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To get back to Gold, we need a decline, entry sell todayGold futures price for delivery in April 2024 on the Comex New York floor decreased by 6 USD, equivalent to a decrease of 0.28%, to 2,161.5 USD/ounce. Information from central banks will take center stage this week, with interest rate decisions due from the Bank of Japan and Reserve Bank of Australia on Monday, the US Federal Reserve on Wednesday, Bank of England and Swiss National Bank on Thursday. Markets will also pay attention to housing starts and building permits in the United States on Tuesday, as well as weekly jobless claims, the Philly Fed manufacturing survey, Flash PMI and existing home sales on Thursday. Given the pace of the breakout and the slowdown at $2200, it looks like gold needs a pullback, and with the Fed on Wednesday, it's reasonable to see some profit-taking beforehand. There are probably a lot of investors who have put in money late and want to take some profits now that the breakout has started to falter, especially with a major mover on the horizon.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Gold price forecast: XAU/USD trades with a slight negative biasGold prices fell nearly 2,155 USD in early trading on Monday in Asia. The FOMC will likely leave interest rates unchanged at its March meeting on Wednesday and will be in no rush to cut rates. Chinese policymakers emphasized the need to continue implementing proactive fiscal policy and strengthen the country's economic recovery. China's February retail sales and industrial production will be released on Monday. Gold prices (XAU/USD) hovered around $2,155 during early Asian trading hours on Monday. The decline in yellow grades was supported by stronger-than-expected US February inflation data, which could delay interest rate cuts by the Federal Reserve (Fed). Meanwhile, positive forums surrounding stimulus measures from the Chinese government or strong demand from China could lift gold prices. The University of Michigan revealed today Friday that its Consumer Sentiment Index was weaker than expected, falling to 76.5 in March from a level of 76.9 in the previous reading. Meanwhile, inflation expectations in 1 year and 5 years remained unchanged at 3.0% and 2.9% respectively. Finally, US Industrial Products improved by 0.1% MoM in February from a downward revision of -0.5% MoM in January.
OANDA:XAUUSDLong
by MrTrongVo
3
USDCAD LONGUSD/CAD is the forex ticker that represents the US Dollar-Canadian Dollar currency pair. The USD/CAD rate, as indicated on the live chart, shows traders how many Canadian Dollars are required to buy one US Dollar. Follow the USD/CAD chart for live prices and stay up to date with the latest USD/CAD news, forecasts and analysis. Our expert industry insights will give you the edge to conduct thorough fundamental and technical analysis to trade this popular currency pair. USD/CAD IG Client Sentiment: Our data shows traders are now net-short USD/CAD for the first time since Mar 06, 2024 15:00 GMT when USD/CAD traded near 1.35. USD/CAD: Retail trader data shows 47.41% of traders are net-long with the ratio of traders short to long at 1.11 to 1. In fact, traders have remained net-short since Mar 06 when USD/CAD traded near 1.35, price has moved 0.07% higher since then. The number of traders net-long is 31.87% lower than yesterday and 28.88% lower from last week, while the number of traders net-short is 5.88% higher than yesterday and 27.33% higher from last week. CONFIRM CHART
Long
by Mark804
USDJPY is Ready to GO UP by Symmetrical Triangle Pattern🚀🏃‍♂️ USDJPY is moving near the 🟡 Potential Reversal Zone(PRZ)(147.520 JPY-147.318 JPY) 🟡. ✅It also seems that USDJPY has succeeded in forming a Symmetrical Triangle Pattern . 📚 What is a Symmetrical Triangle❗️❓ 🔸 The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. 🔔I expect USDJPY to rise to at least the 🔴 Resistance zone(148.930 JPY-148.520 JPY) 🔴 after breaking the upper line of the triangle . U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 1-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
2
🔥 XAU/USD - Expecting a Fall ? (READ THE CAPTION)Hello Traders , let's have a look on TVC:GOLD in the Weekly and 4H time frame Charts ! By examining the gold chart in the weekly (left) and 4-hour (right) time frame, we can see that the price in the weekly time frame managed to break the resistance of $2149 with a strong rise and close above it! This week's trades can determine the trend of the coming months, we must see by the end of the week if the price closes above the range of $2150 or below this range! Because as you can see, the price was able to grow from 1998$ to 2195$ with 3 consecutive weeks of growth, and this caused a large liquidity void, which I believe will be filled in the medium term! Now, in the 4-hour time frame, the price is trading below the range of $2175! If the price stabilizes below this range and, more importantly, it can close below $2150, we can expect a heavy fall from gold, whose possible targets are $2149, $2128, $2117, and $2058, respectively! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
OANDA:XAUUSD
by ArmanShabanTrading
11
GOLD BUY CONFIRM SIGNALGold 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 price is consolidating weekly losses near $2,160 early Friday, as risk sentiment remains sour and keeps the US Dollar underpinned. XAU/USD traders remain wary and refrain from placing fresh positional bets, as the focus shifts to next week’s US Federal Reserve monetary policy announcements As observed on the daily timeframe, Gold price has charted a potential Bull Pennant formation, with a daily closing above the falling trendline resistance at $2,174 to confirm the bullish continuation pattern. The doors would then open up again for a test of the record high at $2,195 on acceptance above Tuesday’s high of $2,185. The next key upside targets are seen at the $2,200 threshold and the $2,250 psychological level. GOLD NOW BUY 2167 TP1 2171 TP2 2175 TP3 2195 SL 2150
OANDA:XAUUSDShort
by Mark804
Gold continues to go down, entry sell todayWorld gold prices decreased slightly with spot gold down 12.1 USD to 2,161.4 USD/ounce. Gold futures last traded at 2,166.5 USD/ounce, down 14.3 USD compared to yesterday morning. World yellow metal prices reversed and decreased slightly in the trading session on March 14 (US time) when the market received more inflation data that was not as expected. The latest report showed that inflation in the US increased slightly higher than expected, helping the US Dollar Index recover and US Treasury bond yields increase. Accordingly, the producer price index (PPI) increased by 0.6% in February, double the forecast increase of 0.3% over the previous month and the increase of 0.3% in the January report. Previous Meanwhile, in the middle of this week, another report showed that the consumer price index (CPI) increased by 3.2% over the same period last year, higher than experts' forecast of an increase of 3.1%. The core CPI in February increased by 3.8% compared to the expected increase of 3.7%. CPI and PPI data both increased stronger than forecast, fading the prospect that the US Federal Reserve (Fed) will soon cut interest rates. Technically, April gold futures speculators have a solid overall near-term technical advantage. A four-week steep uptrend is underway on the daily bar chart. The bulls' next upside price objective is to produce a close above solid resistance at $2,203 an ounce. Bears' next near-term price objective is to push futures prices below solid technical support at $2,100 an ounce.
OANDA:XAUUSDShort
by FalCol_TradingMaster
GOLD BUY Gold lost its traction and declined toward $2,160 in the early American session on Thursday. The benchmark 10-year US Treasury bond yield is up more than 0.5% on the day above 4.2% after producer inflation and Retail Sales data from the US, weighing on XAU/USD From a technical perspective, any subsequent move up is more likely to confront some resistance near the $2,195 region, or the record peak touched last Friday. Some follow-through buying beyond the $2,200 mark will push the Gold price to uncharted territory and be seen as a fresh trigger for bulls, setting the stage for an extension of the recent blowout rally witnessed over the past two weeks or so. On the flip side, the $2,155-2,150 area now seems to protect the immediate downside, below which the Gold price could slide to the next relevant support near the $2,128-2,127 zone. The corrective decline could extend further towards the $2,100 round figure, which should act as a strong base for the XAU/USD. A convincing break below might prompt some technical selling and pave the way for deeper losses. GOLD NOW BUY 2163 TP1 2167 TP2 2171 TP3 2195 SL2150
OANDA:XAUUSDShort
by Mark804
Gold plummeted without stopping, selling trendWorld gold prices turned to inch up slightly with spot gold increasing by 15 USD to 2,173.5 USD/ounce. Gold futures last traded at 2,179.5 USD/ounce, up 13.4 USD compared to yesterday morning. World yellow metal prices rebounded on Wednesday, supported by a weakening USD as investors remained hopeful the US Federal Reserve (Fed) would cut interest rates in June despite inflation. Inflation in the US increased. Meanwhile, escalating geopolitical tensions cause safe-haven demand for gold bars to remain. After the recent recovery, experts are optimistic about the yellow metal. On Tuesday, bullion retreated from a record high notched last week, posting its worst one-day decline since February 13 after a new report showed US consumer prices increased sharply in February, showing that inflation is still persistent. Higher inflation data makes it difficult for the Fed to ease monetary policy and this will put pressure on non-interest-bearing assets such as gold. Despite hotter-than-expected inflation data, traders continue to bet the Fed will cut interest rates in June. According to the CME FedWatch tool, the market is currently pricing in a roughly 65% chance The Fed will loosen monetary policy.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Gold fell again, selling trend todayAfter peaking at 1,282 USD/ounce, the world's gold price today, March 13, was sold very strongly when inflation in the US increased slightly and the USD increased in value compared to many other foreign currencies. Gold prices reversed sharply today after the US announced data related to inflation that was slightly higher than forecast. Specifically, the consumer price index (CPI) in February in the US increased by 3.2%, 0.1 percentage point higher than the market expectation of an increase of 3.1%. CPI increased slightly, making investors worry that inflation in the US may heat up. This may cause the FED to maintain high interest rates for a long time. Accordingly, they increase their holdings of USD to help this currency increase in value. Gold price today is in a disadvantageous position. On the other hand, US bond interest rates jumped from 4%/year to 4.14%/year, motivating many people to put capital into bonds. Meaning very little money flows into precious metals. Gold prices today are under more pressure to go down.
OANDA:XAUUSDShort
by FalCol_TradingMaster
🔥 XAU/USD - Will Gold fall Heavily ? (READ THE CAPTION)By checking the gold chart in the daily time frame, we can see that the price was able to grow to $2195 last week and finally the weekly candle closed at $2179! Today, we saw the price rise to $2189, and after that, gold was accompanied by a price correction and fell to $2176! Pay attention, if the price stabilizes below $2200, we can see more correction of gold! But notice that in the last 12 days we didn't have even one bearish candlestick, and we have to wait for at least 2 powerful bearish candlesticks for further decline!
FOREXCOM:XAUUSDShort
by ArmanShabanTrading
65
Gbpusd dropping level read the caption the GBPUSD  experienced an upward movement, driven by a wave of dollar selling in response to lower interest rates. However, the pair's momentum encountered resistance at a key technical level—the 200-bar Moving Average (MA) on the 4-hour chart. This same MA had previously halted the pair's advance a week ago, leading to a decline in price. The fact that this level has now twice acted as a barrier underscores its significance for future trading. A sustained position below this level would indicate that sellers are maintaining control. Currently, the 200-bar MA is positioned at 1.2661 and is trending downward
Short
by Mrsam36
5
Usdjpy sell zone and target point move higher would probably soon encounter resistance in the region of 147.602 -148.01 where the 100 and 50-day Simple Moving Averages (SMA) are situated.  Given the pair is now in a short-term downtrend, however, it will probably eventually rollover and start falling again, back down to the 146.48 March 8 lows. If the pair breaks below the 146.48 lows it will probably fall to support at the 146.22 and the 200-day SMA, followed by 145.89 the February 1 low
Short
by Mrsam36