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Gold-trading

Gold cannot break through major resistanceGold tried to move above $2000 but it was almost impossible and there is now a deep decline Today's drop to $6.80 may seem insignificant, but given the fact that gold prices have managed to break above $2,000, this is actually significant. That simply isn't happening despite the escalating situation in the Middle East. Gold is likely to peak with an RSI near 70 and about 1-2 weeks later interest in “war” on Google News reaches its peak. That's exactly where we are right now. Overall, current predictions for gold prices are bearish.
OANDA:XAUUSDShort
by NicoTradingMaster
1
Gold has lost its appeal in the world's largest marketDemand for gold declined in the third quarter. China's central bank is the world's biggest buyer Global over-the-counter gold demand fell year-on-year in the third quarter of 2023, down 6% from 2022 figures, as central bank purchases fell year-on-year. In the July-September period, central bank demand reached 1,147.5 tonnes, 8% above the five-year average but still behind the US total of 1,219.2 tonnes. Q3 2022. In its quarterly trends report, the WGC said central banks' net purchases of 337 tonnes were the third strongest quarter in the data series, although it fell short of the 459 tonnes recorded in Q3 2022. said. The central bank's demand so far this year has been 800 tonnes, up 14% from the same period last year. The People's Bank of China (PBoC) increased its gold reserves by 78 tonnes in the quarter, regaining the position of the world's largest buyer. Year-to-date gold holdings amounted to 2,192 tonnes, representing 4% of total reserves. WGC said so. The National Bank of Poland (NBP) continued its gold purchases in the third quarter, increasing its total purchases of 48 tonnes in the second quarter by 57 tonnes. Turkey followed with a purchase of 39 tonnes in the second quarter, restoring its gold reserves to 668 tonnes. And the third quarter. Investment in gold bars and coins fell 14% year-on-year to 296 tonnes, but was still above the five-year average of 267 tonnes.
OANDA:XAUUSDShort
by NicoTradingMaster
1
The Fed continues to make hawkish arguments at the FOMC meetingThe industry's strong performance in the first half of this year was due to investments from the Middle East, Turkey and China, the report added. Gold ETFs lost 139 tonnes in the third quarter, but the outflow was smaller than -244 tonnes in Q3 2022. Investment demand in the third quarter was 157 tonnes, up 56% year-on-year, but still weak compared to the five-year average of 315 tonnes. Demand for jewelery decreased slightly due to higher gold prices, falling by 2% to 516 tonnes over the same period as gold prices continued to soar. “Gold demand has remained stable throughout the year and remains strong despite the headwinds of high interest rates and a strong US dollar. Our report shows that gold demand is very high this quarter compared to the past five-year average. Louise Street, senior market analyst at Gold Council, said: ``Given rising geopolitical tensions and expectations that large-scale central bank buying will continue, gold demand could pick up unexpectedly going forward.'' There is a gender,” he said. World said in a statement. This central bank buying spree is expected to continue for the rest of this year, with the annual total expected to increase significantly in 2023, according to the WGC. Besides, the Fed is offering to maintain interest rates more to make it easier to control the economic crisis
TVC:GOLDShort
by NicoTradingMaster
Gold is awakening to headwindsUS Dollar, Swiss Franc, US Treasury and Gold; When you think of a safe haven as a store of value during times of economic and market turmoil, these are the names that immediately come to mind. However, amid current geopolitical tensions, gold has emerged as the only name to claim its reputation, coming at a time when the US dollar and Treasuries are looking anything but. that's for sure. While it is not to say that these instruments have lost their safe haven status, when it comes to what traders and advisors can trust if they see the macroeconomic backdrop continue to deteriorate, Gold still increases in price when other instruments do not. Perhaps the most impressive thing about gold's recent performance is that it comes despite soaring nominal and real bond gains, which have traditionally hindered gold's popularity due to its lack of interest and often There are costs that exist if we are talking about physical gold. The chart below shows the symbol for gold (red line) for actual US 10-year gift certificate change adjusted to the tee. The scale was later inverted to find how the relationship found between the schools was broken down. You can see that over the past two decades, when real interest rates fall, gold tends to go higher and vice versa.
OANDA:XAUUSDShort
by NicoTradingMaster
Gold is fluctuating because of the FOMCGold traded near $2,000 an ounce on Friday after crossing the threshold for the first time since May as Israel's ground offensive on Gaza appears to be more cautious than initially announced. Gold bullion fell after rising 1.1% on Friday as Israel ramped up ground operations. Israel has been sending troops and tanks to the northern Gaza Strip in the so-called second phase and long war of the war with Hamas, which continues day by day. This allayed fears that a large-scale invasion would lead to regional escalation. Stephen Innes, managing partner at SPI Asset Management, said: ``Oil and gold prices are down significantly in early trading on Monday, but there is a lot wrong with this, which suggests this problem could be long-term. I want you to remember that." "That's why the price of gold can't fall significantly." The precious metal was one of the biggest gains since Hamas' attack on Israel on October 7, rising more than 9% on increased demand for safe-haven assets. Like the Swiss franc and short-term U.S. Treasuries, the Swiss franc should continue to benefit as tensions rise. The dispute has changed the path of interest rates in the US, with US Treasury yields becoming the main driver of gold prices. However, this week will focus on how interest rate decisions by major central banks, including the Federal Reserve, affect borrowing costs.
TVC:GOLDShort
by NicoTradingMaster
GOLD 4H maintains its positive stabilityHello traders, The price of gold fluctuates near the support of the ascending channel. It receives continuous positive support from the moving average of 50, which supports the chances of continuing the rise within this channel and heading towards achieving our positive goals that started in 1996 and extended to 2010. In general, we will continue to favor the upward trend for today unless the 1983 level is broken and holds a daily close below it. Pivot Price: 1983 Resistance Price: 1996 & 2010 & 2022 Support price: 1964 & 1947 & 1933 The general trend expected for today is bullish timeframe: 4H
TVC:GOLDLong
by Evar_Mayi
Gold is resisting fiercely because of the war and the FedGlobal gold prices rose slightly this morning, with spot gold prices up $4.3 to $1,983.9 per ounce. Gold futures traded at 1,997.4 dollars per ounce, up 2.5 dollars from the previous morning. Global gold prices rose slightly this morning compared to yesterday morning, but remained well below the day's highs as a newly released report showed the strength of the US economy. Specifically, the report showed that U.S. GDP rose 4.9% year over year in the third quarter, beating economists' expectations of 4.7% and belied by the 2.1% increase in the first quarter. ing. 2. This data supports the possibility that the Federal Reserve will raise interest rates further in future policy meetings. Edward Moya, senior market analyst at OANDA, said the numbers "paint a picture of a very strong U.S. economy," and the Fed could need to raise rates further, which could hurt gold. He said that he is increasing his view that there is a possibility that the Although economic indicators were better than expected, Moya was surprised by the yellow metal's strength. "I'm surprised we haven't seen a bigger decline in gold prices. I think people understand that geopolitical risks aren't going away anytime soon," he said. Gold has risen 9% over the past two weeks as investors sought refuge from the potential fallout from the conflict between Israel and Hamas. However, the continued outlook for rising interest rates has capped the upside for non-interest bearing precious metals.
OANDA:XAUUSDShort
by NicoTradingMaster
Short Opportunity: Riding the Dollar Bullish Momentum in EUR/USDHi Realistic Traders. Here's my price action analysis on EURUSD! EURUSD has recently dipped below the EMA200 line , thereby confirming its bearish trend. The most probable scenario at this point is a continuation of this bearish trend. Upon closer examination of the chart, it becomes evident that EURUSD has formed a bearish pattern recognized as the Ascending Broadening Wedge Pattern, complete with a breakout. Breakouts in such instances typically foreshadow a continuation of the downward trajectory. Additionally, the momentum indicator is currently indicating a downward momentum, as it approaches the negative zone, signaling the potential for further downward movement toward the designated target area. it is essential to note that the analysis will no longer hold validity once the target/resistance area is reached. Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below! Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on FX:EURUSD ."
Short
by financialfreedomgoals101
Gold prices are currently trading around $1,975, retreating fromGold prices are currently trading around $1,975, retreating from near $2,000. Federal Reserve Chairman Jerome Powell and other Fed officials have indicated that interest rates will remain stable at the November meeting. Geopolitical tensions continue to weigh on markets, leading to an outflow of safe-haven assets like gold. Market participants will focus on US PMI, growth, and core personal consumption expenditures (PCE). There are clear signs that interest rates will remain stable at the FOMC's November meeting as it enters its dormant phase. Atlanta Fed President Rafael Bostic said Friday that he does not expect the Fed to cut interest rates until the middle of next year. Philadelphia Fed President Patrick Harker reiterated his intention to keep interest rates unchanged. Meanwhile, Cleveland Fed President Loretta Mester said the U.S. central bank is "at or near the peak of its rate hike cycle."
OANDA:XAUUSD
by NicoTradingMaster
GOLD 4H price achieves the extended targetHello everyone, The price of gold rose strongly yesterday to succeed in achieving our expected target of 1985. We notice that the price begins today with more positivity to try to penetrate this level, which leads the price to achieve more expected gains during the coming sessions, paving the way for heading towards the levels of 1991 and then 2009 as stations—next main. Moving average 50 continues to support the proposed bullish wave, taking into account that failure to consolidate above 1977.25 will stop the expected rise and put pressure on the price to turn lower. Pivot Price: 1977 Resistance Price: 1991 & 2009 & 2024 Support price: 1957 & 1943 & 1929 timeframe: 4H
TVC:GOLDLong
by Evar_Mayi
Gold prices increased sharply as the fighting became increasinglWorld 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 gold.
OANDA:XAUUSDShort
by NicoTradingMaster
GOLD Under Pressure! SELL! My dear friends, Please, find my technical outlook for GOLD below: The price is coiling around a solid key level - 1923.9 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1914.3 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDShort
by AnabelSignals
4
GOLD Is Testing The Verge, These Outcomes Possible!Hello Traders Investors And Community, Welcome to this update-analysis where we are looking at GOLD 12-hour timeframe perspective, which has shown some important signs the last times, as mentioned already previously it was more likely that GOLD bounced within its local range and tests the lower boundary of its triangle-formation anew, this is what happened now and besides that GOLD has some other meaningful factors on the bigger scale here, in this case, I detected the preliminary level and more likely outcomes the next times, what is important is that we keep cool and wait for the proper confirmations to show up in the schedule. Looking at my chart you can watch the triangle building here already detected on the smaller timeframes, now there is coming to the rising blue trendline into the surface which established since almost 186 days now and holding the trend marginally to the upside, besides that GOLD Is testing the 60-EMA in green and below it the 100-EMA in black, these levels of support will provide when they break to the downside protracted bearish pressure and it will be the confirmation of the triangle to the downside as it is seen in my chart, as GOLD is still on relatively high value and overbought on the higher timeframes the bearish declines may not be over yet and as GOLD did not manage solid bullish moves till yet the bearish case can be more expected with a possibility of 65 % on the other side the bullish case with a possibility of 35 %, what is really important here is to wait on confirmation then going into the direction and possibly open up a trade. The next times will show how GOLD develops here further and in which direction it will breakout, when considering the more likely bearish breakout GOLD has the potential to follow up with bearishness till the next blue trendline marked in my chart where recovery can take place, in this scenario the market has to be elevated anew and see how it is developing if there is coming more bearish pressure or a serious reversal and continuation to the upside, till then it will be interesting how the precious metal follows up with further. In this manner, thank you for watching, support for more market insight, good day to you, and all the best! “Good luck is when opportunity meets preparation.” Information provided is only educational and should not be used to take action in the markets.
TVC:GOLD
by VincePrince
5
GOLD, Triangle Forming, Bearish Breakout More Likely!Hello Traders Investors And Community, Welcome to this analysis where we are looking at GOLD 4-hour timeframe perspective, the recent events, the current formation building, what are likely outcomes the next times and how to handle these possibility. Since GOLD established its heavy bearishness to the downside it is now trading in somewhat a sideways movement where it has to show if more bearish pressure will follow or a reversal will show up which is the more unlikely scenario currently, therefore I detected the important levels and outcomes we should consider in GOLDs destiny now. Looking at my chart you can watch there GOLD moving in this established triangle formation where the upper and lower boundary marked in blue and already touched several times, such formations can confirm either to the up or downside and it is from high importance to wait on the proper breakout before going in the direction. As GOLD has shown high bearish selling volume and is trading below the important EMAs the bearish breakout is at the moment more likely than the bullish one, when coming to the possibilities the bearish breakout has a 65 % possibility compared to the other 35 %, therefore we can anticipate the bearish breakout more to happen which will show up when GOLD moves below the lower boundary with a decisive bearish move and closes there, what will be good to confirm further bearish continuation is a pull-back to the lower boundary confirming it, this can be traded conservatively after the confirmation has occurred, it is also possible to enter immediately aggressive however this would be not the best option as there is still a marginal possibility given that GOLD breaks out to the upside. The bearish breakdowns GOLD established since it formed its top some time ago should still not be kept by side as it is not unusual that there will follow more bearish pressure when these movements already established before, in this case, we should not over speculate the situation and wage the possibilities rightly, more continued bearishness visiting lower levels does not necessarily mean GOLD is completely bearish on the middle and long term as there are still some important signals to consider on the higher timeframes. In this manner, thank you for watching, support for more market insight, good day to you and all the best! "Science is organized knowledge. Wisdom is organized life." Information provided is only educational and should not be used to take action in the markets.
TVC:GOLD
by VincePrince
5
GOLD UPDATE, Resistance Confirmed, Setting Up For Another Leg!Hello Traders Investors And Community, welcome to this update-analysis where we are looking at GOLD 1-hour timeframe perspective, the recent events, the current structural importances, what to expect next times, what to not expect and how to handle the situation appropriately. A mentioned in previous analysis and expected GOLD confirmed its huge resistance between the 2010 and 2030 level bearish where it now showed an increased volatile bearish move to the downside confirming the bear-flag-formation it has formed, if you did not saw this analysis already I highly recommend you watch it when going to my account, for now, GOLD is still moving above the 1000-EMA, therefore, it is important if it holds this level where the possibility is quite marginal or it falls below and continues bearish to the downside which is a much more likely scenario currently, in this case, I detected the important levels to consider now. Looking at my chart you can watch there the confirmed bear-flag-formation together with the coherent wave-count overall confirming the bearish pace here, currently GOLD has found some marginal support at 1915 where it bounces a little but this bounce is not strong and is directly trading into resistance which is the 200-EMA marked in red in my chart, when GOLD approaches this EMA it has a high possibility to confirm bearish and bounce from this level, GOLD is not yet over with its bearish declines therefore we can expect a consolidation here in the range between the 200-EMA and 1000-EMA before forming another sudden leg to the downside which is the most possible scenario at the moment, currently, there is not much potential given for new highs the next times as strong resistance levels lying there and the established bearishness should not be ignored, possible entries can be after a bounce from 200-EMA or fall below 1000-EMA. In this manner, thank you for watching, support for more market insight, all the best! Information provided is only educational and should not be used to take action in the market.
TVC:GOLD
by VincePrince
7
GOLD, Further Decline Follows Up When Range Cant Be Hold!Hello Traders Investors And Community, welcome to this analysis where we look at GOLD daily timeframe perspective. GOLD has shown a heavy decline bearish to the downside where it recently found support and forming some little uptrends which is normal after such heavy decline, currently we can not one hundred percent deny the bearish continuation scenario as the declines where just to strong therefore it is important to look at the situation in a neutral mind and do not overspeculate it as it is happening too often these days, in this case, I detected some importances which we should consider now next times. Looking at my chart you can see that GOLD just bounced at the first ascending trendline marked in blue which is also matching with the 45-EMA marked in orange building up together support here which was strong enough to send GOLD into this nice little rally. Now GOLD is approach still strong resistance which it has between the 2010 and 2040 level marked in blue in my chart, when GOLD approaches this area there will highly likely follow a bounce back as this is a strong resistance, when GOLD does this it will test the first ascending blue trendline where it will highly likely break to the downside considering the strongness of resistance. When GOLD shows up with the likely scenario and moves below the trendline it will approach the next sufficient support which it has firstly at the rising-trendline in red matching together with the 45-EMA in orange and building a coherent support-cluster here where a bounce to the upside is possible, this bounce can stabilize GOLD and possibly set up to form new growth but when this does not happen and GOLD shows bullish weakness further it can even fall more below the trendline pointing to the next EMA targets at the 100- and 200-EMA marked in black and blue in which a remaining possible stabilization can occur. In this manner, thank you for watching, support for more market insight, all the best! Information provided is only educational and should not be used to take action in the market.
TVC:GOLD
by VincePrince
11