Gtag:

Key U.S. Indicators to Keep in Mind While Trading in Gold during U.S. Session; April 26, 2022

Key U.S. Indicators to Keep in Mind While Trading in Gold during U.S. Session

Today U.S. has scheduled to release Durable/Core Durable Goods orders data at 1230 GMT/1800 IST and Richmond Manufacturing Index data at 1400 GMT/1930 IST.

Durable goods are leading indicator of production – rising purchase orders signal that manufacturers will increase activity as they work to fill the orders.

While Richmond Manufacturing Index data is derived via a survey of about 55 manufacturers in the Richmond area which asks respondents to rate the relative level of business conditions including shipments, new orders, and employment.

Let’s see how Gold has reacted during the previous data release:

March Results:

Feb Results:

Let’s check out key headline from Russia – Ukraine:

  • India ready to play bigger role in global affairs, MEA Jaishankar says on Ukraine crisis.
  • Russian minister Sergei Lavrov has said that the risk of a World War III is “serious” and “real”.
  • UK says Russia too hasty in eastern Ukraine.
  • Asked about India’s stand on Russia-Ukraine war, EAM Jaishankar said: “When rules-based order was under challenge in Asia, the advice we got from Europe was; do more trade. At least we are not giving you that advice.
  • India has a clear position on the ongoing Russia-Ukraine war, external affairs minister S Jaishankar said on Tuesday, stressing that New Delhi “urges a cessation of hostilities, return to dialogue and national sovereignty.
  • UK cuts all tariffs on Ukraine, bans more exports to Russia.
  • US President Biden may add global food aid request to Ukraine package, report says.
  • The United States will host more than 40 countries on Tuesday for Ukraine-related defense talks in Germany that will focus on arming Kyiv Washington pledged $713 million in new aid for Ukraine.
  • At defence talks in Germany, US says world galvanized against Russia’s invasion.

Source: Times of india

Technical View:

XAU/USD:

  • Gold remains volatile on Tuesday and hovers around $1,900 mark.
  • Today pair made intraday high at $1,907 and low at $1,895 mark.
  • A day chart is up and H1 chart with triple EMA suggests down trend for the time being.
  • A sustained close above $1,912 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $1,891 on H1 chart will test further supports.
SUPPORTS RESISTANCES
$1,891 $1,912
$1,886 $1,918
$1,881 $1,924
$1,876 $1,928
$1,870 $1,934

 

Take a look and do trade wisely!
Good Luck

Tags
Share on facebook
Share on linkedin
Share on twitter
Share on telegram
Share on whatsapp
Unleash Powerful Trading Conditions with TP Global.

Recent Posts

Categories

Headquarter

Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.

Mail us

Drop mail at:
support@tpglobalfx.com

Contact us

Call or Whatsapp
+44 7441 416320

Risk Warning: Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses because of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable investors who would consider trading, to do so only with money that they can afford to lose. You are also recommended to seek independent financial advice if necessary. The content on this website does not constitute financial or investment advice. Any information herein is of a general nature and does not take into consideration your personal circumstances, investment experience or current financial situation. Apple, the Apple logo, iPod, iPad, iPod touch, and iTunes are trademarks of Apple Inc, registered in the US and other countries. iPhone is a trademark of Apple Inc. App Store is a service mark of Apple Inc.

TP Global FX Limited is registered and regulated by Vanuatu Finance Service Commission (VFSC) with a registration number 40409.

TP Global Limited is registered and regulated by FINANCIAL SERVICES COMMISSION (FSC) MAURITIUS with a registration number GB21026474

TP Global FX Limited is registered and regulated by Financial Services Commission, Mauritius with a registration number GB21026474

TP Global Fx Africa Limited is incorporated in Federal Republic of Nigeria under the Companies and Allied matters Act 1990 with registration number RC 1674202. The objects of the company are all subject matters not forbidden by Companies and Allied Matters Act 1990. To provide Electronic Platform through which clients can choose currencies, commodities, indexes, CFDs and other leveraged financial instruments to trade.

mappin at-sign phone close