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sentimental analysis
Forex Sentiment Analysis – 7th to11th oct
The Gold The global ounce of gold lost its upward momentum during the first week of October, experiencing a drop of approximately 1.8% after reaching a new price ceiling on September 26. The US dollar gained significant strength in the first week of October, influenced by cautious remarks from Jerome Powell, the Chairman of the…
Forex Sentiment Analysis – sep 30th to oct 4th
The Gold Gold is fluctuating around $2,653, and factors like China’s economic stimulus and a weaker dollar have not improved market sentiment. Rising geopolitical tensions in the Middle East, including recent Israeli airstrikes in Yemen and Lebanon, have increased demand for safe-haven assets like gold, preventing further price declines. On the other hand, market forecasts…
Forex Sentiment Analysis – September 23th to 27th
The Gold Sentimental Analysis of Gold in the Forex Market for the Week of September 23 to 27, 2024 The sentimental analysis of gold in the Forex market for this week indicates fluctuations influenced by several key factors. Currently, the price of gold is affected by global economic and geopolitical uncertainties, particularly U.S. economic data…
Forex Sentiment Analysis – September 16th to 20th
The Gold We previously indicated that gold might confirm a breakout from its trading range, signaling an upward trend, provided there were no significant disruptions in other markets. No such disruptions have occurred in the precious metals sector, and the US Dollar Index has weakened, exerting downward pressure. Considering the upcoming Federal Reserve meeting and…
Forex Sentiment Analysis – September 9th to 13th
The Gold Gold experienced a significant price increase on Friday, immediately following the release of the Non-Farm Payroll (NFP) report. The economic data revealed that the United States created fewer jobs in August than previously anticipated. However, gold was unable to sustain its upward momentum as traders began to scrutinize other sectors of the US…
Forex Sentiment Analysis – September 2nd to 6th
The Gold Analysts believe that gold prices will likely continue their upward trend, and bullish traders are eager to buy at lower prices. This upward trend will deter bearish traders from entering the market unless there is a clear indication of a trend reversal in the gold chart. Currently, there are insufficient reasons for buyers…
Forex Sentiment Analysis – august 26nd to 30th
The Gold In his speech on Friday, Powell noted that the Federal Reserve is prepared to adjust its monetary policies. He also stated that the time of interest rate cuts depends on future economic data. Meanwhile, gold was trading close to its all-time high. He also emphasized that risks in the labor market have increased,…
