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XAUUSD 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 price ticks lower amid reduced Fed rate cut bets, elevated US bond yields and stronger USD. Geopolitical tensions could lend some support to the safe-haven XAU/USD and help limit losses. On the flip side, the $2,175-2,176 region now seems to have emerged as an immediate strong barrier, which if cleared should allow the Gold price to challenge the record peak, around the $2,195 area touched last week. Some follow-through buying beyond the $2,200 mark will set the stage for the resumption of the uptrend witnessed since the beginning of this month. gold now buy 2153 tp1 2157 tp2 2161 tp3 2165 tp4 2169 tp5 2180 SL 2130
OANDA:XAUUSDShort
by Mark804
XAUUSD : Gold continues to wait for the FOMC meetingGold is under pressure as investors wait for the Fed interest rate meeting Gold recovered slightly as the USD slowed down and investors prepared for the Fed meeting on Thursday. During the March 18 session, gold fell sharply from $2,159 to $2,146 when the USD was supported by the increase in US government bond yields before turning up and ending the day around $2,160 when the USD leveled off. Precious metals cannot break out as economic data is still good and the Fed interest rate outlook is still "hawkish". There will be no important economic data from the US today and tomorrow until Thursday when the Fed's interest rate meeting begins. Currently, gold is trading around $2,160.
OANDA:XAUUSD
by SantaTradeGold
Usdjpy selling pressure read the caption USDJPY is churning chart paper just above the 149.01 handle as investors gear up for a central-bank-heavy week. The Bank of Japan (BoJ) is expected to deliver an update on its negative interest rate regime early in the Tuesday market session after Japan’s spring wage negotiations showed the highest wage increases in over three decades. The Federal Reserve (Fed) also expected this week and will drop its latest Dot Plot summary of interest rate projections on Wednesday
Short
by Mrsam36
Reduced slightly then increased againWorld gold prices increased slightly with spot gold increasing by 3 USD compared to last week's closing level to 2,161 USD/ounce. Gold futures last traded at 2,164.9 USD/ounce, up 1.3 USD compared to yesterday morning. World gold prices recovered slightly after falling to a one-week low on Monday as investors await a series of policy decisions from major global central banks, including the Federal Reserve. US Federal Reserve (Fed). Currently, the market is almost certain the Fed will keep interest rates at 5.25% - 5.5% at its policy meeting on Wednesday. Investors believe that the US Central Bank may reiterate its view of keeping interest rates higher for a longer period of time in the context that inflation is still "persistent". Traders are currently pricing in around a 56% chance that the Fed will cut interest rates in June. Higher rates reduce the appeal of holding non-couponing gold. Data released last week showed US consumer prices rose sharply in February and producer prices rose more than expected amid rising prices of goods such as gasoline and food. Gold lost 1% after the report.
OANDA:XAUUSDShort
by FalCol_TradingMaster
GBP/JPY Faces Selling Pressure Amid Economic UncertaintyDuring the early Asian session on Wednesday, the GBP/JPY pair grapples with selling pressure, hovering around the 190.000 mark. The price action reveals a swing reversal pattern, notably around the 61.8% to 78.6% Fibonacci levels following a double top formation. This sets the stage for a reversal swing trading strategy. Economically, all eyes are on the Federal Reserve's interest rate decision, expected to maintain rates unchanged for the fifth consecutive time. The focus will be on the Fed's stance on inflation, with Chair Jerome Powell hinting at the possibility of rate cuts later in the year, contingent upon sustained progress towards the 2% inflation target. Meanwhile, in the UK, inflationary pressures are easing, prompting caution from the Bank of England (BoE). Despite moderating inflation, the BoE remains vigilant until the Consumer Price Index (CPI) returns to the 2% target. With expectations of interest rates remaining steady at 5.25% during Thursday's BoE meeting, investors anticipate potential rate cuts starting in August, followed by additional cuts by year-end. Amidst this economic backdrop, our strategy revolves around a short position, complemented by a sell limit order at 191.500, capitalizing on the prevailing market conditions and anticipating potential price movements.
Short
by FOREXN1
1
GOLD BUY SHORTGold 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. On the flip side, the $2,175-2,176 region now seems to have emerged as an immediate strong barrier, which if cleared should allow the Gold price to challenge the record peak, around the $2,195 area touched last week. Some follow-through buying beyond the $2,200 mark will set the stage for the resumption of the uptrend witnessed since the beginning of this month GOLD NOW BUY 2152 TP1 2156 TP2 2160 TP3 2165 TP4 2170 SL2140
OANDA:XAUUSDShort
by Mark804
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