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Gold continues to fall deeply, long-term sell entry, target 1955World gold prices decreased this morning with spot gold down 13.5 USD to 1,977.5 USD/ounce. Gold futures last traded at 1,988.6 USD/ounce, down 10.6 USD compared to yesterday morning's gold. During the first trading session of the week, safe-haven metals came under pressure as risk appetite among investors and traders increased. According to experts, weak safe-haven demand combined with interest rate expectations are factors holding back gold. Since the Israel-Hamas conflict broke out, safe-haven buying has helped gold gain 7%. However, according to Kitco Metals senior analyst Jim Wyckoff, risk appetite is improving and there are no major unexpected developments from the Israel-Hammas conflict that is gaining its safe-haven appeal for investors. of gold. Unusually high central bank buying may help explain why gold prices have remained resilient despite downward pressure from the strength of the dollar and rising bond yields so far this year.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Gold is decreasing, should I buy or sell gold now?Last week, gold fluctuated with a narrow range and regularly tested the psychological barrier of 2,000 USD/ounce. However, the metal still failed to hold this level as it was caught between conflicting factors between interest rate expectations and geopolitical concerns. Among Wall Street analysts participating in the survey, 60% expect gold prices to move higher this week. 64% of retail investors participating in online polls have the same opinion. Forecasting this week's gold price trend, Kitco News' weekly gold survey shows that analysts and retail investors are optimistic about gold for the week ending November 10. Experts expect the price to break out this week even though there is not much supporting information. Adam Button, currency strategist at Forexlive.com, said that Friday's weak nonfarm payrolls report is a sign that the US Federal Reserve's interest rate hike cycle is over. momentum and the fact that gold remains near $2,000 an ounce even as the safe-haven push is weakening.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD - Gold selling strategyGold price on Kitco closed last week's trading session at 1,992 USD/ounce. Investors' worries about the Israel-Hamas conflict still exist, but that cannot help gold prices surpass the threshold of 2,000 USD/ounce. It is because the gold price cannot surpass this important threshold that has caused market psychology to become cautious. Some analysts believe that gold prices are being hindered by the price level of 2,000 USD/ounce. If gold prices are consolidated in the near future, the precious metal price may soar to a new all-time high. Commodity analysts say that geopolitical factors are having a major impact on gold and that as concerns subside, the precious metal's safe-haven appeal will be reduced. According to Tastylive.com expert Christopher Vecchio, safe haven purchasing power thanks to the geopolitical crisis is being depleted. While geopolitical conflict can provide trading impetus for gold, it does not have a long-term effect.
TVC:GOLDLong
by FalCol_TradingMaster
Gold trading strategy at the beginning of the week November 6Many experts predict that the fall in gold prices is due to profit-taking pressure when last week the precious metal increased by 5%. Two weeks ago, the US and European economies released economic growth reports, in which GDP growth in the US increased more than twice the forecast. As a result, US Government bond yields have increased sharply. The 10-year US Government bond yield at 6:40 a.m. this morning increased sharply by 0.79% to 4.593%/year. The Dollar-Index measuring the strength of the USD in a basket of 6 major currencies also increased 0.06% to 105,080 points at the same time. Along with the positive economic reports published in the US and Europe two weeks ago, it is forecast that retail sales in the US will increase sharply in the last two months of the year when a series of events such as Black Friday and Christmas are held. , welcoming the new year takes place. To welcome the above events, businesses will organize discounts and promotions to attract customers to shop. This will positively impact production and business activities, promoting economic growth. Experts say that the US economy will continue to recover strongly in the last months of the year, thereby putting pressure on gold prices. Meanwhile, the factor supporting gold is that geopolitical tensions in the Middle East are weakening as countries and United Nations organizations are finding ways to get relevant parties to implement a ceasefire in the Gaza Strip.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Trading strategy before Nonfarm newsWorld gold prices this morning were stable with spot gold increasing by 2.6 USD to 1,985.1 USD/ounce. Gold futures last traded at 1,993.7 USD/ounce, up 6.2 USD from yesterday morning. World gold is relatively stable although the labor market shows signs of decline. A recent report from the US Department of Labor showed that the number of US workers applying for unemployment benefits for the first time increased more than expected. Specifically, the number of weekly applications for unemployment benefits increased to 217,000 in the week ending October 28, an increase of 5,000 applications compared to the previous week's adjusted level of 210,000. Economists forecast unemployment claims will stay around 210,000. According to experts, gold does not react much to weak employment data because the market is still paying attention to the recent policy decisions and stance of the US Federal Reserve (Fed). Carlo Alberto De Casa, market analyst at Kinesis Money, said that bullion prices need to more or less consolidate a bit before continuing to rise as the long-term view remains positive. As analysts expected, the Fed kept interest rates steady on Wednesday, as policymakers work to determine whether financial conditions are tight enough to keep inflation in check. . According to CME Group's FedWatch Tool, traders are currently assessing an 80% chance that the Fed will pause interest rate hikes in December.
OANDA:XAUUSDLong
by FalCol_TradingMaster
The fall has not stopped as the Fed prioritizes reducing inflatiOn January 11, the US policy-making basis, the Fed, was completed in early November. This agency decided to maintain the USD operating interest rate at a 22-year high of 5.25%. ,5 years. This basis was put in place to determine the likelihood of a report on the US chief economist. Specifically, the Fed said economic activity increased sharply in the third quarter of 2023, with a likely increase of 4.9%, expanding with certainty. The job market is stable and positive when the number of new jobs created in the non-agricultural sector in September reached 336,000 jobs, double the forecast level of 170,000 jobs. Every American has 1.5 job openings. This is consistent with the US economy accepting high interest rates but still growing well. The Fed's announcement this time, in addition to keeping interest rates high for a long time, also contained a message of financial tightening. Specifically, the Fed said "finance and credit are in a tight state". This can be understood that the Fed and the US's basic strategies not only use monetary policy but still have the main fundamental economic tool at the present time to ensure safety.
OANDA:XAUUSDLong
by FalCol_TradingMaster
After a sharp decline, does Gold have a chance to recover?World gold ended October with the largest monthly increase since November 2022 thanks to safe-haven buying due to concerns surrounding the Israel-Hamas conflict. In the last trading session of the month, the gold market was quiet as investors showed caution ahead of the US Federal Reserve's (Fed) policy meeting taking place on Wednesday (US time). Commenting on the upcoming monetary meeting, experts say that Fed Chairman Jerome Powell may continue the old scenario that all Fed interest rate decisions will depend on economic data. Kelvin Wong, senior market analyst for Asia Pacific at OANDA, said the Fed would leave open the possibility of raising interest rates again in December. Looking back at gold's movements over the past month, spot gold hit its lowest level in 7 months at 1,809.50 USD/ounce on October 6, 1 day before the Israel-Hamas conflict broke out. However, safe-haven buying amid continuing tensions in the Middle East helped the precious metal rise 8% on the month. However, some say gold could lose its safe-haven appeal as the world gradually adapts to developments in the Middle East. In fact, concerns about geopolitical instability cannot help gold maintain the $2,000/ounce level as the market once again returns to the Fed's monetary policy supporting USD strength. and bond yields.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD - Waiting for information from the Fed, gold declinedPrecious metal prices declined ahead of the US Federal Reserve's (Fed) monetary policy meeting. Commenting on the upcoming monetary meeting, experts say that Fed Chairman Jerome Powell may continue the old scenario that all Fed interest rate decisions will depend on economic data. Kelvin Wong, senior market analyst for Asia Pacific at OANDA, said that the Fed will leave open the possibility of another interest rate increase in December. However, some say that gold may lose its safe-haven appeal as the world gradually adapts to developments in the Middle East. In fact, concerns about geopolitical instability cannot help gold maintain the $2,000/ounce level when the market once again returns to the Fed's monetary policy, which is supporting the strength of the USD. and bond yields. Precious metal prices declined ahead of the US Federal Reserve's (Fed) monetary policy meeting. Commenting on the upcoming monetary meeting, experts say that Fed Chairman Jerome Powell may continue the old scenario that all Fed interest rate decisions will depend on economic data. Kelvin Wong, senior market analyst for Asia Pacific at OANDA, said that the Fed will leave open the possibility of another interest rate increase in December. However, some say that gold may lose its safe-haven appeal as the world gradually adapts to developments in the Middle East. In fact, concerns about geopolitical instability cannot help gold maintain the $2,000/ounce level when the market once again returns to the Fed's monetary policy, which is supporting the strength of the USD. and bond yields.
TVC:GOLDLong
by FalCol_TradingMaster
Gold trading strategy, opportunity to buyWorld gold prices are supported by the need for safe haven capital in the context of Israel expanding its military operations on the ground to attack the Hamas group. This could make conflict more widespread in the Middle East region The focus this week is on investors eyeing the Fed's two-day monetary policy meeting and the US monthly jobs report on Friday. They are also watching policy decisions from the Bank of England and the Bank of Japan this week. The Bank of Japan overnight left monetary policy unchanged but said it would “patiently continue to ease monetary easing” until the BOJ achieves inflation stabilizing at 2%. Fed Chairman Jerome Powell and his colleagues are expected to keep the door open to further policy tightening as strong consumer spending and tightening labor market conditions could cause consumer inflation to return. so difficult to control. Cleveland Fed President Loretta Mester said before November's monetary policy that higher bond yields were equivalent to a 25 basis point (bps) rate hike. The Fed could use higher Treasury rates as a substitute for further policy tightening. "If the Fed takes a "tough" stance on monetary policy, then we will see a somewhat negative reaction from gold. Although gold is considered a hedge against inflation, higher interest rates will reduce its appeal. instructions for this item,” Wyckoff said.
OANDA:XAUUSDLong
by NicoTradingMaster
XAUUSD- On October 30, many countries and major economies in Europe and Asia reported that the consumer price index in October dropped sharply and retail sales increased positively. Specifically, Europe's largest economy, Germany, had a CPI index in October that decreased from 4.1% to 3.7%. Germany's CPI on an annual basis decreased from 5.1% at the end of September to 4.4% at the end of October. The surveyed confidence index of consumers and businesses in Europe in the industrial, service, consumer, retail and construction sectors continued to be maintained at 93.3% last month and newspaper backup. This survey assesses the spending potential of consumers and businesses in the European region. In Korea, industrial products increased sharply from minus 0.7% in August to 3% in September. Retail sales of Kimchi establishments also increased from minus 0.3% in August to 0, 2% in September. In Australia, retail revenue also increased from 0.3% in August to 0.9% in September. A sharp decline in the CPI will help central banks temporarily stop raising operating interest rates in the last months of this year. Along with that, when retail sales and consumer confidence are strengthened, it can be said that the economy has recovered well. Falling inflation also reduces pressure on the economy as fuel prices remain on the rise due to geopolitical tensions in the Middle East.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Precious metals decreased but remained at high levelsGold remains an attractive market as bonds offer little protection while stocks continue to be sold. Fresh bullish bids in the gold market come as markets expect the US Federal Reserve (FED) to maintain restrained interest rates in 2024, analysts warn that demand lurks Value markets continue to be assured and will obscure possible risks from US monetary policy. In the same vein, commodity analysts at Société Générale also made note of the new focus on this rare metal in the context of a demonstrated market of $8.1 billion sliding into the gold market. On the other hand, some analysts believe that institutional investment demand for gold-backed exchange-traded products remains elusive, while hidden demand continues to be supported by offsetting status. for gold limit. Therefore, this has been noted as a trend that needs to change if the school wants to keep its recent gains.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD - World gold prices decreased slightly in the first tradingThe world gold market has witnessed strong buying force in the past 2 weeks. Investor demand for a safe haven has increased amid tensions in the Middle East. Gold prices marked the third consecutive week of increase. According to experts, in addition to the conflict in the Middle East, investors should monitor developments in the Fed's monetary policy stance. According to the CME FedWatch Tool, the market seems certain that the Fed will keep interest rates unchanged at 5.25% to 5.5% at this meeting. At the same time, the Fed is expected to maintain restrictive monetary policies for the foreseeable future. Some analysts warn investors to be cautious with gold prices in the region of 2,000 USD/ounce because the market may adjust downwards based on the Fed's monetary policy stance, which could keep interest rates high in the future. this time. longer period. Ole Hansen, commodity strategist at Saxo Bank, said the Fed's tough stance on interest rates could keep investors away from gold-backed exchange-traded products, which could cause gold prices to fall. next time. In addition, gold prices may decrease due to profit taking by investors.
TVC:GOLD
by FalCol_TradingMaster
XAUUSD - Starting the new week, gold increases or decreases?The world gold price on the first day of the week tends to decrease with immediate gold trading down 2.3 USD, compared to the previous weekly trading time down to 2,003.3 USD/ounce. Gold continues to strengthen as sentiment is supported and there is an increasing risk of that happening amid the ongoing conflict in the Middle East. In weekend trading, the yellow metal was once again trading at $2,000 an ounce as advisors sought alternative buying in the event of a deterioration. This position also suggests that the Fed's hawkish stance means Treasury yields peak, which will benefit the yellow metal. He thinks the “variable” will be uncertainty about what will happen in the Middle East. “The Fed is a restraining factor, while conflict in the Middle East is a driver for gold. And that makes me neutral on gold prices," he said. The Fed's interest rate decision on Wednesday will be the economic scenario expected this week with 94.2% predicting the central bank will keep interest rates on hold. This week the market also receives the October non-farm payrolls report on Friday.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD - USD price increases, gold is still hotGold prices fell after the US economic report was better than expected. The market leans towards the "hawkish" side of monetary policy, with many opinions supporting the US Federal Reserve to continue raising interest rates. According to published data, America's third quarter GDP is estimated to increase by 4.9%. Inflation index has been controlled. The US Department of Commerce said orders for long-lasting goods increased by 4.7% (equivalent to 13.2 billion USD) in September. This number increased higher than forecasts of economic experts. Better-than-expected US economic data caused the USD to increase in price, supporting Treasury bond interest rates. This makes the attractiveness of non-yielding assets such as gold significantly decrease. The recent recovery was mainly driven by capital flows seeking safe havens due to concerns that the conflict between Israel and the Islamist force Hamas would spread. Gold prices cannot return to the 2,000 USD/ounce mark in the short term.
TVC:GOLDLong
by FalCol_TradingMaster
XAUUSD - Gold price increased again, what entry to sell now?World gold prices increased slightly this morning with spot gold increasing by 4.3 USD to 1,983.9 USD/ounce. Gold futures last traded at $1,997.40 an ounce, up $2.50 from the bright spot. World gold this morning was calm compared to yesterday's brilliance but has dropped much from the high level it had during the day when the newly released report showed the strong strength of the US economy. Specifically, the report showed that US GDP in the third quarter increased by 4.9% over the same period last year, higher than economists' expectations of 4.7% and therefore increased by 2.1% in the second quarter. This data favors those who support the possibility that the US Federal Data Bureau will continue to raise interest rates at future monetary policy meetings. Edward Moya, senior market analyst at OANDA, said the data “paints a picture of a very strong U.S. economy,” reinforcing the narrative that the Fed may need to raise interest rates more, which This is detrimental to gold. Even though the economic data was stronger than expected, Moya was surprised by the yellow metal's strength. “I'm surprised we haven't seen a big drop in gold prices. I think people realize that geopolitical risks are not going away anytime soon,” he said.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Short-term Gold trading, sell xauusdWorld gold prices are currently increasing again with spot gold prices increasing by 9.3 USD, to 1,979.6 USD/ounce compared to yesterday morning. Gold futures last traded at $1,994.90 per ounce, up $8.80 in today's session. Gold prices in today's trading session increased slightly in the context of the conflict in the Middle East remaining tense and consultants waiting for important economic data from the US to get more signals about the Bureau's policy direction. Federal Reserve (Fed). Bob Haberkorn, senior market strategist at RJO Futures, knows geopolitical concerns won't go away any time soon, which will continue to support gold. The gold index increased and the US 10-term treasury bond yields increased and gold became more bearish. Today's consultant's opinion has turned to the US third quarter GDP data to be released today, October 26, and the Personal Expenditure Price Index (PCE) to be released on Friday (October 27). . These data may influence the development of Fed interest rates. If the data slows, the Fed will have more reason to lower interest rates, which will greatly support gold and push its value above $2,000.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Continued to fall sharply as the USD soaredGold prices today (October 25), the world market continues to decrease compared to the previous session, when the USD soared. The service sector purchasing managers' index in October in the US increased sharply. According to technical analysis, the PMI index increased to 50 points for an economy that is expanding its production and business scale. Since April 2023, only a few US manufacturing purchasing managers have fallen below 50 points and have now returned to this level. In particular, in the European region, the PMI index in the manufacturing sector of major economies including the UK and Germany also increased. Specifically, the October product sector PMI in the UK reached 45.2 points, higher than the forecast of 44.7 points and September's level of 44.3 points. The PMI index of the manufacturing sector in Germany in October reached 40.7 points, higher than the 40 points of the newspaper project and 39.6 points in September. Although the PMI index of the UK and Germany has not reached the opening level. widely, but increased more than forecast and last month showed telling economic signals of a product recovery. After the PMI index increased, the USD skyrocketed. The Dollar-Index - measuring the strength of the USD in a basket of 6 home currencies, increased sharply by 0.7% compared to the previous session, to 106,270 points, at 6:22 a.m. this morning (Hanoi time).
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Gold in a volatile world, should you buy or sell?The world's gold price today, October 25, is in turmoil as the USD rises sharply, crude oil prices go down, and US bond yields heat up. Gold prices today fluctuated violently as financial investment increased the need to hold "greenbacks". This helped the USD Index increase to 106.27 points, creating momentum for the USD to increase in price very strongly compared to 6 other strong currencies, including: Euro, JPY (Japanese Yen), GBP (British Pound). , CAD (Canadian dollar), SEK (Swedish Krona) and CHF (Swiss Franc). Meanwhile, crude oil price dropped to 83.25 USD/barrel, 10-year US bond interest rate stood at a high level of 4.85%/year. In particular, financial markets became optimistic when Israel still delayed its ground attack on the Gaza Strip in the hope that the Hamas group would continue to free the hostages. With the above situation, many people may have seen the gold market fall into a disadvantageous position. So they sold this precious metal. The remaining gold wave crazes sell Dua, waiting for the price to decrease to buy back the difference. Immediately, the world gold price sometimes dropped from 1,980 USD/ounce to 1,950 USD/ounce.
OANDA:XAUUSDLong
by NicoTradingMaster
XAUUSD - Gold turns down, selling strategy todayThe radiant world gold price has decreased slightly with spot gold down 0.7 USD to 1,973 USD/ounce compared to yesterday morning. Gold futures last traded at $1,987.80 per ounce, down $6.60 from the previous week's trading session. At the end of today's trading session, gold prices fell slightly, ending the impressive increase to nearly 2,000 USD in last week's session, when the conflict in the Middle East continued to escalate with no signs of cooling down. Gold prices have risen about 9% in the past two weeks as investors seek to hedge against the risk of escalating tensions in the Hamas-Israel conflict. Forex.com senior market strategist James Stanley also expects gold to decline. He explained, gold has increased too quickly in the past two weeks. So, a window may be triggered this week.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - World gold shows no signs of cooling downThe radiant world gold price has now increased sharply with spot gold increasing by 25.8 USD, increasing to 1,972.7 USD/ounce. Gold futures last traded at $1,985.40 an ounce, up $17.10 from the bright spot. The gold market continues to benefit as the Israel-Hamas conflict continues to intensify. In this bright trade, gold held on to gains despite Federal Reserve Chairman Jerome Powell reiterating that interest rates will have to be higher for longer. The head of the world's most powerful central bank also emphasized making a commitment to reduce the 2% target. Although the Fed remains committed to achieving the emission target, experts say that, given instability, the key value will increase rapidly at 2,1000 USD/ounce. Since the conflict in the Middle East began, safe haven demand has helped gold rise to nearly $120. Sean Lusk, co-head of commercial risk at Walsh Trading, said that seasonal factors such as wedding season, holiday season, and Valentine's Day are not relevant in the current environment. Now, macroeconomic data and geopolitical instability are the factors that dominate gold's short-term direction. The US picture also continues to deteriorate in some aspects, he said. The latest CPI and PPI reports from last week as well as retail sales numbers from Wednesday all show results are returning, Lusk explained.
OANDA:XAUUSDLong
by FalCol_TradingMaster
XAUUSD - Gold reversed and strengthenedWorld gold prices this morning continued to increase strongly with spot gold increasing by 22.9 USD, increasing to 1,946.9 USD/ounce. Gold futures last traded at $1,968.30 an ounce, up $32.60 from the bright spot. Developments in the Middle East have triggered hidden buying momentum in the gold market, bringing this precious metal to its highest level since September 20 in the evening trading session of October 18 (Vietnam time). Carlo Alberto De Casa, market analyst at Kinesis Money, said that the current developments in the Israel-Hamas conflict are reducing the likelihood that the US Federal Reserve (Fed) will raise interest rates in the coming months. a few make it to the main list. In that context, gold will benefit. De Casa added that, if tensions become more tense or central banks signal a drawdown, gold is likely to stay at $2,000 an ounce. Gold is considered a safe haven in times of political and financial instability. Since the conflict in the Middle East broke out, gold has rallied more than $100 despite strong US economic data that offered higher yields for longer, a factor that is unfavorable for the asset. profitable as gol
OANDA:XAUUSD
by FalCol_TradingMaster
Gold price continues to increase, current buying strategyWorld gold prices this morning reversed to increase slightly with spot gold increasing by 4.3 USD to 1,924 USD/ounce. Gold futures last traded at 1,937.2 USD/ounce, up 2.9 USD compared to yesterday morning. Despite stronger-than-expected US retail sales data and rising US Treasury bond yields, world gold prices in the evening session of October 17 (Vietnam time) still maintained a modest increase. obtained before. The newly released report shows that US retail sales in September increased by 0.7% during the month, a sharp increase compared to market expectations of 0.3%. The report boosted US Treasury yields and favored those with a hawkish view of US monetary policy, wanting to see interest rates rise more in the coming months. Although gold is down, Everett Millman, market analyst at Gainesville Coins, said that the gold market will continue to attract safe haven flows due to the Israel-Hamas conflict. He forecasts that gold will fluctuate above the $1,900/ounce range until there is some kind of ceasefire or the conflict subsides. Currently, investors are looking forward to the speech of US Federal Reserve Chairman (Fed) Powell on Thursday to get more clues about the US Central Bank's monetary policy roadmap after the comments. Recent dovish comments from some Fed officials. If there are signs that the Fed is nearing the end of this rate hike cycle, that would be good for gold, Millman added, even if we don't get any rate cuts anytime soon.
OANDA:XAUUSDLong
by FalCol_TradingMaster
GOLD - Gold long-term trading strategyThe radiant world gold price is now down with spot gold down 11.6 USD to 1,919.7 USD/ounce. Gold futures last traded at $1,934.30 an ounce, down $7.30 from the bright spot. World gold prices fell as pressured by technical selling following a previous 3% deceleration fueled by safe haven demand. The Israel-Hamas conflict has drawn investors into gold to protect their assets. Although gold decreased in the first trading session of the week, this precious metal is still at a price of 1,900 USD/ounce. Gold, often used as a safe store of value in times of political and financial turmoil, rose 3.4% last Friday. This was the largest increase in seven months due to strong safe-haven demand and short-term liquidity. In the long term, gold is still supported by many factors, including purchasing activities of central banks. According to Bart Melek, commodity strategist at TD Securities, strong and sustained gold buying activities by central banks have created a solid foundation for gold prices recently and will be the main driver of metal supply. quarter to a new all-time high in the new year.
TVC:GOLDLong
by FalCol_TradingMaster