results of his meeting at the FOMC yesterday. In addition, it is also likely that he will confirm that there will be a plan to reduce US stimulus starting next year. For fundamental analysis or the release of high impact data today, there will be Fed Chair Powell Speaks at 21:00 WIB. That's the daily analysis of gold on September 24, 2021. Keep a good eye on Money Management and Risk Management to protect your funds. Enjoy other analytical articles in the GIC Journal. Also get bonuses from GIC such as Friday Barokah and you can also get a guidebook in the form of a Scalping Ebook.
Photo Source: Fausta via GIC[/caption] In the American market session, Gold's decline is increasingly unstoppable, even though the release of US Weekly unemployment data is negative. The plunge in the price of Gold in the US session reached a low of US$1737/troy ounce, which is the lowest level of the week. Last week's low of 1741.97 can be broken and it is predicted that the gold decline signal will still continue in today's market trading. The condition of the US Dollar currency is still at its strengthening level against several other major currencies. The strengthening of the US Dollar is supported by the statement of the Chairman of the US Central Bank "Jerome Powell" who plans to raise interest rates faster than previously predicted. In addition, the strengthening of the US Dollar is also supported by the increase in bond yields with a tenor of 10 years. Gold's movement is predicted to try to recover in market trading this weekend, but it is still in a very limited movement. Although there was a weakening of the US Dollar, it had occurred after there was a discourse that would postpone the tapering process until the beginning of 2022. Evergrande problems have eased slightly, after several Evergrande officials confirmed that they would carry out their obligations to all debtors even with a fairly long period of time. The focus of market participants today is on the statement of the chairman of the US Central Bank which is scheduled for later tonight at 21:00 WIB. Powell is expected to give his views on the current state of the US economy plus will reaffirm the results of his meeting at the FOMC yesterday. In addition, it is also likely that he will confirm that there will be a plan to reduce US stimulus starting next year. For fundamental analysis or the release of high impact data today, there will be Fed Chair Powell Speaks at 21:00 WIB. That's the daily analysis of gold on September 24, 2021. Keep a good eye on Money Management and Risk Management to protect your funds. Enjoy other analytical articles in the GIC Journal. Also get bonuses from GIC such as Friday Barokah and you can also get a guidebook in the form of a Scalping Ebook.
Professionally, he has been involved in the world of trading since 2009. Experienced in building a Marketing Team & Telemarketing with division members of 5 - 20 people. Currently a Trainer, Market Analyst at GIC since 2019.
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