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Gold-trading

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
GOLD, Moving In The Decisive Triangle-Formation!Hi my friends, Welcome to the analysis we are looking at the 12-Hour GOLD timeframe perspective, the recent events, the current formation forming, what we can expect the next times, and how to distinguish the possible scenarios lying in front of us in the GOLD chart. Since GOLD established the heavy breakdowns to the downside before the stock market and other assets it was an early runner in the market, the established bearishness was heavy and it marked a swift paradigm shift, in this case, we need to contemplate how and when the bearishness follows and if there can be a stabilization or not, in this case, I detected the important levels we should consider now to anticipate GOLD next outcomes. Looking at my chart you can watch there this huge descending-triangle-formation marked the upper and lower boundary in blue, furthermore GOLD is building a logical wave-count within this triangle where it is currently forming the minor waves of the major wave E which is the final wave in the wave-count, this wave can possibly complete the wave-count and be the origin of a short-entry when it completed and bearishness sets in, it is important how this bearishness establishes when it is a heavy bearishness with high volatility the descending-triangle will highly likely break out to the downside as it is marked in my chart, GOLD will visit exceptionally lower levels then. Overall GOLD has higher potential to complete this formation bearish to the downside, there is however a smaller percentage than it moves to the upside, in this case, it is very important to look on the volatility with which the bearish bounce establishes and if the lower boundary holds or not, the next times will show how GOLD will develop here and with which volatility in the range, compared to the other assets like stocks GOLD had established the bearish moves faster playing into the theory that GOLD anticipating the stock-market-movements, nevertheless the bearishness should not be ignored that we do not get overwhelmed when the next leg to the downside sets up. In this manner, thank you for watching, support for more market insight, good day to you and all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the markets.
TVC:GOLD
by VincePrince
21
Current Situation, Gold Moving In Channel, Possible Bull-Flag!Hello Traders Investors And Community, welcome to this analysis about Golds price action, the current important formation forming, and the further outcome we can expect the next time. We are looking at the locally 4-hour time-frame and there are some exciting and significant signs which I discovered determining golds ongoing price action. Will be great when you support the idea with a like or/and follow for more market insight! Alright, when looking at my chart we can see that gold is currently consolidating in a side-ways correction after it made the run from 1450 to 1740, this is a normal mechanism in the markets after such a bullish run, traders taking profit and supply enters the market. Also, this sideways correction is forming a channel that you can see marked in my chart in black, this channel currently serves as the ongoing reference-point for gold where the consolidation continues. Furthermore, we can expect the consolidation-period in the channel continues for the next time, what is important in such a structure is that we will get a heavy breakout with a high possibility after such a consolidation, in this case, the bullish breakout is more likely than the bearish breakout. Therefore the channel in which we are moving in at the moment suspected as a possible bull-flag which can break to the upside when it is confirmed properly. What is also playing into the bullish breakout scenario of the possible bull-flag is the local strong support we have in the 1637 to 1642 level which you can see marked in my chart with the orange trend-line. This level is a meaningful level and will serve as the first fundamental respected level for support when we touch it. It is also the logical support-level from the highest we have built in the up-trend before at 1635. This level is also supported by the 400-EMA which we confirmed in the uptrend before, together with the local support it is building a strong and heavy confluence-zone there. Alright, now it is important to be patient and look at how this scenario can play out. I would be cautious in opening a long-position right away. The wisest decision in such a structure is to wait on the proper confirmation of the possible bull-flag after we touched the local support. This will give the setup a higher probability when confirmed. The first targets will be at the blue rising-resistance-line which you see in my chart and even more when we get over this strong resistance-line. Thanks for watching, feel free to support and look in my account for other free analysis, all the best and good weekend ;) "The ambition to transform opportunity into gold remains the most significant tool for a trader." In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
OANDA:XAUUSD
by VincePrince
1
Gold Price Holds Steady Before Important US Employment DataIn continuation from our last week’s analysis on Gold which was spot on, we can see right now that the price of gold (XAU/USD) is moving sideways after a recent rise, which was driven by weaker labor demand due to a less optimistic economic outlook. This precious metal is expected to stay relatively stable as investors wait for the release of the US Nonfarm Payrolls (NFP) data on Friday (tomorrow). On Wednesday, the US ADP Employment report indicated that the job market isn't as strong as previously believed. Companies have slowed down their hiring processes, adding to the signs of an uncertain economic future. The decrease in labor demand has raised hopes that the Federal Reserve (Fed) might ease its approach, especially since Fed Chair Jerome Powell mentioned at the Jackson Hole Symposium that inflation is now more influenced by labor market conditions. Gold has been on a winning streak for the past three days and is predicted to continue recovering as labor demand from US companies weakens due to reduced overall demand. The effects of higher interest rates were evident in the US ADP Employment Change data, which showed a decline in job vacancies. The August ADP report revealed that the private sector in the US added 177K employees, falling short of the expected 195K and just a fraction of July's revised figure of 371K. The slowdown in job growth was particularly notable in the leisure and hospitality sector, where job creation in areas like hotels and restaurants decreased by 30K in August after a period of robust hiring. Wage growth also eased in August. While those staying in their jobs experienced an annual pay growth of 5.9%, those changing jobs saw a slower growth rate of 9.5%. Nela Richardson, the chief economist at ADP, noted that the August numbers reflect a pace of job creation similar to the period before the pandemic. She stated, " After two years of remarkable gains tied to the recovery, we are transitioning to more sustainable growth in both pay and employment as the economic effects of the pandemic diminish. " According to the CME Group FedWatch Tool, it's widely anticipated that interest rates will remain unchanged in September. Additionally, the Fed is expected to maintain rates within the range of 5.25% to 5.50% by the end of the year. Jerome Powell, the Fed Chair, emphasised during his speech at the Jackson Hole Symposium that inflation is now more responsive to the job market. Consequently, a softer labor market could reduce the upward pressure on inflation. Raphael Bostic, President of the Atlanta Fed Bank, suggested that the current policy is sufficiently restrictive to bring inflation to 2% over a reasonable timeframe. After a sharp decline to near 103.00, the US Dollar is experiencing a slight rebound. Nonetheless, many investors are hopeful that the Fed's interest rates have reached their peak, which could lead to further downward movement. The 10-year US Treasury yields have moderately rebounded to 4.12%. While higher mortgage rates are once again putting pressure on US housing demand, it seems that the most challenging phase of the housing sector's correction has passed due to limited supply. According to property analysts surveyed by Reuters, predictions of a price drop in the housing market for this year have disappeared, indicating that the short-lived correction in the US housing market is now concluded. Looking ahead, investors will be paying attention to the weekly Jobless Claims for the week ending on August 25, as well as the core Personal Consumption Expenditure (PCE) Price Index for July. In conclusion, there's a belief that gold is gaining strength and might experience a potential upward breakout collecting liquidity resting above. This could be accompanied by a minor pullback before continuing its upward movement (see chart for more details).
FX_IDC:XAUUSDLong
by financialflagship