Gold Price Exchange Rate

1. GOLD PRICE EXCHANGE
RATE

2. POINTS TO BE COVERED TODAY:
 Gold Price Exchange Rate
 XAU/USD Exchange Rate
 Price Fluctuations
 Gold Exchange Rate
 Piercing Line & Three White Soldiers Candlesticks
Pattern
 Gold Technical Analysis: Maintaining Recent Gains

3. Gold Price Exchange Rate
 Trading gold futures has become increasing popular as the
price of gold has fluctuated so greatly in recent months.
 Gold futures are contracts that provide for the delivery of
gold in the future at a price that is agreed upon in advance.
 The advantage of trading gold futures lies in the fact that
this asset is traded via a centralized exchange, which
allows for more leverage and flexibility than one could get
when trading gold as an asset on its own.

4. XAU/USD Exchange Rate
 XAU/USD is the ratio of gold to the U.S. dollar and appears
as such on commodities markets.
 World currencies are affected by rising gold prices and the
higher prices are quite significant to the currencies of major
gold-producing countries such as Canada, Australia and
South Africa.
 An investor who believes the price of gold will continue to
increase, can trade in the Australian dollar (AUD), the
Canadian dollar (CAD) or the South African Rand (ZAR)
instead of investing only in the US dollar, because the other
currencies have tremendous potential.

5. Price Fluctuations
 Gold to the dollar is traded on several financial exchanges, primarily New York, Hong
Kong, Zurich, Tokyo, and Sydney. It is the London bullion market, however, that has a
greatest influence on the world gold trading markets.
 The price of gold fluctuates greatly but for trading purposes it generally fixed twice
each business day at 10:30 am and 3:00 pm UK time by the London Gold Market
Fixing Ltd. It is important to watch the charts for a trend in gold prices before
purchasing futures at any time of year.
 There’s no question that the price of gold is important for traders of many currencies
because of the correlation between gold prices and currency values.
 For this reason, the Daily Forex team strives to provide regular updates about the price
of gold today. Get the latest information here, or take a look back to see how this metal
has been performing over time.

6. Gold Exchange Rate

7. Gold Pivot Points

8. Gold Advanced Live Chart

9. Piercing Line Candlesticks Pattern
 This is a two-candlestick pattern, which may show up at the bottom of a downtrend,
at the support level, or during a pullback.
 The pattern consists of a long red candle that is followed by a long green candle.
 The critical aspect of this pattern is that there is a significant gap between the red
candle’s closing price and the green candle’s open price.
 The fact that the green candle opens much higher points to buying pressure.

10. Piercing Line Candlesticks Pattern

11. Three White Soldiers
 It is made up of three long green
candles in a row, generally with
microscopic shadows.
 The condition is that the three
consecutive greens have to open
and close higher than the previous
period.
 It is regarded as a strong bullish
signal that shows up after a
downtrend.

12. Gold Technical Analysis: Maintaining
Recent Gains
 The strong recent losses of the US dollar were a major reason for the rise in
the price of gold to the level of 1875 dollars an ounce, near its highest since
the beginning of trading in 2021.
 Price settled around that summit until the reaction of the US dollar is known to
the minutes of the last meeting of the Federal Reserve Bank.
 At a time when the markets are awaiting the bank's reaction to the US inflation
which exceeds the bank’s goal in order to anticipate the date of tightening the
bank’s policy, especially with the US progress in vaccination against the
epidemic, until it comes to abandoning the face mask.
 All the recent statements by officials of the bank’s policy indicate that the bank
will not change its policy based on the latest figures, as it wants the numbers
to remain stable for a longer period as well as the continued strength of the US
labor market.

13. Gold Technical Analysis: Maintaining
Recent Gains-I
 The US dollar index DXY is heading towards its lowest levels in several
months while it risks a stronger collapse as Europe took its first steps in
the reopening process and outperformed the risk currencies.
 Investor reactions to the Federal Reserve meeting minutes today, Wednesday,
will be fundamental to how the dollar closed trading this week.
 The dollar was sold en masse ahead of the mid-week session after European
currencies were heavily bought, putting the dollar index on its path for a fourth
consecutive session of declines, as price action plays a role amid tepid drops
in global bond yields and risk gains in assets such as stocks and commodities.
 Economically, UK jobs data came in stronger than expected for the
month of March when the unemployment rate hit a sudden drop, with the
release of the numbers as the UK eased restrictions on supposedly non-
essential businesses.

14. Gold Technical Analysis: Maintaining
Recent Gains-II
 The dollar index is made up of 57% of the euro’s price against the
dollar, so it is particularly sensitive to movements in the single
European currency that were performing strongly before the middle of
the week as major European economies including France and the
United Kingdom took steps to reopen them.
 The US dollar rose strongly last week when US inflation surprised
markets with a sharp rise more than expected, rising to 4.2%
annually in April and more than twice the Fed’s target level,
supported by the resulting rise in US bond yields, in price action
that halted previous selling.
 This was caused by the April nonfarm payrolls report that surprised the
downside of the market expectations.

15. Gold Technical Analysis: Maintaining
Recent Gains-III
 According to the technical analysis of gold: The price of gold may still
maintain its recent gains until the reaction of the US dollar and the markets is
known to the contents of the minutes of the last meeting of the US Federal
Reserve later today, especially with the increasing fears of markets about the
recent sharp rise in US inflation.
 The stability of the price of gold above the psychological resistance of $
1800 will remain supportive of the bulls' control of performance, taking
into account that recent successive gains have pushed the technical
indicators to levels that are saturated with purchases.
 The closest levels of resistance to gold are currently 1882, 1900 and 1915
dollars, respectively.
 It will be the first reversal of the trend as the gold price moves towards the
1810 support level, which pushes it to the next most important support of $
1785

16. Global Stocks Mixed In Muted Trading,
Echoing Wall St Close
 TOKYO (AP) — European benchmarks were little changed
Monday after a mixed close in Asia that echoed a similar
end to last week on Wall Street.
 France's CAC 40 inched up 0.1% in early trading to
6,395.50, Britain's FTSE 100 gained 0.2% to 7,032.32.
 U.S. shares were set to drift higher with Dow futures adding
0.4% to 34,293.0. S&P 500 futures added 0.5% to
4,170.38.
 Germany's markets were closed for a holiday.

17. SUPPORT & RESISTANCE

18. XAU Strength Likely To Continue On
Dovish Fed, PCE In Focus
 Gold prices moved higher for a third consecutive week as the yellow metal continued to attract institutional
and retail traders’ attention.
 The bullish price action comes amid a painful drop in Bitcoin, with the cryptocurrency sinking over 20% as
of Friday afternoon. Investors have speculated that Bitcoin may serve as an inflation hedge, although that
narrative is being put to the test, and, so far, it appears to be failing.
 Gold, however, may be stepping back into that role, as outflows from Bitcoin appear to be at least in part
flowing into gold.
 CFTC data shows money managers’ net-long positions in gold increasing alongside price action. The
recent pick-up in prices across the economy as measured by the Consumer Price Index (CPI) is a double-
edged sword of sorts.
 Gold will likely continue to perform well alongside higher inflation, but perhaps only if markets don’t
believe those price pressures will force the Fed to tighten policy earlier than expected.

19. Best Time To Trade XAU/USD Forex
 There are loads of employments of XAUUSD which are
referenced here.
 The most significant utilization of this technique is that it
has the indicators that help it to make an exact and
amazing trade.
 It encourages the traders to cause a beneficial trade with
the assistance of gold pair and it too can be utilized in all
the periods.
 It is the best trading system for gold.

20. GOLD PRICE EXCHANGE
RATE

21. THANKS FOR LISTENING
GOLD PRICE EXCHANGE RATE