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What affects the direction of gold?World gold prices tend to decrease with spot gold down 2.4 USD compared to last week's closing level to 2,388.8 USD/ounce. The world gold market last week fluctuated according to a familiar pattern. Gold prices continuously touched new highs thanks to being boosted by shelter demand due to fears of escalating tensions, but then retreated and entered a consolidation phase. Kitco News' latest weekly gold survey shows that both Wall Street experts and retail investors continue to believe in the precious metal's strength, with 71% of Wall Street experts and 64% of general investors. Retail participants participating in the survey forecast that gold prices will increase this week. According to SIA Wealth Management market strategist Colin Cieszynski, risks remain significant and could trigger market rallies. Sharing the same opinion, senior commodities broker Daniel Pavilonis of RJO Futures also said that geopolitical conflicts will continue to push gold prices up even if there is no immediate escalation. Market analyst Everett Millman of Gainesville Coins said that developments in the Middle East are still the main factor affecting the direction of gold this week when there is not much economic data published. Expert Millman believes that, before the June monetary policy meeting of the US Federal Reserve (Fed), the market will put aside anything related to interest rate expectations until the situation is resolved. in the Middle East is really calming down.
OANDA:XAUUSDLong
by FalCol_TradingMaster
1
gold long Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast. Gold stabilized near $2,380 after spiking above $2,400 with the immediate reaction to reports of Israel striking Iran. Meanwhile, the pullback seen in the US Treasury bond yields helps XAU/USD hold its ground. gold now 2392 tp1 2400 tp2 2420 tp3 2435 tp4 2450 tp5 2466
OANDA:XAUUSDLong
by Mark804
USDJPY → An opportunity to get a longUSDJPY → An opportunity to get along hello guys... as you can see, usdjpy made a supply and demand zone and started forming a three-drive pattern! two of them formed so far! no on this internal trendline is a great opportunity to get a long position until this third drive that would be the next target! ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
4
XAU increased due to improving market sentimentWorld gold prices increased slightly, currently trading around 2,370 USD at the time of writing. Yesterday, gold turned down after approaching its highest level of the week in the European session, reaching about 2,395 USD, almost reaching the 2,400 USD mark. The main reason for this decline comes from improved market sentiment, reflected in investors' preference for riskier assets. However, falling US government bond yields also contributed to weakening the USD, making it difficult for gold to fall sharply immediately. However, gold's decline may be limited by rising geopolitical tensions in the Middle East, especially after the US announcement of imposing new sanctions on Iran. The short-term outlook for gold prices remains uncertain. Middle East tensions and Fed monetary policies will be key factors to watch. If Middle East tensions escalate or the Fed becomes more hawkish, gold could rise. However, if market sentiment continues to improve and US government bond yields increase, gold may fall further.
OANDA:XAUUSD
by NicoTradingMaster
EURUSD Potentially Rallying in DowntrendThe longer-term path shows a series of lower peaks followed by lower troughs. This suggests that the current up-leg may be an exploitable rally in the downtrend. The DAX hourly chart is showing signs of support. However, the daily chart is still under pressure. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
Short
by FXCM
World gold prices went down as the market increasingly lowered eWorld gold prices went down as the market increasingly lowered expectations that the US would cut interest rates. On the other hand, the need to safely hide capital in precious metals has also gradually decreased as the Iran-Israel conflict has calmed down. Any major stable addresses continue to support gold and any escalation would take prices up to $2,500 an ounce. This precious metal will only stop if central banks continuously buy or return to investing in risky assets. World gold prices are forecast to increase sharply at any time if the Middle East becomes more unstable. On the other hand, precious metal products are also being slowed down thanks to a rising USD on a global scale. A strong USD puts pressure on gold, thereby restraining the rise of this metal commodity.
OANDA:XAUUSD
by MrTrongVo
GBP/AUD Exhibits Signs of Reversal Amid Positive UK Economic DatThe GBP/AUD pair has recently shifted its trajectory, transitioning from a recovery phase initiated at 1.08600 in January to a downward trend. Currently hovering around the 1.9158 level, the pair encounters significant resistance marked by the Point of Control (POC) value and Fibonacci levels. This convergence suggests the potential for a pullback before resuming its upward momentum. Additionally, the Relative Strength Index (RSI) indicates proximity to oversold conditions, further supporting the anticipation of a correction. In response, we've opted to position two Buy limits in anticipation of the impending reversal. The UK manufacturing sector delivered a surprising expansion in March, following a contraction spanning 20 consecutive months. This growth was primarily fueled by robust domestic demand, elevating business optimism to its highest level since April 2023. Notably, 58% of manufacturers anticipate an increase in production levels over the next 12 months. Concurrently, British house prices surged by 1.6% in March, marking the sharpest increase since December 2022. Despite prevailing higher interest rates, the real estate sector demonstrates resilience, contributing to overall economic stability. In light of these developments, we foresee a potential pullback in the GBP/AUD pair, followed by a resumption of its upward trajectory.
Long
by FOREXN1
3
Betting on a Stronger Dollar Greenback Gets ExpensiveThe US dollar is soaring, and investors are scrambling to jump on the bandwagon. This surge in demand is reflected in the options market, where the cost of betting on further dollar appreciation has reached its highest point since November 2023. This trend highlights the growing confidence in the US economy's resilience, prompting a flight to safety in the greenback. Several factors are fueling the dollar's current strength. Firstly, the US economy continues to demonstrate surprising resilience in the face of global headwinds. Recent data, such as stronger-than-expected retail sales figures, has prompted investors to pare back bets on aggressive interest rate cuts by the Federal Reserve. This shift in expectations has bolstered the appeal of the dollar relative to other currencies. Secondly, the turmoil in global markets is driving investors towards safe-haven assets. Geopolitical tensions and rising inflation across the globe are creating uncertainty, pushing investors to seek the relative stability offered by the US dollar. The dollar's long-standing reputation as a reserve currency makes it a natural destination for these risk-averse investors. This surge in demand for the dollar is evident across the foreign exchange market. The Bloomberg Dollar Spot Index, which tracks the greenback's performance against a basket of major currencies, has climbed to a five-month high. The dollar has already notched up impressive gains against major rivals like the yen, reaching a 34-year high, and strengthening significantly against the euro, pound, and several other currencies. This bullish sentiment towards the dollar is spilling over into the options market. Investors seeking to profit from a continued rise in the dollar's value are increasingly turning to call options. However, this increased demand comes at a cost. The premium, or the upfront cost, of buying these call options has risen significantly. This surge in option prices indicates that investors are willing to pay a higher price to secure their bets on a stronger dollar. The trend in the options market presents a mixed bag for investors. On the one hand, the rising cost of call options suggests that the market is anticipating further dollar appreciation. This could be a lucrative opportunity for those who correctly predict the dollar's trajectory. On the other hand, the higher premiums eat into potential profits, making successful bets on the dollar more challenging. Looking ahead, the future path of the dollar hinges on several key factors. The trajectory of the US economy, the actions of the Federal Reserve, and the evolution of global geopolitical and economic conditions will all play a role in determining the dollar's strength. Despite the uncertainties, the current trend suggests a continued period of dollar dominance. Investors, however, should carefully consider the increased costs of betting on the dollar in the options market and ensure their strategies account for these elevated premiums. This is a dynamic situation, and close monitoring of both economic data and market movements will be crucial for navigating the ever-evolving currency landscape.
TVC:DXYLong
by bryandowningqln
EUR/USD Update: Interplay of Market Dynamics and Economic NewsThe EUR/USD pair has continued its downward trajectory, in line with our previous weekend analysis, now hovering around the 1.06100 mark. This decline coincides with a convergence of multiple technical indicators and recent economic developments. Notably, the price action has entered a potential Fibonacci reversal zone, coupled with an oversold condition signaled by the RSI indicator. Additionally, there are indications of a possible Harmonic pattern Gartley formation, adding complexity to our forecast. On the economic front, market sentiment regarding the Federal Reserve's policy stance in June is predominantly static, with the CME FedWatch Tool reflecting an approximate 80% probability of the Fed maintaining its current policy rates. This consensus suggests that the USD may have further room to appreciate, particularly if Fed Chair Powell adopts a more hawkish tone in upcoming communications. Furthermore, geopolitical tensions initially acted as a restraint on the USD's upward momentum during Monday's early trading session, contributing to a slight uptick in the EUR/USD pair. However, this sentiment shifted following the release of robust Retail Sales data from the US for March, resulting in a surge in US Treasury bond yields and subsequently bolstering the USD's strength. Considering these factors, our analysis is inclined towards a potential long setup for the EUR/USD pair, although we remain vigilant of any shifts in market dynamics and geopolitical developments that could influence currency movements in the near term.
Long
by FOREXN1
1
eurusd 📉 signal 📈hello guys... as I said before: from my point of view, this pair is bearish! why?! you can see the ascending channel broke! the price formed a QM pattern twice! the first QML(1) was touched and if the blue trenline breaks up the QML(2) will be touched too! so I believe this coin wanna touch the QML area and then start the downward movement due to engulfing the last lower low! ___________________________ 💻📞☎️ always do your research. 💌📫📃 If you have any questions, you can write them in the comments below, and I will answer them. 📊📌❤️And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
6