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10.28 Gold fluctuates and moves upwardAs the safe-haven demand caused by the ongoing tensions in the Middle East pushed up the price of gold, coupled with the Federal Reserve's 50 basis point rate cut, the price of non-yielding gold has risen by more than 32% so far this year. The uncertainty of the US election has also stimulated the safe-haven demand for gold, as opinion polls show that the presidential election competition is still fierce. Despite the rise in the US dollar, the price of gold still rose. At the same time, the price of gold rebounded from the profit-taking trend last Friday and then rose slightly. The high sideways trading of the daily line, the two consecutive positive rises of the weekly line and the upward support of the trend indicator MA moving average, so the overall trend is still bullish. In the European session last Friday, the bottom rebounded and the highest test was 2747.70. This morning, the price of gold continued to pull back and opened, increasing the intraday volatility. Combined with the strength of the recent retracement, it is difficult to have the momentum of a continuous and sharp decline. The intraday will continue to fluctuate. 1. There is only one negative line correction in the high consolidation process. This is also the reason why the gold price will not retrace for too long in the recent rising market, and the retracement strength is not strong and it is also consolidating near the high point, so it is expected to continue to rise and test the previous high point of 2758.40. 2. In the bull trend, the low point of the retracement last Friday was 2717, and the position of the previous retracement was supported many times at 2714, forming a double bottom pullback, so the lower low is moving up, and the upper high point of last Thursday was 2743. It closed at 2747 in the early morning of Saturday, breaking through the high point of the pullback after the decline last week. Although there was a negative line retracement this morning, it was more in the form of correction. 3. From the perspective of the overall correction strength, the space for gold price to retrace from 2605 to now is only between the golden section line of 382 and 236, and the correction space is very limited; in addition, although there are repetitiveness recently, it is still rising during the high-level consolidation process, the correction time is shortening, and the momentum to continue to test the new high is increasing. Intraday thinking plan: BUY:2715 SELL:2740
TVC:GOLD
by David_strategy
1
Transaction entry passed My market review. USD: - The USD will be greatly influenced by JOLTs data on job vacancies and statements by Mr. Jerome Powell, Chairman of the US Federal Reserve (FED). - If JOLTs data shows a strong labor market and Mr. Powell appears optimistic about the economy, the USD could appreciate on expectations of higher interest rates. - In addition, if JOLTs data is weaker than expected and Mr. Powell is concerned about the economy, the USD may decline due to expectations of loose monetary policy. . World gold price: - Gold prices often fluctuate due in part to the impact of the USD and are considered a safe asset amid economic concerns. - If the statements of Mr. Powell and Ms. Lagarde show concerns about the economic situation, gold prices may increase as investors look for safe assets. - However, if the market is optimistic about the economy and expects higher interest rates, gold prices may come under downward pressure.
TVC:GOLDShort
by Chart_MasterPro
Monday: Gold operates in the range of 2050~2080Gold is now supported by its decline, and there is demand for a rebound. The Asian market rose by $14! From the trend point of view, gold is now undergoing a shock adjustment trend after a sharp rise. It is expected to maintain a shock within the range of 2050-2080. The direction will be chosen after the shock is over! The current operation is to sell high and buy low! Gold's decline has now found support at the 2055 line. The upper pressure is the hourly upper rail and the rebound pressure at 2073. The upper level is suppressed by 2081. It is expected that it will test the 2050 line again after encountering resistance!
OANDA:XAUUSD
by Short-termTaurus
XAUUSD: 27/12 Today’s Market Analysis and SuggestionsGold technical chart daily pressure is 2066-2072, with support below 2040 Four-hour pressure is 2066, support below is 2044 One-hour pressure 2066-2072, support below 2055 Operational advice: The advice given yesterday was absolutely correct. The gold price reached its lowest level near 2054 and then fluctuated upwards. It continued to test the 2066 mark. It is currently consolidating at the 2066 mark and waiting for the next attack! Look towards the vicinity of 2072-2080 and then look at the 2100 mark BUY:near 2055 You don’t necessarily trade according to the points I mentioned, technical analysis only provides trading direction!
OANDA:XAUUSD
by ActuaryJ
XAUUSD: 15/8 Trading Strategy of the Day​On Tuesday (August 15th), the U.S. dollar index stood strongly above the 103 mark. Spot gold fell to a low of $1,902.46 overnight, dragged down by higher U.S. dollar and U.S. Treasury yields, its lowest level since July 7. The dollar climbed to its highest level in more than a month on worries about the Asian economy, making dollar-denominated gold more expensive for overseas buyers, while the benchmark 10-year U.S. Treasury yield held above 4%. This week, the Federal Reserve will release the minutes of its July meeting, which may reveal the willingness to raise interest rates. The Fed's decision in July was in line with expectations, raising interest rates by 25 basis points as scheduled. Federal Reserve Governor Bowman said that the Fed may need to raise interest rates further to suppress inflation and fully restore price stability. He supported the decision to raise interest rates at the Fed meeting last month and expressed a more hawkish view. The annual rate of U.S. CPI without seasonal adjustment in July recorded 3.2%, ending 12 consecutive months of decline, but lower than the expected 3.3%; the annual rate of core CPI without seasonal adjustment in July recorded 4.7%, the lowest since October 2021. Tonight, we will focus on the monthly retail sales rate in July in the United States, which is known as "horrible data", which is expected to have a big impact on the market. Gold yesterday fluctuated and closed down on the small negative line, continuing its weak downward trend. The highest was 1916, and the lowest was close to the 1900 mark. Although it did not break below, it still closed at a low level after rebounding in late trading. It is expected to fall below the 1900 integer mark today, maintaining a small step weakness fall. The daily line follows the short-term moving average and goes down weakly. Below, pay attention to the conversion near the 1893 low. Whether it is a weak position directly breaking the position, or holding on to the circuitous shock at this position, there may be repetitions in the short term. The analysis given yesterday is to do more at 1903-06. Those who pay attention to me believe that they can also grasp the profit. The current trend is consistent with my analysis, so we can keep it down in operation. Today, we mainly focus on whether the 1900 mark below can be smooth broken position. Gold weakened at the opening today, unlike last week. Last week, it was a white market rebound, and the European and American markets fell. The rhythm has changed but the trend is the same, so there is no problem in staying bearish. Today's suppression level has moved down to around 1915. The lower support level depends on the strength of the decline. There is a high probability that 1900 will not be able to bear it. If it has not broken through 1900 many times, we can go long around 1902. ​​​​​​Gold operation strategy: SELL:1910-1913 TP1:1907 TP2:1902 BUY:1900-1903 TP1:1907 TP2:1913
OANDA:XAUUSD
by ActuaryJ
1